2014 GLOBEXBANK in brief The Bank was established in 1992. General license №1942 dated 20.08.2012 issued by the Central Bank of Russia. In 2008 the Bank became a member of VEB Group. 99.99% of the Bank’s shares belong to the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)’’. GLOBEXBANK – is a universal bank rendering a wide range of banking products and financial services to the corporate clients and individuals. The Bank actively cooperates with OJSC “Russian Bank for Small and Medium Enterprises Support” (SME Bank) extending loans to small and medium-sized enterprises. The Bank offers a wide range of customized products to such clients. The Bank extends housing mortgage loans in accordance with terms and conditions of the Federal Program for housing mortgage lending within the standards of the Agency for Housing Mortgage Lending (AHML). GLOBEXBANK’s auditor is “ERNST & YOUNG”. The Bank is the participant of the Russian Mandatory Deposit Insurance System. 2 Strong relationship and support from VEB Conservative capital and funding policy Strong financial performance with high-quality loan portfolio Rapidly expanding customer base and regional network Diversified business model with universal servicing platform Strategic relationship with key major Russian corporates 3 GLOBEXBANK in brief Regional network 70 offices in 5 Federal Districts (Central Federal District, Northwestern Federal District, Southern Federal District, Siberian Federal District, Privolzhsky Federal District). 4 GLOBEXBANK in brief LICENSES ISSUED BY THE CENTRAL BANK OF THE RUSSIAN FEDERATION: General license №1942 dated 20.08.2012 to perform banking operations License №1942 dated 24.10.2001 to perform banking operations with precious metals LICENSES ISSUED BY THE FEDERAL FINANCIAL MARKETS SERVICE: Licenses of the Professional Securities Market Participant: License №177-06625-100000 dated 16.05.2003 to perform brokerage operations License №177-06632-010000 dated 16.05.2003 to perform dealing operations License №177-06639-001000 dated 16.05.2003 for portfolio management Many other Licenses for various kinds of banking activity (see the site of GLOBEXBANK - www.globexbank.ru) 5 Board of Directors Shareholder structure Vladimir Dmitriev Management, 0.01% Chairman of the Board, VEB Chairman of the Board, GLOBEX 39 years of experience VEB, 99.99% • • Close relation to the Russian government through 99.99% VEB ownership Alexander Gruzinov First Deputy Chairman, VEB Director of Banking Security Dept, VEB Deputy Chairman, GLOBEX Member of the Board, GLOBEX 37 years of experience 41 years of experience Vladimir Minin • VEB liquidity support – RUB 15bn credit line and 2 subordinated loans totaling RUB 10bn Member of the Board, GLOBEX Member of the Board, GLOBEX 37 years of experience 19 years of experience Oleg Nikanov First Vice President, GLOBEX Vitaly Vavilin 13 years of experience Member of the Board, GLOBEX President of GLOBEX 24 years of experience 7 directors of the Board are from VEB Strong BoD Expertise – all directors have an established track record and experience in banking Alexander Zelenov Director of FI Dept, VEB Chief of Department of Subsidiary Banks, VEB Strong VEB support and supervision • • Nikolay Kosov Yulia Karpova Deputy Chairman, VEB Member of the Board, GLOBEX Anatoly Ballo 22 years of experience Deputy Chairman, VEB Member of the Board, GLOBEX Vladimir Kadannikov 31 years of experience Member of the Board, GLOBEX 37 years of experience 6 CORPORATE GOVERNANCE MANAGEMENT BOARD Vitaly Vavilin President of GLOBEX, Chairman of the Board Oleg Nikanov First Vice President Sergey Aldukhov Senior Vice President Svetlana Lebedeva Senior Vice President Larisa Sulatskaya Sergey Filippov Vladimir Yatsenko 7 Head of “Rostovsky” Branch Senior Vice President Senior Vice President GLOBEXBANK’S STRATEGY OF DEVELOPMENT UP TO 2024 In accordance with the current strategy of development of GLOBEXBANK the main task of the Bank is to increase its market capitalization with the profitability of the capital of 15%. In accordance with the strategic goals set up for the increase of the capitalization of GLOBEX, the Bank is focusing on diversification of its assets and funding base as well as on increase of transparency of the corporate management. The main guidelines for realization of the Bank’s strategy: Provision of the most satisfying level of banking services to the biggest corporate customers of the Bank. Diversification of business – the increase of stability of the funding base of the Bank through decreasing of high share of the largest branches of industries in the Bank’s assets, development of active transactions in the most profitable clients’ segments: loans to small and medium-sized enterprises, loans to retail customers. Development of retail business – rendering of complex banking services to the personnel of the corporate customers and to the market customers of the Bank, increase of the share of high-margin retail products, which profitability is higher than in corporate business. 8 GLOBEXBANK’S STRATEGY OF DEVELOPMENT UP TO 2024 KEY TARGET INDICATORS: DYNAMICS OF CAPITAL, RUB mln (STRATEGY OF DEVELOPMENT UP TO 2024) 10,000 70,000 60,000 8,000 50,000 6,000 300,000 40,000 200,000 30,000 100,000 20,000 2,000 10,000 0 9 9 1/1/2024 1/1/2023 1/1/2022 1/1/2024 1/1/2023 1/1/2022 1/1/2021 1/1/2020 1/1/2019 1/1/2018 1/1/2017 1/1/2016 0 1/1/2015 1/1/2024 1/1/2023 1/1/2022 1/1/2021 1/1/2020 1/1/2019 1/1/2018 1/1/2017 1/1/2016 1/1/2015 0 4,000 1/1/2021 400,000 1/1/2020 500,000 1/1/2019 80,000 1/1/2018 600,000 12,000 1/1/2017 90,000 1/1/2016 700,000 DYNAMICS OF NET PROFIT, RUB mln (SТRATEGY OF DEVELOPMENT UP TO 2024) 1/1/2015 DYNAMICS OF ASSETS, RUB mln (STRATEGY OF DEVELOPMENT UP TO 2024 ) DYNAMICS OF KEY FINANCIAL INDICATORS OF GLOBEXBANK Financial Indicators (RUB mln.) Total assets Shareholders’ equity * Profit (EARD) 01.01.2011 01.01.2012 01.01.2013 01.01.2014 112 823 173 163 237 589 260 957 22 742 26 157 30 811 36 334 1 116 1 577 1 068 1191 * Calculated in accordance with the Regulations of the Central Bank of the Russian Federation No.215-P 10 STRUCTURE OF CORPORATE LOAN PORTFOLIO as of 01.01.2014, % Other 17,1% Construction and real estate 25,1% Manufacturing 14,9% Leasing 15,1% 11 Trading 27,8% 10.00% 5.00% 0.00% Trading Construction Energy and real estate infrastructure 01.01.2012 12 01.01.2013 Leasing 01.01.2014 Other 21% 25.00% 33.78% 15.1% 13.00% 12.31% 11.0% 0.00% 15.00% 3.00% 20.00% 3.82% 25.00% 25.1% 17.00% 30.00% 27.8% 35.00% 30.00% 40.00% 32.01% DYNAMICS OF SECTORAL STRUCTURE OF LOAN PORTFOLIO, % THE LARGEST BORROWERS IN 2013 Sector Credit line, RUB mln Leasing 1 100 Storage and processing of metal products 1 400 International communications services 4 800 Building in Power Engineering 900 CJSC “LenSpetzSMU” Building industry 1 200 CJSC “Clothes 3000” Retail trading of clothes 500 Leasing 2 500 Trading of steel products 700 Construction 500 Leasing 500 Infrastructuring of oil and gas fields 1000 Air transportation 1000 Name of the Borrower PLC “TransFin-М” OJSC “Меtallservice” OJSC “Rostelecom” CJSC ISK “Soyuz-Seti” CJSC “Еvroplan” CJSC “Меtallcomplect- М” ООО “FPK Satory” PLC “Leasing Company Uralsib” PLC “SGK-Аutomation” OJSC Air Company “UT-Air” 13 INTERNATIONAL CREDIT RATINGS OF GLOBEXBANK FITCH RATINGS Long-Term/Short-Term Issuer Default Ratings: BB-/B Viability Rating: bSupport Rating: 3 National Long-Term Rating: A+(rus) Negative Outlook STANDARD & POOR’S Long-Term/Short-Term Rating: BB-/B National Scale Long-Rerm Rating: ruAA-» Negative Outlook 14 INTERNATIONAL BUSINESS Cooperation of GLOBEXBANK with foreign banks and international financial institutions Total volume of credit risk limits set up by foreign banks on GLOBEXBANK for the purpose of realization of trade and project finance deals amounts to more than USD 650 mln. Total volume of credit risk limits set up on GLOBEXBANK by Export Credit Agencies exceeds USD 500 mln. The Bank cooperates with Export Credit Agencies such as Euler Hermes, SACE, Attradius, The Belgian Export Credit Agency, EDC, EGAP, KUKE etc. GLOBEXBANK actively cooperates with the leading foreign financial institutions such as Commerzbank AG, Deutsche Bank AG, Credit Suisse AG, UBS AG, Raiffeisen Bank International AG, HSBC, ING Bank N.V., Banque de Commerce et de Placements-BCP, Bank of China, EximBank of Korea etc. GLOBEXBANK actively works in the field of trade and project finance with foreign banks from Germany, Austria, Switzerland, Netherlands, Italy, France, China, Turkey etc. 15 INTERBANK BUSINESS AREAS OF COOPERATION Based on a long period experience of work with the commercial banks on various financial markets GLOBEXBANK offers cooperation in traditional areas of interbank business to its banks-partners: Settlements through correspondent accounts opened in GLOBEX in Russian Roubles and foreign currencies Currency conversion operations Interbank lending operations Besides, the Bank offers cooperation in other areas of interbank business to its banks-partners : Security Market operations Documentary оperations Non-trading operations 16 INTERBANK BUSINESS CORRESPONDENT RELATIONSHIP As of January 01, 2014 NOSTRO correspondent network of GLOBEXBANK comprised 24 correspondent banks in Russia and abroad. GLOBEX maintains 62 correspondent accounts opened in Russian Rubles, foreign currencies and accounts for operations with precious metals. As the result of constant work with the prime correspondent banks GLOBEX is able to offer and provide the most efficient and time-effective settlements to its customers. THE MAIN CORRESPONDENT BANKS OF GLOBEX: The main compete advantages of GLOBEXBANK include fast and efficient settlements with prolonged cut-off time for payment orders, the possibility to conduct settlements in 128 currencies, low payments fees and commissions, attractive interest rates on account balances (with no trigger balance requirements), flexible approach towards the respondent banks’ needs and requests. 17 INVESTMENT BANKING ACTIVITIES SERVICES IN INVESTMENT BANKING : Оrigination of bond issues Underwriting (Russian bonds market, Eurobonds) Syndicated loans underwriting and origination Debt capital origination M&A deals BONDS ISSUED BY THE BANK IN FIGURES: Series Stock Exchange 18 БО-4 МICEX БО-6 БО-7 БО-9 MICEX MICEX MICEX Identification number 4В020401942В 4В020601942В 4B020701942B 4В020901942В Quantity, mln. bonds 3 2 5 5 Face value, thousand of RUB 1000 1000 1000 1000 Volume of issue, RUB mln 3000 2000 5000 5000 Maturity date 01.08.2014 01.08.2014 04.12.2015 25.12.2016 Оffer paid 03.08.2012 paid 03.08.2012 08.12.2014 30.06.2014 Coupon, % 9,25 9,25 8,25 8,25 The bonds are included in the Lombard List of the Central Bank of the Russian Federation. PRODUCTS AND SERVICES Products and services for private customers Products and services for corporate customers International Business Products Import and export Letters of Term deposits Loans and financing Credit Bank cards Bank cards Bank guarantees, counter- Consumer lending Cash and Settlements guarantees and “Stand-by” Housing mortgage lending Bank guarantees and Letters of Credit Car lending Letters of Credit Trade finance Safety deposit boxes Brokerage Project finance Currency exchange operations Pension-savings programs Financial consulting services to Money transfers Internet banking the customers on foreign Memorable coins Distance Banking Services economic matters Current accounts Hedge of currency risks Bills Bills, deposits and certificates Precious metals accounts «GLOBEX PREMIUM» Products Premium banking products and services VIP servicing in special offices of the Bank Companies-partners’ programs 19 Head Office: 59, Zemlyanoy Val str., bld.2, Moscow, 109004 Russia Tel.: (495) 514-0-514 Fax: (499) 795-13-08 E-mail: post@globexbank.ru www.globexbank.ru 20