June 2010 Baku, Azerbaijan

1. June 2010Baku, Azerbaijan

2. TABLE OF CONTENTS • Business Card • Financial Performance • Final Information

3. History & Highlights 1992 Muganbank was established as Universal commercial bank; 2002 Became the agent of the National Fund for Assistance to Entrepreneurship 2004 According to the General Meeting of Shareholders bank reorganized into Open Joint-Stock Company “Muganbank” 2004 Bank joined VISA International Payment system as an associated member 2006 In November 2006 EBRD opened a first credit line for the Bank 2007 Bank issued bonds on amount of 5 million USD under the lead manager of AS “Parex Banka” Muganbank – Who we are?

4. History & Highlights 2007 Bank was chosen by International Finance Corporation as a pilot bank on introducing of Corporate Governance Standards 2007 Bank became the agent of the State Agency on Financing of Agriculture and the Azerbaijan Mortgage Fund 2008 Bank joined MasterCard International Payment system as an associated member 2009 The Head office of Muganbank has moved to the new, first-class office building. 2010 On April 2010, Standard&Poor’s Ratings Services assigned its ‘CCC+’ long-term and ‘C’ short-term counterparty Credit ratings to Muganbank. The outlook is stable. Muganbank – Who we are?

5. History & Highlights Correspondent accounts with 15 banks in Germany, Latvia, Austria, Russia, Lithuania, Kazakhstan and Ukraine Network: Branches – 29, including 21 in Baku and 8 in regions ATM - 35, including 25 in Baku and 10 in regions, Post-terminals - 70, including 62 in Baku and 8 in regions, Number of plastic cards – 9,000 Market share as of 01.04.2010: Net assets – 1.31%, Loan portfolio – 1.23%, Deposit portfolio – 1.3%, Total capital -1.27% Membership in money transfer systems: Western Union, Contact, BistrayaPochta, Travellex, Express Money, Blizko, ZolotayaKorona, The Bank is ranked within market top 20 Muganbank – Who we are?

6. Board of Management • The Executive Board • Elmir Hasanov - Chairman of the Executive Board • Rasul Jalilov - Member • Etibar Qasimli - Member • Rasim Ismayilov - Member • Samir Ismayilov - Member • Shakir Allahverdiyev – Member • Galina Sidneva – Member The Supervisory Board • Elmir Mehdiyev Chairman of the Supervisory Board • Urfan Goyushov Member of the Supervisory Board • Shaig Alekperov Member of the Supervisory Board

7. Key Business Achievements Total Assets, mln AZN

8. Good Asset Quality • Very well diversified loan portfolio • Top 10 borrowers / Loan Portfolio – 20,3% • 2/3 of portfolio is secured • Good asset quality with low NPL ratio – 1,62% • Loan portfolio is mainly local currency denominated

9. Key Business Achievements Capital & Reserves, mln AZN

10. Key Business Achievements Loans, mln AZN

11. Key Business Achievements Deposits, mln AZN

12. Key Business Achievements Profit, mln AZN

13. Key Business Achievements Main Ratios

14. International Cooperation EBRD: SME – USD 13 mln, TFP – USD 3 mln National Fund for Support to Entrepreneurship:AZN 17,0 mln State Agency on Agricultural Credits under the Ministry of Agriculture: AZN 6,5 mln World Bank (Agriculture Project): USD 3,3 mln Azerbaijan Mortgage Fund: AZN 12,0 mln

15. International Cooperation World Business Capital, Inc.: 10-year loan to SME – USD 7,5 mln – ongoing process IFC: Mortgage Lending – USD 8,0 mln – ongoing process BSTDB: SME/TFP – USD 4,0 mln – ongoing process USAID: Technical assistance of products and services to the SME (small and medium size) sector. IFC: Advisory Services Project on Developing Mortgage-Lending Policies and Procedures

16. Membership The Baku Inter-Bank Exchange (BICEX) The Association of Banks of the Azerbaijan Republic The Baku Stock Exchange Azerbaijan Entrepreneurship Confederation Azerbaijan Deposit Insurance Fund Azerbaijan Risk Professionals Association

17. Muganbank OJSC AZ 1052, Baku, Azerbaijan A.Radjabli str., 21B Tel.: (+99412) 564-20-35 Fax.:(+99412) 564-21-35 E-mail: mail@muganbank.az www.muganbank.az