UZBEKISTAN BANKING & FINANCIAL SYSTEM - jp-ca.org

1 1 UZBEKISTAN BANKING & FINANCIAL SYSTEMCO-FINANCING OPPORTUNITIES FOR INVESTMENT PROJECTSFund for Reconstruction and development of Uzbekistan222I. The Central bank of UzbekistanII. Commercial banks - 30: 3 state-owned banks 13 joint stock banks 5 banks with foreign capital 9 private banksOver 4600 branches and retail officesIII. Nonbank FINANCIAL Institutions: 110 Credit Unions 82 Microfinance EntitiesIV. Fund for Reconstruction and DevelopmentBanking SYSTEM and Insurance Market of UzbekistanBanking SYSTEM and Insurance Market of Uzbekistan3 Assets and capital of the BANKING systemAssets and capital of the BANKING systemIpotekabank5%Others22%Asaka bank11%Agrobank10%UzPSB11%Microcreditban k3%People's Bank6%NBU32%Agrobank7%UzPSB8%Ipotekabank 4%Microcreditbank7%People's Bank6%Others25%Asaka bank12%NBU31%AssetsCapital 14 Uzbek banks were rated as stable by leading international rating companies4 Dynamics of BANKING sector Dynamics of BANKING sector 024681012 Total capitalTotal assetsTotal credits *in USD growth in household deposits39%51%57%65%69%20052006200720082 009 Establishing of Deposit Guarantee Fund since 2002 Full guarantee of population

2 Depositsin commercial banks since 2009 Since 1991 there is no case of bank liquidation with liabilities unsettledIncreasing confidence in the BANKING systemIncreasing confidence in the BANKING system6 Stability of the BANKING SystemStability of the BANKING System6666 Stable BANKING and FINANCIAL SYSTEM in Stable BANKING and FINANCIAL SYSTEM in strict compliance with the Basel Core strict compliance with the Basel Core principles of BANKING supervision:principles of BANKING supervision: bank capital adequacy ratio is over 23%, bank capital adequacy ratio is over 23%, being almost 3 times higher than being almost 3 times higher than international standards;international standards; total assets of banks are more than 2 times total assets of banks are more than 2 times higher than the total balance of the higher than the total balance of the population and legal entities deposits, population and legal entities deposits, insuring complete protection and guarantee insuring complete protection and guarantee of timely payments;of timely payments.

3 For the last 10 years domestic sources for the last 10 years domestic sources channeled to financing the real sector of the channeled to financing the real sector of the economy increased by 25 times;economy increased by 25 times; total current liquidity of the BANKING SYSTEM is total current liquidity of the BANKING SYSTEM is 10 times higher than external payments due. 10 times higher than external payments due. Credit portfolio of commercial Credit portfolio of commercial banks banks ((eqeq. USD . USD mlnmln))(54%)(84%)(46%)(16%)0,01000,0200 0,03000,04000,05000,06000,07000,02000200 9 Domestic sourcesExternal debt2567 (100%) 5838 (100%)4904934138611817 BANKING services for Navoi FIEZ investorsBanking services for Navoi FIEZ investors Accounts management International payments Trade finance Credits Project financing other services delivered by:- National bank of UZBEKISTAN -UzKDBbank-AsakaBank8 National bank of UzbekistanNational bank of UzbekistanYear of establishment: 1991 Shareholder:Government of UzbekistanAssets:USD 3 blnNumber of Branches and retail offices: 285 Clients: 1,8 mlnCorrespondent banks in Japan- bank of Tokyo-Mitsubishi UFJ-SMBC- Mizuho FINANCIAL Group9 Asaka bankAsaka bankYear of establishment: 1995 Shareholders.

4 Ministry of Finance, UzavtosanoatAssets:USD 1,18 blnNumber of Branches and retail offices: 27 Clients: over 630 thousandCorrespondent banks in Japan-SMBC- bank Of Tokyo-Mitsubishi-UFJ bank Limited- Mizuho bank LTD10 Investment Credit Facilities in FIEZ NavoiInvestment Credit Facilities in FIEZ Navoi USD 100 mln credit line for FIEZ Navoiprojects USD 40 mln credit line for SME projects Credit facilities by UzKDB USD 50 mln credit line for FIEZ Navoiprojects USD 100 mln credit line for FIEZ Navoiprojects USD 40 mln credit line for SME projects11 Fund for Reconstruction and DevelopmentFund for Reconstruction and development --Established:Established:--2 0062006--Founder: Founder: --Government of UzbekistanGovernment of UZBEKISTAN --Charter capital: Charter capital: --USD 5 billion USD 5 billion 12 Key tasksKey tasks--Financing important Financing important investment projects investment projects with major with major contribution to economic development and structural contribution to economic development and structural reforms;reforms;--Financing and coFinancing and co--financing national programs and projects financing national programs and projects aimed at aimed at infrastructure development ;infrastructure development ;--Providing Providing loans forloans formodernizing modernizing industrial enterprises in industrial enterprises in key sectors of the economy;key sectors of the economy.

5 --Extending credit lines for procurement Extending credit lines for procurement of new modern of new modern technologies, equipment technologies, equipment and other strategic other strategic areas of investmentsKey areas of investments--Oil Oil --Chemical and petrochemical industry;Chemical and petrochemical industry;--Energy & power sector;Energy & power sector;--Metals Metals --Transport & communicationsTransport & communications--Regional development & Infrastructure Regional development & Infrastructure portfolioCredit portfolioover 60 projects under implementation and in the pipe-lineChemicals13%Oil and Gas25%Energy sector24%Machinery3%Metals & mining10%Transport/ Infras truc ture25%15 Financing instrumentsFinancing instruments-National bank for foreign economic activity;-Asaka bank ;-Ipoteka bank ;-UzPromstroy bank ;-Agro bank .

6 1. Investment loans and credit lines refinanced by authorized commercial banks:2. Equity participation;3. Co-financing of infrastructure development for new project examplesProject examplesProjectsOil & Gas:- Production of liquefied petroleum gasChemicals:- Construction of potassium fertilizers plantMachinery:- Car engines production plant (480 000 engines )Power:- Construction of Guzar-Surkhan power transmission line- Modernization of Navoi Thermal Power PlantProject cost(USD mln)243,8123,4568,9137,6468,017 Our partners for project financingOur partners for project financing--Asian development BankAsian development bank --World bank World bank --Japan international Cooperation AgencyJapan international Cooperation Agency-- islamic development BankIslamic development bank --State General Reserve Fund of OmanState General Reserve Fund of Oman--Korea development bank Korea development bank --Korea ExportKorea Export--Import bank Import bank --International Petroleum International Petroleum Investment CompanyInvestment Company--Czech Export BankCzech Export bank --Malaysia ExportMalaysia Export--Import BankImport bank --China development BankChina development bank --China China EximbankEximbank18 Project finance cooperation with Japan

7 BanksProject finance cooperation with Japan banksExecuted projects: USD 56,1 mln JBIC loans to co-finance 6 projects with the total cost of USD 497,4 mlnOngoing projects: USD 425,4 mln JBIC loans to co-finance 2 projects with the total cost of USD 870,4 mlnNew projects: USD 394,9 mln JICA loans to co-finance 2 projects with the total cost of USD 1326,9 mln192009-2014 investments program2009-2014 investments program Over 320 projects with the total cost of USD 42,5 bln Over USD 2,5 bln financed by UFRDL ight industryUSD 870 mln"Navoi" Free industrial economic zoneUSD 596 mlnBuilding materials productionUSD 983 mlnTransport & InfrastructureUSD 5,8 blnOther USD 2,1 blnMachineryUSD 1,2 blnChemical industryUSD 3,1 blnMetals & miningUSD 1,8 blnEnergy sectorUSD 4,5 blnPetrochemicalsUSD 9,7 blnOil and GasUSD 11,8 bln20 THANK YOU FOR ATTENTION!