Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices

Investor Presentation 01 Ameriabank.am The Leading in Armenia 1 1st in the market by key financial indicators since 2015, offering a window onto the whole Armenian Economy

Omni channel Distribution Platform with Focus on Digital 2 92% offloading ratio*

Innovator and Trend Setter Superior customer service, proven leadership by culture and 3 values, doing business responsibly and promoting ESG culture in Investment the country, first Green Bond issuer in the country. Best in class Governance Practices Best practice corporate governance and unique culture, Highlights 4 professional and experienced management team

Robustness and Resilience with Significant Growth Potential Sustaining decent performance during challenging times, post- 5 pandemic accelerated growth and enhanced profitability.

Attractive Macro Fundamentals Emerging economy, with proven resilience towards crises and 6 external shocks, high average economic growth, low inflation and stable exchange rate.

Investor Presentation 02 Ameriabank.am * Share of transactions performed via distance and digital channels in total number of bank's transactions. The Leading Bank in Armenia

20 1,132 43 Overview

The largest in Armenia, offering corporate, investment and services. 654 151 3,106 1st in the market by key financial indicators: assets, liabilities, loans, deposits, profit and equity

Major contributor to Armenian banking sector development

Ongoing appreciation and quality recognitions by reputable global institutions Ratings Ownership Highest possible credit ratings within current sovereign rating Structure constraints. S&P EBRD B+ Long-Term 17.74% B Assets 15.2% Short-Term negative EPS Holding LTD Outlook 11.92% Loans 17.1% SACP bb- Imast Group (CY) LTD 48.9% Liabilities 15.6% ADB Bank deposits Ba3/NP 13.93% Equity 12.5% BCA B1 Ba3(cr)/NP Afeyan foundation for Net Profit 20.2% CRA Armenia inc. Outlook negative 7.51% Ameriabank Market Share

Investor Presentation 03 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices

Investor Presentation 04 Ameriabank.am 2021 Q1 Achievements

1st 1,010 B 1st 897 B 1st 692 B Liabilities Loans** leader per Assets 2021 Q1 results* 1st 114 B 1st 4 B Equity Profit

Global Finance Names Ameriabank the Best Bank and Best Investment Bank of the year 2021 in Armenia.

The offloading ratio reached 92% with online banking penetration rate at 48%.

Investor Presentation 05 Ameriabank.am * all amounts are in AMD ** net of impairment allowances and including TF Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices

Investor Presentation 06 Ameriabank.am Core Business Highlights Loan portfolio Loan portfolio breakdown • Increased share of retail and SME loans (50%) in line with the strategy to move to more universal 18% -1% Loans to banking model. 683 678 individuals 578 • 12% decrease of total deposits and bonds was due to and SME 233 234 outflow of several planned short-term large corporate 50% 178 31% 1% transactions.

• Retail deposits and bonds registered 5% growth in Q1 bln bln AMD 400 450 444 Loans to 2021. 13% -1% corporates • The Bank is the leader in the local corporate bond 50% market with 26% market share. 2019 2020 1Q2021

Corporate loans Retail loans

Corporate deposits & bonds Deposit & bonds Retail deposits & bonds

6% 5% 9% -12% 4% -30%

704 643 110% 616 342 340 105 330 306 38% 324 12% 50 8% 113 3 13 238 39 54 61 255 -3% 246 82 7% 88 3% 8% 15 254 -8% 0% 159 bln bln AMD 173 159 bln bln AMD 95 bln bln AMD 4% -1% -29% 245 241 -47% 338 352 19% 8% 249 129 93 111 120

2019 2020 1Q2021 2019 2020 1Q2021 2019 2020 1Q2021

Demand deposits Time deposits Bonds in local market Demand deposits Time deposits Bonds in local market Demand deposits Time deposits Bonds in local market

Investor Presentation 07 Ameriabank.am Assets & Liabilities Structure Assets Liabilities and equity Highlights 13% -7% . 7% and 9% decrease in total assets and liabilities 13% -7% in 1Q2021 is due to outflow of several planned 1,091 short-term large corporate transactions. 968 1,011 110 • Diversified balance-sheet structure with interest 101 114 earning assets to total assets at 80% and 1,091 8% 4% customer funds to total liabilities ratio at 69%.

968 1,011 bln AMD bln 867 981 897 • Maintaining exceptional sectorial diversification bln bln AMD of loan portfolio, with balanced exposure to all -9% 13% industries.

2019 2020 1Q2021 2019 2020 1Q2021 TOTAL LIABILITIES EQUITY

Loan portfolio structure by sector Structure of assets Structure of liabilities 4% 1% Wholesale trade 6% 4% 6% Finance and investment 3% Mining/Metallurgy 6% 2% Cash and cash Hotel service equivalent Demand deposits Construction 22% 5% Securities Agriculture, forestry and timber 17% 13% 2% Time deposits Food and beverage 7% 4% Retail trade Loans from IFIs Interbank loans Power generation 7% 4% and REPO Bonds 5% Real estate 28% Communication services Loans to Subordinated debt 6% customers Manufacturing 69% 28% Transportation Other liabilities 29% Other assets 6% Other 1% 15% Loans to retail customers

Investor Presentation 08 Ameriabank.am Corporate & Retail Banking

Corporate loans Trade finance and Leasing Retail loans

72% 3% -1% 13% 31% 233 1% 234 450 444 37 39 400 178 96 103 80 -2% 78 78 24% 6% 13 14 9% 22 73 37 121% 10% 36 3% 34%

6 11 11 27 bln AMD bln 354 bln AMD bln AMD bln 322 10% -4% 341 6% 0% 117 120 11 2% 154% 13 0% 13 78 49% 5 2019 2020 1Q2021 2019 2020 1Q2021 2019 2020 1Q2021

Large loans SME loans (Medium business) Balance sheet LC Factoring Finance lease Mortgages Retail business loans Consumer loans

Highlights

• Corporate loans slightly decreased in Q1 2021 while SME loans increased by 6%, which is in line with the strategy to move to more universal banking model. b • Trade Finance and Leasing portfolio recorded 3% growth due to significant AMD 444b AMD 234 increase in leasing portfolio in Q1 2021. corporate loans retail loans • Retail loan portfolio recorded 1% growth, with slight decrease only in consumer loans.

Investor Presentation 09 Ameriabank.am Loan Portfolio Quality

NPL (Stage 3) Coverage ratio (Stage 3) Highlights

• NPL ratio improved by 0.1pp. Previous YoY increase of 81% 80% 79% risk indicators was because of proactive and conservative approach and extra provisioning 4.2% 4.1% considering COVID-19 related uncertainty and possible negative impact. 2.9% • In Q1 2021 cost of credit risk shows reversion to its historical mean.

2019 2020 1Q2021 2019 2020 1Q2021

Cost of credit risk 4.1% 1.7% NPL Cost of credit risk 2.8%

1.7% 1.3% 80% Coverage ratio

2019 2020 1Q2021

Investor Presentation 10 Ameriabank.am Capital

Highlights Tier 1 Ratio Risk Weighted Assets

924,297 920,160 12.0% 12.0% • CBA decreased Tier 1 CAR threshold from 10% to 9%. 11.5% 759,973 • Additionally, Tier 2 limit was increased from 20% to 30% of Tier 1 capital.

• CBA has circulated draft amendment to harmonize regulatory requirements with that of Basel III. Subject changes may result in further easing of capital adequacy.

2019 2020 1Q2021 2019 2020 1Q2021

Capital Adequacy Ratios

14.7% 14.1% 13.6% 14.1% CAR

2019 2020 1Q2021

Investor Presentation 11 Ameriabank.am Funding & Liquidity

Sub-debts Attracted funds Highlights • The bank attracted USD 10M equivalent new 16% 15% 33% -56% subordinated debt in Q1 2021.

212 • Sub-debt portfolio decreased by 56%: USD 50M of 184 sub-debt was fully per CBA regulations 16 159 and was no longer included in Tier 2 capital 15 calculations. 13 18% 5% 48 bln bln AMD 195 169 146 36 16% 16% bln AMD 21

2019 2020 1Q2021 2019 2020 1Q2021 Loans from IFIs Loans from CBA*

Loans to deposits and borrowings ratio LCR (Liquidity Coverage Ratio) NSFR (Net Stable Funding Ratio)

178.3% 167.3% 84% 77% 131.6% 147.5% 72% 133.3% 115.6%

2019 2020 1Q2021 2019 2020 1Q2021 2019 2020 1Q2021

Investor Presentation 12 Ameriabank.am * Loans from State owned funds to support Armenia private sector (MSME) channeled through banking system. Income Interest income

12% 13% 9% 0% 15% 25% Highlights 18.1 16.1 • Net interest income registered YoY increase of 25%, 14.4 mainly due to significantly higher interest income, which is a result of loan book growth and increased 10.4 share of Retail and SME loans in total portfolio. 8.3 7.8 7.7 7.2 7.1 • Net interest margin increased by 0.4pp comprising bln AMD bln 5.3% mainly due to optimization of funding costs and increased share of Retail and SME loans in total portfolio.

Interest income Interest expense Net interest income • Net non interest income increased by 40% YoY 1Q2019 1Q2020 1Q2021 mainly due to higher income from commissions, fees and derivatives gains.

Non interest income

1% 26% 80% 8% -27% 40% NIM (Net Interest Margin) 3.5

2.7 2.8 2.0 2.1 5.3% 1.5 1.3 1.4

bln AMD bln 4.9% 4.9% 0.7

Non interest income Non interest expense Net non interest income 2019 2020 1Q2021 1Q2019 1Q2020 1Q2021

Investor Presentation 13 Ameriabank.am Efficiency & Profitability

Net profit Highlights

• Net profit increased by 33% YoY due to higher net -4% 33% interest and net non interest incomes.

CIR (Cost to Income ratio ) • Significant increase of net profit resulted in the improvement of the key performance ratios such as ROA and ROE which recorded 0.6pp and 5.7pp increase respectively. 4.0 42.0% bln AMD bln 3.1 3.0

36.0% 35.1%

1Q2019 1Q2020 1Q2021 2019 2020 1Q2021

ROA (Return on Assets ) ROE (Return on Equity )

14.2% 12.8% 8.5% 1.5% 1.5%

0.9%

2019 2020 1Q2021 2019 2020 1Q2021

Investor Presentation 14 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices

Investor Presentation 15 Ameriabank.am Strategic Objectives

Enhanced Absolute efficiency and Leadership outstanding position in performance Armenia

Drivers

Best experience: customer satisfaction and employee Digital happiness Diversification transformation

Investor Presentation 16 Ameriabank.am Mid-term Targets

Mid-term Actual target performance

ROE > 12% 14.2%

CIR < 40% 36%

Loan Book double Growth* digit 12.1%

Retail + SME Share > 40% 50%

Retail + SME > 15% 20.5% Growth*

NPL < 5% 4.1%

Investor Presentation 17 Ameriabank.am *YoY growth rates Omni Channel Distribution Platform with Focus on Digital

47% yoy yoy Omni-channel distribution platform, with 24% Internet Banking Users enhanced distance banking capabilities Internet Banking Transactions

11% yoy 55% yoy 0.4% Payment Terminal Transactions vPOS Transactions 8.1%

Branches

57.1% Internet banking Online banking penetration rate Offloading ratio* 34.4% Self service channels

Other

91% 92% 46% 48% 34% 82% 24% 77%

2018 2019 2020 2021 Q1 2018 2019 2020 2021 Q1

Investor Presentation 18 Ameriabank.am * Share of transactions performed via distance and digital channels in total number of bank's transactions. Omni Channel Distribution Platform with Focus on Digital

Fully automated scoring of which 50% of which 40% based online loans 58% implemented for 91%89% 66% consumer loans Share of scoring based loans in total Share of web based Share of scoring loans in total Share of web based number of consumer loans scoring loans volume of consumer loans based scoring loans

Fully automated of which 28% of which 26% scoring based online 78% 56%76% loans implemented 68% for SME loans

Share of SME scoring loans in Share of web based SME Share of SME scoring loans in Share of web based SME total number of business loans scoring loans total volume of business loans scoring loans mn mn

Investor Presentation 19 Ameriabank.am Innovator & Trend Setter

Current Progress mid term targets

Best customer experience and high NPS 73% NPS satisfaction scores CEI* 9.5 CEI

launching ecosystems ecosystems market Online market • car market penetration rate • mortgage market 50% platforms/ecosystems • SME ecosystem

234mn allocated in 2020 best practice international for CSR purposes ESG standards Doing business support to refugees, responsibly and giving infrastructure projects, Sustainability reporting back to community programs, community Green bonds issuance development programs

Investor Presentation * Client Experience Index with max possible value of 10 20 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices: External Environment

Investor Presentation 21 Ameriabank.am Armenia Country Overview General High Average GDP Growth & Low Inflation 2013-2020 GDP: 12.6 bln (2020, current $) GDP per capita: 4,270 (2020, current $) 5.8% 7.5% 7.6% 5.20% 3.6% 3.7% 5.2% : Ba3 (stable) 2.5% 1.4% 1.2% 3.3% 3.2% 0.2% Fitch: B+ (stable) 3.0% 1.0% -1.4% -2% -7.6% 2013 2014 2015 2016 2017 2018 2019 2020 Well Diversified Economy GDP Structure by production* GDP real growth, % Inflation, 12m YoY Real GDP growth indicator of 2021 Q1 is not available yet. EAI (proxy of GDP growth) is taken.

360 Agriculture, forestry and fishing

21.2% 11.7% Wholesale and retail trade 320

10.8% Manufacturing2 280 Net Taxes on products 6.7% 240 Real estate activities 200 5.1% 19.6% Construction3

6.8% Arts, entertainment and recreation 160 7.1% 10.9% Financial and insurance activities 120 Other 80 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21

AMD RUB KZT AZN GEL TRY

Investor Presentation **daily rate changes with 2014 January as basis. 22 Ameriabank.am *most recent 4 quarters, as of Q4 2020 Source: Bloomberg Armenia Macro Indicators

AMD/USD (daily average) AMD/EUR (daily average) AMD/RUB (daily average) 524.3 Highlights 632.2 7.4 7.3 7.0 487.1 482.3 553.4 532.0 -1.0% 8.7% -3.9% 18.8% -1.4% -3.2% • EAI (GDP growth proxy) for Q1 2021 comprised -2.0%, 6.1pp lower compared to the same Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar period of the previous year. MoM growth 2019 2020 2021 2019 2020 2021 2019 2020 2021 comprised 9.6% in March 2021 with the highest increase registered in Construction Current account (BOP)* Import and export sector (23.5%). 0.54 0.54 0.57 0.05 1.09 1.02 0.94 • 12-month cumulative CPI comprised 5.2% in -0.27 -0.53 Q1 2021 vs previous -0.1%. bln USD bln -0.54 -0.48 -0.36

bln USD bln • Armenian dram depreciated against US dollar Jan-Mar 2019 Jan-Mar 2020 Jan-Mar 2021 4Q2018 4Q2019 4Q2020 by 1.6% as at end of March 2021 vs YE 2020. Import Export Net export Still, exchange rate fluctuations have been within 1-2% range during the last 5 years with International Reserves Remittances*** AMD being the most stable currency in the region. -9% 4% 20% • Current account deficit improved as of 2020 16% 3.00 259

2.15 2.58 246 mlnUSD bln USD bln 236 year-end. Jan - Feb Jan - Feb 2020 Jan-Feb 2021 31-Mar-2019 31-Mar-2020 31-Mar-2020** • Remittances increased by 4% YoY for Q1 2021 2019 vs the 9% drop of previous year. CPI (12m) Economic Activity Index (IEA 12m) 105.2 106.2 101.5 104.1 99.9 98.0

Source: Statistical Committee of Armenia, Central Bank of Armenia Mar-2019 Mar-2020 Mar-2021 Mar-2019 Mar-2020 Mar-2021

Investor Presentation *Updated information is not available yet. 23 Ameriabank.am **Data are preliminary. The CBA closing entries are not included. ***Remittances include total commercial and non-commercial transfers of physical persons through the banking system. Armenian Banking Sector Highlights Top 5 by assets (AMD B)

15.2% Highlights 14.4% 13.5% 1,011 956 898 • Banking system assets and loans totaled AMD 6,659 B and AMD 4,053 B respectively. 7.4% 493 5.7% • A competitive market, with top five banks 380 representing 56.1% and 61.7% of the total banking system assets and loans respectively. • The top three banks account for 43.1% of the total assets and 48.0% of total loans.

Top 5 banks by loans* (AMD B)

17.1% 15.5% 15.4% 692 629 625

8.0% 325 5.7% 230

Investor Presentation *net of impairment allowances 24 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices: Historic Milestone

Investor Presentation 25 Ameriabank.am 1998 From advisory to banking Our Road to Success Ameria Advisory was founded by a group of young repatriated professionals 2000-2006 Ameria became a GROUP of companies with expanded business lines: Legal and Tax Advisory, Business Advisory, , Asset 2007 Management 1st bank acquisition deal in RA: acquired shares of one of the oldest yet smallest banks in RA

2008-2009 rebranded to Ameriabank. Unprecedented growth amid global crisis 2010 1st banking merger deal in RA: Ameriabank and Cascade bank signed merger deal.

2011-2014 Became the leading bank in RA. Strategic decision to become a universal bank, significantly increasing Retail Banking share 2015 USD 30mln equity investment by EBRD.* USD 50mln sub debt from IFC.* 1st published international credit rating (B+ rating with Stable Outlook by Fitch) 2017-2019 Absolute leader in RA by key financial indicators USD 30mln equity investment by ADB in early 2018** Ba3 rating B+ rating with stable outlook by S&P 2020 1st Green Bond issuer in RA: issued EUR 42 mn Green Bond Assets exceeding AMD 1 trillion Investor Presentation * The largest in its kind deal with a FI in Armenia 26 Ameriabank.am ** the first equity investment of ADB in Armenia Our Shareholders

2007-2013 2015 2016 2018 2020

Equity investment EBRD became ESPS Holding ADB made its first Afeyan Foundation for from Diaspora the first Limited has been equity investment Armenia Inc. became investors to purchase international established for in Republic of a direct shareholder of a local bank, as institution to holding shares of Armenia, joining Ameriabank cjsc in AmeriaGroup (CY) become a the result of Ltd became the shareholder management shareholders with redemption of 100% shareholder of with team vested by another USD 30 corresponding shares Ameriabank CJSC investment of the Employee mn investment in Ameria Group (CY) USD 30 mn Share Ownership Ltd. Plan.

EBRD 17.74% EBRD 17.8% ESPS Holding Ltd Ameria Ameria Ameria Ameria Imast Group 11.92% Group (CY) Group (CY) Group (CY) Group (CY) (CY) Ltd * Ltd 100% Ltd 79.3% Ltd 56.5% Ltd 65.8% ESPS 48.9% EBRD EBRD Holding 20.7% 20.7% ADB Ltd 11.7% 13.93% ESPS ADB Afeyan Foundation Holding Ltd 14.0% 11.83% for Armenia Inc. 7.51%

Investor Presentation 27 Ameriabank.am * Ameria Group (CY) Ltd was renamed to Imast Group (CY) Ltd Recognition & Honors for Achievements

Best Bank in Armenia

Numerous awards and recognitions from global institutions, agencies and IFIs in trade finance, investment banking, capital markets and custody 2021, 2020, 2017, 2016, 2019, 2018, 2017, 2016, 2020, 2019, 2017, 2016, services. 2015, 2014, 2013 , 2012 2014, 2012, 2011 2015, 2013, 2010

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Investor Presentation 28 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices: Corporate Governance

Investor Presentation 29 Ameriabank.am Unique corporate culture driven by a flat organization and a 1 fully merit based compensation structure

One of the most professional and talented teams in the local 2 market Strong Team Fully functioning Board committees as per international best & Corporate 3 practice of public companies Culture Most experienced and internationally accomplished board 4 members in the market

5 Best practice corporate governance and principles

Investor Presentation 30 Ameriabank.am Board of Directors

Andrew Lindsay M. Philip Robert von Richard P. Kak aber Tigran Mkrtchyan Forbes Lynch Rekowsky Ogdon Kiknavelidze Davtyan Chairman of the Board Non-executive Board Non-executive Non-executive Non-executive Non-executive Non-executive Member Independent Board Independent Board Independent Board Independent Board Independent Board Member Member Member Member Member

Over 25 years of Over 35 years of Over 30 years of Around 30 years of More than 30 years More than 25 years of About 30 years of experience in experience in experience in finance, experience in global of experience in the experience in experience in the investment and commercial and including more than asset management, financial sector, commercial and financial system, management investment banking, 20 years with Lehman specialized in with senior investment banking, with senior advisory by standing including more than Brothers in senior emerging markets positions in has been a long time executive positions at the roots of 20 years with positions. Was CEO of funds, a former vice- investment banks, NED and later CEO of at the commercial investment banking European Bank of Middle East, Asia president at asset management Bank of Georgia banks, of which establishment in Reconstruction and Pacific and Africa Emerging Markets and advisory Group, the leading more than 8 years Armenia, board Development (EBRD). business at Nomura, is Strategy and companies (UBS financial institution in as CEO. Held senior member in a number Before joining EBRD, currently the founding portfolio manager Warburg, Uralsib Georgia. Held positions at the of private/public Mr. Forbes spent 13 partner of Stem Capital for Fidelity and other Fis), executive and top Central Bank of organizations. years with the British Partners - an Investments. serves as the CEO of managerial positions Armenia and Linen Bank, the independent direct TRDATA software at UBS, Rioni Capital Eurasian Economic Investment Bank investment company. company. and other FIs. Commission subsidiary of Bank of Scotland.

Investor Presentation 31 Ameriabank.am Board committees

Corporate Governance & Nomination Remuneration Audit Committee Committee Committee Risk Committee

Lindsay Forbes head member

Robert von Rekowsky member head

Richard Ogdon member head

Kakhaber Kiknavelidze head member

Tigran Davtyan member member

Philip Lynch member member

Andrew Mkrtchyan

Investor Presentation 32 Ameriabank.am Management Board

Artak Gevorg Gagik Arman Armine Andranik Gohar Hanesyan Tarumyan Sahakyan Barseghyan Ghazaryan Barseghyan Khachatryan CEO, Chairman of the Deputy CEO, CFO CIB Director Retail Banking Director Chief People and Risk Management Chief Accountant Management Board Services Officer Director

A distinguished banker Over 25 years of Around 10 years of A proven career track Around 20 years of Around 25 years of Around 30 years of with more than 25 experience in the experience in corporate of more than 20 years experience in the experience in financial experience in years of experience in banking system of banking and around 15 in retail banking, of banking sector of accounting holding the banking system of Armenia, including years experience in which around 15 years Armenia, of which management and key positions both at Armenia. Has been the around 20 years of management advisory. at HSBC bank Armenia. around 15 years in automation the Central Bank of CEO of Ameriabank experience serving as Starting his career at Mr. Barseghyan joined human resources technologies. Mr. Armenia and private since 2008. Before CFO both in local Ameria and leading Ameriabank as Retail management (HRM). Barseghyan has been banks, of which more that Mr. Hanesyan banks and global Ameria advisory services Banking Director in Mrs. Ghazaryan had heading than 10 years as the held key positions in banks represented in he later moved to 2012. been heading Risk Management chief accountant of the banking sector of Armenia. Has been the corporate banking and HRM Center since 2009. Ameriabank. Armenia, including CFO of Ameriabank has been heading the unit since 2008, prior positions of CEO and since 2012. business line since 2010. to becoming CPSO in deputy CEO. 2019.

Investor Presentation 33 Ameriabank.am Ameriabank at a Glance

2021 Q1 Snapshot

2021 Q1 Financial Results

Strategy Highlights

Appendices: Financial Performance Details

Investor Presentation 34 Ameriabank.am Balance Sheet thous AMD

ITEMS 1Q2021 2020

Cash and cash equivalents 168,064,535 233,241,832

Financial instruments at fair value through profit or loss 8,810,491 9,476,566

Available-for-sale financial assets 12,113,105 11,208,001

Money market short-term disbursements 44,537,399 55,047,101

Loans and advances to customers 692,334,259 696,495,523

Held-to-maturity investments 51,135,633 51,537,293

Property, equipment and intangible assets 21,886,471 21,384,427

Other assets 11,623,102 12,250,981

Total assets 1,010,504,995 1,090,641,724 Financial liabilities at fair value through profit or loss 270,186 504,412

Liabilities to banks 75,479,190 75,851,426

Current accounts and deposits from customers 503,055,404 598,839,667

Other borrowed funds 159,975,151 128,907,362

Sub-debt 21,405,063 48,416,832

Other liabilities 136,514,351 128,416,423

Total liabilities 896,699,345 980,936,122 Share capital and premium 54,560,661 54,452,244

Revaluation Reserve 58,447 32,878

Retained earnings 59,186,542 55,220,480

Equity 113,805,650 109,705,602

Investor Presentation 35 Ameriabank.am *net of impairment allowances Profit & loss

thous AMD

ITEMS 1Q2021 1Q2020

Net interest income 10,407,821 8,348,921

Net fee and commission income 1,163,427 775,230 Net profit/loss from trading operations 1,469,317 1,130,506

Other operating income (expenses) (524,917) (401,650)

Operating income 12,515,648 9,853,008 Impairment losses (3,083,769) (2,725,585)

Personnel expenses (2,908,162) (1,768,381)

Total administrative expenses (1,597,487) (1,684,966)

Profit/ (loss) before tax 4,926,229 3,674,075 Profit tax (960,167) (691,377)

Net profit/ (loss) 3,966,062 2,982,698

Investor Presentation 36 Ameriabank.am CBA prudential standards

ITEMS 2019 2020 1Q2021 CBA requirement Violations

Minimum statutory fund (in '000 AMD) 37,347,200 37,386,880 37,426,880 50,000 No violation

Minimum total capital (in '000 AMD) 115,150,056 129,123,968 134,437,187 30,000,000 No violation

S12_Total capital to risk weighted assets 0 0 0 0 No violation

S21_High liquid assets / Total assets 0 0 0 0 No violation

S211_High liquid assets of first group of currency / Total assets of first group of currency 0 0 0 0 No violation

S22_High liquid assets/ Demand liabilities 1 1 1 1 No violation

S221_ High liquid assets of first group of currency / Demand liabilities of first group of currency 1 1 1 0 No violation

S31_Maximum risk on a single borrower 0 0 0 0 No violation

S32_Maximum risk on large-scale borrowers 2 2 2 5 No violation

S41_Maximum risk on bank related person 0 0 0 0 No violation

S42_Maximum risk on all bank related persons 0 0 0 0 No violation

Minimum requirement for obligatory reserves allocated with RA CBA: 2% AMD X X X No violation 18% Currency

Maximum risk of currency position / Total capital of the bank 0.1% 0% 0% 10% No violation

Maximum risk of separate currency positions / Total capital of the bank: -2.51% -3.84% -3.08% USD -1.07% -1.06% -1.17% EUR 7% No violation 0.04% 0.00% -0.03% RUB X X X other

Investor Presentation 37 Ameriabank.am FX Exposure

Currency structure of loan portfolio Currency structure of deposits

EUR EUR 19% 14% Other 2%

USD AMD 49% USD 32% AMD 52% 32%

Investor Presentation 38 Ameriabank.am Income Structure

Interest income structure Interest expense structure Non Interest Income structure Net fee and commission income structure

Due to customers FX Loans and Securities 65% income Account advances to 7% Fee and 36% service customers 19% 91% Money commission maintenance market income 53% 1% 45%

Other Fines and Guarantee 1% Due to IFI penalties and LCs 21% 8% 13% Due to Other Other Derivatives Money CBA/banks 6% 9% 2% transfers 8% 15%

Investor Presentation 39 Ameriabank.am P&L Structure

Profit & loss

Net profit margin 42% Admin expenses Structure of admin expenses EBT margin 52% Rent -11% 30% Depreciation 3% 18% Marketing, Rep. - 0.35- - blnAMD 0.97 - - costs and CSR 2.95 3% 0.14- - 5.66 0.58 - Maintenance, 0.83 - communication 9.43 0.96 4.5

bln AMD bln 3.9 and utility cost - 3.5 4.93 4% 3.97 3.15 Personnel Other - - - - expenses and 7% OP OP OP Other Total OP HR Mark & Admin Dep & EBT Taxes NET 1Q2019 1Q2020 1Q2021 CIB RB TD PR exp amor PROFIT Trainings 65%

Investor Presentation 40 Ameriabank.am Disclaimer

The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. Neither Ameriabank CJSC, nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute any offer and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

This presentation may contain forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Ameriabank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.

Investor Presentation Copies of this document are readily available upon request or can be downloaded from 41 Ameriabank.am www.ameriabank.am/ir. Shushanik Hovsepyan Head of Investor Relations

E-mail: [email protected] Tel: + 374 10 561111 Web: www.ameriabank.am/ir Address: 2 V. Sargsyan street, Yerevan, 0010, RA

Investor Presentation 42 Ameriabank.am