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INVESTOR PRESENTATION Content 31-March-2019 INVESTOR PRESENTATION Content Ameriabank at a Glance Armenia Macro Indicators Armenian Banking Sector Indicators Ameriabank Financial Results Ameriabank Strategy Highlights Annex 1 Investment Highlights The Leading Bank in Armenia st 1 in the market Impressive by key financial indicators since Above Average Stable and 2015 Growth resilient emerging Above 20% 5-yr economy, with CAGR in key high GDP growth, financial metrics low inflation and stable exchange rates Attractive Macro Superior customer Fundamentals service, proven Best practice corporate governance leadership not only by system and principles, professional financials but also by and experienced management culture and values team Innovator and Strong Team and Trend Setter Corporate Culture 2 The Leading Bank in Armenia Overview The largest universal bank in Armenia, offering corporate, investment Assets 15.1% and retail banking services. Loans 17.2% 1st in the market by key financial indicators: assets, loans, liabilities, net profit and equity Liabilities 15.7% Major contributor to Armenian banking sector development Ongoing appreciation and quality recognitions by reputable global Equity 11.9% institutions Net Profit 14.8% Highest possible credit ratings for an institution operating in Armenia Ameriabank Market Share Ratings S&P Ownership structure Long-term B+ Short-term B Outlook stable EBRD SACP bb- 19 933 17.8% Branches Employees Moody's Ameria Group (CY) Ltd 56.5% Bank Deposits (LC) B1/NP ESPS Bank Deposits (FC) B2/NP Holding Ltd BCA b1 11.7% 125 2021 350 CRA Ba3(cr)/NP ATMs POS Virtual POS ADB Outlook positive Terminals Terminals 14.0% 3 Impressive Above Average Growth Major contributor to Among top 5 retail Above 20% 5-yr RA banking sector banks in Armenia after strategic shift CAGR* of key financial development with announced in 2011, metrics above market average with tripled Retail & growth rates SME loan portfolio the leading bank in Armenia by key financial metrics since 2015 25% 21% 20% 20% CAGR 5 y Assets Liabilities Loans to customers Customer Liabilities *CAGRs are calculated based on 2018 YE results 4 Innovator and Trend Setter Developing multichannel Goals distribution platform, with Implementing comprehensive digital enhanced distance banking transformation project. capabilities. Milestones Fully automated scoring based online loans implemented for consumer and SME reached loans, online onboarding of clients and cooperation/integration with the most active payment & settlement organizations for developing distance channels 61% yoy 1778% yoy 132% yoy Internet Banking Payment Terminal vPOS * * Transactions Transactions * Transactions Preliminary results 85% yoy 89% 68% Share of online scoring Number of Ameriabank Share of online scoring loans in total volume of customers loans in total number of consumer loans consumer loans * Includes not only Ameriabank payment terminals, but also other service providers, that Ameriabank cooperates with ** Ameriabank’s online payment system used by online shops and service providers 5 Strong Team and Corporate Culture Best practice corporate governance system and principles Most experienced and internationally accomplished board members in the market 6 Our Board of Directors Andrew Lindsay M. Ruben Robert von Noubar Philip Pierre Mkrtchyan Forbes Vardanyan Rekowsky Afeyan, Phd Lynch Gurdjian Non-executive Non-executive Non-executive Chairman of the Non-executive Independent Board Non-executive Non-executive Board Member Board Board Member Member Board Member Board Member Board Member Over 20 years of Over 35 years of Prominent impact Almost 30 years Over 30 years of Over 30 years of Over 25 years of experience in experience in investor investment of experience in experience in experience in experience in investment and commercial and banker with more global asset venture capital finance, including advisory business, management investment than 25 years of management, management more than 20 years President of the advisory by banking, including experience, key specialized in (MP/CEO Flagship with Lehman Board of Directors standing at the more than 20 figure in Russia’s emerging Pioneering, co- Brothers in senior of the Université roots of investment years with capital markets markets funds, a founder of over 35 positions. Was CEO Libre de Bruxelles, banking European Bank of establishment, a former vice- successful life of Middle East, Asia a Board member establishment in Reconstruction Founding Partner of president at science and Pacific and Africa in various Armenia, board and Development Moscow School of Emerging technology business at universities and member in a (EBRD). Before Management Markets Strategy startups) and a Nomura, is currently international number of joining EBRD, Mr. SKOLKOVO , board and portfolio senior lecturer at the founding organizations, was private/public Forbes spent 13 member at manager for MIT, serves on a partner of Stem a Senior managing organizations. years with the numerous entities in Fidelity number of public Capital Partners - an Partner of Belgian- British Linen Bank, Russia and abroad, Investments. and private independent direct Luxemburgian the Investment member of the company boards. investment office at McKinsey Bank subsidiary of Economic Advisory company. & Company. Bank of Scotland. Board at IFC. 7 Our Management Board Strong management team with 20+ years of financial services expertise Artak Hanesyan Gevorg Tarumyan Gagik Sahakyan ArmanArman BarseghyanBarseghyan ARTAK HANESYAN CEO, Chairman of CFO, DeputyDirector, General Legal, Director, Corporate Director,Director, Retail Management Board DirectorAmeriabank Banking BankingBanking Distinguished banker with More than 25 years of Around 10 years of Around 20 years of more than 25 years of experience in the financial experience in corporate experience in operations experience in the banking system and 20 years of banking and around 15 and retail banking system of Armenia. experience as CFO in years experience in management in banking commercial banks of RA. management advisory. system of Armenia. Andranik Barseghyan Tigran Jrbashyan Gohar Khachatryan Arthur Babayan Head, Risk Director, Development Management Center Chief Accountant Director, Trading Around 25 years of Around 30 years of Around 30 years of experience holding key More than 20 years of experience in financial research experience in experience in trading in institutions risk positions both in the management and private and international regulatory body of the various commercial banks organizations. banking system and in of Armenia. automation technologies. private bank 8 2019 Q1 Major Achievements Assets of AMD 776 B 1st Liabilities of AMD 683 B 1st absolute leader Loan Portfolio of AMD 534 B st per Q1 2019 results 1 Equity of AMD 93 B 1st Profit of AMD 3.1 B 1st Ameriabank was named the Best Bank in Armenia by EMEA Finance Magazine. Ameriabank and Citibank signed a new trade finance deal, with Ameriabank raising about $14 million loan from Citibank. Ameriabank and OeEB (the Development Bank of Austria) signed a loan agreement in the amount of USD 30 million, dedicated to financing small and medium sized enterprises (SMEs), as well as renewable energy and energy efficiency projects in Armenia. 9 Ameriabank at a Glance Armenia Macro Indicators Armenian Banking Sector Indicators Ameriabank Financial Results Ameriabank Strategy Highlights Annex 10 Armenia: country overview General Economy Ratings Government: parliamentary republic Currency: Armenian Dram (AMD) Moody’s: B1 (positive) Current PM: Nikol Pashinyan, since May 2018 Population: 3 mn Fitch: B+ (positive) GDP: 12.4 bln (2018, current $) Official language: Armenian GDP per capita: 4,188 (2018, current $) Ethnic groups: 98.1% Armenians, 1.2% Yazidis, Real GDP growth (2018): 5.2% 0.4% Russians, 0.3% other Average real GDP growth (2013-2018):3.8% GDP growth and inflation dynamics GDP Structure by production 7.5% 18.4% 20.4% 5.8% 5.2% 5.3% 13.7% 3.7% 5.7% 3.3% 3.6% 2.5% 6.6% 11.3% 3.2% 3.0% 7.9% 10.6% 0.2% 1.0% Industry 2013 2014 2015 2016 2017 2018 Agriculture, hunting, forestry and fishing Wholesale and retail trade; repair of motor vehicles, motorcycles -1.4% Taxes on products (minus subsidies) Real estate activities Construction Arts, entertainment and recreation GDP real growth, % Inflation, 12m YoY Financial and insurance activities Other 11 Armenia macro indicators AMD/USD (daily average) AMD/EUR (daily average) AMD/RUB (daily average) HIGHLIGHTS 591.8 487.1 8.5 485.7 553.4 8.3 481.5 517.4 7.4 . 1Q2019 EAI (GDP proxy) comprised 6.5%, lower by 3.9pp YoY. GDP for 1.2% 14.4% -6.5% 2.5% -12.9% Y2018 comprised 5.2%, which is the highest among peer countries. Jan - Mar Jan - Mar Jan - Mar Jan - Mar Jan - Mar Jan - Mar Jan - Mar Jan - Mar Jan - Mar 2017 2018 2019 2017 2018 2019 2017 2018 2019 . AMD/USD rate remained relatively stable over 1Q2019 as well. Current account (BOP)* Import and export . CBA international reserves slightly -0.24 -0.28 0.81 0.46 1.12 0.59 1.09 0.54 decreased mainly due to higher -1.13 trade deficit. bln USD bln bln USD bln -0.34 -0.54 -0.53 . Jan - Mar Jan - Mar Jan - Mar Remittances inflow volume increased by 9% YoY. Y2016 Y2017 Y2018 2017 2018 2019 Import Export Net export . 12-month CPI remained within CBA target range with a 3-month International Reserves Remittances** indicator of 1.5%. 14% 9% 2.23 313 358 391 2.15 USD mln bln USD bln 2.05 Jan - Mar Jan - Mar Jan - Mar 31-Mar-2017 31-Mar-2018 31-Mar-2019 2017 2018 2019 CPI (12m) Index of Economic Activity (IEA 12m) 103.3 101.5 110.4 99.7 106.7 106.5 Mar-2017 Mar-2018 Mar-2019 Mar-2017 Mar-2018 Mar-2019 Sources: Statistical Committee of Armenia, * Updated information is not available yet Central Bank of Armenia ** Remittances include total commercial and non-commercial transfers of physical persons through the banking system 12 Ameriabank at a Glance Armenia Macro Indicators Armenian Banking Sector Indicators Ameriabank Financial Results Ameriabank Strategy Highlights Annex 13 Armenian Banking Sector Highlights Assets Loans HIGHLIGHTS .
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