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Investor Presentaiton

UKR EXIM BANK Returning to profitability with stabilized loan quality Stabilized asset quality after 2014-2015 crisis allowed the Bank to return to profitability in 2017. Operating profitability maintained at appropriate level decreasing in 2018 due to compression of net interest income and reasonable growth of operating expenses. -1.0 -0.7 -5.8 2016 2.3 0.8 0.5 0.8 2017 2018 -1.2 9m2019 Financial assets impairment (charge)/reversal, UAH bln Loss/profit (net), UAH bln Net interest income preserved decreasing in 2018 due to IFRS9 effect and transformation of balance sheet structure* 61% 63% 41% 34% 4.5 4.1 2.2 1.5 1.7 1.7 3.6 2.7 2016 2017 2018 9m2019 Operating income before provisions, UAH bln Operating expenses, UAH bln Cost to income ratio, % Stable commission and dealing income. 13.7 1.2 12.3 12.1 1.1 1.1 10.4 9.5 9.8 0.9 9.3 0.5 7.5 0.5 0.5 0.4 3.2 2.8 2.2 1.7 0.7 0.6 0.6 0.5 2016 2017 2018 9m2019 2016 2017 2018 9m2019 Interest income, UAH bln Interest expense, UAH bln Net comission income, UAH bln Net interest income, UAH bln Dealing results (FX, securities and precious metals), UAH bln 2019 * reflects decrease of investment securities portfolio in 2018 as well as measures taken by the Bank to close open FX position Source: Ukreximbank IFRS financials, managerial data 10
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