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THE NATIONAL BANK FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN: INVESTMENT PROJECT FINANCING. Speaker: Nodir Matyakubov Head of Department Centre for Project Finance National Bank of Uzbekistan. BRIEF INFORMATION ON NATIONAL BANK OF UZBEKISTAN.
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THE NATIONAL BANK FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN: INVESTMENT PROJECT FINANCING Speaker: Nodir Matyakubov Head of Department Centre for Project Finance National Bank of Uzbekistan
BRIEF INFORMATION ON NATIONAL BANK OF UZBEKISTAN Main activity directions: project financing, corporate & retail banking, investment activity Wide correspondent network: over 660 correspondent banks in 75 countries In Uzbekistan: 90 branches and 110 mini-banks NBU is among the world’s 1000 biggest banks according to “The Banker” magazine Subsidiary bank in Moscow – “Asia Invest Bank” Retail and corporate clients: over 2,7 mln.
RATINGS BY INTERNATIONAL RATING AGENCIES “B1/B2” “STABLE” OUTLOOK “B+” “STABLE” OUTLOOK
PROJECT FINANCING IN UZBEKISTAN: ROLE OF NBU Main task and aim: To be a financial institute of the international level that is able to attract foreign investments and advanced technologies to Uzbekistan for fundamental renovation and deep structural transformation of the economy. Fulfillment: NBU is an active participant of investment processes, that both actively attracts foreign investment and acts as initiator of investment projects and active investor itself. Result: NBU is the largest investment bank in Uzbekistan.
(UP FROM 1991 TILL 2012) 217 projects totaling USD 6.91 bln. (AS OF JANUARY 1, 2013) 122 investment projects Projects’ total value - equivalent of USD 4.8bln. 159 long-term bank loans Loans’ total amount – equivalent of USD 2.1bln. PROJECT FINANCING: MAJOR FIGURES
EPC contracts Equipment procurement (incl. assembly, setting and maintenance staff training) New construction and reconstruction of manufacturing facilities PROJECT FINANCING: FINANCED OBJECTS
PROJECT FINANCING: SECTORS OF ECONOMY FUEL & ENERGY TRANSPORTION CAR MANUFACTURING TELECOMMUNICATION CHEMICAL INDUSTRY AGRICULTURE MINING OTHERS
IDB- 30mln. USD ICD (Islamic Corporation) – 15 mln.USD ADB - 120 mln. USD CDB – 155mln. USD Eximbank Korea – 60 mln. USD IFC - 15 mln. USD KfW - 15 mln. USD Landesbank Berlin AG - unlimited PROJECT FINANCING: CREDIT FACILITIES Credit lines extended in favor of NBU from foreign banks and IFI
PROJECT FINANCING: CREDIT FACILITIES INTERNAL SOURCES FOND FOR RECONSTRUCTION AND DEVELOPMENT NBU’S OWN ASSETS
PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS • Tashkent,Navoi and Talimardjan thermal power-stations’ expansion • Ustyurt Gas Chemical Complex’s construction at the Surgil field • Muborek gas-processing plant’s expansion • Mining equipment procurement to Navoi Mining and Metallurgy Industrial Complex • 2 high-speed “Talgo” passenger electric trains procurement to SJSRC “O’zbekiston Temir Yo’llari” (Uzbekistan Railways) • A number of land-melioration projects.
Uzbekistan PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS - 5 «Boeing-767-300ER» - 2 «Boeing-757-200» - 3 «Airbus А-310» - 4 «IL-114-100» - 6 «Airbus А-320-200» - Reconstruction of international airports in Tashkent and Navoi - GM Uzbekistan’s plants for production of components and spare parts for the automobiles