AS "PrivatBank" in Europe

April 2009

2

PrivatBank's branches

As of 1 February 2009, PrivatBank’s network includes 3,284 branches and sub-branches across Ukraine

RussiaRussia

TurkeyTurkey

RomaniaRomania

MoldovaMoldova

HungaryHungary

SlovakiaSlovakia

PolandPoland

BelarusBelarusUkrainePrivatBank 32 049 3 284

International subsidiaries and branches:

Russia(Moscomprivatbank) 3 436 158

LatviaAS “PrivatBank” (formerAS “Paritate Вanka”) 359 27*

Cyprus Branch

33 5**

Georgia“TaoPrivatBank” (former “TaoBank”) 1 027 62

PortugalBranch of AS “PrivatBank” 10 1***

ItalyBranch of AS “PrivatBank” - 1***

Staff Branches and sub-branches

* including branches in Portugal and Italy

** 1 branch in Nicosia and 1 sub-branch in Limassol, 1 sub-branch in Paphos, 1 sub-branch in Nicosia, 1 sub-branch in Larnaka

*** branches are opened in Portigal and Italy, these branches don’t have sub-branches.

“The wide branch network helps the bank to compete effectively in the less-saturated regional markets, where rates are still above the market average”Ficth report October, 2007

“We believe that the bank's sound market position, brand, and distribution network will enable it to further develop its franchise and thus support profitability.”(Moody’s, Credit opinion, January 26, 2009)

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Retail banking business

PrivatBank is a retail market leader with share of 16.14% in deposits (as of 01/01/09)(share among 10-top banks)

Source: AUB (www.aub.com.ua) as at 01.12.2008

PrivatBank has near 12.8 mln unique records of loan and deposit accounts of individuals.

The population of Ukraine is 46.3 mln people.

2,74,5

5,9

10,8

15,7

24,9

56,4

3053

1 106998

348474

965846

-2,0

2,0

6,0

10,0

14,0

18,0

22,0

26,0

30,0

34,0

2002 2003 2004 2005 2006 2007 2008*

UA

H b

ln

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

US

$

Portfolio Average deposit

Dynamics of retail deposit portfolioand average deposit size

On 05.11.2008 Individual Deposits Guarantee Fund increased reimbursement under individual deposits up to UAH150,000 (19480,52 USD *)

*Data calculated at ex.rate 1USD=7,7 (NBU ex.rate as at 31.12.2008)Source: PrivatBank 2002-2007 – audited IFRS consolidated financial statements, Data for 31.12.08 as per consolidated unaudited IFRS figures

Deposits from individuals

Loans to individuals(share among 10-top banks)

4

2. AS "PrivatBank" Latvia

5

About the bank…

AS "PrivatBank" (former AS "PARITATE BANKA"), which was established in 1992, is one of the oldest Latvian banks and one of the most well-known banks in Latvian business community.

In August 2007, the bank changed its name toAS "PrivatBank", having borrowed its parent bank’s name.

AS "PrivatBank" is a fast-growing and modern bank in the Latvian market

Nowadays, PrivatBank is a leader in the Ukrainian banking market, actively expanding in Russia, Georgia, Cyprus, Portugal, and Latvia.

6

AS "PrivatBank" today

AS "PrivatBank" occupies the 15th position among 25 Latvian banks in terms of principal financial indicators.

AS "PrivatBank" follows its customers and cash flows providing for conducting business between European countries, Ukraine and Russia.

7

AS "PrivatBank" mission

To serve as a financial bridge between the European Union and

Eastern Europe.

8

AS "PrivatBank" is represented in the following regions of Latvia:

In Riga: Branch "Sakta", Merkela St. 17/19; Branch "VEF", Brivibas St. 214; Branch "DAILE", Brivibas St. 73; Branch "Kengarags", Maskavas St. 250/2; Branch "Krastmala", 11 Novembra Embankment 29 RG "Langa", A. Dombrovska St. 2; RG "Burtnieku", Burtnieku St. 37; RG "Latgale", Daugavpils St. 31.

In regions of Latvia: Branch "Jekabpils", Jekabpils, Rigas St. 213; Branch "Valmiera", Valmiera, Rigas St. 28; Branch "Daugavpils", Daugavpils, Rigas St. 40; Branch "Rezekne", Rezekne, Atbrivosanas Avenue 95/3; Branch "Ventspils", Ventspils, Andreja St. 4; Branch "Liepaja", Liepaja, Graudu St. 43; Branch "Jelgava", Jelgava, Liela St. 14; RG "Nakotne", Jekabpils, Nakotnes St. 2; RG "Ludza", Ludza, Raina St. 40а; RG "Cesis", Cesis, Raunas St. 17; RG "Venta", Ventspils, Ugales St. 12/14; RG "Lauma", Liepaja, Kalpaka St. 66.

9

AS "PrivatBank" strategy

The Bank's strategy is aimed at promoting growth and strengthening market position.

Increasing the amount of deposits, credit portfolio for small and medium enterprises, and attracting new Customers both in Latvia and abroad.

The Bank plans to maintain business growth rates, especially in retail banking, continuing the growth and improving the branch network.

At present, AS PrivatBank has 20 branches throughout Latvia, 2 branches in Portugal and a branch in Italy.

Opening of the bank's branches in Spain, Greece, Germany, and Holland is also being planned.

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AS "PrivatBank" main indicators dynamics

2006 2007 2008

Capital adequacy 9.40% 15.10% 10.31%

Liquidity indicator 53.00% 64.10% 90.39%

Average return on equity 16.30% 8.66% 1.60%

Average return on assets 1.06% 0.99% 1.26%

Net interest margin 3.56% 5.48% 4.17%

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AS "PrivatBank" asset structure dynamics, EUR

0

50 000 000

100 000 000

150 000 000

200 000 000

250 000 000

300 000 000

2006 2007 2008

Other assets

Loans, other

Due from creditinstitutions

Cash anddeposits withthe Bank ofLatvia

149 273 539

192 217 281(+28,8%)

262 929 922(+36,8%)

12

AS "PrivatBank" liabilities structure dynamics, EUR

0

50 000 000

100 000 000

150 000 000

200 000 000

250 000 000

300 000 000

2006 2007 2008

Other liabilities

Liabilities to othercredit institutions

Deposits at shortnotice

Term deposits

Capital andreserves

Issued liabilities

149 273 539

192 217 281(+28,8%)

262 929 922(+36,8%)

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Priv. ind. and leg. ent. deposits dynamics atAS "PrivatBank", EUR

Legal entities’ deposits

Private individuals’ deposits

AS "PrivatBank" customers’ deposit account balance dynamics remain stable.

73 718 411

90 823 695

126 845 941

0

20 000 000

40 000 000

60 000 000

80 000 000

100 000 000

120 000 000

140 000 000

2006 2007 2008

26 774 77429 844 586

67 250 091

0

10 000 000

20 000 000

30 000 000

40 000 000

50 000 000

60 000 000

70 000 000

80 000 000

2006 2007 2008

14

AS "PrivatBank" liquid asset amount dynamics, thous. EUR

0.0

10 000.0

20 000.0

30 000.0

40 000.0

50 000.0

60 000.0

70 000.0

80 000.0

90 000.0

2006 2007 2008

Due from creditinstitutions (from 31days)

Due from creditinstitutions (up to 30days)

Due form the Bank ofLatvia (up to 30 days)

Cash

thous. EUR

% shows the ratio of liquid assets to total assets

59 783,7(40,05%)

50 270,2 (26,15%)

85 104,4 (32,37%)

15

AS "PrivatBank" liquidity performance dynamics, %

90.39%

63.92%

53.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

2006 2007 2008

The liquidity norm established by the Bank of Latvia – 30%

16

Balance structure of AS "PrivatBank" correspondent bank accounts by currency as of 31.03.2009, EUR

59 006 785

7 000 440

3 878 192419 007 381 668

1 887 442

0

10 000 000

20 000 000

30 000 000

40 000 000

50 000 000

60 000 000

70 000 000

80 000 000

EUR

Othercurrencies

RUB

GBP

LVL

EUR

USD

72 573 534EUR

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AS "PrivatBank" plans in Portugal

1. Active promotion of crediting small and medium enterprises as part of "PrivatBusinessCredit" programme;

2. Continuing to develop mortgage lending programmes "Mortgage in Ukraine" for Ukrainians working in Portugal;

3. Launch of the programme "Mortgage in Portugal";

4. Promotion of the programme "PrivatBank Deposits";

5. Development of the programme "Become an agent of PrivatBank“.

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Branch in Portugal

Director of the Branch, Marika Hayes, will tell you about the products and plans of the Branch in Portugal

Marika da Silva HayesDirectora de Sucursal

marika_hayes@privatbank.ptanjos@privatbank.pt

www.privatbank.pt

Tel. +351-213595130

Rua dos Anjos 67 -A, 1150-035, Lisboa, Portugal

AS "PrivatBank"Sucursal em Portugal

Contacts: