V tashkent International Investment Financial Forum – April 2012

Business overview: Comparative advantage

• UzKDB Bank is a safe bank, because of:
• Conservative Credit Policy;
• Well established Assets and Liabilities management;
• The limits for interbank placements are set by KDB Headquarters based in Seoul;
• Unlike other local banks in Uzbekistan, UzKDB Bank has an access for analysis of financial institutions carried out by KDB, and has competitive knowledge about the situation in international markets;
• FX position of the bank is positive and stable;
• UzKDB Bank makes interbank placements only with first class international banks with highest investment ratings and carries out periodical analysis of counterparty banks.

Main financial indicators

Items	Unit	FY2011	FY2006	% Increase
Financial Position
Total Assets	UZS mln	752,087.4	85,458.9	780.1
Total Liabilities	UZS mln	689,973.7	66,807.8	932.8
Total Equity	UZS mln	62,113.7	18,651.1	233.0
Income statement
Operating Income	UZS mln	26,107.5	9,447.0	176.4
Operating expenses	UZS mln	13,909.5	4,449.1	212.6
Profit before income tax	UZS mln	12,197.9	4,997.9	144.1
Income tax	UZS mln	2,798.1	1,037.9	169.6
Net Profit	UZS mln	9,399.9	3,960.0	137.4

• RBS Uzbekistan

• History of RBS Uzbekistan
• Bank’s Profile
• Financial performance

• 8

• 77, Nasirova street, Yunus Abad District, 100084 Tashkent, Uzbekistan
• SWIFT: KODBUZ22

History of RBS Uzbekistan

• 1996 - Founded as ABN AMRO Bank NB Uzbekistan A.O.
• 2008 - Renamed to RBS NB Uzbekistan CJSC subsequent to the global acquisition by The Royal Bank of Scotland Group
• 2009 - RBS Uzbekistan – Award “Best Bank in Uzbekistan” by Euromoney
• magazine
• 2010 - RBS Group agrees to sell RBS Uzbekistan to Korea Development
• Bank
• 2011 - KDB acquired majority stake in RBS Uzbekistan and the Bank
• (Nov) became part of KDB Financial Group
• The name “RBS NB Uzbekistan CJSC” is used under Transitional Trade Mark License Agreement signed with RBS Group

Shareholders are: KDB – 82.35% and NBU – 17.65%.

• Shareholders are: KDB – 82.35% and NBU – 17.65%.
• RBS Uzbekistan has advanced Relationship Management service compared to other banks
• The Bank implements enhanced Know Your Client Policy and advanced operating system leading to efficient risk management
• Corporate customer segmentation
• Subsidiaries/joint venture companies of multinational companies and large local enterprises
• Small businesses, representation offices of international companies and diplomatic missions
• Corporate staff and card accounts
• Sector of economy
• Integrated energy
• Automotive
• Telecommunication
• Textile and etc

• Bank’s profile

Product offering

• Product offering
• Transaction Banking - current accounts, trade finance, physical cash, bank transfers, international clearing, collection services
• Treasury - currency exchange, money market instruments, trading, plain vanilla derivatives
• Credit Structuring - overdrafts and loan facilities
• Principal Member of MasterCard International Payment System, fully authorized for issuance and acquiring of MC cards. Licensed by Visa International as an Affiliate Member

• Bank’s profile (continued)

Volume of Assets and Equity (UZS mln)

• Total assets remained almost the same while the bank tightly controlled its cost base
• In 2011, the Bank increased the capital base by injecting the retained earnings (UZS 12 bln) of the previous years into share capital

Description	FY 2011	FY 2010	FY 2009
Total assets	539,627	543,097	551,734
Total equity	41,527	36,544	31,312

• Financial Performance

• Vision & Strategy

• Vision
• Strategy