General Economy Currency
Population: 9.2 Million Currency: Azerbaijani Manat (AZN)
GDP: USD 68.8 Billion
GDP per Capita (PPP): USD 13,486
GDP growth (5-year average) : 5.48 %
Inflation: 1.8%
1 USD = AZN 0.7845
Sources: Central Bank of the Republic of Azerbaijan, Data as of July 31, 2013; The Economist Intelligence Unit, Azerbaijan Country
Report ,2013
Area: 86,600 km2
Largest Cities: Baku, Ganja, Sumgayit, Mingachevir, Lenkaran
AZERBAIJAN: KEY FACTS INVESTOR PRESENTATION 2013
Ratings
Moody’s: Baa3 / Stable Fitch: BBB-/ Stable S&P: BBB- / Stable
2
Sources: Central Bank of the Republic of Azerbaijan, Data as of July 31, 2013; The Economist Intelligence Unit, Azerbaijan Country
Report ,2013
0
20000
40000
60000
80000
2005 2006 2007 2008 2009 2010 2011 2012
oil sector non-oil
0
5000
10000
15000
20000
25000
2005 2006 2007 2008 2009 2010 2011 2012
GDP FOREIGN TRADE SURPLUS
CURRENCY RESERVES OIL PRODUCTION
0
20000
40000
60000
2005 2006 2007 2008 2009 2010 2011 2012
USD mln USD mln
USD mln tn mln
0
20
40
60
2005 2006 2007 2008 2009 2010 2011 2012
3
AZERBAIJAN: KEY FACTS INVESTOR PRESENTATION 2013
Universal Commercial Bank with Focus on Micro and SME Lending
Among Top 5 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
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INTRODUCTION TO ACCESSBANK INVESTOR PRESENTATION 2013
Total Equity
Gross Profit
USD
40.7 million
CAR ROE ROA PaR>30 days
0.36%
Total Assets Loan Portfolio
USD
744 million
USD
922 million
USD
153 million
19% 30.2% 4.5%
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* Numbers based on management accounts
KEY FINANCIAL HIGHLIGHTS 10m 2013 INVESTOR PRESENTATION 2013
Total Equity
Gross Profit
USD
35.7 million
CAR ROE ROA PaR>30 days
0.39%
Total Assets Loan Portfolio
USD
719million
USD
883 million
USD
149 million
19.3% 28.9% 4.2%
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* Numbers based on management accounts
KEY FINANCIAL HIGHLIGHTS 9m 2013 INVESTOR PRESENTATION 2013
Total Equity Gross Profit
USD
26 million
CAR ROE ROA PaR>30 days
0.63%
Total Assets Loan Portfolio
USD
525 million
USD
656 million
USD
129 million
23.5% 18.6% 3.7%
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* IFRS audited
KEY FINANCIAL HIGHLIGHTS 2012 INVESTOR PRESENTATION 2013
Development of Loan Portfolio USD million Number of Loans
7
0
100
200
300
400
500
600
700
800
50,000
70,000
90,000
110,000
130,000
150,000
170,000
LOAN PORTFOLIO DEVELOPMENT INVESTOR PRESENTATION 2013
Loan Portfolio by Segment (10m 2013)
*USD million Amount Clients
Micro portfolio 329 105,384
SME portfolio 304 2,186
Retail portfolio 71.3 34,667
Mortgage loan portfolio 20 560
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LOAN PORTFOLIO BY SEGMENT INVESTOR PRESENTATION 2013
Continuous Dynamic Growth in Business Lending since 2005 USD million
9
0
100
200
300
400
500
600
700
800
900
1000
2005 2006 2007 2008 2009 2010 2011 2012 Oct-13
Total Assets Loan Portfolio
CONTINOUS DYNAMIC GROWTH INVESTOR PRESENTATION 2013
Asset Quality Cost/Income Ratio
ROAE Pre-tax Profit
25
33
24
36 35
0
10
20
30
40
2009 2010 2011 2012 Q3 2013
10
0.85%
1.09% 0.76%
0.64%
0.36%
0.15%
0.35%
0.55%
0.75%
0.95%
1.15%
2009 2010 2011 2012 Q3 2013
Par > 30 days
60.0%
50.9%
24.6%
18.6%
28.9%
10.0%
30.0%
50.0%
70.0%
2009 2010 2011 2012 Q3 2013
58.2% 57.4%
70.3% 72.2%
60.3%
50.0%
60.0%
70.0%
80.0%
2009 2010 2011 2012 Q3 2013
KEY FINANCIAL RATIOS INVESTOR PRESENTATION 2013
Source: Fineko Ranking, Data as of September 2013, Exchange Rate USD/AZN: 0.7844
Total Equity (USD million)
Total Assets
(USD million)
Loan Portfolio
(USD million)
1 Azerbaijan International Bank 986 8.771 6.199
2 Pasha Bank 311 874 446
3 Xalq Bank 260 1.717 1.320
4 Kapital Bank 207 1.281 991
5 Expressbank 154 326 208
6 AccessBank 149 883 719
7 Bank of Baku 147 815 665
8 UniBank 130 870 719
9 Bank Technique 86 571 367
10 Bank Respublika 75 564 338
11 Agbank 65 554 400
12 Bank of Azerbaijan 70 493 435
13 Muganbank 65 406 300
14 DemirBank 73 481 376
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TOP BANK IN AZERBAIJAN INVESTOR PRESENTATION 2013
Branches: 37
14 Branches in Baku
23 Regional Branches
Employees: 1758
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OUTREACH INVESTOR PRESENTATION 2013
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%)
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SHAREHOLDER STRUCTURE INVESTOR PRESENTATION 2013
Market leader in Micro lending
Maintaining leading position in SME lending
Focus on Regions
Focus on Agro lending
Expanding Mortgage lending
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STRATEGY INVESTOR PRESENTATION 2013
KfW, USD 30m Senior Loan, 5-y (July 2012)
IFC, USD 15m Senior Loan, 5-y (Dec 2012)
OPEC/OFID, USD 10m Senior Loan, 5-y (Dec 2012)
EFSE, USD 10m Senior Loan, 4-y (Nov 2012)
EBRD, USD 25m Senior Loan, 5-y (August 2012)
FMO/OeEB/Proparco, USD 60m Syndicated Loan, 4-y (June 2013)
ADB, USD 50m Senior Loan, 5-y (July 2013)
BSTDB, USD 15m Senior Loan, 3-y (June 2013)
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KEY REFINANCING TRANSACTIONS INVESTOR PRESENTATION 2013
• ADB • FMO • responsAbility • KfW • EBRD • IFC • EFSE • OPEC/OFID • DWM • Symbiotics • Proparco • OeEB • BSTDB • Deutsche Bank
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LARGEST REFINANCING PARTNERS INVESTOR PRESENTATION 2013
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 February 2013)
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INTERNATIONAL RECOGNITION INVESTOR PRESENTATION 2013
Farida Pirverdiyeva TEL: + 99 412 493 80 10
International Partner Relations Manager EMAIL: [email protected]
Sascha Deutsch TEL: + 99 450 255 51 89
Executive Assistant to the Management Board EMAIL: [email protected]
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CONTACT INVESTOR PRESENTATION 2013