Eurasian Bank_presentation_H12008 - Investor Presentation...

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Unformatted text preview: Investor Presentation H1 2008 2 Content Kazakhstan ¡¡¡¡¡¡..................................... Eurasian Bank: Recent developments....¡¡¡¡¡¡¡.. Shareholder structure¡¡¡¡¡¡¡¡¡ Strategy¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡ Assets & Loan portfolio¡¡¡¡...¡¡¡.. Risk Management¡¡¡¡¡¡¡¡¡¡.. Liabilities & Equity ...¡¡¡¡¡..¡.......... Funding¡¡¡¡¡¡¡¡¡¡¡¡¡..¡.. Net profit¡¡¡¡¡¡¡¡¡¡¡¡¡¡.. Contacts¡¡¡¡¡¡¡¡¡¡¡¡¡¡. Appendix¡¡¡¡¡¡¡¡¡¡¡¡¡¡. pages 4 7 8 10 12 16 17 18 20 21 22 3 Disclaimer This presentation has been prepared and issued by Eurasian Bank. This publication is intended for professional and institutional customers. Certain information contained in this presentation includes forecast statements. Such forecast statements are not guarantees of future performance. These statements are based on management¡s current expectations or beliefs as of the date of this presentation and are the subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forecasts statements. Bank disclaims any intention or obligation to publicity update or revise any forecasts statements. All figures in this presentation are based on IFRS disclosure unless stated otherwise. 4 Kazakhstan: financial hub of Central Asia *Source: NSA, NBRK, reports by RenCap, Halyk Fianance E 2008 H1 2008 2007 2006 120 051 11 392 65 696 39 837 22 189 29 865 2 044 10.5 120 105 180 117 337 5 696 37 457 22 707 21 137 Assets of The National Fund (US$ mln) 25 667 21 556 14 092 Gold (US$ mln) 2 059 1 853 1 376 Inflation (%) 19.1 18.8 8.4 Exchange rate (US$ 1 = KZT) 120.8 121.7 12 592 51 901 44 887 17 389 126.1 GDP (nominal, US$ mln) 81 002 Direct Investments (US$ mln) 10 911 Export (US$ mln) 41 570 Import (US$ mln) 32 880 Foreign exchange reserves (US$ mln) 19 127 Government support of key economic sectors Wealthy mineral resources Low government debt Strengthening balance of payments Macroeconomic indicators Macroeconomic indicators Kazakhstan ratings Kazakhstan ratings Moody¡s: Baa2/Stable (June 9¡ 08) Fitch: BBB-/Negative (Nov 9¡ 08) S&P: BBB-/Negative (Apr 29¡ 08) Strengths Strengths Weaknesses Weaknesses Dollarised economy Weakening asset quality and stressed funding profile for Kazakh banks Volatility in prices for exported commodities 5 Government policy aimed at market stabilization Reduction of minimum reserve requirements: from 5% to 2% for local borrowings and from 7% to 3% for foreign borrowings, while US$3bn (KZT350bn) will be released. Intention to take up to 25% stakes in each of BTA, KKB, Halyk and Alliance in the form of capital, preference shares and subordinated debt. Total injections for each bank are: no less than $500mn for Halyk; no less than $370mn for Alliance; no less than $300mn for KKB; and around $2.3bn for BTA....
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This note was uploaded on 09/19/2011 for the course ECONOMICS eco3345 taught by Professor Smith during the Spring '10 term at Kazakhstan Institute of Management, Economics and Strategic Research.

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Eurasian Bank_presentation_H12008 - Investor Presentation...

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