Commercial banks of Uzbekistan

Transcription

1 Commercial banks of Uzbekistan August 10, 2005 JETRO Tashkent office Copyright 2005 JETRO

2 Content Part 1 Overview of Banking System... 3 Total table: Business information... 4 Total table: Staff information... 8 Total table: Service charges...10 Total table: Owners...12 Total table: Clients...15 Part 2 1. National Bank for Foreign Economic Activity of Uzbekistan State Joint-Stock Commercial bank "ASAKA Bank" State Commercial "Uzbekiston Respublikasi Xalq banki" UzDaewoo bank ABN AMRO Bank N.B.Uzbekistan A.O Branch Bank "Saderat Iran" Uzbek-Turkish bank (UT bank) Uzbek International Bank "UzPrivatBank" Joint-Stock Commercial Pakhta Bank Joint Stock Commercial "IpotekaBank" Joint-Stock Commercial "UzSanoatQurilishBank" Republican Joint-Stock Commercial Bank Gallabank Joint Stock Commercial Bank "Hamkorbank" Joint Stock Commercial Bank "Tadbirkor bank" Joint Stock Innovation Commercial Bank "Ipak yuli bank" Joint Stock Commercial Bank for promotion of trade & commerce "Savdogar bank" Joint Stock Commercial Bank "Aloqabank" Joint Stock Commercial "Turon bank" Joint Stock Exchange Bank "Trustbank" Joint-Stock Commercial "Kapital Bank" Private Joint Stock Commercial Credit-standard bank Private Joint Stock Commercial Bank "Alp-Jamol bank" Private Joint Stock Commercial Bank "Parvina - Bank" Private Joint Stock Commercial "Universalbank" Private Joint Stock Commercial Bank "Ravnak-Bank" Private Joint Stock Commercial "Samarkand bank" Private Joint Stock Commercial "Turkiston bank" Private Joint Stock Commercial Bank "Davr bank" Private Joint Stock Commercial "Uktambank"...77 Page 2 of 78

3 Commercial banks of Uzbekistan The paper gives general information about Uzbek banks, their financial performance, management and staff, service charges as well as clients and owners. Information is provided in two parts. The first part is 5 total tables, in which shown all banks. In total tables banks are presented in tables named as: Business information, Staff, Service charges, Owners and Clients. Banks in total tables sorted by owners (state, with foreign capital, joint-stock, private banks). At the second part data shows separate profile of every bank in such tables: Table A. General information, Table B. Business information, Table C. Staff, Table D. Service charges, Table E. Owners, and Table F. Clients. Overview of Banking System The Uzbek banking sector appeared to arrive in 1990 after independence of the Republic of Uzbekistan. Now it consists of two levels, one is the Central Bank of the Republic of Uzbekistan (Central Bank) wielding control over a range of commercial banks and the second consists of commercial banks. The Central Bank is in charge of establishing national monetary policy, issuing currency, and operating of national payment system. Currently the second level of banking system consists of 29 commercial banks, including 3 state-owned banks. Although these three banks are state their main goal is profit and government participate at banks capital as shareholder. Two of them (National Bank for Foreign Economic Activity of Uzbekistan and State Jointstock Commercial Asaka Bank) own about 70% of total Uzbek banks assets and both of them to be privatized during years. Nowadays banking system of Uzbekistan is progressively changing. There were 32 commercial banks at the end of Currently their number has decreased to 29 due to the merger of Zamin Bank with UzUyJoyJamgarmaBank and Kapital bank with AviaBank and closure of Business Bank. The information herein has been obtained from public sources, banks or their websites. Yet JETRO makes no representation as to the accuracy or completeness of such information. JETRO is neither liable for any losses, damages led by using of the information contained in this paper. Information in this paper constitutes conditions as of the date of this paper or shown date. This paper is released for informational purposes only. It is not to be construed as an offer to buy or sell or a solicitation of an offer or to participate in any particular trading strategy in any jurisdiction. Data described in this paper may not be suitable for all companies and companies must make their own decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives. Copyright 2005 JETRO This paper was prepared by Mr. Baratov, senior coordinator of JETRO Tashkent. If you have any comments please refer to info@jetro.uz Page 3 of 78

4 Total table: Business information Business information # Bank name Establish ed Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) profitability Reliabili ty Liquidity Bank group , , % 1 National Bank for Foreign Economic Activity of Uzbekistan , , % , , % % 2 State Joint-Stock Commercial bank "ASAKA Bank" % % State banks % 76% 3 State Commercial "Halq bank" (Peoples bank) % 69% % 4 Uzdaewoo bank % % % 5 ABN AMRO Bank N.B.Uzbekistan A.O % 47.5% % 6 Branch Bank "Saderat Iran" % % Foreign banks % 7 Uzbek-Turkish bank (UT) % % Uzbek International Bank "Uzprivatbank" % % Page 4 of 78

5 # Bank name Establish ed Year Capital Business information Net profit Credit portfolio Bad debts (% from general credit portfolio) profitability Reliabili ty Liquidity Bank group 9 Joint-Stock Commercial Pakhta Bank (Bank name means: Cotton) % 4.60% 33.30% 65.90% % 5.90% 27.80% 67.00% % 5.00% 25.70% 68.70% 10 Joint Stock Bank "IpotekaBank" (Bank name means: Mortgage) Founded in April 2005 in result of merging UzJilSberBank & ZaminBank Apr % 11 Joint-Stock Commercial "UzSanoatQurilishBan k" (Bank name means: Industrial and Construction Bank of Uzbekistan) % 3.4% 83.5% % 3.0% 54.6% 85.7% % 2.3% 54.3% 80.7% Republican Joint- Stock Commercial Bank «Gallabank» (Bank name means: Grain) Joint Stock Commercial Bank "Hamkorbank" (Bank name means: Partner) % 28.0% 74.0% % 22.0% 62.0% % 31.0% 75.0% % % % Joint stock banks 14 Joint Stock Commercial Bank "Tadbirkor bank" (Bank name means: Entrepreneur) % % % 15 Joint Stock Innovation Commercial Bank "Ipak yuli bank" (Bank name means: Silk road ) % % % 16 Joint Stock Commercial Bank for promotion of trade & commerce "Savdogar bank" (Bank name means: Trader) % % % Page 5 of 78

6 Business information # Bank name Establish ed Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) profitability Reliabili ty Liquidity Bank group 17 Joint Stock Commercial Bank "Aloqabank" (Bank name means: Communication) % % % % Joint Stock Commercial "Turon bank" Joint Stock Exchange Bank "Trustbank" % % % -3.16% 38.60% 71.40% % 1.28% 34.00% 72.30% Joint stock banks % -0.59% 29.70% 54.90% 20 Joint-Stock Commercial "Kapital Bank" Founded in 2001, in Feb 2005 merged with AviaBank % % % Private Joint Stock Commercial Creditstandard bank % % % 22 Private Joint Stock Commercial Bank "Alp-jamol bank" % % 23 Private Joint Stock Commercial Bank "Parvina - Bank" % % % 27.26% 38.40% Private banks % 24 Private Joint Stock Commercial "Universalbank" % % 25 Private Joint Stock Commercial Bank "Ravnak-Bank (Bank name means: Development) % 24.00% 65.70% % 20.10% 53.50% % 0.55% 7.40% 80.00% Page 6 of 78

7 Business information # Bank name Establish ed Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) profitability Reliabili ty Liquidity Bank group Private Joint Stock Commercial "Samarkand bank" % % % 27 Private Joint Stock Commercial "Turkiston bank" % % Private banks 28 Private Joint Stock Commercial Bank "Davr bank" (Bank name means: Epoch) Private Joint Stock Commercial "Uktambank" (Bank name is the name of founder Uktam) Page 7 of 78

8 Total table: Staff information # Staff information Bank Total number of employees (thousand) Management Position Name Previous job: Bank group 1 National Bank for Foreign Economic Аctivity of Uzbekistan (NBU) 6.1 Chairman of the board Mr. Tashmuradov Sh. Deputy of the Chairman of Central Bank of Uzbekistan First Deputy Mr. Gulyamov R. Deputy of the Chairman of Central Bank of Uzbekistan Deputy Mr. Nurullaev B. Zamin Bank Deputy Mr. Khidirov Y. Central Bank of Uzbekistan 2 State Joint-Stock Commercial bank "ASAKA Bank" 1.9 Deputy Mr. Bazarov T. Army forces Chairman of the board Mr. Juraev Cabinet of Ministers of Uzbekistan First Deputy Mr. Oripov K. Central Bank of Uzbekistan State banks Deputy Mr. Mirbabaev B. Central Bank of Uzbekistan 3 State Commercial "Halq bank" (Bank name means: Peoples bank) 10.8 Chairman of the Mr. Jumageldiev M. board First Deputy Mr. Haidarov A. Central Bank of Uzbekistan 4 Uzdaewoo bank 0.05 Chairman of the board Mr. Jung Myung Djang (South Korea) Deputy Mr. Turgunov N. 5 ABN AMRO Bank N.B.Uzbekistan A.O. Chairman of the board Mr. Minderhaud (Netherlands) 0.07 Deputy Mr. Saumya S. (India) 6 Branch Bank "Saderat 0.03 Iran" 7 Uzbek-Turkish bank (UTbank) Uzbek International Bank "Uzprivatbank" Deputy Mr. Gulyamov R. Central Bank of Uzbekistan Chairman of the Mr. Hanni I. (Iran) board Chairman of the Mr. Gun M. (Turkey) board First Deputy Nuritdinov K. Chairman of the board Mr. Ergashev A. (Uzbekistan) First Deputy Mr. Usmanov E. Foreign banks 9 Joint-Stock Commercial Pakhta Bank (Bank name means: Cotton) 7.5 Chairman of the board Mr. Boymuratov A. Head of the Secretariat of the Prime- Minister Deputy Mr. Sharipov I. Head of Pakhta Bank branch in Jizzak Deputy Mr. Tangirberdiev O. Director of the Risks Management Center 10 Joint Stock Bank "IpotekaBank" (Bank name means: Mortgage) 11 Joint-Stock Commercial "UzSanoatQurilishBank" (Bank name means: Industrial and Construction Bank of Uzbekistan) 4.1 Chairman of the board Mr. Shorahbarov R. Deputy Mr. Nosirov N. Chairman of the Mr. Rustamov K. board 1.9 Deputy Ms. Kozlova N. First deputy of the chairman of UzSanoatQurilishBank Central Bank of Uzbekistan Joint-stock banks 12 Republican Joint-Stock Commercial Bank «Gallabank» (Bank name means: Grain) Chairman of the Mr. Urinboev I. board 1.4 First Deputy Mr. Rakhmonov A. Page 8 of 78

9 # Bank Total number of employees (thousand) Staff information Management Position Name Previous job: Bank group 13 Joint Stock Commercial Bank "Hamkorbank" (Bank name means: Partner) 14 Joint Stock Commercial Bank "Tadbirkor bank" (Bank name means: Entrepreneur) 15 Joint Stock Innovation Commercial Bank "Ipak yuli bank" (Bank name means: Silk road ) 16 Joint Stock Commercial Bank "Savdogar bank" (Bank name means: Trader) Chairman of the board Mr. Ibragimov I. Deputy Mr. Kadirov N. Chairman of the board Mr. Tursunov K. First Deputy Mr. Karaliev T. Deputy Ms. Karimova Z. Chairman of the board Mr. Rahimbekov First Deputy Mr. Mirzaev A. Deputy Mr. Mirtursunov Z. Chairman of the board Mr. Nurmatov M. 1.7 First Deputy Mr. Boymurodov A. 17 Joint Stock Commercial Chairman of the board Mr. Ibrohimov M. Deputy of the chairman of Aloqabank Bank "Aloqabank" 0.5 (Bank name means: Communication) Deputy Mr. Ibragimov Z. 18 Joint Stock Commercial Chairman of the board Mr. Orifjonov D. Bank "Turon bank" 0.8 Deputy Muhamadiev K. Joint-stock banks 19 Joint Stock Exchange Bank "Trustbank" 20 Joint-Stock Commercial "Kapital Bank" 21 Private Joint Stock Commercial Bank "Credit-standard bank" 22 Private Joint Stock Commercial Bank "Alpjamol bank" 23 Private Open Joint Stock Commercial Bank "Parvina - Bank" 24 Private Joint Stock Commercial Bank "Universalbank" 25 Private Joint Stock Commercial Bank "Ravnak-Bank (Bank name means: Development) 26 Private Joint Stock Commercial Bank "Samarkand bank" 27 Private Joint Stock Commercial Bank "Turkiston bank" 28 Private Joint Stock Commercial Bank "Davr bank" (Bank name means: Epoch) 29 Private Joint Stock Commercial Bank "Uktambank" 0.2 Chairman of the board Mr. Soliev I. First Deputy Abdukhaharov I. Deputy Samarkhodjaev F. Chairman of the board Mr. Abdusamadov M. Chairman of Business Bank 0.3 Deputy Ms. Ziyaeva I. Head of currency circulation department of NBU Deputy Mr. Normatov B. Head of forex control & international relations department of Central Bank Chairman of the board Mr. Mukhamedjanov K. Head of Tashkent city branch of NBU 0.06 First Deputy Ms. Gaivoronskaya N. Head of Corporate clients Department of NBU Chairman of the board Mr. Nasrullaev H. Deputy Mr. Abdurashidov F. Uzbek-Turkish Bank Chairman of the board Mr. Kadirov A. Deputy Mr. Djabarov M. Chairman of the board Mr. Yuldashev A. Deputy Abdullaev O. Chairman of the board Mr. Umirov B Deputy Mr. Rakhmanov M Chairman of the board Mr. Normurodov D. Chairman of the board Mr. Rasulov A. Deputy Mr. Holbekov Yu. Chairman of the board Mr. Hasanov E. Chairman of the board Mr. Shukurov A. Deputy Ms. Tursonova Sh. Private banks Page 9 of 78

10 # Total table: Service charges Services charges Bank Local payments International payments LC & Guarantee Cash withdrawal Bank group 1 National Bank for Foreign Economic Аctivity of Uzbekstan 0.4% from transfer amount 0,2% (min $ 30 max $ 2000) LC - 1% UZS - 2% Guarantee - 0.1% per quarter USD - 3% 2 State Joint-Stock Commercial bank "ASAKA Bank" 0.05%-0.4% from transfer amount 0.15%-0.2% (min $ 30 max $5000) LC - 0.2%-0.5% (min $40) UZS - 1% Guarantee %-0.15% USD - 1% State banks 3 State Commercial "Halq bank" (Bank name means: Peoples bank) 4 Uzdaewoo bank 5 ABN AMRO Bank N.B.Uzbekistan A.O. $2 per transfer 0.1%-1.5% (min $100) LC - 0.8%-0.5% (per quarter) (min $250) UZS - 1% 6 Branch Bank "Saderat Iran" 7 Uzbek-Turkish bank (UT-bank) 8 Uzbek International Bank "Uzprivatbank" Service 1) 30$ monthly & 0.1% from transfers amount Service 2) 100$ monthly & free transfers 0,15% (min $10, max $1000) Guarantee - 0.8%-0.5% (per quarter) (min $250) USD - 1.5% LC -3% (per quarter) 1.0% Guarantee - 0.5%-0.8% (per quarter) Foreign banks 9 Joint-Stock Commercial Pakhta Bank (Bank name means: Cotton) 10 Joint Stock Bank "IpotekaBank" (Bank name means: Mortgage) 0.5%-1% from transfer amount 0.1% (min $ 30- max $ 200) LC - 0.2%; min $ 100 max $ 2000 (per quarter) 2.0% 11 Joint-Stock Commercial "UzSanoatQurilishBank" (Bank name means: Industrial and Construction Bank of Uzbekistan) 0.3%-1.5% from transfer amount 0.15%-0.2% LC %-0.2% (min $100, max $1000) Guarantee % 12 Republican Joint-Stock Commercial Bank «Gallabank» (Bank name means: Grain) 13 Joint Stock Commercial Bank "Hamkorbank" (Bank name means: Partner) 14 Joint Stock Commercial Bank "Tadbirkor bank" (Bank name means: Entrepreneur) 15 Joint Stock Innovation Commercial Bank "Ipak yuli bank" (Bank name means: Silk road) 16 Joint Stock Commercial Bank "Savdogar bank" (Bank name means: Trader) 17 Joint Stock Commercial Bank "Aloqabank" (Bank name means: Communication) 18 Joint Stock Commercial Bank Turon bank Joint-stock banks 19 Joint Stock Exchange Bank "Trustbank" 0.2%-0.5%+$0.14 from transfer amount 20 Joint-Stock Commercial "Kapital Service 1) 50$ monthly & Bank" 0.1% from each transfer Service 2) 100$ monthly & free transfers 0,2 % + additional charges 0,25 % (min $ 10 и max $ 150) LC - 0.3% (min $ 150 max $ UZS - 2%-3% 2500) As agreed USD - 1% As agreed 1.50% Page 10 of 78

11 # Services charges Bank Local payments International payments LC & Guarantee Cash withdrawal 21 Private Joint Stock Commercial Bank "Credit-standard bank" Bank group 22 Private Joint Stock Commercial Bank "Alp-jamol bank" 23 Private Open Joint Stock Commercial Bank "Parvina - Bank" 24 Private Joint Stock Commercial Bank "Universalbank" 25 Private Joint Stock Commercial Bank "Ravnak-Bank (Bank name means: Development) 26 Private Joint Stock Commercial Bank "Samarkand bank" 27 Private Joint Stock Commercial Bank "Turkiston bank" 28 Private Joint Stock Commercial Bank "Davr bank" (Bank name means: Epoch) 29 Private Joint Stock Commercial Bank "Uktambank" 0.2%-0.25% from transfer amount 0.1%-0.2% (max $ ) LC % (per quarter) Guarantee - 0.1%-0.3% USD - 5% 0.3% (max $250) LC & Guarantees - 5% 2% Private banks Page 11 of 78

12 Total table: Owners # Bank name Owners Shares % Comments Bank group 1 2 Government of Uzbekistan National Bank for Foreign Economic % shares are for sale Activity of Uzbekistan (NBU) State Joint-Stock Commercial bank Ministry of Finance of Uzbekistan % shares are for sale "ASAKA Bank" "UzAvtoProm" JSC (Cars maker) State Commercial "Halq bank" (Bank Ministry of Finance of Uzbekistan name means: Peoples bank) Central Bank of Uzbekistan Uzdaewoo bank "Daewoo securities" (South Korea) EBRD "Optimal Access Investment Co Ltd" (Malaysia) National Bank for Foreign Economic Activity of 5.00 Uzbekistan "Turon bank" (Uzbekistan) ABN AMRO Bank N.B.Uzbekistan ABN AMRO Bank (Netherlands) A.O. National Bank for Foreign Economic Activity of Uzbekistan International Financial Corporation (World Bank group) EBRD Branch Bank "Saderat Iran" Bank Saderat Iran Uzbek-Turkish bank (UT-bank) "Ziraatbank" (Turkey) Uzbek International Bank "Uzprivatbank" Pakhta Bank (Uzbekistan) "Fortis Bank" (Netherlands) "Inter Republic Holding" (Luxemburg) "Brentwood & Co" (Great Britain) "Addison Ventures" (Great Britain) Almalyk Mining-Metallurgical complex, Navoi Mining & Metallurgy Combinat (Uzbekistan) State banks Foreign banks 9 Joint-Stock Commercial Pakhta Bank (Bank name means: Cotton) 10 Joint Stock Bank "IpotekaBank" (Bank name means: Mortgage) UzSanoatQurilishBank Legal entities (20310) Persons (56359) Main shareholders: "UzPakhtasanoat" Association 5.60 "UzAgrokimyo" Association 1.30 "UzAgrosugurta" State Insurance Stock Company 0.60 "Uzselkhozmashholding" Stock Company 0.60 Total main shareholders 8.10 Ministry of Finance of Uzbekistan State Property Committee of Uzbekistan JSC "Tashkent varnish & paint factory' JSC "Uzbek Metallurgic Corporation" Almalyk Beer Corporation City administration of Tashkent Others Persons Joint-Stock Commercial Oil & Gas related companies (Uzbekistan) "UzSanoatQurilishBank" (Bank name means: Industrial and Construction Bank of Uzbekistan) Electricity & energy related companies (Uzbekistan) Chemical industry "UzbekInvest" National Export & Import Insurance 1.66 Company Other legal entities (3810) Persons (29180) Founded in April 2005 in result of merging UzJilSberBank (78.8% of new bank capital) & ZaminBank 14.7% of new bank capital), other 6.5% of capital to be placed in 2005 Joint-stock banks Page 12 of 78

13 # Bank name Owners Shares % Comments Bank group 12 Republican Joint-Stock Commercial Legal entities (1829) Bank «Gallabank» (Bank name means: Grain) Persons (3434) About 44 enterprises of UzDonMahsulot (Grain products) controls 55-60% voting shares 13 Joint Stock Commercial Bank "Hamkorbank" (Bank name means: Partner) 14 Joint Stock Commercial Bank Legal entities (2083) "Tadbirkor bank" (Bank name means: Persons (557) Entrepreneur) Main shareholders: 15 Joint Stock Innovation Commercial Bank "Ipak yuli bank" (Bank name means: Silk road) 16 Joint Stock Commercial Bank "Savdogar bank" (Bank name means: Trader) 17 Joint Stock Commercial Bank "Aloqabank" (Bank name means: Communication) State Property Committee of Uzbekistan "Madad' Insurance company "UzbekInvest" National Export & Import Insurance Company "Baraka" Universal leasing company "Marvel Juice" JV 7.74 "Miller Trading GmbH" 6.29 "Sayreks" JV 6.29 "UzKommunIssiqliqTa'mir" JSC (heating supply) 6.29 Others "Toytepa textile" "UzbekSavdo" (Trade) "UzbekInvest" National Export & Import Insurance Company "AkhangaranCement" JSC (Cement) "Savdo Taraqqiyoti" JSC (Trade) "ToshTukimachi" JSC (Textile) "UzbekEngilSanoat" State JSC (Textile) "LegPromInvest" JSC (Textile) 42.5 Other legal entities (5458) Persons (2621) 1.50 Uzbek Agency of communication & informatization 6.40 JSC "UzbekTeleKom" 6.80 "Matbuot Tarkatuvchi" (Press ditributor) 6.90 Others Joint Stock Commercial Bank "Turon Ministry of agriculture & water industry related bank" companies Other legal entities 19 Joint Stock Exchange Bank "Trustbank" 20 Joint-Stock Commercial "Kapital Bank" Persons "AGAMA" Ltd (Textile) 9.00 "Cinema" Ltd 7.00 "NG Service" JV 7.00 Other legal entities Persons Uzbekistan Airways 7.34 Other airways related companies Total airways related shareholders Private companies (industry) JSC "Kapital Sugurta" (insurance) 6.13 Others 2.94 Persons Private Joint Stock Commercial Bank Legal entities "Credit-standard bank" Persons Private Joint Stock Commercial Bank "Vis Agro Ltd" "Alp-jamol bank" Other legal entities 1.20 Persons Private Open Joint Stock Commercial Legal entities (5) Bank "Parvina - Bank" Persons (15) In 2000 merged with MevaSabzavotBank (which served agricultural companies), and in 1998 with LegPromBank (which served textile industry) In February of 2005 merged with AviaBank Joint-stock banks Private banks Page 13 of 78

14 # Bank name Owners Shares % Comments Bank group 24 Private Joint Stock Commercial Bank "Universalbank" 25 Private Joint Stock Commercial Bank Legal entities "Ravnak-Bank (Bank name means: Development) Persons Private Joint Stock Commercial Bank "Samarkand bank" 27 Private Joint Stock Commercial Bank "Turkiston bank" Private banks 28 Private Joint Stock Commercial Bank Legal entities "Davr bank" (Bank name means: Epoch) Persons Private Joint Stock Commercial Bank "Uktambank" Founder: Mr. Tursunov Uktam Page 14 of 78

15 # Total table: Clients Bank name National Bank for Foreign Economic Activity State Joint-Stock Commercial bank "ASAKA Bank" Halq bank (Peoples bank) Uzdaewoo bank ABN AMRO Bank N.B.Uzbekistan A.O. Branch Bank "Saderat Iran" Uzbek-Turkish bank (UT) Uzprivatbank Joint-Stock Commercial Pakhta Bank Clients quantity, (thousands) Clients Structure (sector, % of total q-ty) The biggest clients Total quantity Industry 12.47% Navoi Mining Plant (Mining) persons Agriculture 25.85% JSC Kizilkumtsement (Cement) companies Transport 0.04% JV Zarafshan NewMont (Mining) Building 46.59% JV Kabul Fergana (Textile) Trade 0.32% JSC Uzbeksavdo (Trade company) Other 14.73% SJRC Uzbekiston Temir Yullari (Railway Company) NAC Uzbekiston Havo Yullari (Airway Company) JV Shakar Investment (Sugar) JV UzBAT (British American Tobacco) Branches of JSC Dori Darmon (Medicine and drugs) Branches of Uzdurobita IA (Cellular company) Companies of the Association Uz Yog Moytamaki (Food oil) JV JSC Andijancabel (Cables) JSC PC Fayz (Furniture production) Total quantity Industry "UzDaewooAuto" JSC persons Agriculture "SamKochAuto" JV companies Transport 1.32 Building 4.34 Trade 6.19 Other Total quantity 9, persons 9, companies Persons 99.67% Total quantity Industry 80% "Unitel" (Cellular company) persons "Toytepa Textile" companies 0.50 "Daewoo Textile" "Nestle" JV Total quantity 1.35 Almalyk Mining-Metallurgical complex persons "UzbekNeftegaz" National Holding company (Oil 0.85 & gas) companies 0.50 "Zaravshan Newmont" (Gold mining) "Amantaytau Goldfields" (Gold mining) Total quantity "Iran Air" persons "Asko" companies 0.10 "Viakim chemical" Total quantity "Turkish Airlines" persons "Beta Algoritm" companies 0.30 "Tashkent pipe plant" Total quantity persons companies Total quantity Industry 0.44% "UzPakhtasanoant" Association (Cotton) persons Agriculture 44.12% "Tashkent Tractor plant" SC (Tractors) companies Transport 0.28% "Quvasay cement" SC (Cement) Building 0.75% "Kvarts" SC (Glass) Trade 1.95% "Elektrochimzavod" JV (Apparatus) Other 52.46% "Taminotchi-Pakhta" SC (Cotton) "Aim Textile" SC (Textile) "Kashtex" SC (Textile) "UzAgrosugurta" State Insurance Stock Company "TashAgromashleasing" SC (Leasing) Bank group State banks Foreign banks Joint-stock banks Page 15 of 78

16 # Clients Bank name Clients quantity, (thousands) Structure (sector, % of total q-ty) The biggest clients Bank group Joint Stock Bank "IpotekaBank" Founded in April 2005 in result of merging UzJilSberBank & ZaminBank Joint-Stock Commercial "UzSanoatQurilishBank" (Bank name means: Industrial and Construction Bank of Uzbekistan) Republican Joint-Stock Commercial Bank «Gallabank» Total quantity 274 persons 241 companies 33 Joint Stock Commercial Total quantity Bank "Hamkorbank" 13 persons (Bank name means: Partner) companies Joint Stock Commercial Total quantity Bank "Tadbirkor bank" 14 persons (Bank name means: Entrepreneur) companies Joint Stock Innovation Total quantity Commercial Bank "Ipak 15 persons 2.30 yuli bank" (Bank name means: Silk road) companies Joint Stock Commercial Bank "Savdogar bank" Total quantity (Bank name means: Trader) companies Joint Stock Commercial Total quantity Bank "Aloqabank" (Bank persons name means: Communication) companies Joint Stock Commercial Total quantity 18 Bank "Turon bank" persons Joint Stock Exchange Bank "Trustbank" Joint-Stock Commercial "Kapital Bank" Private Joint Stock Commercial Bank "Credit-standard bank" Private Joint Stock Commercial Bank "Alpjamol bank" Total quantity "Chirchik ElectrohimProm" (Chemical) persons "Navoi Azot" (Chemical) companies "Navoi TES" (Energy) "Bukhara BIPZ" (Oil) "Mubarek GPZ" (Gas) "Ferghana Azot" (Chemical) "Ferghana Oil Refinary Plant" "Ammofos" (Chemical) Total quantity Industry persons Agriculture 50.19% companies Transport Building Trade Other "UzPlodOvoshVinPromHolding" (Fruits & vegetables) persons 8.00 "ToshkentVino" (alcoholic drinks) Main clients: communication related companies companies 7.30 Main clients: affiliates of Ministry of agriculture & water industry which are responsible for water pipes & irrigation systems, small business. Total quantity 3.78 Uzbek Commodity exchange persons 0.64 Novator companies 3.13 Agis Metek Intersok (Juice) Total quantity Industry 3.76% persons Agriculture 0.47% companies 1.28 Transport 0.63% Building 2.20% Trade 5.73% Other 85.54% Sibur (Juice) Total quantity 5.70 "Marvel juice" persons companies "Tashkent parranda" JSC (chiken) "Kurilish mollari savdo" (Trade) Joint-stock banks Private banks Page 16 of 78

17 # Clients Bank name Clients quantity, (thousands) Structure (sector, % of total q-ty) The biggest clients Bank group Private Joint Stock Total quantity Tashkent Financial Institute (Education) Commercial Bank persons 4.43 JSC "SINO" (Manufacturer of home appliances) "Parvina - Bank" companies Private Joint Stock Commercial Bank "Universalbank" Private Open Joint Stock Commercial Bank "Ravnak-Bank" Private Joint Stock Commercial Bank "Samarkand bank" Private Joint Stock Commercial Bank "Turkiston bank" Private Joint Stock Commercial Bank "Davr bank" (Bank name means: Epoch) Private Joint Stock Commercial Bank "Uktambank" Total quantity 2.00 "Kurilish industriya" (Building) persons companies "Technika Ltd" "Ferghana Railways" Total quantity 1.51 "Uzvneshtrans" (Transport) persons 1.25 "Uzselhozmashholding" (Agriculture techniques) companies 0.26 "AU Turon" (Mining) "Sifat" (Certification Centre) "Neftegazinspektsiya" (Oil & Gas) "Shark Electronic" (Trade) "Mehnat Halol" (Food) "Iriston ovlod" Join-Venture "Regotmas-Asia" "Gunesh Tekstil" (Textile) "Santimpeks" (Trade) Private banks Page 17 of 78

18 1. National Bank for Foreign Economic Activity of Uzbekistan (Short name NBU) Table A Address 101, Amir Temur Street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches and their address Webmaster@central.nbu.com National Bank for Foreign Economic Activity of the Republic of Uzbekistan was established in September 7, 1991 by the Degree of the President of the Republic of Uzbekistan Islam Karimov on the base of local branch of VneshTorg bank of USSR. Management of the bank includes the Council and the Board. Council of the bank consists of the following members: the Minister of Finance (Chairman of the Council), representatives of the Central bank, Ministry of Economics, Agency for Foreign Economic Affairs, State property committee. The Board consists of the Chairman, his deputies and Senior Executive Directors. Government of the country committed to the bank responsible mission of integration of Uzbekistan in world finance markets, attraction of foreign investments, support export production, organization of international payments, providing wide range of banking services of high quality. National Bank of Uzbekistan is a state bank, property of the Republic of Uzbekistan. 99 branches (Principal branches address attached) and one subsidiary Asia-Invest Bank in Moscow, Russia Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general Reliability Liquidity profitability credit portfolio) , , % , , % , , % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Page 18 of 78

19 1. National Bank for Foreign Economic Activity of Uzbekistan Table C Total number of employees (thousand) 6.1 Staff information Management* Position Name Previous job: Chairman of the board - Mr. Tashmuradov Sh. (Appointed on Jun 2005) Deputy of the Chairman of Central Bank of Uzbekistan First Deputy - Mr. Gulyamov R. Deputy of the Chairman of Central Bank of Uzbekistan Deputy - Mr. Nurullaev B. Zamin Bank Deputy - Mr. Khidirov Y. Central Bank of Uzbekistan Deputy - Mr. Bazarov T. Army forces As for Jun 2005 Table D Local payments 0.4% from transfer amount International payments 0,2% (min $ 30 max $ 2000) Services charges LC & Guarantee Cash withdrawal LC - 1% (per quarter) UZS - 2% Guarantee - 0.1% (per USD - 3% quarter) Table E Owners Shares % Comments Government of % shares are for sale Uzbekistan Page 19 of 78

20 1. National Bank for Foreign Economic Activity of Uzbekistan Table F Clients Quantity (thousands) Structure The biggest clients Total quantity Industry 1.30% Navoi Mining Plant (Mining) Persons Companies Agriculture 2.70% JSC Kizilkumtsement (Cement) Transport 0.00% JV Zarafshan NewMont (Mining) Building 4.86% Trade 0.03% Other 1.54% JV Kabul Fergana (Textile) JSC Uzbeksavdo (Trade company) SJRC Uzbekiston Temir Yullari (Railway Company) NAC Uzbekiston Havo Yullari (Airway Company) JV Shakar Investment (Sugar) JV UzBAT (British American Tobacco) Branches of JSC Dori Darmon (Medicine and drugs) Branches of Uzdunrobita IA (Cellular company) Companies of the Association Uz Yog Moytamaki (Food oil) JV JSC Andijancabel (Cables) JSC PC Fayz (Furniture production) Data shown as for Jan Page 20 of 78

21 1. National Bank for Foreign Economic Activity of Uzbekistan # Principal domestic branches of NBU 1 Republic of Karakalpakstan Nukus Branch 52, Garezsislik Str., Nukus City Tel: (361) , Fax: (361) , Khorazm Region Urganch Branch 150, Pahlavon Makhmud Str., Urganch City Tel: (36222) , Fax: Navoi Region Navoi Branch 14, Ibn Sino Sir., Navoi Tel: (43622) , Fax: , Bukhara Region Bukhara Branch 3, Muhammad Ikbol Str., Bukhara Tel: (36522) , Fax: , Kashkadarya Region Karshi Branch 219, Uzbekistan Str., Karshi Tel: (37522) , Fax: Samarkand Region Samarkand Branch 7, Firdowsiy Str., Samarkand Tel: (36622) , Fax: , Djizakh Region Djizakh Branch 39, Sh. Rashidov Str., Djizakh, Tel: (37222) , Fax: Surkhandaryo Region Termez Branch 1, Al-Termezy Str., Termez City Tel: (37622) , Fax: , Sirdaryo Region Sirdaryo Branch 24, Akhmad Yassavy Str., Guliston City Tel: (37222) Fax: Tashkent Region Branch 29, Taras Schevchenko Str., Tashkent Tel: , Fax: Tashkent City 1, Gafur Gulom Str., Tashkent Tel: Branch Fax: Tashkent Region 13 Main operational 101, Amir Temur Str., Tashkent Tel: Branch City Fax: Main operational 95, Gulamova Str., Tashkent City Tel: , Fax: , Namangan Region Namangan Branch 10, Nozim Namangonly Str., Namangan Tel: (36922) , Fax: Fergana Region Fargona Region 69, AI-Fargony, Fargona City Tel: (37322) , Fax: , Andijan Region Andijan Branch 39, Navoi Str., Angijan Tel: (37422) , Fax: , Page 21 of 78

22 2. State Joint-Stock Commercial bank "ASAKA Bank" Table A Address 67, Nukus Street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) (99872) Web-site Short-history Branches ifiteam@asakabank.com / contact@asakabank.com Founded in 1996 as Specialized State Commercial Bank to serve auto industry of Uzbekistan. In 2001 was renamed ("Specialized" word was cut out) & stressed activity to other branches of economy. 26 branches Business information Table B Year Capital (mln. $) Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 1.85 Staff information* Management Position Name Previous job: Chairman of the board - Mr. Juraev Cabinet of Ministers of Uzbekistan First deputy - Mr. Oripov K. Central Bank of Uzbekistan Deputy - Mr. Mirbabaev B. Central Bank of Uzbekistan Deputy - Mr. Davletmuradov P. Administration of the president of Uzbekistan *Data shown as for Apr Page 22 of 78

23 2. State Joint-Stock Commercial bank "ASAKA Bank Table D Local payments 0.05%-0.4% from transfer amount International payments Services charges LC & Guarantee Cash withdrawal 0.15%-0.2% (min LC - 0.2%-0.5% (min $40) UZS - 1% $ 30 max $5000) Guarantee %-0.15% USD - 1% Owners Shares % Comments Table E Ministry of Finance of Uzbekistan % shares are for sale "UzAvtoProm"JSC (Cars maker) Table F Clients Quantity (thousands) Structure (sector, % of total q-ty) The biggest clients Total quantity Industry "UzDaewooAuto" JSC Persons Agriculture "SamKochAuto" JV Companies Transport 1.32 Building 4.34 Trade 6.19 Other Data shown as for Jan Page 23 of 78

24 Table A Address Tel Fax 3. State Commercial "Uzbekiston Respublikasi Xalq banki" (Name means "Peoples bank of the Republic of Uzbekistan") 46, Katartal street, Tashkent, Uzbekistan, (99872) (99871) (99871) no Web-site Short-history Branches Former Soviet Savings bank, in 1993 was transformed into Peoples Bank. Now is the largest retail bank of the country. In 2004 Bank became responsible for the maintenance of additional Pension system, due to this reason, till 2008 exempted from all taxes 2900 branches Business information Table B Year Capital (mln. $) Net profit (mln. $) Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table D Total number of employees (thousand) 10.8 Staff information Management * Position Name Previous job: Chairman of the board - Mr. Jumageldiev M. Central Bank of Uzbekistan First Deputy - Haidarov A. 0 *Data shown as for Jul Page 24 of 78

25 3. State Commercial "Uzbekiston Respublikasi Xalq banki" Table C Local payments International payments Services charges LC & Guarantee 0.00% Cash withdrawal 0% 0 Table E Owners Shares % Comments Ministry of Finance of Uzbekistan Central Bank of Uzbekistan Table F Clients Quantity (thousands) Structure (sector, % of total q-the biggest ty) clients Total quantity 9, Persons 99.67% 0.00 Persons 9, Companies Data shown as for Jan Page 25 of 78

26 4. UzDAEWOO Bank Table A Address 1, Pushkin Street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) assistant@daewoobank.com Web-site Short-history Branches Bank was founded in 1997 to serve affiliates of Daewoo Co & other Korean companies in Uzbekistan. 1 branch Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.05 Staff information Management Position Name Previous job: Chairman of the board - Mr. Jung Myung Djang (South Korea) Deputy - Mr. Turgunov N. Table D Local payments International payments Services charges LC & Guarantee Cash withdrawal 0.00% 0 0 0% Page 26 of 78

27 4. UzDaewoo bank Table E Owners Shares % Comments "Daewoo securities" (South Korea) 55 0 EBRD 25 0 "Optimal Access Investment Co Ltd" (Malaysia) National Bank for Foreign Economic Activity of Uzbekistan "Turon bank" (Uzbekistan) 5 0 Table F Quantity (thousands) Clients Structure (sector, % of total The biggest clients q-ty) Total quantity 0.00 Industry 80% "Unitel" (Cellular company) persons companies "Toytepa Textile" "Daewoo Textile" "Nestle" JV Data shown as for Jan Page 27 of 78

28 5. ABN AMRO Bank N.B.Uzbekistan A.O. Table A Address 77, Nasirov street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Bank was founded in 1995 as joint bank with NBU, EBRD, IFC and ABN AMRO Bank (Holland). But later NBU's stock was decreased. It is the first major international bank to offer a full range of universal banking Services in Uzbekistan. The management of the bank has been entrusted to ABN AMRO Bank, one of the worlds' largest banks headquartered in the Netherlands. Branches No Business information Table B Year Capital (mln. $) Net profit (mln. $) Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table D Total number of employees (thousand) Staff information Management Position Name Previous job: 0.1 Chairman of the board - Mr. Minderhaud H (Netherlands) Deputy - Mr. Saumya S. (India) 0.00 Deputy - Mr. Gulyamov R. Central Bank of Uzbekistan Page 28 of 78

29 5. ABN AMRO Bank N.B.Uzbekistan A.O Table C Local payments International payments $2 per transfer 0.1%-1.5% (min $100) Services charges LC & Guarantee Cash withdrawal LC - 0.8%-0.5% (per quarter) (min $250)UZS - 1% Guarantee - 0.8%-0.5% (per quarter) (min $250) USD - 1.5% Owners Shares % Comments Table E ABN AMRO Bank (Netherlands) 59 0 National Bank for Foreign Economic Activity of Uzbekistan International Financial Corporation (World Bank group) EBRD Table F Clients Quantity (thousands) Structure (sector, % The biggest clients of total q-ty) Total quantity Almalyk Mining-Metallurgical complex Persons Companies "UzbekNeftegaz" National Holding company (Oil & gas) "Zaravshan Newmont" (Gold mining) "Amantaytau Goldfields" (Gold mining) Data shown as for Jan Page 29 of 78

30 6. Branch Bank "Saderat Iran" Table A Address 10, Chekhov street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches No No Bank was founded in 2000 to serve Iranian companies in Uzbekistan. No Business information Table B Year Capital (mln. $) Net profit (mln. $) Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Rates: Dec 31, $ Uzbek soums Dec 31, $ Uzbek soums Dec 31, $ - 1, Uzbek soums Table C Total number of employees (thousand) Staff information Management Position Name Previous job: 0.03 Chairman of the board - Mr. Ismailhanni (Iran) 0.00 Table D Local payments International payments Services charges LC & Guarantee Cash withdrawal Page 30 of 78

31 6. Branch Bank "Saderat Iran Table E Owners Shares % Comments Bank Saderat Iran Table F Quantity (thousands) Clients Structure (sector, % of The biggest clients total q-ty) Total quantity "Iran Air" Persons Companies "Asko" "Viakim chemical" Data shown as for Jan Page 31 of 78

32 7. Uzbek-Turkish bank (UT bank) Table A Address 15a, Drujba Narodov avenue, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches Utbank@main.utbk.com No Bank was founded in 1993 to serve Turkish companies in Uzbekistan No Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.09 Staff information Management Position Name Previous job: Chairman of the board - Mr. Gun M. (Turkey) 0.00 First Deputy - Nuritdinov K Table D Local payments International payments Services charges LC & Guarantee Cash withdrawal 0 0 0% Page 32 of 78

33 7. Uzbek-Turkish bank (UT bank) Table E Owners Shares % Comments "Ziraatbank" (Turkey) 50 0 Pakhta Bank (Uzbekistan) 50 0 Table F Quantity (thousands) Clients Structure (sector, % of The biggest clients total q-ty) Total quantity "Turkish Airlines" persons companies "Beta Algoritm" "Tashkent pipe plant" Data shown as for Jan Page 33 of 78

34 8. Uzbek International Bank "UzPrivatBank" Table A Address Tel Fax 51, Uzbekistan avenue, Tashkent, Uzbekistan, (99871) / (99871) bank@uib.uz Web-site Short-history Uzbek International Bank UZPRIVATBANK was founded through the Resolution by the Cabinet of Ministers of the Republic of Uzbekistan # 171 of March 29, 1994 and its foundation agreement dated May 3, UZPRIVATBANK started its activity from February 28, 1995 after obtaining the General License of the Central bank of Republic of Uzbekistan. Branches No Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general Reliability Liquidity credit profitability portfolio) % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table D Total number of employees (thousand) Staff information Management Position Name Previous job: Chairman of the board - Mr. Ergashev A. (Uzbekistan) 0.00 First Deputy - Mr. Usmanov E Page 34 of 78

35 8. Uzbek International Bank "UzPrivatBank" Table C Services charges Local payments International payments LC & Guarantee Cash withdrawal Service 1) 30$ monthly & 0.1% from transfers amount Service 2) 100$ monthly & free transfers LC -3% (per quarter) 0,15% (min $10, max $1000) Guarantee - 0.5%-0.8% (per quarter) 1% Table E Owners Shares % Comments "Fortis Bank" (Netherlands) 19 "Inter Republic Holding" (Luxemburg) 11 "Brentwood & Co" (Great Britain) "Addison Ventures" (Great Britain) Almalyk Mining-Metallurgical complex, Navoi Mining & Metallurgy Combinat (Uzbekistan) UzSanoatQurilishBank Table F Quantity (thousands) Clients Structure (sector, % of total q-ty) The biggest clients Total quantity persons companies Data shown as for Jan Page 35 of 78

36 9. Joint-Stock Commercial Pakhta Bank (Bank name means: Cotton) Table A Address 43, Mukimi street, Tashkent, Tel (998712) / Fax (99871) Web-site Short-history Branches pahtabnk@sovam.com, headoffice@pakhtabank.com In 1991 after gaining independence of our Republic, the first meeting of the former Soviet Union Agroprombank founders was held. At the meeting it was agreed to transform the bank into a stock commercial Uzagroprombank. In 1995 it gained the status of joint stock commercial Pakhta Bank. At first Bank's goal was service to cotton-related companies. In 2001 Bank was renamed ("Specialized" word was cut out) and nowadays Bank serves all clients. 199 branches (Principal branches address attached) Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % 4.6% 33.3% 65.9% % 5.9% 27.8% 67.0% % 5.0% 25.7% 68.7% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table D Total number of employees (thousand) 7.5 Staff information Management Position Name previous job: Chairman of the board - Mr. Boymuratov A. Head of the Secretariat of the Prime-Minister Deputy - Mr. Sharipov I. Head of Pakhta Bank branch in Jizzakh Deputy - Mr. Tangirberdiev O. Director of the Risks Management Center Page 36 of 78

37 7. Joint-Stock Commercial Pakhta Bank Table C Local payments 0.5%-1% from transfer amount Services charges International LC & Guarantee payments 0.1% (min $ 30- max $ 200) LC - 0.2%; min $ 100 max $ 2000 (per quarter) Cash withdrawal 2% Table E Owners Shares % Comments Legal entities (20310) 0 Persons (56359) 0 Main shareholders: "UzPakhtasanoat" Association "UzAgrokimyo" Association "UzAgrosugurta" State Insurance Stock Company "Uzselkhozmashholding" Stock Company Total main shareholders Table F Clients Quantity Structure The biggest clients Total quantity Industry % Persons Companies "UzPakhtasanoant" Association (Cotton) Agriculture % "Tashkent Tractor plant" SC (Tractors) Transport % "Quvasay cement" SC (Cement) Building % Trade % Other % "Kvarts" SC (Glass) "Elektrochimzavod" JV (Apparatus) "Taminotchi-Pakhta" SC (Cotton) "Aim Textile" SC (Textile) "Kashtex" SC (Textile) "UzAgrosugurta" State Insurance Stock Company "TashAgromashleasing" SC (Leasing) Data shown as for Jan Page 37 of 78

38 7. Joint-Stock Commercial Pakhta Bank # Principal Domestic branches of Pakhta bank 1 Republic of Karakalpakstan Nukus Branch 101, Shomurotov str, , Nukus City Tel: Khorazm Region Urganch Branch 183, A.Bakhodirkhon str, Tel: , Urganch City 3 Navoi Region Navoi Branch 104, Memorlar str, , Tel: Nagoya, 4 Bukhara Region Bukhara Branch 24, I.Muminov str, , Bukhara, Tel: , Kashkadarya Region Karshi Branch 4, Nagoya str, Karshi, Tel: Samarkand Region Samarkand Branch 4, Kuk Saroi sqr, , Samarkand, Tel: Djizakh Region Djizakh Branch 7, Zargarlik Dst, , Djizakh 9 Surkhandaryo Termez Branch 7-A, Khakeem At-Termizi Region str , Termez City 10 Sirdaryo Region Sirdaryo Branch 57, M.Nosirov str, , Guliston City 11 Tashkent Region Tashkent Region 9, Abdulla Kadiriy str., Branch Tashkent, 12 Namangan Region Namangan Branch 1-A, B.Mashrab str., , Namangan, 13 Fergana Region Fargona Region 11, Nagoya str, Fergana, Tel: Tel: Tel: Tel: , Tel: Tel: Andijan Region Andijan Branch 37, Babur str, Andijan Tel: , Page 38 of 78

39 10. Joint Stock Commercial "IpotekaBank" (Bank name means: Mortgage) Table A Address 17, Pushkin street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches Founded in April 2005 in result of merger UzUyJoyJamgarmaBank (founded in 1997, name means "Savings & Housing") with ZaminBank (founded in 1995, name means "Land"). Main goal of the bank is development mortgage credit systems & house building 56 branches Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Apr % Reliability Liquidity profitability Apr 30, Rate: 1$ Uzbek soums Table C Total number of employees (thousand) 4.1 Staff information* Management Position Name Previous job: Chairman of the board - Mr. Shorahbarov R. First deputy of the chairman of UzSanoatQurilishBank Deputy - Mr. Nosirov N. Deputy of chairman at UzUyJoyJamgarmaBank *Data shown as for Apr Page 39 of 78

40 10. Joint Stock Commercial "IpotekaBank" Table D Local payments International payments Services charges LC & Guarantee Cash withdrawal Table E Owners Shares % Comments Ministry of Finance of Uzbekistan State Property Committee of Uzbekistan JSC "Tashkent varnish & paint factory JSC "Uzbek Metallurgic Corporation" Almalyk Beer Corporation City administration of Tashkent Others Persons 22 Founded in April 2005 in result of merging UzJilSberBank (78.8% of new bank capital) & ZaminBank 14.7% of new bank capital), other 6.5% of capital to be placed in 2005 Table F Clients Quantity Structure The biggest clients Total quantity Persons Companies % % % (thousands, %) Data shown as for Apr Page 40 of 78

41 11. Joint-Stock Commercial "UzSanoatQurilishBank" (Bank name means: Industrial and Construction Bank of Uzbekistan) Table A Address 3, Shakhrisabz street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) shef@uzpsb.com Web-site Short-history Founded in 1922 Branches 45 branches Business information Table B Year Capital (mln. $) Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % 3.40% 0.00% 83.47% % 3.00% 54.60% 85.69% % 2.30% 54.33% 80.72% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 4.1 Staff information Management Position Name Previous job: Chairman of the board - Mr. Rustamov K. Central Bank of Uzbekistan Deputy - Ms. Kozlova N. 0 Services charges Table D Local payments 0.3%-1.5% from transfer amount International payments 0.15%-0.2% LC & Guarantee LC %-0.2% (min $100, max $1000) Guarantee % Cash withdrawal Page 41 of 78

42 11. Joint-Stock Commercial "UzSanoatQurilishBank" Table E Owners Shares % Comments Oil & Gas related companies (Uzbekistan) Electricity & energy related companies (Uzbekistan)-2 Chemical industry "UzbekInvest" National Export & Import Insurance Company 1.66 Other legal entities (3810) Persons (29180) (thousands, %) Clients Table F Quantity Structure The biggest clients Total quantity "Chirchik ElectrohimProm" (Chemical) Persons Companies "Navoi Azot" (Chemical) "Navoi TES" (Energy) 0.00 "Bukhara BIPZ" (Oil) "Mubarek GPZ" (Gas) "Ferghana Azot" (Chemical) "Ferghana Oil Refinary Plant" "Ammofos" (Chemical) Data shown as for Jan Page 42 of 78

43 12. Republican Joint-Stock Commercial Bank Gallabank (Bank name means: Grain) Table A Address 36, Shakhrisabz street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches info@gallabank.com Founded on the basis of the Decree # 311 of the Cabinet of Ministers of Republic of Uzbekistan in 1994 to serve grain related companies & farms as Specialized Joint-stock commercial bank. In 2001 was renamed ("Specialized" word was cut out) & started to render services as a large universal bank to private and legal entities of different fields of activity. 32 branches Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % 28.00% 74.00% % 22.00% 62.00% % 31.00% 75.00% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) Staff information Management Position Name Previous job: 1.4 Chairman of the Mr. Urinboev I. 0 board - Deputy - Mr. Rakhmonov A. 0 Page 43 of 78

44 Table D Local payments 12. Republican Joint-Stock Commercial Bank Gallabank Services charges International LC & Guarantee payments Cash withdrawal Table E Owners Shares % Comments Legal entities (1829) 0.00 Persons (3434) 0.00 About 44 enterprises of UzDonMahsulot (Grain products) controls 55-60% voting shares Table F Clients Quantity Structure The biggest clients Total quantity Agriculture 50.2% (thousands, %) Persons Companies Data shown as for Jan Page 44 of 78

45 13. Joint Stock Commercial Bank "Hamkorbank" (Bank name means: Partner) Table A Address 41, Navoi street, Andijan, Uzbekistan, Tel ( ) Fax ( ) abank@online.ru Web-site Short-history Branches Founded in 1991 as private bank "Andijanbank", later was renamed & now operates as joint-stock bank. 21 branches Business information Table B Year Capital (mln. $) Net profit (mln. Credit portfolio $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % 0.00% 0.00% % 0.00% 0.00% % 0.00% 0.00% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.9 Staff information Management Position Name Previous job: Chairman of the Mr. Ibragimov I. 0 board - Deputy - Mr. Kadirov N. 0 Page 45 of 78

46 13. Joint Stock Commercial Bank "Hamkorbank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Owners Shares % Comments Table E Table F (thousands, %) Clients Quantity Structure The biggest clients Total quantity Persons Companies Data shown as for Jan Page 46 of 78

47 14. Joint Stock Commercial Bank "Tadbirkor bank" (Bank name means: Entrepreneur) Table A Address 14, Lutfiy street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches no no Founded in 1993 by State Property Committee, Republican Business Fund & "Madad" insurance group to promote small business. In 2004 Republican Business Fund was closed & all tasks of the Fund were transferred to the Bank 103 branches Business information Table B Year Capital (mln. $) Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % 0 0 Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 2.3 Staff information Management Position Name Previous job: Chairman of the board - Mr. Tursunov K. First Deputy - Mr. Karaliev T. Deputy - Ms. Karimova Z. Page 47 of 78

48 14. Joint Stock Commercial Bank "Tadbirkor bank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Table E Owners Shares % Comments Legal entities (2083) Persons (557) Main shareholders: State Property Committee of Uzbekistan "Madad' Insurance company Table F Clients Quantity Structure The biggest clients Total quantity (thousands, %) Persons 0.00 Companies Data shown as for Jan Page 48 of 78

49 15. Joint Stock Innovation Commercial Bank "Ipak yuli bank" (Bank name means: Silk road ) Table A Address 12a, Farhadskaya street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches it.dep@ipakyulibank.com Founded in 1990 to promote technical development & implementation of new technologies, supporting science. 5 branches Business information Table B Year Capital Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) profitability ReliabilityLiquidity % % % 0 0 Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.35 Staff information Management Position Name previous job: Chairman of the board - Mr. Rahimbekov First Deputy - Mr. Mirzaev A. Deputy - Mr. Mirtursunov Z. Page 49 of 78

50 15. Joint Stock Innovation Commercial Bank "Ipak yuli bank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Owners Shares % Comments Table E "UzbekInvest" National Export & Import Insurance Company "Baraka" Universal leasing company "Marvel Juice" JV 7.74 "Miller Trading GmbH" "Sayreks" JV 6.29 "UzKommunIssiqliqTa'mir" JSC (heating supply) 6.29 Others Table F (thousands, %) Clients Quantity Structure The biggest clients Total quantity Persons Companies Data shown as for Jan Page 50 of 78

51 16. Joint Stock Commercial Bank for promotion of trade & commerce "Savdogar bank" (Bank name means: Trader) Table A Address Tel Fax Web-site Short-history Branches 78, Saida Baraka street, Tashkent, Uzbekistan, (99871) (99871) no Founded in 1994 to promote trade activity on the base of Decree of the President of Uzbekistan. In 2001 was renamed ("Specialized" word was cut out) & started to render services as an universal bank to private and legal entities of different fields of activity. 45 branches Business information Table B Year Capital (mln. $) Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % 0 0 Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 1.7 Staff information Management Position Name Previous job: Chairman of the board - Mr. Nurmatov M. First Deputy - Mr. Boymurodov A. Deputy - Mr. Mirtursunov Z. Page 51 of 78

52 16. Joint Stock Commercial Bank for promotion of trade & commerce "Savdogar bank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Table E Owners* Shares % Comments "Toytepa textile" "UzbekSavdo" (Trade) "UzbekInvest" National Export & Import Insurance Company "AkhangaranCement" JSC (Cement) "Savdo Taraqqiyoti" JSC (Trade) "ToshTukimachi" JSC (Textile) In 2000 merged with MevaSabzavotBank (which served agricultural companies), and in 1998 with LegPromBank (which served textile industry) "UzbekEngilSanoat" State JSC (Textile) "LegPromInvest" JSC (Textile) Other legal entities (5458) 56 Persons (2621) 2 Table F Clients* Quantity Structure The biggest clients Total quantity (thousands, %) "UzPlodOvoshVinPromHolding" (Fruits & vegetables) Persons 8.00 "ToshkentVino" (alcoholic drinks) Companies *Data shown as for Jan Page 52 of 78

53 17. Joint Stock Commercial Bank "Aloqabank" (Bank name means: Communication) Address 1, Tolstoy str., Tashkent, Uzbekistan, Table A Tel Fax Web-site Short-history Branches (99871) (99871) info@alokabank.uz Founded in 1994 on the base of the Resolution of the Cabinet of Ministers of Uzbekistan to serve communication & IT industry as Specialized Joint-Stock Commercial AloqaBank. In 2001 was renamed ("Specialized" word was cut out). 10 branches Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) profitability ReliabilityLiquidity % % % 0 0 Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand)* 0.5 Staff information Management Position Name Previous job: Chairman of the board - Mr. Ibrohimov M. Deputy of the chairman of Aloqabank Deputy - Mr. Ibragimov Z. 0 *Data shown as for Jan Page 53 of 78

54 17. Joint Stock Commercial Bank "Aloqabank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Owners Shares % Comments Table E Uzbek Agency of communication & informatization 6.40 JSC "UzbekTeleKom" 6.80 "Matbuot Tarkatuvchi" (Press distributor) 6.90 Others Page 54 of 78

55 18. Joint Stock Commercial "Turon bank" Table A Address 4A, Abay street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site Short-history Branches turon@sarkor.uz No Founded in 1990 to serve companies responsible for water pipe & irrigation systems. 16 branches Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % 0 0 Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees *(thousand) 0.8 Staff information Management Position Name Previous job: Chairman of the board - Mr. Orifjonov D. 0 Deputy - Muhamadiev K. 0 *Data shown as for Jan Page 55 of 78

56 Table D Local payments Services charges International LC & Guarantee payments 18. Joint Stock Commercial "Turon bank" Cash withdrawal Owners Shares % Comments Table E Ministry of agriculture & water industry related companies Other legal entities Persons Table F Clients Quantity Structure The biggest clients Total quantity (thousands, %) Persons Companies Data shown as for Jan Page 56 of 78

57 19. Joint Stock Exchange Bank "Trustbank" Table A Address 7, Navoi street, Tashkent, Uzbekistan, Tel (998712) Fax (99871) Web-site info@trustbank.uz Short-history Founded in 1994 to promote exchange activity. In 1997 merged JSCB «Ilmtehbank» (Science & technik bank). Branches 2 branches Business information Table B Year Capital (mln. $) Net profit (mln. $) Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % -3.16% 38.60% 71.40% % 1.28% 34.00% 72.30% % -0.59% 29.70% 54.90% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) Staff information Management Position Name Previous job: 0.2 Chairman of the board - Mr. Soliev I. First Deputy - Abdukhaharov I. Deputy - Samarkhodjaev F Page 57 of 78

58 19. Joint Stock Exchange Bank "Trustbank Table D Local payments 0.2%-0.5%+$0.14 from transfer amount Services charges International LC & Guarantee payments 0,2 % + additional LC - 0.3% (min $ 150 max charges $ 2500) Cash withdrawal UZS - 2%-3% 0.00% 0.00% As agreed USD - 1% Table E Owners Shares % Comments "AGAMA" Ltd (Textile) 9.00 "Cinema" Ltd 7.00 "NG Service" JV 7.00 Other legal entities Persons Table F Clients Quantity Structure The biggest clients Total quantity 3.78 Uzbek Commodity exchange Persons 0.64 Novator Companies 3.13 Agis Metek Intersok (Juice) Sibur (Juice) (thousands, %) Data shown as for Jan Page 58 of 78

59 20. Joint-Stock Commercial "Kapital Bank" Table A Address 32, Matbuotchilar Str., Tashkent, Uzbekistan, Tel (998 71) /03 Fax (998 71) Web-site Short-history Branches info@kapitalbank.uz Founded in 2001 as private bank "Kapitalbank", in February 2005 merged with JSC "AviaBank" and now operates as joint-stock bank. 2 branches Business information Table B Year Capital Net profit Credit portfolio Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % % Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) Staff information Management Position Name Previous job: Chairman of the board - Mr. Abdusamadov M. Chairman of Business Bank 0.3 First Deputy - Ms. Ziyaeva I. Deputy - Mr. Normatov B. Head of currency circulation department of NBU Head of forex control & international relations department of Central Bank Page 59 of 78

60 20. Joint-Stock Commercial "Kapital Bank" Table D Local payments Service 1) 50$ monthly & 0.1% from each transfer Service 2) 100$ monthly & free transfers Services charges International LC & Guarantee payments 0,25 % (min $ 10 и max $ 150) 0.00% Cash withdrawal As agreed 1.5% Table E Owners Shares % Comments Uzbekistan Airways 7.34 Other airways related companies Total airways related shareholders Private companies (industry) In February of 2005 merged with AviaBank JSC "Kapital Sugurta" (insurance) 6.13 Others 2.94 Persons Data shown as for March Page 60 of 78

61 21. Private Joint Stock Commercial Credit-standard bank Table A Address 25, Kunaeva street, Tashkent, Uzbekistan, Tel (99871) Fax (99871) Web-site mail@credit-standard.uz Short-history Founded in Branches No Business information Table B Year Capital (mln. $) Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) 2002 Founded in % % Reliability Liquidity profitability Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table D Total number of employees (thousand) Staff information Management Position Name Previous job: Chairman of the board - Mr. Mukhamedjanov K. Head of Tashkent city branch of NBU 0.06 First Deputy - Ms. Gaivoronskaya N. Head of Corporate clients Department of NBU Page 61 of 78

62 21. Private Joint Stock Commercial Credit-standard bank Table C Local payments Services charges International LC & Guarantee payments Cash withdrawal Table E Owners Shares % Comments Legal entities Persons Table F Clients Quantity Structure The biggest clients Data shown as for Jan Page 62 of 78

63 22. Private Joint Stock Commercial Bank "Alp-Jamol bank" Address 21, Ataturk street, Tashkent, Table A Tel Fax Web-site Short-history Branches (99871) (99871) alpjamolbank@sarkor.uz Founded in Since issued several bonds emissions. 3 branches Business information Table B Year Capital (mln. $) Net profit (mln. Credit portfolio $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % 0.0% 0.0% % 0.0% 0.0% % 0.0% 0.0% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.2 Staff information* Management Position Name Previous job: Chairman of the board - Mr. Nasrullaev H. 0 Deputy - Mr. Abdurashidov F. Uzbek-Turkish Bank *Data shown as for Aug Page 63 of 78

64 22. Private Joint Stock Commercial Bank "Alp-Jamol bank" Table D Local payments Services charges International LC & Guarantee payments Cash withdrawal Owners Shares % Comments Table E Table F "Vis Agro Ltd" Other legal entities Persons (thousands, %) Clients Quantity Structure The biggest clients Total quantity 5.7 "Marvel juice" Persons Companies "Tashkent parranda" JSC (chicken) "Kurilish mollari savdo" (Trade) Data shown as for Jan Page 64 of 78

65 23. Private Joint Stock Commercial Bank "Parvina - Bank" Table A Address 82 B, Uzbekistanskaya street, Samarkand, Uzbekistan, Tel (998662) / Fax (998662) Web-site Short-history Branches parvina@rol.uz no Founded in branches Business information Table B Year Capital Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % 0.0% 0.0% % 27.3% 38.4% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.28 Staff information* Management Position Name Previous job: Chairman of the Mr. Kadirov A. board - Deputy - Mr. Djabarov M. 0 Table D *Data shown as for Feb Local payments Services charges International LC & Guarantee payments Cash withdrawal 0.1%-0.2% (max $ ) LC % (per quarter) 0% 0 Guarantee - 0.1%-0.3% USD - 5% Page 65 of 78

66 23. Private Joint Stock Commercial Bank "Parvina - Bank" Table E Owners Shares % Comments Legal entities (5) Persons (15) Table F (thousands, %) Clients Quantity Structure The biggest clients Total quantity Tashkent Financial Institute (Education) Persons Companies JSC "SINO" (Manufacturer of home appliances) 0 Data shown as for Feb Page 66 of 78

67 24. Private Joint Stock Commercial "Universalbank" Address 18, Istiklol street, Kokand, Uzbekistan, Table A Tel ( ) / Fax ( ) Web-site Short-history Branches Universalbank was licensed as a commercial bank on July 23, As of February 2003, Universal Bank has six branches in Tashkent, Fergana, Kokand, and Iangukurgan with plans to open additional branches in the near future. 6 branches Business information Table B Year Capital (mln. $) Net profit Credit portfolio (mln. $) Bad debts (% from general credit portfolio) Reliability Liquidity profitability % % 0.0% 0.0% % 0.0% 0.0% Dec 31, Dec 31, Dec 31, Rates: 1$ Uzbek soums 1$ Uzbek soums 1$ - 1, Uzbek soums Table C Total number of employees (thousand) 0.10 Staff information Management Position Name Previous job: Chairman of the board - Mr. Yuldashev A. Deputy - Abdullaev O. 0 Page 67 of 78