THE NATIONAL BANK FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN: INVESTMENT PROJECT FINANCING Speaker: Nodir Matyakubov Head of Department Centre for Project Finance National Bank of Uzbekistan

BRIEF INFORMATION ON NATIONAL BANK OF UZBEKISTAN Subsidiary bank in Moscow – “Asia Invest Bank” NBU is among the world’s 1000 biggest banks according to “The Banker” magazine Main activity directions: project financing, corporate & retail banking, investment activity Retail and corporate clients: over 2,7 mln. In Uzbekistan: 90 branches and 110 mini-banks Wide correspondent network: over 660 correspondent banks in 75 countries

RATINGS BY INTERNATIONAL RATING AGENCIES INTERNATIONAL RATING AGENCIES “B1/B2” “STABLE” OUTLOOK “STABLE” OUTLOOK“B+”

Figure (NAT. STANDARTS) UZSUSDUZSUSD Assets 7.8 trl4.3 bln9.45 trl4.76 bln Capital bln429.8 mln1,062.6 bln mln Credit portfolio 4.7 trl2.6 bln5.3 trl2.7 bln Net profit 67.5 bln37.6 mln36.3 bln18.3 mln Long-term loans’ share of credit portfolio 89%91% NBU: MAIN FIGURES

PROJECT FINANCING IN UZBEKISTAN: ROLE OF NBU Main task and aim: To be a financial institute of the international level that is able to attract foreign investments and advanced technologies to Uzbekistan for fundamental renovation and deep structural transformation of the economy. Fulfillment: NBU is an active participant of investment processes, that both actively attracts foreign investment and acts as initiator of investment projects and active investor itself. Result: NBU is the largest investment bank in Uzbekistan.

(UP FROM 1991 TILL 2012) 217 projects totaling USD 6.91 bln. (AS OF JANUARY 1, 2013) 122 investment projects Projects’ total value - equivalent of USD 4.8 bln. 159 long-term bank loans Loans’ total amount – equivalent of USD 2.1 bln. PROJECT FINANCING: MAJOR FIGURES

EPC contracts Equipment procurement (incl. assembly, setting and maintenance staff training) New construction and reconstruction of manufacturing facilities PROJECT FINANCING: FINANCED OBJECTS

PROJECT FINANCING: SECTORS OF ECONOMY FUEL & ENERGY CHEMICAL INDUSTRY MINING CAR MANUFACTURING TRANSPORTION AGRICULTURE OTHERS TELECOMMUNICATION

IDB - 30 mln. USD ICD (Islamic Corporation) – 15 mln.USD ADB mln. USD CDB – 155 mln. USD Eximbank Korea – 60 mln. USD IFC - 15 mln. USD KfW - 15 mln. USD Landesbank Berlin AG - unlimited Credit lines extended in favor of NBU from foreign banks and IFI PROJECT FINANCING: CREDIT FACILITIES

PROJECT FINANCING: CREDIT FACILITIES INTERNAL SOURCES FOND FOR RECONSTRUCTION AND DEVELOPMENT NBU’S OWN ASSETS

Tashkent, Navoi and Talimardjan thermal power-stations’ expansion Ustyurt Gas Chemical Complex’s construction at the Surgil field Muborek gas-processing plant’s expansion Mining equipment procurement to Navoi Mining and Metallurgy Industrial Complex 2 high-speed “Talgo” passenger electric trains procurement to SJSRC “O’zbekiston Temir Yo’llari” (Uzbekistan Railways) A number of land-melioration projects. PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS

- 5 «Boeing ER» - 2 «Boeing » - 3 «Airbus А-310» - 4 «IL » - 6 «Airbus А » - Reconstruction of international airports in Tashkent and Navoi - GM Uzbekistan’s plants for production of components and spare parts for the automobiles PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS

THANK YOU FOR ATTENTION!