CREDIT EUROPE BANK NV

Based on December 2015 consolidated figures

FIBA Group An international conglomerate with in-depth expertise in financial sector

Financial

Fiba Holding (1) Total Assets : $14.25 billion Total Equity : $1.21 billion

Non-financial

Fina Holding

89%

100% 40%

GEFIRUS SAS (France)

CEB Ltd (RU)

100%

Oney Bank Russia

CEB (Suisse) SA (CH) CEB Ltd (UAE)

100%

50%

100%

100%

100%

Notes: (1) Unaudited 30 June 2015 financials Credit Europe Asigurari – Reasigurari SA, a 100% owned subsidiary of CEG was sold for EUR 11.50 mio (book value – EUR 5.37 mio)

2

100%

9.588% 50%

CEB SA (RO) CEB (UA)

99.9%

Credit Europe Leasing LLC (UA) Ikano Finance Holding B.V Credit Europe Leasing SA (RO)

Cirus Holding B.V. Netherlands 100%

Ikano Bank Russia

Bank Other Financial Institution Joint Venture

FIBA Group Sustainable income generation from non-banking investments

Financial

Fina Holding (1)

Fiba Holding

Total Assets Total Equity

Retail

: $ 2.98 billion : $ 0.91 billion

Energy

Real Estate

Real Estate Development

Real Estate Management

Turkey, Russia, Ukraine Turkey

Turkey AJT, Turkey Fiba Mall Management

Turkey, Russia,

Other

Turkey

Turkey, Russia, Ukraine

ICS Lemi Invest Moldova

Notes: (1) Unaudited 30 June 2015 financials. Kumport (Fina Liman) sales has created positive effects on equity and cash for USD 750 mio and USD 900 mio respectively

3

Non-financial

Strategy 1

Integration of business lines Close proximity to clients

Turkey

China

U.A.E.

Ukraine

Russia

Romania

Switzerland

Malta

Key elements of success: Effective management of assets

Belgium

Netherlands

2

Germany

Current Product/ Country Matrix Across 11 Countries

International bank with strong Emerging Europe “experience” and focus on corporate and retail banking

Corporate & Commercial Banking Retail Banking Private Banking and Portfolio Mgmt Representative Office

Strategic Overview

Principle

Strategy

4

Strategic Roadmap To Further Strengthen CEB’s Franchise

Respect interests of customers and other stakeholders “Simple Banking” model providing “plain vanilla” products to clients Adhere to local and international regulations

Strengthening franchise in selected products and business lines with no new geographic expansion planned

Retail: Conventional and easy to use, retail banking and SME products provided through direct channels besides 135 branches, 685 ATMs and 23,519 point of sale terminals across 6 countries Corporate: International corporate banking with local experience and expertise, tailor-made trade services and special expertise in financing of selected commodities Robust risk management No dividend payment policy supports growth and enhances capital

Retail

Key Business Lines

Loans Deposits

Structured Trade & Commodity Finance Corporate

Balance Sheet & Project Finance

Strategy Implement best practices within the group, across all geographies and business lines in both risk management and sales/marketing Offer easy and transparent retail products such as deposits, credit cards, loans through various distribution channels Fine tune asset liability structure by offering time deposit accounts 1 to 10 years

Specialised TCF teams in Amsterdam, Geneva and Dubai Increase the market share in selected commodities Expand trade finance customer base by leveraging on local presence and market expertise Focus on project finance and balance sheet lending to solid companies within target sectors and geographies.

Figures at a Glance Overview Particulars €mm Total Assets

2013

2014

2015

10,158

8,715

8,366

Loans to Customers

6,653

5,855

5,487

Customer Deposits

6,002

5,788

5,467

109.14

62.95

62.47

94.28

58.01

48.20

Profit before tax Net Income Operating Expenses

301

256

224

Trade Volume

8,731

11,359

10,785

Cost/Income Ratio (In %)

51.30

45.70

45.30

CET 1 (In %)

8.1

11.11

in € million

Strategy

CEB NL

5

CEB

CEB

CEB

CEB

CEB

CEB

Russia

Romania

Suisse

Dubai

Ukraine

Cons.

Total Assets (€mm)

6,181

1,587

1,023

553

150

87

8,366

Loans to customers (€mm)

3,467

1,198

567

270

88

50

5,487

Customer Deposits (€mm)

4,216

397

588

237

26

8

5,467

42

2

5

4

8

3

48.20

# of Employees

287

2,988

827

56

23

51

4,242

# of Customers ('000s)

330

3,193

636

1

1

1

4,162

4

69

59

1

1

1

135

11.63 Net Income (€mm)

Key elements of success; Strong Capitalisation Sensitive to Asset Quality Dynamic & Hands-On Management Low Leveraged Balance Sheet Stable Deposit Base

Close proximity to clients Easy to use products Commitment to retail and corporate banking

# of Branches

CEB NV Consolidated– Balance Sheet ASSETS (€’000) Cash and balances at CB Financial assets at FVPL Financial investments Due from banks Loans to customers (net) Other assets (incl derivative financial instruments) Total Assets LIABILITIES Due to customers Due to banks Issued debt securities Other liabilities (incl derivative financial instruments) Subordinated liabilities Total Liabilities

FY 2013

FY 2014

FY 2015

500,873 17,536 1,550,019 692,841 6,652,984

375,330 19,184 1,243,658 364,224 5,854,569

532,139 7,578 1,022,454 450,562 5,482,829

743,526

857,654

872,898

10,157,780

8,714,619

8,368,460

6,002,197 1,631,970 862,220

5,788,178 773,676 399,049

5,467,021 469,054 440,540

442,407 577,713 9,516,509

453,934 513,701 7,928,538

547,739 561,747 7,486,101

429,500 163,748 93,944 254,720 (138,639) (31,649) (134,094)

429,500 266,712 58,033 348,724 11,299 (12,716) (317,300)

632,464 163,748 46,814 397,629 (31,348) 201 (328,982)

637,529 3,743 641,272 10,157,780

784,252 1,829 786,081 8,714,619

880,526 1,834 882,360 8,368,461

FY 2013 65.5% 105.6%

FY 2014 67.2% 106.1%

FY 2015 65.5% 100.7%

EQUITY Share capital Share premium C/Y P&L Retained earnings Hedge reserves Fair value reserves Translation reserve Equity attributable to sh-rs' of Parent Company Equity attributable to minority interests Total Equity Total Liabilities & Equity Key Ratios Loans/Assets Av. Loans/Av. Deposits

6

During 2015, the shareholder injected fresh total common equity of EUR 100 mio, which further strengthened CEB’s capital position Focus on core expertise customer focused balance sheet with loans representing 65% of total assets. The Bank ‘s loan book is approx. € 5.50 billion. Solid liquidity profile High quality liquid assets totaling to € 1.55 billion. Low leveraged business model with high quality capitalization Solvency ratio of 17.57% (2014: 16.69%) Common Equity Tier I ratio of 11.63% (2014: 11.15%) Leverage ratio at 9.55% (2014: 8.31%) Optimum ‘loans to deposits’ and ‘loans to assets’ ratio with 100.7% and 65.5% respectively at the consolidated level. Diversified funding base The Bank has a granular customer deposit base composed of €4 billion retail deposits and €1.5 billion corporate deposits collected both in developed and emerging markets. Maturity Profile 64% of the deposits of the bank are time deposits which clearly showcases the ability of the Bank to raise long term funds.

CEB NV Consolidated– Income Statement FY 2013

FY 2014

FY 2015

962,181 (519,303) 442,878

900,729 (504,381) 396,348

732,038 (456,206) 275,832

140,806 (64,065) 76,741

140,133 (65,564) 74,569

121,718 (51,777) 69,941

17,794 20,002 28,872

9,785 52,411 27,282

4,996 46,057 68,203

586,287

560,395

465,029

Impairment losses Net operating income

(176,338) 409,949

(243,579) 316,816

(167,555) 297,414

Personnel expenses G&A expenses Depreciation and amortisation Other operating expenses Other impairment losses Total operating expenses Share profit of associates

(154,735) (90,778) (22,649) (7,798) (24,688) (300,648) (158)

(132,826) (85,926) (17,055) (7,461) (12,936) (256,204) 2,340

(104,653) (65,902) (17,806) (20,567) (25,377) (234,305) (697)

109,143 (14,863)

62,952 (4,940)

62,472 (15,621)

94,280

58,013

46,851

FY 2013 4.9% 51.3% 17.2% 1.1%

FY 2014 4.7% 45.7% 10.5% 0.8%

FY 2015 3.5% 44.9% 7.3% 0.7%

INCOME STATEMENT (IN € '000) Interest Income Interest Expense Net Interest Income Commission Income Commission Expense Commission income, net Net trading income Other operating income Results from financial transactions Operating Income

Profit Before Tax Tax charge Profit for the year from cont’d op.s Key Ratios NIM Cost/Income RoE (before tax) RoA (before tax)

7

Proven business model that generates sustainable consolidated profit throughout all economic cycles

Operating income of € 465 million

Overview

Target

Performance

Cost optimisation without jeopardising franchise Close watch asset quality Profitability in all geographies Operating expenses reduced by 9% Y-o-Y Cost/income ratio improved to 44.9% Increase in Western European corporate business volumes Reduction in impairment losses and NII is attributed mainly due to less business volume in Russia and RUB depreciation €47 million consolidated net income

Assets (Assets in EUR Mio) Cash & CB balances Marketable securities Due from banks Loans to customers - Corporate loans - SME loans - Retail loans Derivative financial instruments Fixed assets Other assets TOTAL

FY 2013 501 1,568 693 6,653 3,341 186 3,127 347 142 254 10,158

Loan Breakdown

Assets by Product Type

FY 2015

375 1,263 364 5,855 3,855 138 1,861 451 172 235 8,715

532 1,030 451 5,483 4,080 82 1,321 451 214 208 8,369

Other 10%

CEB DU 5% CEB CH 6% Corp. 74%

Cash & Banks 12% Securities 12%

Customer focused balance sheet Loan portfolio represents 66% of total assets

Loans to customers

Total Assets: €8,366 million

66%

Corporate Loans by Entity

SME 2%

Retail 24%

FY 2014

Others 2%

Retail Loans by Entity

CEB NL 72%

CEB RO 22%

CEB NL 26%

5EB RO 3% CEB RU 12%

CEB RU 52%

Total Loans: €5,487 million 8

Total Corporate Loans: €4,083 million

Total Retail Loans: €1,322 million

Int’l Trade & Commodity Finance Int’l Trade & Commodity Finance

Corporate Banking Trade Volumes (€’mn)

Since its inception, CEB has been a niche player in structured trade and commodity finance Broad client range: large volume traders to small trading units Through our presence in key trading hubs such as Amsterdam, Geneva and Dubai as well as in raw material exporting and importing countries, we are perfectly positioned to handle our customers’ trade finance transactions across the globe

CEB NL(1) CEB

RU(2)

CEB

CH(1)

CEB

Dubai1)

FY 2013

FY 2014

FY 2015

5,893

7,710

7,523

1,318

1,787

1,561

575

752

774

937

1,100

915

8,731

11,359

10,785

Self-liquidating, secured or partly secured and short-term nature of trade finance accompanied by in-depth expertise gained over the years, it has been proven to be a sustainable business line and as well as proven to be resilient to turbulent times

(1) Entities with special focus on trade and commodity finance

Open to innovative trade products and structures

(2) CEB Russia provides trade related loans only

Serving traders with a range of specialised products Inland financing, prior to shipment against warehouse receipts, tank warrants and FCR Bills of Lading financing Distribution and Warehouse financing in the import country Receivables financing for sales to reputable parties Freight financing, covering transportation costs for sizable amounts Specialized in Metals (Ferrous and non-ferrous) Energy materials (oil & coal) Agro-chemicals (incl. fertilizers) General chemicals (plasticizers and polymers) Soft commodities (excl. perishables) Serving more than 200 worldwide freight brokers and ship owners for the daily cash flows 9

TOTAL (incl others)

Trade Volume Subsidiary Mix CEB CH 7%

CEB DU 9%

CEB RU 14%

CEB NL 70%

Source: Company disclosure, IFRS data.

Liabilities Deposits remain to be the main funding source of the bank Deposits By Geography

Deposits Represent 65% Of Total Funds

€1.4billion of deposits collected outside the Eurozone Other Equity 7% 10%

CEB RO 11%

CEB CH 4%

CEB RU 7%

Subdebt 7% Debt securities 5%

Deposits 65% CEB NL 77%

Due to banks 6%

Total Liabilities & Equity: €8.4 billion

Total Customer Deposits €5.5 billion

Deposit Collection Capabilities

Evolution Of Customer Deposits By Product Corporate Current 11%

CEB taps retail deposits across a range of geographies through direct banking in the Eurozone in addition to its branch network in Eastern Europe Low operational costs allow competitive rates to be offered, especially in long-term time deposits

8,000

7,498

7,000

5,921

6,000 Corporate Time 16%

Retail Time 43%

5,995

5,789

5,467

5,000 4,000

Well diversified deposit base with average deposit size of €11-12 thousand more than 500,000 deposit holders in 6 countries Proven customer stickiness in Western Europe Controlled outflow of Eurozone deposits in line with the liquidity strategy

10

3,000 Retail Current 30% Total Retail Deposits: €4billion

72% 69%

2,000

68 %

63%

59%

1,000

Total Corp. Deposits: €1.5billion

€MM Demand

2011

2012

2013

2014

2015

2,099

1,836

1,918

2,142

2,262

Time

5,399

4,085

4,077

3,647

3,205

Capital Position Regulatory Capital

FY 13

Tier 1 Capital

FY 14

FY 15

%YTD ∆

724,365

742,609

810,548

2.5%

Total Capital

1,049,778

1,113,254

1,223,883

6.05%

RWA

7,797,255

6,682,607

6,966,729

(14.30%)

Stable and proven low leveraged business model - CRDIV leverage ratio of 9.55% at the end of 2015 Strong capital position: BIS ratio 17.57% CET 1 ratio 11.63% Strong shareholder, committed to strengthen the franchise, no dividend payment to the ultimate shareholder; significant capital generating capacity via retained earnings During 2015, the shareholder injected fresh total common equity of EUR 100 mio, which further strengthened CEB’s capital position.

CET1

CAR

8.1%

11.11%

11.63%

37.16%

13.47%

16.66%

17.57%

23.68%

Leverage Ratio

Solvency Ratio

Leverage Ratio

Solvency Ratios 16.66% 8.31%

7.69%

7.34%

6.98%

9.55%

13.25%

Dec-10 Dec-11

11

Dec-12

Dec-13

13.40%

Dec-14

Dec-15

13.47% 11.11%

8.89%

6.60% 10.07%

Dec-10

12.73%

17.57% 11.63%

8.12%

9.51%

Dec-11

Dec-12 Solvency Ratio

Dec-13

Dec-14 Core Tier 1 Ratio

Dec-15

CEB Netherlands (€mm)

Established in 1994 2014

2015

Total Assets

6,280.3

6,121.0

6,181.2

Loans to customers, net

2,472.8

3,387.1

3,467.0

Securities

1,236.9

784.0

586.7

Customer Deposits

4,091.6

4,395.7

4,216.0

Subordinated Liabilities

425.9

380.3

424.3

Shareholders’ Equity

637.5

784.3

880.5

Focus on customer-friendly direct banking products Savings: Daily Deposits, Time Deposits Loans: Installment Loan, Revolving Loan and loan related insurance products

Income Statement

2013

2014

2015

NII

67.4

70.6

82.2

EUR 4.23 billion deposit base

Net Fee & Commission Income

14.0

15.9

17.2

Trading & Other Operating Income

32.6

41.5

64.5

114.0

127.9

163.9

Impairment Losses

32.5

59.6

61.0

Personnel Expenses

30.1

28.9

29.5

Operating Expenses

14.9

16.1

20.5

Net Income

37.4

30.4

41.6

Corporate Banking is serving over 1,500 clients in 40 countries Well diversified loan portfolio composed of: • Structured trade and commodity finance • Balance sheet lending • Marine finance Retail banking is serving approximately 350,000 customers in 4 countries; Netherlands, Germany, Belgium, Malta • •

Balance Sheet

2013

Major business lines: retail, international trade finance and financial institutions

Total Operating Income

Loan Portfolio

Assets Due to Banks, 9%

Other Assets, 20%

Retail, 10%

Cash and Equivalents 6%

2013

2014

NIM

1.4%

1.5%

1.8%

39.5%

35.1%

30.5%

1.2%

1.4%

3.9%

156.8%

148.2%

142.5%

0.6%

0.5%

0.7%

Cost/Income Ratio

Securities 9%

Loans, 56%

Key Ratios

Cost of credit Corporate 90%

Av. Deposits/ Av. Loans RoAA (After Tax)

12

2015

CEB Russia Established in 1997 as a subsidiary of Fiba Group and is present in 48 cities and 41 regions of Russia, covering an area which accounts for 85% of retail banking activities in Russia

(€mm)

Balance Sheet

2014

2015

3,363.60

1,945.9

1,586.6

83.7

141.5

118.5

Loans to customers, net

2,946.1

1,552.7

1,198.3

Customer Deposits

1028.0

583.8

397.1

Total Assets

2013

Reputable bank in Russian banking system, eligible for Ministry of Finance, Central Bank and Housing Fund financing facilities; eligible for Pension Fund deposits and its guarantees are accepted by CBR and Russian Customs

Marketable Securities

More than 10,000 corporate, commercial and SME customers in Moscow and seven other major regions : Kazan, Samara, Ufa, Rostov on Don, St. Petersburg, Yekaterinburg, Novosibirsk

Debt Securities Issued

922.9

435.0

475.5

Subordinated Liabilities

180.7

195.6

158.3

Shareholders’ Equity

453.6

269.5

Income Statement

2013

2014

242.9 2015

NII

298.3

253.2

134.9

Net Fee & Comm Income

39.5

35.0

32.5

Trading and other Income

16.4

23.5

22.7

Total Operating Income

354.1

311.7

190.1

Credit Loss Charges

107.1

146.6

101.3

Personnel Expenses

90.9

71.4

44.7

Operating Expenses

68.3

61.4

40.8

Net Income

67.4

22.8

Key Ratios

2013

2014

2.0 2015

NIM

9.9%

9.7%

7.4%

45.0%

42.6%

45.0%

3.7%

5.7%

6.0%

Av. Deposits/ Av. Loans

40.0%

36.1%

0.1%

RoAE (After Tax)

15.0%

5.0%

36.7%

RoAA (After Tax)

2.1%

0.7%

0.6%

Among top 18 retail banks by asset size Partnership programs with the leading retail companies of RF: Leroy Merlin, Ferrari, IKEA, Mega, Auchan, Metro Joint car loan programs with distributors: Hyundai, Hyundai Comtrans, UZ Daewoo, Mitsubishi, Mitsubishi Fuso, AvtoVAZ, KIA, Gaz, Chery, Lifan, FAW, Toyota Hino, Iveko

Loan Portfolio

Assets Other, 6%

Corporate 40%

Cash & Banks 10% Securities 8%

Cost/Income Ratio Cost of credit Loans, 76% Retail 57%

13

SME 3%

CEB Romania (€mm)

Acquired by Fiba Group in 1999 Ranked number 17th by asset size out of 36 banks in Romania Present in 27 counties of Romania through 57 branches covering 65% of the country A stable and granular deposit base is the core funding source of the bank. The total customer deposits of the bank remained stable around EUR 590 million during 2015, while the cost of deposits have come further down. Main franchise of the Bank is its credit cards business; CardAvantaj is the 2nd largest credit card product in the market with 15% market share (270,000 credit cards) An extensive network of POS devices, representing 7% market share. Installment payments extended online via e-commerce partners (Groupon, Vodafone, etc.) Increase in marketing and sales efforts resulted in 26% more activated credit cards in 2015 compared to 2014 Impairment losses have increased mainly because of higher collective provisioning requirement of Central Bank of Romania rather than portfolio specific provisioning.

Assets

Loan Portfolio Corporate 38%

Others 6% Cash and Equivalents 14%

Balance Sheet

2013

2014

1,171.9

1,034.1

1,023.4

Marketable Securities

209.7

334.5

247.0

Loans to customers, net

674.7

509.9

567.3

Customer Deposits

669.6

601.9

587.8

Shareholders’ Equity

169.5

170.6

171.1

Income Statement

2013

2014

2015

NII

44.1

45.1

30.3

Net Fee & Commission Income

15.0

13.4

12.9

Trading & Other Operating Income

15.5

23.9

27.0

Total Operating Income

74.6

82.4

70.3

Impairment Losses

37.7

42.8

19.0

Personnel Expenses

20.8

19.6

18.0

Operating Expenses

21.5

22.5

Net Income/ (Loss)

1.5

(1.8)

29.3 3.2

Key Ratios

2013

2014

2015

NIM

4.5%

5.0%

3.5%

56.8%

51.1%

67.4%

4.4%

5.7%

1.9%

86.4%

107.3%

109.0%

RoAE (After Tax)

1.0%

-1.1%

4.5%

RoAA (After Tax)

0.1%

-0.2%

0.7%

Total Assets

Cost/Income Ratio Cost of credit Av. Deposits/ Av. Loans Loans 56%

14

Securities 24%

Retail 52%

SME 10%

2015

CEB Suisse (€mm)

Acquired by Fiba Group in 1990, first non-Turkish subsidiary of FIBA Group Expertise in trade finance in Switzerland for close to 25 years, specialized in metals, energy, textile, agro-chemicals, chemicals, and soft commodities Provides investment advisory and asset management services to around 700 customers Total assets under custody reached €1.2 billion as of December 2015 The Bank has always focused on Trade Finance activities will continue to increase its concentration in handling more structured trade and commodity finance transactions.

2013

2014

2015

Total Assets

567.1

481.0

552.8

77.6

57.9

83.7

Loans to customers, net

229.1

241.9

269.9

Customer Deposits

181.3

171.1

236.8

Shareholders’ Equity

118.6

129.8

134.1

Income Statement

2013

2014

2015

12.3

15.5

15.1

Net Fee & Commission Income

5.8

7.0

6.1

Trading & Other Operating Income

1.6

0.8

19.7

23.3

Impairment Losses

1.5

2.1

3.9

Personnel Expenses

7.1

7.9

8.8

Operating Expenses

4.1

4.3

4.9

Net Income

5.2

6.7

4.3

Key Ratios

2013

2014

2015

NIM

3.5%

3.8%

3.3%

56.8%

52.3%

58.4%

1.1%

1.1%

1.6%

95.6%

79.8%

92.4%

RoAE (After Tax)

4.4%

5.3%

3.1%

RoAA (After Tax)

1.3%

1.4%

0.7%

Marketable Securities

NII

Loan Portfolio

Assets Other Assets 14%

Balance Sheet

Total Operating Income Private Banking 6%

Loans to Customers 49%

Securities 15%

Cost/Income Ratio Cost of credit Cash and Equivalents 22%

Corporates 94%

Av. Deposits/ Av. Loans

Note 1. Statutory

15

2.4 23.6

CEB Ukraine Established in 2007, operates under full banking license and supervised by the National Bank of Ukraine and Dutch Central Bank as subsidiary of Credit Europe Bank N.V

(€mm)

Balance Sheet

2013

2014

Total Assets

151.6

126.4

86.8

Marketable Securities

26.1

9.5

8.1

Selectively serves to local and foreign companies operating in various industries and segments

Loans to customers, net

83.4

64.9

Customer Deposits

24.4

13.4

7.9

Close cooperation with supra-nationals for SME financing in Ukraine

Shareholders’ Equity

48.7

28.3

23.5

Run-off retail loan portfolio

Income Statement

2013

2014

14.6

7.5

6.0

Net Fee & Com Income

1.1

2.7

0.1

Trading & Other Income

0.3

1.4

3.2

Total Operating Income

16.0

11.6

9.3

Credit Loss Charges

(0.1)

2.6

3.8

Personnel Expenses

2.3

1.4

1.1

Operating Expenses

1.7

1.3

1.0

Net Income

11.2

5.2

2.8

Key Ratios

2013

2014

2015

NIM

9.9%

5.5%

6.7%

Cost/Income Ratio

24.7%

23.4%

22.7%

Cost of credit

(0.2%)

3.2%

5.7%

Av. Deposits/ Av. Loans

15.1%

17.5%

15.4%

RoE (After Tax)

16.8%

16.0%

13.9%

RoA (After Tax)

6.9%

3.5%

3.4%

Ranked 47th by asset size and 35th by capital size among operating banks in Ukraine as of October 2015

NII

Assets

Loan Portfolio

Other Securities 9%

Loans to Customers 58%

Retail 3%

Cash and Equivalents 30% Corporate 97%

Note 1. Statutory

16

2015

50.3

2015

CEB Dubai Established in 2008, operates under DIFC (Dubai International Financial Centre) with “Category 1” license

(€mm) Balance Sheet

2013

2014

2015

Specialized in structured commodity and trade finance in MENA and Asia region

Total Assets

129.4

253.7

149.7

10.2

24.9

16.9

For trade finance volume stands close to EUR 1 billion. Target customers are regional and international trading houses specialized in the physical trade of commodity products (i.e.: crude & refined petroleum products, metals, minerals, chemicals, soft commodities, etc. ).

Loans to customers, net

101.7

194.0

88.1

13.7

25.1

26.2

50

65.3

80.8

2013

2014

NII

4.4

7.2

8.4

Net Fee & Com Income

1.8

2.5

2.1

Trading & Other Income

0.1

0.6

1.2

Total Operating Income

6.3

10.3

11.6

Personnel Expenses

1.6

2.0

2.3

Operating Expenses

0.9

1.1

1.2

Net Income

3.8

7.2

8.2

Key Ratios

2013

2014

2015

NIM

3.8%

4.1%

3.8%

Cost/Income Ratio

39.3%

30.5%

29.6%

Av. Deposits/ Av. Loans

15.8%

19.1%

20.8%

RoAE (After Tax)

7.5%

12.8%

10.8%

RoAA (After Tax)

3.3%

4.1%

3.7%

Average tenor of CEBD’s trade finance transactions stands at 90 days Transactions are self-liquidated and financing is being granted on a transactional basis; hence the Bank maintains a close control over business cycle.

Assets Other assets, 1%

Cash & equivalents 13%

Securities, 10%

Loans to customers, 76%

17

Marketable Securities

Customer Deposits Shareholders’ Equity Income Statement

Note 1. In accordance with DIFC

2015