TAIBA LEASING COMPANY DUSHANBE BUSINESS FORUM 2013

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Country Overview

Socio-Economic Indicators, 2012 estimates

Population (million) 30.0

Total area (sq. km) 447,400

Nominal GDP USD 48.3 billion

GDP Growth rate 8.2%

Inflation 7.0%

External Turnover Exports :USD 16.65 Bio

Imports :USD 15.53 Bio

Unemployment rate 4.8%

Major Industries

Textiles, Food processing,

Mining, hydrocarbon

extraction, metallurgy,

Chemicals

Industrial Output

USD 25.6 Bio

Agricultural Output USD 12.3 Bio

Growth rate of

industrial products 7.7%

• Surplus performance of State budget since 2005.

• Total volume Public Debt of external borrowings does not exceed 16.0% out of GDP at January 1, 2013.

• Internal borrowings rate is zero.

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0

200

400

600

800

1000

1200

1400

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

37 45149

245337

818

1,122 1,1351,258

1,297

Leasing Market in Uzbekistan

UZS in Billions

2005

2006

2007

2008

2009

2010

2011

2012

No. of lessors 28 33 49 64 86 83 84 99*

* Banks – 26 , Leasing Companies - 73

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Leasing Volume (UZS in Billions) in 2012

Top 5 Banks by volume of leasing operation

Asaka Bank 107.6 Ipoteka Bank 27.4 Microcreditbank 21.2 Turon Bank 8.1 Trust Bank 7.5

Uzqishloqhujalikmashlizing 197.7 O`zavtosanoat-Leasing 55.3 Uzmeliomashlizing 39.1 Uzbek leasing 19.1 Qurilishlizing 12.7

Top 5 Leasing Companies by volume

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Structural reorganization of lease objects

5,5%

94% 0,5%

Y2000

24,4%

33,1%

29,4%

13,1%

Y2012

Technological equipment

Agricultural equipment

Vehicles

Property

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Distribution of lease transaction by types of technological

equipment provided by leasing companies during 2012

0.3%

0.9%

2.0%

6.0%

8.4%

9.0%

12.7%

15.9%

17.7%

27.2%

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%

Office equipment

Woodworking

Printing

Trade

Light industry

Medical equipment

Food production

Others (chemical, energy)

Construction and construction materials…

Melioration

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• “Taiba Leasing LLC” started its activity in March 2011 with a Charter Capital of USD 5 Mio. Taiba is fully owned by Islamic Corporation for the Development of the Private Sector (ICD).

• Key financial figures (USDx000s) are as under:

About Taiba Leasing

123 206

842

38

627

3,224

0

500

1000

1500

2000

2500

3000

3500

4000

4500

2011 2012 2013P

Portfolio

Profitability

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Challenges

• Forwarding rate of GDP growth as consequence shows Leasing share was not grown and remain the same level 0.6% in spite of considerable growth of leasing transaction volume. Nevertheless leasing market has a big potential for growth. Absorption of leasing market is very high.

• Crucial point for development of leasing services is to get sufficient source of funds by leasing company.

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Opportunities

• Tax holiday on income from leasing operation until 2017.

• Existent big demand for financing by the reason of rapidly

growth of economy.

• Less sensitivity of Uzbekistan economy to world economic crisis in the last years.

• Increasing demand of preferences to use leasing instead of bank credit.

• Flexibility of leasing contract by comparison with other financial instrument on acquisition of fixed assets.

CONTACT US

Bakhodir Kadirov

General Director

6th Floor, International

Banking & Finance Center

1, Besh-Yogoch Street

Tashkent, 100066

Republic of Uzbekistan

Tel: (+99871) 140-44-49

Fax: (+99871) 140-44-48

E-mail: bakhodir.kadirov@taibaleasing.com

Website: www.taibaleasing.com