General information on banking sector of Uzbekistan

Microfinance services rendered by spheres in 2015

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• Cooperation with International organizations.

• Worldwide acknowledgement

• The bank is a member of World Microfinance Center, Asian Bankers Association and Russian Microfinance centre.

• According to the ranking issued by the Micro-Capital Market Bulletin published in Boston (USA) in 2012, Microcreditbank was found the 5th among the top 10 of the 151 Central Asian and European micro-credit banks.

• According to report of MIX-MARKET Agency Microcreditbank is among the 100 best banks by volume of micro-crediting and is assessed as the 5 diamond bank.

• Bank is cooperating with world Bank, International Development Association, International fund for agricultural development, Islamic Development of Private Sector.
• Bank attracted grants of UNDP, International organization for German Cooperation.

• International rating company «Fitch Ratings» assigns the Bank with «B» level rating with «Stable» outlook every year.

Projection of Main Indicators for 5 years (million USD equivalent)

Indicator	Actual 2015	2016	2017	2018	2019	2020
Assets	425,3	384,1	442,5	490,9	547,7	553,0
Total Capital	90,0	91,8	92,6	92,9	92,9	93,0
Authorized Capital	80,1	87,6	88,0	88,6	89,0	90,1
Current Liquidity Ratio (min. 0.30)	0.815	0.82	0.78	0.79	0.80	0.81
Capital Adequacy Ratio (min. 0.10)	0.215	0.22	0.23	0.24	0.25	0.25
Credit Portfolio	293,8	297,2	303,2	305,5	305,6	306,0
Stock Portfolio	3,9	3,6	3,4	3,1	2,9	2,7
Deposits of Legal Entities	164,8	171,4	178,2	185,4	192,8	200,5
Deposits of Natural Persons	75,6	98,2	127,7	166,0	215,8	280,5
Net Profit	0,5	2,0	2,2	2,4	2,7	3,0

Analysis of Investment Attractiveness of Project

• Banking activity regulation policy conducted by the Government страны creates all necessary conditions for dynamic market development. The stated measures shall be key factors in formation of modern, full-fledged and competitive market for banking services. Comprehensive work is implemented to improve the banking legislation, to raise quality of banking services, to ensure high degree of financial stability of banks as well as implementation of international of standards and principles regulation and supervision for banking activity.
• JSCB «Mikrokreditbank» is a universal commercial bank which carries out all kinds of banking operations represented in financial services market including servicing of private and corporate clients.
• «Mikrokreditbank» represent high business activity in the financial market, dynamically developing commercial network, adequate capitalization, balanced liquidity position, rapid growth of assets of the bank and preserving geographic concentration of business. Clear strategy aimed at expansion of business scales and strengthening positions of the bank in the market as well as support of shareholders gives additional stability to bank’s business.

Conclusions and Recommendations

• Taking into consideration positive prospects of development of the bank, main advantages for strategic investors shall be:
• - Existence of the corporate management system which enables to ensure maximum transparency of activity of the bank and to adequately assess risks;
• - Existence of bank’s wide regional network via which the bank is represented practically in all regions of the republic;
• - Historically established client base of the bank;
• - Long sustainable growth of main indicators of the bank;
• - Not too high capitalization compared with banks of developed countries worldwide which enables an investor to enter the banking market of Uzbekistan gaining notable market share by investing relatively insignificant resources;
• - Financial stability and solvency of the bank confirmed with high rating and presence in the official stock exchange listing;
• - Well-deserved reputation and established image among clients for 22 years activity of the bank.

• Thanks for attention!

• Contact Information:
• 14, Lutfiy Street, Tashkent, Republic of Uzbekistan
• Tel.: [phone], ext.: 1137, 1140
• Fax: [phone]
• www.mikrokreditbank.uz,
• e-mail: [e-mail]
• SWIFT: MICDUZ22;
• THOMSON REUTERS: UZ 02568