Post on 13-Jan-2016
description
Page 1
•Update on recent developments
• May 2008
Page 2
Nurbank Highlights
Progress in transparency of shareholders’ structure – official disclosure of ultimate beneficiaries
Capital injection of USD $95 million with capital adequacy ratio at 21.7% - one of the highest ratios within the sector
Qualified professionals with proven track record joined the Bank
9th largest bank in Kazakhstan by assets with US$ 1,965 bln as of the end of 1Q 2008
The foreign debt exposure of total liabilities is 19.5% - one of the lowest ratios within Kazakh banking sector
Proven stability of the bank - successful pay out of $135 mm Syndicated Loan in October 2007 and $150 mm of Eurobonds in April 2008 with no refinancing
Bank’s ratings were confirmed by Moody’s at the level of B1/Stable (confidence in changes in the Bank’s shareholders structure and top-management and their activity)
Progress in Corporate Governance, improvement in Efficiency
and Increase in Investors’ Confidence
Page 3
Shareholders’ Structure
26%
74%
Nazarbayeva D.N Aliev N.R.
Minorities
Constant Improvement in Bank’s Transparency, including Shareholders’ Structure
Nurbank’s shareholders are long-term investors: Ms.Dariga N. Nazarbayeva and Mr. Nurali R. Aliyev
► Directly control almost 50% of the shareholder’s equity (important official disclosure of ownership)
► Supportive Shareholders with proved capacity to further increase share capital by additional capital injections.
Shareholder’s equity, USDmm
38 4882
104
178
309
0
60
120
180
240
300
360
2002 2003 2004 2005 2006 2007
Page 4
Management Board
Chairman of the ManagementBoard (CEO)
Nurmukhamed Bektemissov
SME
Mr. Baikhanov
Managing Director
Corporate Business
Mr. Nadyrov
Managing Director
Retail Business
Mrs. Belozertseva
Managing Director
Investment Banking
Mr. Nurskenov
Managing Director
CFO
Mrs. Ekler
CIO
Mr. Chuchelov
COO
Mrs. Bogatkina
Organizational Structure Revised According to the Best International Practice with Focus on Client Orientation
Page 5
Financial Group
Pension Asset Management- Best company in PAMC sector of- Kazakhstan in 2006- Assets Under Management 260 mn USD
Leasing Company Total Assets – 9 mn USD
Pension Fund- Total clients 271 582
Insurance Company
- Non-life insurance
Brokerage and Dealing Operations- Brokerage services- Underwriting
► 100%
► 82%
► 100%
► 53%
► 100%
ASSET MANAGEMENT & BROKERAGE COMPANY EXPERTSMONEY EXPERTSMONEY
Capacity to provide full scope of financial services to clients
Page 6
RUSSIA
MO
NG
OL
IA
CHINA
KYRGYZSTAN
UZBEKISTAN
TURKMENISTAN
AZERBAIJAN
Kyzyl-Orda
Shymkent
Taraz
Almaty
Taldy-Korgan
Ust-Kamenogorsk
Pavlodar
ASTANA
Aktobe
Uralsk
Atyrau
Aktau
Kokshetau
Petropavlovsk
Kostanay
16- branches 36- sub-branches
Zharkent
28
2
15
184 - ATMs
16
16
14
37
16
5
6
4
3
8
n
Northern Regional Direction
Southern-Eastern Regional Direction
Western Regional Direction
Branch Network
Wide Branch Network – Present in Major Areas of Kazakhstan
Page 7
Nurbank’s position vs. Kazakh peers
Stable Position Among Second-Tier Banks with Strong Capitalization
Bank (US$ million) Equity
1 BTA 3 393
2 KKB 2 326
3 Alliance 1 355
4 Halyk 1 239
5 ATF 612 6 BCC 599
7 Temir 460
8 NURBANK 325
9 Sberbank 270
10 Caspian 244
11 Eurasian 169
Bank (US$ billion) Assets
1 BTA 22 639
2 KKB 21 557
3 Halyk 13 494
4 Alliance 9 549
5 ATF 8 596
6 BCC 7 018
7 Temir 2 775
8 Caspian 2 093
9 NURBANK 1 965
10 Eurasian 1 524
11 ABN AMRO 1 328
As of 01.04.08
Source: for Nurbank - consolidated 1Q 2008 results (IFRS); for other banks – AFN data as of 01.04.08, unaudited, unconsolidated data; Exchange rate KZT/USD = 120.69
Page 8
Key Financials
US$ mm or % 2005 2006 2007 06/07 1Q 2008*
Total Assets 909 1 596 1 652 3.5% 1 965
Loan Portfolio, net 550 1 133 1 279 13% 1 269
Shareholder’s Equity 104 178 309 74% 325
Deposit base 347 589 498 (15%) 858
Net Interest Income 31 43 85 98% 21
Net Income 15 11 25 127% 5
Net Interest Margin (before provisions)**
4.3% 4.3% 6.2% 5.8%
NPL 0.85% 1.56% 3.5% 1.9%
Cost/Income Ratio 68.4% 54.2% 45% 43.6%
ROAE** 16.3% 7.3% 10.2% 6.2%
ROAA** 1.9% 0.9% 1.5% 1%
Capital Adequacy*** 15% 16% 20.9% 21.7%Source: Nurbank Audited report 2007
*Nurbank consolidated 1Q 2008 results (IFRS), **Bank only, ***K2 ratio for the Bank,
Page 9
Loan Portfolio
565
1 153 1 311 1 314
0,00
1000,00
2000,00
US
D, m
m
01.01.200601.01.200701.01.200801.04.2008
Loan Portfolio
22%
69%
9%
Retail
Corporate
SME
Breakdown by Borrower Category as of 01.04.2008
Source: unconsolidated 1Q 2008 results (IFRS)
Conservative Lending Policy and Moderate Growth of Assets
Improving Risk Profile of the Loan Portfolio through Diversification
Plans to Increase Loan Portfolio by 10% by the end of 2008
Well Diversified Loan Portfolio with Moderate Exposure to the Construction Sector
Increase of the SME and Retail Portfolio up to 50% in 2010
14%
3%
12%
5%
26%
6%
7%
25%
2%
Construction
Real Estate
Retail
Food Industry
Agriculture
Trade
Transport
Oil and gas
Other
Industry Breakdown as of 01.04.2008
Page 10
Corporate Business
25,08
298,69
33,28
493,15
-
200,00
400,00
600,00
US
D, m
m
01.01.2008 01.04.2008
DepositsCurrent Accounts
Time Deposits
Priority to Key Corporate Clients with Retail Exposure to Cross-Sell Retail Banking Focus on Trade Finance to Decrease Funding Costs to the Clients Investment Banking Solutions for the Large Customers
642,99858,04 903,78
0,00
500,00
1000,00
US
D, m
mLoan Portfolio 01.01.2007
01.01.2008
01.04.2008
Source: unconsolidated 1Q 2008 results (IFRS)
Page 11
SME Business
80,26
6,72
111,81
44,41
-
50,00
100,00
150,00
US
D,
mm
01.01.2008 01.04.2008
Deposits
Current Accounts
Time Deposits
299,58
170,27122,43
0,00
200,00
400,00
US
D, m
m
Loan Portfolio 01.01.2007
01.01.2008
01.04.2008
Source: unconsolidated 1Q 2008 results (IFRS)
SME is the Key Area for the Bank’s Growth Decrease in the Loan Portfolio is Related to Reclassification of the Loan Portfolio to
Identify “pure” SME clients so that to Serve Them Faster and Better Plans to Increase SME Loan Portfolio up to USD265mm by the end 2008
Page 12
Retail Business
211
283 288
0
100
200
300
US
D,
mm
Loan Portfolio 01.01.2007
01.01.2008
01.04.2008
22
65
16
159
-
50
100
150
200
US
D, m
m
01.01.2008 01.04.2008
DepositsCurrent Accounts
Time Deposits
Source: unconsolidated 1Q 2008 results (IFRS)
Improving Confidence of Individuals in the Bank translates into Increase of the Retail Deposit Base
Healthy Risk Profile of Retail Loan Portfolio - No Unsecured Consumer Finance
Page 13
Syndicated loans 12%
Deposits 46%
KZT notes 16%
Other interbank
placements and loans 3%
Equity 16%
Eurobonds 7%
Reliable Funding Base (IFRS)Significant Capitalization and Growth in Local Deposit Base
375 347589 498
95
271
72
100178
57
150
300141
157
298
95
858
233
234
11670
0
300
309
142
120
64
52
39
112 214
17
66
53
43
0
500
1000
1500
2000
2500
2004 2005 2006 2007 1Q2008
US
$mm
Retained earningsEquity (Share Capital + Reserves)KZT notesEurobondsOther interbank placements and loans Syndicated loansDeposits
• Source: Nurbank consolidated 1Q 2008 results (IFRS)
Funding Compositionas of 01.04.2008
• Source: Nurbank Audited Report 2007; consolidated 1Q 2008 results (IFRS)
Funding trends
Page 14
• Source: AFN deposit base, excluding NurfinanceBV
Deposit base growth (USD mn)
Deposit base
• Source: AFN deposit base, excluding NurfinanceBV
Deposit base growth (monthly)USD mn
8
Deposit base growth - growing investors’ confidence due to new shareholders’ structure and top-management strengthening
58% growth during the second half of 2007 and 72% growth during first quarter of 2008
289
498
858
0
100
200
300
400
500
600
700
800
900
1 000
1H 2007 2007 1Q 2008
(US
$m
n)
289 310365 350
433486
431498
557
706
858
0% 7%26% 21%
50%68%
49%72%
93%
144%
197%
0
100
200
300
400
500
600
700
800
900
1 000
june july aug sept oct nov dec jan feb mar apr
(US
$m
)
-100%
-50%
0%
50%
100%
150%
200%
250%
%
deposit base growrth from beg. 2H 2007
Page 15
Strategy
►Enhance cross sales and create investment banking products for corporate clients
►Strengthen risk
management and improve
operating efficiency
►Penetrate retail and SME businesses through selective expansion into designated regions and improved servicing of the clients
►Strengthen local funding through increasing retail and corporate deposit base.
►Increase the volumes of trade finance to
provide clients with low-cost funding
► Expand current exposure to
the local capital marketsExpanding SME and Retail
Business with Focus
on Local Funding
Page 16
Contacts
• Mrs. Sholpan Sakhvaliyeva
• Executive Director
• International Department
• Tel. 007 (7272) 599 - 710 ext. 5330
• E-mail: SSakhvaliyeva@nurbank.kz
• Mr. Daniyar Nurskenov
• Managing Director
• Capital Markets and Investor Relations
• Tel. 007 (7272) 599 - 711
• E-mail: DNurskenov@nurbank.kz