Belorussian- Russian

Belgazprombank

Joint Stock

July

20

15

Authorized Bank of OAO Gazprom

in the Republic of Belarus

Belarusian

Macro >

Belgazprombank

Overview >

Belgazprombank

Financial Performance >

A stork is a symbol of Belarus

Belarus has the world‟s largest population of ancient

European Bison (Belarusian Zubr) in their natural

environment - in the Belovezhskaya Pushcha

The Belarusian partisan movement in WWII was

the strongest resistance movement in Europe

MACRO OVERVIEW

Interesting facts…

Minsk became the Belarusian

capital only in 1918. Navahradak

and Vilna (today, Vilnius) were the

capitals of the Belarusian-

Lithuanian states, the Grand Duchy

of Lithuania and the Lithuanian–

Belorussian Soviet Socialist

Republic (Litbel)

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Brief History of Belarus

Since:

9th c. - Principality of Polotsk

13th c. - Grand Duchy of Lithuania

end 16th c. - Polish–Lithuanian

Commonwealth

end 18th c. - Russian Empire

20th c. - Belarus National Republic,

Soviet Socialist Republic

of Byelorussia, Lithuanian-

Byelorussian Soviet

Socialist Republic, USSR

27th July 1990 - the Republic of

Belarus

Area: 207 600 sq km

Population: 9,5 mln

Life expectancy: 73,2 years

Official language: Belarusian and Russian

Currency: Belorussian Ruble (BYR)

GDP 2014: 65,4 bn USD

GDP growth rate 2014 to 2013: 1,6%

GDP per capita 01.01.2015: US$6,9 th

Inflation rate 2014: 16,2%

External Public debt to GDP 2014: 52,8%

Sovereign ratings: Caa1

B-

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Main Industries

• metallurgy

• mechanical

engineering,

including tractors

and agricultural,

cars, machine-tool

constructing and

tool industry,

instrument making,

radio engineering,

electro technical,

electronic, optics-

mechanical

industry; and metal

working

• chemical and

petrochemical

• light industry

• food industry

3

1

35

53

57

70

79

83

Norway

Poland, Lithuania

Belarus

Russia

Kazakhstan

Georgia

Ukraine

HUMAN DEVELOPMENT INDEX

Source: Human Development Report 2014 Published for the United Nations Development Programme.

Up from 61 in 2010

1

2

3

4

5

6

7

8

South Korea

Japan

New Zealand

China

Belarus

USA

Germany

Russia

PATENT ACTIVITY*

Source: 50 Most Innovative Countries By Bloomberg Rankings – 01.02.2013.

* Patent activity - resident patent filings per million population and per USD1 mln R&D spent.

1

15

32

57

62

77

96

Singapore

Georgia

Poland

Belarus

Russia

Kazakhstan

Ukraine

EASE OF DOING BUSINESS

Source: WB-IFC Doing Business Report, 07.2014.

Up from 82 in 2009

1

31

53

55

63

68

80

Norway

Poland

Belarus

Kazakhstan

Ukraine

Russia

Georgia

LEGATUM PROSPERITY INDEX

Source: Legatum Institute, 2014.

Up from 58 in 2013

GROWTH ORIENTED REFORMS

4

Manufacturing 24,0%

Wholesale & Retail

Sale 12,2%

Net taxes on products

15,5% Construction 8,5%

Transport &

Communications

8,6%

Agriculture, Hunting,

Forestry 3,0%

Other 28,3%

GDP STRUCTURE AS OF 01.06.2015

Source: National Bank of Belarus,

National Statistical Committee of Belarus

As of 01.06.2015 GDP amounted to USD 21,6 bln.

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5

-1,1

-1,6

0,5

1,1 1,5

1,2 1,6 1,5 1,5 1,5

1,7 1,6

-0,4 -0,6

-2,0

-2,6 -3,0

-3

-2

-1

0

1

2

3

4

5

GDP GROWTH, Y-O-Y %

2014 2015

MORE THAN 50% OF DOMESTICALLY PRODUCED GOODS ARE EXPORTED

STRUCTURE OF FOREIGN TRADE IN GOODS

WITH CERTAIN COUNTRIES AS OF 01.06.2015

Total exports are essentially influenced by foreign trade

transactions with goods (82% as of 01.06.2015)

6

3 9

89

3 9

36

3 9

44

3 6

68

3 6

23

3 5

72

3 2

90

3 2

16

2 4

67

2 4

15

2 7

64

2 7

46

3 0

62

-3 9

64

-3 6

98

-3 9

71

-3 5

59

-3 6

31

-3 6

77

-3 4

18

-4 0

85

-1 9

67

-2 4

30

-2 7

25

-2 8

13

-2 8

44

-900

-700

-500

-300

-100

100

300

500

700

900

-5

-3

-1

1

3

5

FOREIGN TRADE, MLN USD

Export Import Balance

Source: National Bank of Belarus,

State Customs Committee of Belarus

Count r y S har e in F or e ign Tr ade Tur nov er Ex por t , mln. US D Impor t , mln. US D

Russia 47,4% 3 961 7 012

Great Britain 7,7% 1 737 53

Ukraine 5,3% 887 350

China 5,0% 383 770

Germany 4,3% 456 533

Poland 3,5% 336 466

Lithuania 2,3% 430 102

Netherlands 2,0% 366 91

Source: National Bank of Belarus

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33 766 34 048

35 215 37 098 39 621 39 275 40 802 40 552 40 024

38 231

6 661

1 194 2 612 4 209 6 168

2 459 4 973

8 801 11 057

2 242

0%

10%

20%

30%

40%

50%

60%

0

5

10

15

20

25

30

35

40

45

Со

тни

US

D m

ln

EXTERNAL DEBT: ABSOLUTE & RELATIVE MEASURES

External Debt External Debt Servicing External Debt, % of GDP Reserve Assets, % of External Debt

5,48 5,39

6,43 6,21 6,29 6,00 6,02 5,82

5,06 4,72 4,65 4,56 4,57 4,61 4,62

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

0

2

4

6

8

10

Exc

ha

nge

Ra

te, B

YR

Inte

rna

tio

na

l res

erve

s, b

ln U

SD

INTERNATIONAL RESERVES

International Reserves BYR/$

23,5 23,5 23,5 23,5 22,5 21,5 21,5 20,5 20,0 20,0 20,0 20,0

20,0 25,0 25,0 25,0 25,0 25,0 25,0

2,4

4,1 4,9

5,9 6,5

3,6

4,9 6,6

8,9 10,2

11,1 12,0

13,4 14,8 15,5

16,2

0

20

40

60

80

100

120

140

160

180

200

10

5

0

5

10

15

January February March April May June July August September October November December

Ref

ina

nci

ng

rate

, %

CP

I, %

CPI AND REFINANCING RATE IN 2014-2015

Refinancing rate 2014 Refinancing rate 2015 CPI 2015 CPI 2014

NFRS statements as of 01.06.2015

Belarus is one of the most concentrated CEE banking markets, with the TOP-5

banks there accounting for around 80% of the banking sector‟s total assets

BELARUS BANKING SYSTEM

8

State-owned banks

64,91%

Banks with foreigh

capital (assets over USD

1 bln) 10,25%

Belgazprombank

4,92%

Other Banks 10,09%

MARKET SHARE BY ASSETS

BPS-Bank 28,61%

BelVEB 14,85%

Belgazprombank

13,54%

VTB Bank (Belarus)

5,93%

Alfa-bank 5,50%

Priorbank 11,74%

Other 19,84%

MARKET SHARE OF BANKS WITH FOREIGN

CAPITAL BY ASSETS

According to NFRS statements as of 01.06.2015

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Other Banks

40,6%

16,4%

10,5%

6,4%

5,1%

3,9%

4,6%

2,3%

1,6%

8,6%

41,1%

16,1%

10,6%

5,9%

5,1%

4,7%

4,5%

2,3%

1,7%

8,1%

41,8%

15,3%

10,4%

6,0%

5,4%

4,9%

4,3%

2,2%

2,0%

7,7%

MARKET SHARE IN TOTAL

ASSETS

6th

39,6%

17,5%

7,1%

6,4%

4,2%

4,9%

5,1%

1,2%

1,6%

12,3%

38,0%

15,5%

7,2%

6,8%

4,7%

5,3%

4,9%

2,7%

1,8%

13,2%

36,3%

15,1%

7,2%

7,1%

6,4%

5,5%

4,6%

2,8%

2,0%

12,8%

MARKET SHARE IN AUTHORIZED

CAPITAL

YE2013

YE2014

5M2015

Other Banks

5th

14,7%

59,6%

21,3%

17,6%

44,7%

55,3%

13,0%

21,9%

10,0%

6,7%

13,3%

35,1%

23,0%

16,1%

14,7%

8,5%

10,5%

27,2%

MARKET SHARE IN PROFIT

Other Banks

3rd

35,5%

23,2%

11,7%

6,4%

6,4%

3,3%

4,7%

1,9%

2,0%

4,8%

37,6%

20,7%

12,3%

6,3%

6,5%

3,7%

4,3%

2,0%

1,6%

4,9%

36,8%

19,5%

12,4%

6,9%

6,2%

4,7%

4,1%

2,2%

1,6%

5,5%

MARKET SHARE IN CORPORATE

LOANS

YE2013

YE2014

5M2015

Other Banks

6th

49,66 %

49,66 %

0,18 % 0,49 %

OWNERSHIP STRUCTURE

Belgazprombank, established in 1990, is a privately owned commercial bank with almost

100 % of shares owned by the largest and most reliable Russian holding, i.e. Gazprom Group

BRIEF OVERVIEW

10

The mission of Belgazprombank is

the assistance in the formation of

middle class within the framework

of efficient market economy on the

basis of maximal satisfaction of

financial needs of economic entities

of the Republic of Belarus through

providing a full range of customized,

processively organized, high-tech

banking products and services.

The underlying principles of Belgazprombank‟s strategy:

consistency of the Bank‟s activity with the main

trends of the economy and the banking sector;

compliance of the content and structure of the

Bank‟s strategy with the current legislation;

coordination of the Bank‟s activities in the

framework of unified development directions with

Gazprombank;

the observance of corporate ethics regulations;

application of international experience and

introduction of new technologies in the field of

banking business.

2011 2014 Change

Equity

(USD mln)

142,8 274,8 2x

Total assets

(USD bln)

0,94 1,85 2x

Market share by

total assets

1,8% 4,7% 2x

• Universal commercial bank;

• Confident market position:

No.3 in Belarus by profit, No.5 by equity

(6,4%), No.6 by assets (4,9%), corporate

loans (4,7%) and corporate clients

deposits (7,2%) (as of 01.07.2015,

NFRS);

• Strong brand name recognition:

Belgazprombank offers broad range of

financial products to retail and corporate

market through a branch network of 6

regional offices, 57 smaller outlets and

138 other service points to approximately

1,2 mln retail customers and 24 th legal

entities (including individual

entrepreneurs) as of 01.07.2015;

• Number of employees: 1,8 th as of

01.07.2015;

• Credit Rating: „B-‟ with „Stable‟ outlook;

• International audit:

2013 2014 Change

Total Assets (USD mln) 1604 1852 15%

Loans to customers (USD mln) 972 1049 7,9%

Customer funds (USD mln) 772 1057 36,9%

Net Profit (USD mln)* 49,1 44,7

Tier I Capital Adequacy Ratio (Basle II) 16% 14%

Total Capital Adequacy Ratio (Basle II) 16% 14%

FAST-MOVING BANK STRATEGY

IFRS statements

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* without IAS29 application

• Experienced management with deep

understanding of local market and strong

track record;

• Sustainable growth combined with strong

capital and profitability:

1994–1996

1996–2006

2006–2007

2008–present

BALANCE SHEET RESULTS

12

Belgazprombank is highly capitalized and strong capital

dynamics is one of our strengths

IFRS statements

FINANCIALS HIGHLIGHTS & LIQUIDITY

01.01.2013 01.01.2014 01.01.2015 01.06.2015

CAR 21,3% 13,4% 13,1% 18,1%

CIR 34,5% 44,7% 37,3% 31,2%

ROE 23,6% 24,1% 29,6% 26,8%

ROA 3,8% 4,0% 4,4% 3,7%

On-demand

liquidity 207,4% 168,8% 126,9% 131,9%

Current liquidity 122,3% 120,8% 133,9% 160,3%

Short-term

liquidity 1,6 1,6 3,3 2

Managerial Accounts, NFRS

734 859 940

1 283

1 604 1 852 1 813

541 651

823 1 009

1 319 1 577 1 593

193 207

117

274

285

275 220

2009 2010 2011 2012 2013 2014 3m2015

ASSETS, LIABILITIES & EQUITY DYNAMICS, MLN USD

Assets Liabilities Equity

Diversified assets structure

IFRS statements as of 01.04.2015

Funding structure is well-balanced

customer accounts

35%

individual customer

accounts 27%

due to financial

institutions 22%

debt securities

issued 3%

other liabilities 13%

LIABILITIES STRUCTURE

loans to customers

50,6%

retail loans 5,3%

cash & cash

equivalents 17,9%

derivative financial

instruments 6,8%

securities 2,7%

investments available

for sale 11,2%

property, equipment

& intangible assets

3,5%

due from banks &

other financial

institutions 1,1%

other assets 1,5%

ASSETS DISTRIBUTION

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Strong dynamics of the loan portfolio combined

with high diversification

IFRS statements as of 01.04.2015

trade 22,1%

retail portfolio 9,4%

chemistry &

petrochemistry 8,0%

mechanical

engineering 8,8%

metallurgy industry

6,6%

transport 5,4%

investment property

6,8%

food industry 7,0%

construction 3,1%

financial & insurance

services 2,0%

light industries 2,0%

agriculture 0,9%

timber industry 1,5%

gaz transportation

4,2%

energetics 0,4%

other sectors 11,7%

SECTOR BREAKDOWN OF LOAN PORTFOLIO

465,1

594,7 485,8

719,6

971,9 1 057,0

1 012,5

352,1 369,3 460,2

666,0

771,6

835,0 979,1

2009 2010 2011 2012 2013 2014 3m2015

LOAN PORTFOLIO & CUSTOMER ACCOUNTS DYNAMICS, MLN USD

Loans to customers

Customer accounts

LOAN PORTFOLIO

14

Diversified structure of loan portfolio by duration

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Managerial Accounts as of 01.05.2015, NFRS

1-30 days

8%

30-90 days

15%

90-180 days

12%

180 days -1 year

20%

over 1 year

45%

LOANS TO CUSTOMERS BY TENOR

collateralized by real

estate 30%

collateralized by

inventories 12%

collateralized by

equipment 11%

guarantees of

individuals 13%

liens over receivables

5%

guarantees of legal

entities 10%

other types of

collateral 19%

LOANS STRUCTURE BY COLLATERAL

IFRS statements as of 01.04.2015

Highly collateralized loan portfolio

NPL ratios

2010 2011 2012 2013 2014 5M2015

Share of NPL*

in Loan

Portfolio, %

0,5 0,2 1,7 0,2 0,6 0,5

Share of

Problem

loans**

in Loan

Portfolio, %

0,7 0,4 2 0,3 1,6 1,3

Proficient due diligence and risk management

processes predetermine high loan portfolio quality

* NPL include loans with outstanding indebtedness from 1 day.

** Problem loans include NPL & Restructured Loans.

Managerial Accounts, NFRS

0,3%

1,3%

0,2%

0,9%

0,1%

0,4%

0,2%

0,2%

0,0%

0,5%

1,0%

1,5%

2,0%

2,5%

3,0%

3,5%

Legal Entities, % of corporate LP

Individuals, % of retail LP

STRUCTURE OF PROBLEM LOAN PORTFOLIO

BY NUMBER OF DAYS IN ARREARS

181- 360 days

91-180 days

31-90 days

<30 days

LOAN LOSS RESERVES – 4,7% OF CORPORATE LP

LOAN LOSS RESERVES – 3,2% OF RETAIL LP

Managerial Accounts as of 01.04.2015, NFRS

16

IFRS statements as of 01.04.2015

staff costs 49%

depreciation &

amortization 5%

social security

contributions 8%

contributions to

individuals' deposits

protection fund 6%

rent & property &

equipment

maintenance 3%

expences for services

of automated

interbank and

international

settlement system

4%

other 25%

OPERATING EXPENSE STRUCTURE

net interest income

16%

fee and commission

income 17%

other non-interest

income 67%

OPERATING INCOME STRUCTURE

INCOME AND EXPENSES B

elaru

sian

Ma

cro

Belga

zpro

mb

an

k Ove

rview

Belga

zpro

mb

an

k Fina

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l Perfo

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B

usin

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17

Most banks in Belarus recognized losses under IFRS for 2011 as a result of

the hyperinflationary status assigned to Belarus and the application of IAS 29

(Financial Reporting in Hyperinflationary Economies)

IFRS statements

84,7 91,0

110,2

157,3 167,1

176,7

52,7 47,1

41,3

58,1

85,7 83,5

91,8

32,6

0

20

40

60

80

100

120

140

160

180

200

2009 2010 2011 2012 2013 2014 3m2015

INTEREST INCOME & EXPENSE DYNAMICS, MLN USD

Interest Income

Interest Expense

Net Interest Income

Net Non-Interest Income

60,4

79,3 86,4

127,3

116,5 122,7

40,0 28,5

39,2 33,6

47,3

60,9 68,7

21,7

-60

-40

-20

0

20

40

60

80

100

120

140

2009 2010 2011 2012 2013 2014 3m2015

OPERATING INCOME & EXPENSE DYNAMICS, MLN USD

Operating Income

Operating Expense

Profit Before Tax

Net Profit

18

While the focus remains on providing services to domestic customers, Belgazprombank also

developed a large international network of partner banks: more than 100 foreign

and international FIs are our esteemed partners

COOPERATION WITN FIs

August 2010

USD 15 MM 5-year MSME Credit Line

USD 15 MM 9-year Housing Finance

Credit Line

September 2011

USD 5 MM 5-year SME Credit Line

May 2012

USD 15 MM 5-year SME Credit Line

December 2012

USD 10 MM 5-year MSME Credit Line

February 2013

USD 13 MM 5-year EE Credit Line

May 2013

USD 45 MM 3-year Credit Line

July 2013

USD 10 MM 5-year MSME Credit Line

August 2013

USD 20 MM 5-year SME Credit Line

November 2013

EUR 20 MM MSME Credit Line

February 2014

EUR 30 MM MSME A+B Facility

August 2014 BYR 150 BN MSME Credit Line

February 2015

BYR 100 BN MSME Credit Line

December 2012

USD 10 MM (in BYR equivalent) 4-year

MSME Credit Line

March 2014

EUR 20 MM Business Mortgage Financing

Credit Line

August 2014

USD 10 MM Agricultural Sector Financing

Credit Line

Tied Credit Facilities

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Managerial Accounts as of 01.07.2015

93,9

69,4

370,4

13,5 2,5

173,0

Total

Import LCs

Export LCs Guarantees

TRADE FINANCE OPERATIONS DYNAMICS BY VOLUME,

MLN USD

2014 6m2015

339

14

60

104

4

28

Total

Import LCs

Export LCs Guarantees

TRADE FINANCE OPERATIONS DYNAMICS BY NUMBER

2014 6m2015

20

TRADE FINANCE & TREASURY TRANSACTIONS

Managerial Accounts as of 01.07.2015

Industry 34,8%

Construction 1,1%

Trade and Public

Catering 49,3%

Finance and

Insurance 4,2%

Transportation and

road facilities 6,1%

General commerce

3,0%

Material Production

0,5%

Other 1,0%

BREAKDOWN OF TF PORTFOLIO BY ECONOMIC SECTOR

Asia 9,3%

Baltics 17,2%

Europe (except CEE

countries) 38,2%

CIS (except Russia)

8,4%

CEE 11,7%

Russia 12,2%

USA 3,1%

BREAKDOWN OF TF PORTFOLIO BY COUNTRY

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Internal Government Debt

Instruments of the

Ministry of Finance of the

Republic of Belarus 37%

External Government

Debt of the Republic of

Belarus (Eurobonds) 10%

Eurobonds of Foreign

Governments & Banks

11%

Government Debt

Instruments of Foreign

Countries 5%

Bonds of the National

Bank of the Republic of

Belarus and the

Development Bank of the

Republic of Belarus 12%

Belarusian Bank Bonds

7%

Belarusian Corporate

Bonds 18%

SECURITY PORTFOLIO STRUCTURE AS OF 01.05.2015

Belgazprombank is an active participant on global financial markets. In order to manage

market risks there is a tiered system of limits for various types of assets, markets and

operations. The Bank‟s Committee on Asset and Liability Management is responsible for

implementing asset and liability policy and managing market risks as determined by the

Bank‟s Board. It holds regular meetings and makes executive decisions.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

мбк мбк мбд мбд

INTERBANK LOANS AND DEPOSITS STRUCTURE

BY CURRENCY IN 2014-2015

RUB

USD

EUR

BYR

Interbank Loans 2014 Interbank Deposits 2014 Interbank Loans

6M2015

Interbank Deposits

6M2015

Managerial Accounts

22

«STP Quality Award January-

June 2014»

Raiffeisen Bank

International (RBI), Austria

«STP Quality Award

2009, 2010»

Commerzbank AG,

Germany

«Best Internet-

Banking System»

within the

Framework of the

Contest «Bank of the

Year 2012», Belarus

«Most Active GTFP

Issuing Bank in

Europe and Central

Asia for Energy

Efficiency», IFC 2011

Gratitude 2012«For

multiannual financial

promotion

of projects aimed at

Belorussian national

culture development»,

Belarus

Gratitude 2013, 2011 «For

significant contribution

to the implementation of

charitable programs»

International Children‟s

Charitable Foundation

Chance, Belarus

«Trade Award

2013»,

Commerzbank AG,

Germany

«Socially responsible

brand» within the

framework

of the Contest «Brand of

the Year 2010», Belarus

«Best Services for

Entrepreneurs» within the

framework of the Contest

«Brand of the Year 2013»,

Belarus

«2011 Elite Quality

Recognition

Award»,

J.P. Morgan, USA

Gold Award of the Banking

Association for Central and

Eastern Europe (BACEE) in

the annual report

competition 2014

The recognition of our efforts brings pride to all of us and confirms the invaluable price

Belgazprombank receives from its stakeholders – our shareholders, customers and

employees

AWARDS

«STP Quality Award

2013»

Commerzbank AG,

Germany

Bela

rusia

n M

acro

B

elgazp

rom

ba

nk O

verview

B

elgazp

rom

ba

nk Fin

an

cial P

erform

an

ce

Bu

siness S

egm

ent D

iscussio

n

23

Belgazprombank is focused on the double layered goal of enhancing corporate

social responsibility and customer satisfaction with professional banking services to

cope with the changes in the market and supporting various cultural events

International Children‟s Charity Foundation Chance

The Foundation, established and is supported by Belgazprombank, is currently

recognized by the independent Experts as the most significant non-governmental

charity foundation in the Republic of Belarus and one of the most successful projects

in this field. More than 300 children received help over the recent 5 years for the total

amount over USD 3 mln.

Project «Art-Belarus»

The initial idea of a corporate collection «Paris School Artists of Belarus» developed

into a nationwide project «Art-Belarus» aimed at a historical overview of the fine arts

evolution in Belarus in its plenitude and integrity.

International Theater Forum «TEART»

Annual international theater forum «TEART» conducted under the auspices of

Belgazprombank has acquired the status of one of the most important cultural events

in Belarus.

International Handball Tournament

Annual tournament «Belgazprombank‟s Cup» with the participation of clubs from

Russia, Ukraine, Poland, Spain, France, Macedonia and other countries has become

one of the most prestigious international tournaments held within former Soviet

territory.

“…While, in our opinion, theatrical art demonstrates the

integration of Belarus into world culture and we try to understand

the present-day theatre and imagine the theatre of the future – the

collection of art works is a mere flashback. Such projects can be

merged to fulfil one important task – to shape our future based on

our past, taking our present into account...”

Viktar Babaryka

Chairman of the Management Board of Belgazprombank

24

SOCIAL ACTIVITY

Address: 60/2 Pritytsky St., 220121 Minsk, Belarus

SWIFT: OLMPBY2X

Telex: 252104 OLIMP BY

E-mail: bank@bgpb.by

www.belgazprombank.by

CONTENTS

BELARUSIAN MACRO • INTERESTING FACTS (p.2)

• BRIEF OVERVIEW (p.3)

• GROWTH ORIENTED REFORMS (p.4)

• GDP (p.5)

• FOREIGN TRADE (p.6)

• EXTERNAL DEBT INDICATORS, CPI AND REFINANCING RATE (p.7)

• BELARUS BANKING SYSTEM (p.8)

• COMPETITIVE LANDSCAPE (p.9)

BELGAZPROMBANK OVERVIEW • OWNERSHIP STRUCTURE (p.10)

• MISSION AND UNDERLYING PRINCIPLES (p.10)

• KEY FACTS (p.11)

BELGAZPROMBANK FINANCIAL PERFORMANCE • BALANCE SHEET RESULTS (p.12)

• LOAN PORTFOLIO (p.14)

• INCOME & EXPENSES (p.17)

BUSINESS SEGMENT DISCUSSION • COOPERATION WITN FIs (p.19)

• TRADE FINANCE (p.20)

• TREASURY TRANSACTIONS (p.22)

AWARDS (p.23)

SOCIAL ACTIVITY (p.24)

CONTACTS (p.26)

25

Mr. Sergey V. Shaban

Deputy Chairman of the Board

+375 17 229 15 35

Shaban@bgpb.by

Mrs. Irina A. Antonova

Head of Global Financial

Institutions

+375 17 218 36 55

Antonova@bgpb.by

Mr. Andrei A. Khatsenka

Head of Financial Institutions

+375 17 218 36 55

Khatsenka@bgpb.by

Address: 60/2 Pritytsky St.,

220121 Minsk, Belarus

SWIFT: OLMPBY2X

Telex: 252104 OLIMP BY

E-mail: bank@bgpb.by

www.belgazprombank.by