1. Russian Market: Challenges and Opportunities for Italian Corporates
The largest foreign bank in Russia
Italy, May 2019

2. Macroeconomic Scenario UniCredit Group in Russia
AGENDA
Macroeconomic Scenario
UniCredit Group in Russia
Net income: EUR -10,641 mn (Q3 2011); EUR -9,320 mn (9M 2011)*
*The loss in 3Q11 was caused by a series of extraordinary one-off write-downs totaling EUR 10,167 million net of taxes. This goodwill write-offs are non-cash in nature and do not affect liquidity and cash flows from operating activities.
International Center 2 2 2

3. Boring growth rates going forward
It’s an exhaustion of the XXth century growth model (OnG, defense, agriculture and food production)
Consumption: slowly and steady
Investment: growth engine which is hard to start
External sector: cash cow for budget, but net drag on growth
Source: Rosstat

4. Macroeconomic stability
RUB volatility returned back to the pre-crisis levels, with only two market spikes during 2018.
RUB is rather stable in 2019.
This is a remarkable result given the floating exchange rate regime (as compared to managed RUB before end of 2014).
The reasons behind that are budget rule and other measures, improving the overall macroeconomic stability in the country and its susceptibility to external shocks.
Source: CBR

5. Russia: investment-grade, stable outlook
Russia currently holds an investment-grade from all big-three rating agencies due to the positive revision by Moody’s in February 2019.
This may partially dampen the speculative capital outflow as it would be partially replaced by quality-driven investments.
Strengths:
Highly efficient Bank of Russia’s monetary policy
Strong balance of payments and investment position
RUB correlation with oil prices fell to multi-year lows
Better than expected fiscal execution
Points of Attention:
Demography is deteriorating
External restrictions
Risks of extension / intensification of external restrictions have become more real. The character of restrictions has also changed

6. Key Advantages of Investing in Russia
Russia is the 6th largest economy in the world.
The Russian economy is expected to grow to almost $4.3 trillion in 2019
Lower inflation rate.
Strong labor market. Low unemployment rate.
6th largest domestic market
Unique Geographic Position
Special economic zones in Russia
Russian Special Economic Zones are growing industrial, technology, logistics and touristic territories with special benefits and incentives for investors.
Key Sectors:
Cars and car parts
Pharmaceutical and medical industry
Innovations and Technology
Transportation industry
Oil and Gas industry
Agriculture and food industry
Metals and Mining etc.

7. Macroeconomic Scenario UniCredit Group in Russia
AGENDA
Macroeconomic Scenario
UniCredit Group in Russia
Net income: EUR -10,641 mn (Q3 2011); EUR -9,320 mn (9M 2011)*
*The loss in 3Q11 was caused by a series of extraordinary one-off write-downs totaling EUR 10,167 million net of taxes. This goodwill write-offs are non-cash in nature and do not affect liquidity and cash flows from operating activities.
International center 7 7 7

8. UniCredit Bank at a glance
UniCredit Bank ranked #1 among the most reliable banks in Russia
according to Forbes Russia*
General Licence
for banking operations №1
of the Bank of Russia
The Bank was founded in Moscow on
October 19,1989
as International Moscow Bank (IMB)
and was rebranded as UniCredit Bank in 2007 1
~4 000
employees st
100 offices in 34 cities of Russia**
Bank with foreign capital in Russia
1 representative office in the Republic of Belarus
100% of shares are fully-owned by UniCredit Group
(UniCredit S.p.A.)
One of the main bank partners for more than
a half of 200 largest Russian companies
AO UniCredit Bank has been included into the list of systemically
important credit institutions***
* Forbes magazine, 100 Reliable Russian Banks 2019
**As of
***The information notice of the Press Service of the Bank of Russia

9. UniCredit Bank is presented in 27 regions of Russia
N Novgorod
UniCredit Bank's network covers key economic regions of the Russian Federation
The Bank operates in all cities with a population over 1 million
The Bank consistently ranks in the top 5 financial partners for the largest regional companies* and actively invests in the economy of the regions
Well-established business processes and a wide network of partners allow the Bank to successfully cooperate with customers also in those regions where it is not represented by its offices
Archangelsk
Saint Petersburg
Solikamsk
Kazan
Tyumen
Omsk
Kemerovo
Moscow
Kaluga
Belgorod
Voronezh
Novorossiysk
Krasnodar
Saratov
Sochi
Lipetsk
Volgograd
Ufa
Ekaterinburg
Stavropol
Samara
Rostov-on-Don
Chelyabinsk
Kamensk-Shakhtinsky
Novosibirsk
Irkutsk
Krasnoyarsk
Data as of
*By the volume of the corporate loan portfolio
Barnaul
Perm

10. UniCredit Bank is one of the most reliable and successful banks in Russia
Among the
most reliable
banks in Russia
according
to Forbes Russia*
In the rating of
Russian banks by credit portfolios ***
In top-100
Russian banks by profit** 1 7 7
In the rating of Russian banks by private deposits***
In top-100
Russian banks by assets**
In top-100
Russian banks
by equity** 8 7 13
 *Forbes magazine, 100 Reliable Russian Banks 2019
** As of the end of 2018, Interfax-100
*** As of according to RIA Rating

11. UniCredit Bank is the largest foreign bank in Russia
2018 Assets
(RUB billion)
2018
Rating place
Q Assets
(RUB billion)
Q32018
Rating place
Sberbank
26 968 1
25 280 1
VTB
13 657 2
12 989 2
Gazprombank
6 143 3
5 902 3
Rosselkhozbank
3 314 4
3 020 4
Alfa-Bank
3 200 5
2 960 5
Credit Bank Of Moscow
2 131  6 6
1 935
FC Otkritie Bank
1 384 7
1 305 7
UniCredit Bank
1 351 8
1 205  9
Promsvyazbank
1 248  9 8
1 232
Raiffeisenbank
1 113 10
992 10
Source: Interfax-100.

12. Macroeconomic Scenario UniCredit Group in Russia
AGENDA
Macroeconomic Scenario
UniCredit Group in Russia
Net income: EUR -10,641 mn (Q3 2011); EUR -9,320 mn (9M 2011)*
*The loss in 3Q11 was caused by a series of extraordinary one-off write-downs totaling EUR 10,167 million net of taxes. This goodwill write-offs are non-cash in nature and do not affect liquidity and cash flows from operating activities.
International center 12 12 12

13. UniCredit Bank has an International Center focalized on the International companies interested in investing in Russia
International Center
UniCredit offers its clients both local and international expertise by providing unparalleled access to market leading products and services in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.
Focus
Best Bank for servicing cross border clients:
#1 in CEE in terms of total assets[1], ranked in the top 5 in most CEE countries (As of December 2018)
UniCredit is and will remain a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise: 26 million customers.
Network
Service Model
A Service Model which unifies specialized professionals, geographical proximity and international experience
Product lines dedicate to specific necessities (Financing or Intermediation, Financial Markets, Global Transaction Banking, Factoring, Leasing, Cash management, FX etc.)
~1 500 International Clients
~425 Italian customers ~20% of IC
Main bank for Italian, Austrian and German groups
largest lender in the region (EUR 66.5 billion as of March 2019[2]), with 11.6% market share in lending and sound growth in the last 5 years (1Q19 CMD perimeter. Retail Branches only)
Cross border 13

14. CONTACTS Head of International Center Fabrizio Rollo
Tel:
Head of Italian Coverage
Martin Madjarov
GSM:
General mailbox:
Russia (RU)
AO UniCredit Bank
9, Prechistenskaya Embankment, Moscow