Investors Presentation as of 31.12.2014 Ameria Group at a glance Professional advisory and banking services unified by high-level expertise and professional dedication CORPORATE, RETAIL AND INVESTMENT BANKING ADVISORY ASSET MANAGEMENT PROPERTY DEVELOPMENT Universal bank with The leader in the market of One of the first investment Company providing real integrated corporate, retail professional advisory services companies in Armenia, estate development and and investment banking of Armenia (since 1998) providing client tailored asset management services (since services (founded in 1910 as a management solutions (since 2010) branch of Caucasian Trade 2001) Bank) Mission and values Towards excellence and diversity OUR MISSION OUR VALUES Bringing leadership and dynamic development in Armenia and the region as a financial and advisory Client-oriented approach and superior service group committed to long-term dynamic economic quality development Being a client-oriented and reliable partner Trust and satisfaction of our clients Delivering innovations based on the best practice in Principles of business ethics and information financial and advisory services, business processes transparency Building a Dream Team of qualified, motivated and High level of professionalism and team spirit efficient staff 3 Our Partners and Directors Names talk for themselves Andrew Mkrtchyan 19 years of experience in investment and management advisory by Chairman of the Board standing at the roots of investment banking establishment in Armenia, (CEO, Ameria Group) board member in a number of private/public organizations. Prominent investment banker with more than 21 years of experience, key Ruben Vardanian figure in Russia’s capital markets establishment, a Founding Partner of Board Member Moscow School of Management SKOLKOVO , board member at numerous (Chairman of the Board, entities in Russia and abroad, member of the Economic Advisory Board at IDEA Foundation) the IFC, the private-sector arm of the World Bank Group. Noubar Afeyan More than 25 years of experience in venture capital management (co- PhD Board Member founder of more than 24 life science /high-tech startups) and lecturing at (MP/CEO, Flagship Ventures) MIT, serves on a number of public and private company boards. Robert von Rekowsky 26 years of experience in global asset management and portfolio Independent Board Member management experience, board member in a number of private/public (VP, Emerging Mkt Strategy, organizations. Fidelity Investments) Gor Nakhapetyan Board Member More than 20 years of experience in managing one of the largest (Dean's Advisor, Moscow investment companies of Russia, member of the Supervisory board of School of Management Multimedia Art Museum. SKOLKOVO) 4 Our Partners and Directors Names talk for themselves Artak Hanesyan Distinguished banker with more than 20 years of experience in banking CEO, Chairman of Management system of Armenia. Board, Ameriabank Gevorg Tarumyan More than 18 years of experience in financial management and 13 years CFO, Deputy General of experience as CFO in commercial banks of Armenia. Director, Ameria Group David Sargsyan More than 14 years of experience in legal practice specialized in Director, Legal, corporate, securities, banking and civil law. Ameria Group Arthur Andreasyan Director, Compliance, 20 years of experience in the field of accounting, audit and tax. Ameria Group Gagik Sahakyan More than 5 years of experience in corporate banking and more than 15 Director, Corporate years experience in management advisory in a number of private and Banking, Ameriabank international organizations. 5 Our Partners and Directors Names talk for themselves Tigran Jrbashyan More than 20 years of research experience in private and international Director, Development, organizations, author of books and over 130 scientific articles and publications. Ameria Group Arman Barseghyan Director, Retail Banking, More than 15 years of experience in operations and retail banking management Ameriabank in banking system of Armenia. Arno Mosikyan More than 11 years of experience in IB, advisory, portfolio management and risk Director, Investment Banking, management from big four advisory companies and Investment Banks. Ameriabank Arthur Babayan More than 15 years of experience in trading in various commercial banks of Director, Trading, Ameriabank Armenia. Burastan Movsisyan More than 18 years of experience in managerial positions in various areas of CTSO, Ameria Group telecommunication industry, more than 10 years as a top manager in sales and customer care. Samvel Aghababyan 16 years of experience in security systems of state and commercial Head, Security, Ameria Group organizations. 6 Our Team: Who we are Dedicated team of more than 600 professionals Historic milestones More than 100 years of expertise in the financial market YEAR EVENT 1910 Erivan Branch of Caucasian Trade Bank founded 1921 The Communal Bank of Armenia Incorporated 1964 Stroibank USSR Incorporated 1975 Vneshtorgbank USSR (Bank for Foreign Trade) Incorporated 1992 Registered by the Central Bank of Armenia as Armimpexbank CJSC Became a joint-stock bank with foreign equity participation: the majority 1995 interest was acquired by Computron Industries Establishment 8 Historic milestones More than 100 years of expertise in the financial market YEAR EVENT 1998 Ameria CJSC was founded 2001 Ameria Asset Management CJSC was founded Majority interest of Armimpexbank (since 1910 as Erivan Branch of Caucasian Trade Bank, 1921 - The Communal Bank of Armenia incorporated, 1964 - Stroibank USSR incorporated, 1975 - Vneshtorgbank USSR 2007 incorporated, 1988 – Armenia Branch of Vnesheconombank USSR, 1992 - Registered by the Central Bank of Armenia as Armimpexbank CJSC ) acquired by TDA Holdings Limited, affiliated with the leading Russian investment group, Troika Dialog Armimpexbank CJSC renamed into Ameriabank CJSC 2008 Increases the statutory fund of Ameriabank CJSC by 53.1 million USD bringing it up to 59.3 million USD Ameria Equity Partners CJSC founded 2009 Building of Ameria Group: development of uniform ideology and strategic development directions, implementation of uniform staff evaluation system Prodeco CJSC, which was formed in 2007, became a member of Ameria Group 2010 Acquisition of Cascade Bank, first and unique experience in M&A in Armenian financial market Opening of Ameria Premium Hall and launch of Premium client service Ameria Group Inc., a representative office of the Group, launched in California, USA 2011 Branch network expanded in Yerevan and marzes. 9 Recent Achievements: At a Glance Market Position Recent Achievements Absolute leader in the market of 21 . Expansion of the Bank infrastructure operating Banks per 2014 annual results! . Facilitation of corporate governance best practice . Acknowledgement and recognition international awards . Fundraising efforts by partner IFIs 1st by Assets 2015 Best Trade Finance Bank in Armenia by Global 1st by Liabilities Finance Magazine The Best Bank of 2014 in Armenia by Euromoney 1st by Loan Portfolio “Deal of the Year 2013” award by EBRD 1st by Clients Deposits and Accounts PRODECO cjsc: Group real estate management 1st by Net Profit company has successfully raised $18mln long term senior debt from IFC & DEG to develop the 1st ROAE: 18.6% green A-class business center in Armenia to be delivered in late 2016 Joint lead underwriter and market maker of IFC’s, EBRD’s local currency bonds on Nasdaq OMX Armenia USD 40 million loan facility with FMO, EBRD, BSTDB Christmas charity auction (details in slide 24) 10 Recent Achievements: At a Glance Major Achievements Ameriabank and FMO have signed an unprecedented USD 20mln convertible subordinated debt facility agreement 1st convertible subordinate debt transaction between an IFI and a local bank in the financial market of Armenia FMO and Ameriabank cooperation dates back to 2009 This unparalleled transaction allows FMO to become a shareholder upon conversion As a shareholder upon conversion, FMO will support the Bank en route of opening up the institution for global capital markets in the mid-term perspective. 11 Key strengths Building the future today Cutting edge Huge financial Growing market Highly qualified technology opportunities trust HR Unparalleled investments in IT Wide range of Leading team of western Proven high quality of platforms financial/banking educated experienced risk management and technological services and products professionals innovations Customer relationship Large total capital, which ISO 9001:2008 Certificate Ongoing training, management (CRM) gives vast opportunities issued by TÜV Rheinland coaching and staff automated system of financing Germany development Expertise in major Leading the rankings by Well set partnership with Commitment to the best practice areas across assets, liabilities and research companies and common practice in more than 30 public and capital independent consultants corporate governance industry sectors 12 Range of services Individualized banking and advisory services tailored for your specific needs CORPORATE BANKING RETAIL BANKING INVESTMENT BANKING ADVISORY Lending Consumer lending M&A Legal services Trade financing Mortgage Corporate finance Business advisory Financial lease Car loans Capital markets Financial advisory Credit cards (Visa, Assurance and Factoring Direct investment MC, ArCa) audit Asset Accounting and Project financing Deposit products management tax services Salary projects Metal accounts Brokerage HR consulting Investment