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Investor Presentation Q1 2014
General Economy Currency
Population: 9.2 Million Currency: Azerbaijani Manat (AZN)
GDP: USD 74 Billion GDP per Capita (PPP): USD 13,486
GDP growth: 5.8 %
Inflation: 2.4%
1 USD = AZN 0.7844
Sources: Central Bank of the Republic of Azerbaijan, Data as of January 31, 2014; The Economist Intelligence Unit, Azerbaijan Country Report ,2013
Area: 86,600 km2
Largest Cities: Baku, Ganja, Sumgayit, Mingachevir, Lenkaran
AZERBAIJAN: KEY FACTS
Ratings
Moody’s: Baa3 / Stable Fitch: BBB-/ Stable S&P: BBB- / Stable
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Sources: Central Bank of the Republic of Azerbaijan, Data as of Jan 31, 2014; The Economist Intelligence Unit, Azerbaijan Country Report, 2013; State Oil Fund of the Republic of Azerbaijan; *forecast 2014
Foreign Trade Surplus
Currency Reserves State Oil Fund – Total Assets USD mln USD mln
AZERBAIJAN: KEY FACTS
0
10000
20000
30000
40000
2008 2009 2010 2011 2012 2013 2014*
USD mln GDP
USD mln
0
5000
10000
15000
20000
25000
2005 2006 2007 2008 2009 2010 2011 2012 20130
20000
40000
60000
80000
2005 2006 2007 2008 2009 2010 2011 2012 2013
non-oil oil sector
0
20000
40000
60000
2005 2006 2007 2008 2009 2010 2011 2012 2013
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Universal Commercial Bank with Focus on Micro and SME Lending
Among Top Banks in Azerbaijan in Business Lending
Strong shareholder structure with triple A rated IFI’s owning majority stake
Highest international credit rating of local commercial banks: ‘BB+ outlook stable’ by
Market leader in portfolio quality
INTRODUCTION TO ACCESSBANK
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Total Equity Net Profit
USD 12.8 million
CAR ROE ROA PaR>30 days
0.39%
Total Assets Loan Portfolio
USD
847 million
USD 1.1 bn
USD 158 million
17.8% 33.9% 5.0%
FINANCIAL HIGHLIGHTS Q1 2014
* Numbers based on management accounts
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Total Equity Net Profit
USD 35 million
CAR ROE ROA PaR>30 days
0.36%
Total Assets Loan Portfolio
USD
800 million
USD 1.0 bn
USD 146 million
17.2% 28.7% 4.3%
FINANCIAL HIGHLIGHTS 2013
* Numbers based on management accounts
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Development of Loan Portfolio USD million Number of Loans
LOAN PORTFOLIO DEVELOPMENT
0
100
200
300
400
500
600
700
800
900
50 000
70 000
90 000
110 000
130 000
150 000
170 000
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Loan Portfolio by Segment
*USD million Amount Clients
Micro portfolio 379 116,110
SME portfolio 352 2,341
Retail portfolio 77 31,965
Mortgage loan portfolio 24,5 696
LOAN PORTFOLIO BY SEGMENT
*Data based on management accounts as of March 31, 2014
46%
42%
9% 3%
Micro Loans SME Loans
Retail Loans Mortgage Loans
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Continuous Dynamic Growth in Business Lending since 2005 USD million
CONTINUOUS DYNAMIC GROWTH
0
200
400
600
800
1000
1200
2005 2006 2007 2008 2009 2010 2011 2012 2013
Total Assets Loan Portfolio
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Asset Quality Cost/Income Ratio
ROAE Net Profit
KEY FINANCIAL RATIOS
USD mln
0,85%
1,00%
0,76%
0,63%
0,36%
0,15%
0,35%
0,55%
0,75%
0,95%
1,15%
2009 2010 2011 2012 2013
PaR > 30 days
58,2% 57,0%
70,1% 72,4%
64,8%
50,0%
60,0%
70,0%
80,0%
2009 2010 2011 2012 2013
60,0% 51,8%
24,3%
18,6%
28.7%
10,0%
30,0%
50,0%
70,0%
2009 2010 2011 2012 2013
25
33
22,3 20,2
35
0
10
20
30
40
2009 2010 2011 2012 2013
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Source: Fineko Ranking, Data as of December 2013, Exchange Rate USD/AZN: 0.7844
Total Assets (USD million)
Loan Portfolio (USD million)
Total Equity (USD million)
1 Azerbaijan International Bank (IBA) 9.143 6.814 1.152 2 Xalq Bank 1.634 1.273 262 3 Kapital Bank 1.336 985 209 4 Bank Standard 1.290 980 60 5 AccessBank 1.006 800 146 6 UniBank 943 761 145 7 Pasha Bank 899 461 274 8 Bank of Baku 849 628 159 9 Bank Technique 665 430 79
10 Bank Respublika 604 372 82 11 AGBank 596 428 64 12 DemirBank 516 396 76 13 Bank of Azerbaijan 499 464 56 14 Muganbank 434 280 64 15 Expressbank 298 230 157
TOP BANKS IN AZERBAIJAN
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Branches: 41 Employees: 1931
OUTREACH
14 Branches in Baku
27 Regional Branches
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Black Sea Trade and Development Bank (20% )
European Bank for Reconstruction and Development (20%)
International Finance Corporation (20%)
Kreditanstalt fuer Wiederaufbau (20%)
Access Microfinance Holding AG (16.53%)
LFS Financial Systems GmbH (3.47%)
SHAREHOLDER STRUCTURE
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Market leader in Micro lending
Maintaining leading position in SME lending
Focus on Regions
Focus on Agro lending
Expanding Mortgage lending
STRATEGY
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Raiffeisen International, USD 60m Syndicated Loan, 1-y (03/2014)
IFC, USD 15m Senior Loan, 5-y (12/2012)
OPEC/OFID, USD 10m Senior Loan, 5-y (12/2012)
EFSE, USD 10m Senior Loan, 4-y (11/2012)
EBRD, USD 25m Senior Loan, 5-y (08/2012)
FMO/OeEB/Proparco, USD 60m Syndicated Loan, 4-y (06/2013)
ADB, USD 50m Senior Loan, 5-y (07/2013)
BSTDB, USD 15m Senior Loan, 3-y (06/2013)
KEY REFINANCING TRANSACTIONS
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• ADB • FMO • responsAbility • KfW • EBRD • IFC • EFSE • OPEC/OFID • DWM • Symbiotics • Proparco • OeEB • BSTDB • Deutsche Bank
LARGEST REFINANCING PARTNERS
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Frequent recognition by reputable financial publications for outstanding results and achievements
Fitch Ratings consistently reaffirms AccessBank’s ‘BB+ outlook stable’ rating – the highest in the country (reconfirmed in December 2013)
INTERNATIONAL RECOGNITION
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Farida Pirverdiyeva TEL: + 99 412 490 80 10
International Partner Relations Manager EMAIL: [email protected]
Tatyana Maslova TEL: + 99 450 301 06 65
International Partner Relations Leading Specialist EMAIL: [email protected]
CONTACT
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