63,15 state share 29,9 mln. Us dollars Reviews by International Institutions world economic forum


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TURONBANK ENG

16000
14000
12000
10000
8000
6000
4000
2000
0

1189 (46%)

1378
(54%)

Domestic
sources
Foreign
debt
2000 2014
JOINT-STOCK COMMERCIAL BANK "TU RON BANK"
Year of establishment: November 6,1990.
As of Decemer 31, 2015



SALES NETWORK

Total

1

Branch Offices

17

2

Mini - Banks

27

3

Operational cash offices

61

4

Money Transfer Offices

28

5

Employees

1 076

SHAREHOLDERS OF THE BANK
7,07%
8,16%
1,02%
1,20%
1,41%
1,82%
3,52%
4,06%
4,48%
63,15%
_ The state committee of the Republic of Uzbekistan ® for privatization, demonopolization and development of competition
■ LLC "ZIKOS INVEST"
■ JV LLC "RUGGED STEEL"
| Specialised association "Uzsuvenergo”
■ LLC "PROSPERITY INVESTMENT"
■ LLC "PRIME INDUSTRIES GROUP"
The state joint-stock insurance company «Uzagrosugurta» LLC"USUB"
Other legal entities Individuals
The state share in the amount of 63.1% (29,9 min. USD) in the authorized capital of the joint-stock commercial bank'Turonbank" offered to strategic foreign investors.
Key Financial Indicators of JSC Turonbank
(in min. USD)

Indicators

December
31,2014

December
31,2015

Changes
(%)

Assets

243,9

252,4

3,5

Capital

25,5

32,7

28,2

Charter capital

20,1

17,8

-11*

Loan portfolio

163,9

154,9

-5,5*

Net profit

7,3

5,7

-21,9

* Exchange rate as of December 31, is 1 USD = 2 422,40 UZS (2014), 1 USD = 2 809,98 UZS (2015).
Key Financial Ratios of JSC Turonbank
as of December 31, 2015

Indicators

ln%

Market
position
(in 26 Banks)

Minimum requirements of CB of UZB
(%)

ROA

2,3%

6

-

ROE

32,3%

4

-

Liquidity Ratio

37%

-

30

Capital Adequacy Ratio

13,9%

-

10

Loan Portfolio as of December 31, 2015
Loans and Leases by the Sectors of the Economy
Loans and leases by the types of clients
■ Small and medium enterprises Individuals
Corporate clients
■ Others
9,5%
■ Housing and utility services
■ Industry
■ Agriculture
■ Transport and communications
■ Construction
■ Trade and public catering Procurement and marketing
■ Other sectors
CLIENT BASE
Small and medium enterprises; В Trade;
В Agriculture;
В Construction and Industry;
В Others;
21,0%
□ Individual clients
_3,5%
22000 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0
2010 2011 2012 2013 2014 2015
■ Corporate clients
MAIN CORPORATE CLIENTS
Specialised association «Uzsuvenergo» (Founded in 1995, subdivision of Ministry of Agriculture and Water Resources of the Republic of Uzbekistan)
JSC «Uzsuvloyiha» (organizing spend design and survey works in agriculture sector)
LLC «UZGIP» (Project Institution)
JSC «OhangaronCement» (manufacturing of cement)
JSC «QuvasoyCement» (manufacturing of cement)
LLC «Tupalangsuv GES Kurilish»
Unitary company «Rezaksoy Suv Qurilish»
FC LLC «Nokia Solutions and Networks Tashkent»
FC LLC «ZTE-INVESTMENT» (a globally-leading provider of telecommunications equipment and network solutions)
JV LLC «Peng Sheng» (manufacturing tiles, mobile phones, shoes)
FC LLC «Nature Cotton» (manufacturing of yarn)
JV LLC «BL Lazeroptika»
JV LLC «Elektron Xisoblagich»
The Bank has established correspondent relations with 75 Banks all over the world and open correspondent accounts with such Banks as:
• Bank of China (China)
• Agriculture bank of China
• Korea Exchange Bank (Korea)
• JSC “Sberbank” (Savingsbank) (Russia)
• JSC “VTB Bank” (Russia)
• JSC “Russlavbank” (Russia)
• JSC “Promsvyazbank” (Russia)
• Asia-lnvestbank (Russia)
Advantages for "Strategic Investors" of acquisition of State
shares of JSC Turonbank
• Rights to vote and control over the activity one of the stable growing bank in Uzbekistan (63,15% shares).
• Expanding business network one of the fast developing country in Central Asia with a population over 30 million and legal entities over 250 thousand.
• Cooperation of “Strategic Investor” with I FI like IFC or ADB makes the bank the best not only in Uzbekistan but in Central Asia.
• International Agreements for the Avoidance of Double Taxation has been signed with the Republic of Korea.
• Liquidation of red tape in work of foreign investors and prevent illegal infringement of controlling and state bodies to activities of the enterprises with foreign investments (The Decree of the President of Uzbekistan #UP-4434, dd. 10.04.2012).
• New privileges and incentives:
V The decree has banned and said it is illegal to set additional requirements and limitations to the activities of foreign investors and enterprises with foreign capital by ministries and departments, state bodies in regions, law enforcement and controlling bodies;
V The prosecutors entrusted to control over adherence of the state and controlling bodies of current laws on protecting rights and guarantees of foreign enterprises, companies with foreign investors and adopt measures to prevent violations by the state bodies;
The Cabinet of Ministers of the Republic of Uzbekistan was entrusted to provide access to foreign investors to economic information, including on the State budget and its execution, monetary-credit policy, indexes of foreign trade and other information, which are necessary to their investment activities;
Government Support;
• Good conditions to earn maximum profit.
• Until January 1,2020 freed up from income tax, revenues of foreign investors earned in the form of dividends on shares held by them in joint stock companies. (The Decree of the President of Uzbekistan #UP-2454, dd 21.12.2015).
BUSINESS PARTNERS
Turonbank is a member of the following associations, funds and international organizations:
• The Uzbekistan Banks Association;
• Guarantee Fund of Deposits of the Population of the Republic of Uzbekistan;
• The Republican Interbank Foreign Currency Exchange;
• The Republican Stock Exchange “Tashkent”;
• Trade and Industry Chamber of the RUz;
• The International System of Electronic Payments “SWIFT” (Since 2004);
• The International System of Payments Visa International (Since 2009);
• The information-dealing system “THOMSON REUTERS” (Since 2007);
• Systems of international money transfers and money transfer systems for the CIS countries
VISA
if:
THOMSON REUTERS
MoneyGram
International Money Transfer
WESTERNII INION I I
^Золотая
Корона
Rating Scores of JSC Turonbank
2011 I 2012 I 2013 I 2014 I 2015
B-/C
Stable
STANDARD
&POOR'S
PROGRESS WIDELY RECOGNIZED BY LEADING AGENCIES, INTERNATIONAL ORGANIZATIONS AND MEMBERSHIPS:
The Golden Award for Quality & Business Prestige 2015 (Geneva)
OtherWays*
MANAGEMENTS CONSULTING
The Thomson Reuters awarded Turonbank in nomination the most active bank is
recognized as the best for 2013;
JiltS
•Щу
THOMSON REUTERS
The Bank became the winner in "Best Mobile Banking 2014" award
"Global Finance"
(USA).
Involved and implemented credit lines International Fund for Agricultural Development (IFAD).
IFAD
INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT
Д
The Bank became the winner in the "Bank of the Year 2013" award financial magazine
The Banker (UK).
Involved credit lines of IDA, IBRD and grants of Global Ecological Fund (World Bank Group)
THE
WORLD
BANK
2 5 у™™
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