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Investor Presentation Q2 2014
2
General Economy Currency
Population: 9.2 Million Currency: Azerbaijani Manat (AZN)
GDP: USD 74 Billion
GDP per Capita (PPP): USD 13,486
GDP growth: 5.8 %
Inflation: 2.4%
1 USD = AZN 0.7844
Sources: Central Bank of the Republic of Azerbaijan, Data as of January 31, 2014; The Economist Intelligence Unit, Azerbaijan
Country Report ,2013
Area: 86,600 km2
Largest Cities: Baku, Ganja, Sumgayit, Mingachevir, Lenkaran
AZERBAIJAN: KEY FACTS
Ratings
Moody’s: Baa3 / Stable Fitch: BBB-/ Stable S&P: BBB- / Stable
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AZERBAIJAN: KEY FACTS
0
20000
40000
60000
80000
2005 2006 2007 2008 2009 2010 2011 2012 2013
non-oil oil sector
0
20000
40000
60000
2005 2006 2007 2008 2009 2010 2011 2012 2013
0
5000
10000
15000
20000
25000
2005 2006 2007 2008 2009 2010 2011 2012 2013
0
10000
20000
30000
40000
2008 2009 2010 2011 2012 2013 2014*
Sources: Central Bank of the Republic of Azerbaijan, Data as of Jan 31, 2014; The Economist Intelligence Unit, Azerbaijan Country
Report, 2013; State Oil Fund of the Republic of Azerbaijan; *forecast 2014
USD mln GDP USD mln Foreign Trade Surplus
USD mln Currency Reserves USD mln State Oil Fund – Total Assets
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INTRODUCTION TO ACCESSBANK
Universal Commercial Bank with Focus on Micro and SME Lending
Among Top Banks in Azerbaijan in Business Lending
Strong shareholder structure with triple A rated IFI’s owning majority stake
Highest international credit rating of local commercial banks: ‘BB+ outlook stable’ by
Market leader in portfolio quality
Total Equity Net Profit
USD
25.7 million
CAR ROE ROA PaR>30 days
0.20%
Total Assets Loan Portfolio
USD
928 million
USD
1.2 bn
USD
171 million
17.1% 32.4% 4.8%
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FINANCIAL HIGHLIGHTS Q2 2014
* Numbers based on management accounts
Total Equity Net Profit
USD
35 million
CAR ROE ROA PaR>30 days
0.36%
Total Assets Loan Portfolio
USD
800 million
USD
1.0 bn
USD
146 million
17.2% 28.7% 4.3%
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FINANCIAL HIGHLIGHTS 2013
* Numbers based on management accounts
Development of Loan Portfolio USD million Number of Loans
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LOAN PORTFOLIO DEVELOPMENT
0
100
200
300
400
500
600
700
800
900
1 000
50 000
70 000
90 000
110 000
130 000
150 000
170 000
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LOAN PORTFOLIO BY SEGMENT
Loan Portfolio by Segment
*USD million Amount Clients
Micro portfolio 412 121,747
SME portfolio 386 2,482
Retail portfolio 85 31,026
Mortgage loan portfolio 29,3 835
46%
42%
9% 3%
Micro Loans SME Loans
Retail Loans Mortgage Loans
*Data based on management accounts as of June 30, 2014
Continuous Dynamic Growth in Business Lending since 2005
USD million
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CONTINUOUS DYNAMIC GROWTH
0
200
400
600
800
1000
1200
1400
2005 2006 2007 2008 2009 2010 2011 2012 2013 Jun 2014
Total Assets Loan Portfolio
Asset Quality Cost/Income Ratio
ROAE Net Profit
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KEY FINANCIAL RATIOS
USD mln
0,85%
1,00%
0,76%
0,63%
0,36%
0,20%
0,15%
0,35%
0,55%
0,75%
0,95%
1,15%
2009 2010 2011 2012 2013 Jun 2014
PaR > 30 days
25
33
22,3 20,2
35
25,4
0
10
20
30
40
2009 2010 2011 2012 2013 Jun 2014
58,2% 57,0%
70,1%
72,4%
65,1%
58,5%
50,0%
60,0%
70,0%
80,0%
2009 2010 2011 2012 2013 Jun 2014
60,0% 51,8%
24,3%
18,6%
28.7%
32,9%
10%
30%
50%
70%
2009 2010 2011 2012 2013 Jun 2014
Source: Fineko Ranking, Data as of December 2013, Exchange Rate USD/AZN: 0.7844
Total Assets (USD million)
Loan Portfolio (USD million)
Total Equity (USD million)
1 Azerbaijan International Bank (IBA) 9.143 6.814 1.152
2 Xalq Bank 1.634 1.273 262
3 Kapital Bank 1.336 985 209
4 Bank Standard 1.290 980 60
5 AccessBank 1.006 800 146
6 UniBank 943 761 145
7 Pasha Bank 899 461 274
8 Bank of Baku 849 628 159
9 Bank Technique 665 430 79
10 Bank Respublika 604 372 82
11 AGBank 596 428 64
12 DemirBank 516 396 76
13 Bank of Azerbaijan 499 464 56
14 Muganbank 434 280 64
15 Expressbank 298 230 157
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TOP BANKS IN AZERBAIJAN
Branches: 42 Employees: 2020
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OUTREACH
14 Branches in Baku
28 Regional Branches
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Black Sea Trade and Development Bank (20% )
European Bank for Reconstruction and Development (20%)
International Finance Corporation (20%)
Kreditanstalt fuer Wiederaufbau (20%)
Access Microfinance Holding AG (16.53%)
LFS Financial Systems GmbH (3.47%)
SHAREHOLDER STRUCTURE
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Market leader in Micro lending
Maintaining leading position in SME lending
Focus on Regions
Focus on Agro lending
Expanding Mortgage lending
STRATEGY
Raiffeisen International, USD 60m Syndicated Loan, 1-y (03/2014)
IFC, USD 15m Senior Loan, 5-y (12/2012)
OPEC/OFID, USD 10m Senior Loan, 5-y (12/2012)
EBRD, USD 25m Senior Loan, 5-y (08/2012)
FMO/OeEB/Proparco, USD 60m Syndicated Loan, 4-y (06/2013)
ADB, USD 50m Senior Loan, 5-y (07/2013)
BSTDB, USD 15m Senior Loan, 3-y (06/2014)
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KEY REFINANCING TRANSACTIONS
FMO, USD 65m Syndicated Loan, 5-y (06/2014)
GGF, USD 15m Energy Efficiency Loan, 5-y (06/2014)
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LARGEST REFINANCING PARTNERS
• ADB • FMO • responsAbility • KfW • EBRD • IFC • EFSE • OPEC/OFID • DWM • Symbiotics • Proparco • OeEB • BSTDB • Deutsche Bank
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INTERNATIONAL RECOGNITION
Frequent recognition by reputable financial publications for outstanding results and achievements
Fitch Ratings consistently reaffirms AccessBank’s ‘BB+ outlook stable’ rating – the highest in the country (reconfirmed in December 2013)
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CONTACT
Farida Pirverdiyeva TEL: + 99 412 490 80 10
International Partner Relations Manager EMAIL: [email protected]
Tatyana Maslova TEL: + 99 450 301 06 65
International Partner Relations Leading Specialist
EMAIL: [email protected]
