RU

ANNEXES

Published forms as of 1 January 2017



1

Balance Sheet

PUBLISHED FORM AS OF 1 JANUARY 2017

Lending institution State Specialized Russian Export-Import Bank (Joint-Stock Company) (Eximbank of Russia JSC)
Legal Form Joint-Stock Company
Mailing address 12 Krasnopresnenskaya Emb.,
Moscow, 123610, Russian
Federation
OKATO Code 45286575000
Code of lending institution (branch)
OKPO 29296990
Main State Registration Number 1027739109133
Registration Number (Sequence Number): 2790-Г
BIK 044525192
OKUD form 0409806
Quarterly (annual),
RUB ‘000
No. Item Note As at the reporting date As at the beginning of the reporting year
I. ASSETS
1 Cash 0 0
2 Cash with the Central Bank of the Russia 2.1.1 2,796,609 3,151,746
2.1 Mandatory reserves 142,442 40,085
3 Cash with lending institutions 2.1.2 3,927,172 1,956,609
4 Financial assets recognized at fair value through income or loss 2.1.3 532,952 320,339
5 Net outstanding loans 2.1.4 59,523,184 41,897,536
6 Net investments into securities and other financial assets available for sale 54 54
6.1 Net investments into securities held to maturity 0 0
7 Net investments into securities held to maturity 2.1.5 321,561 370,772
8 Payment of current profits tax 1,093 1,093
9 Deferred tax asset 0 0
10 Fixed assets, intangible assets and inventories 2.1.6 231,479 271,129
11 Long-term assets held for sale 601 0
12 Other assets 2.1.7 455,293 375,766
13 Total assets 67,789,998 48,345,044
II. LIABILITIES
14 Loans, deposits and other funds due to the Central Bank of Russia 2.1.8 5,947,000 2,913,000
15 Cash due to lending institutions 2.1.9 8,051,088 19,902,893
16 Cash due to customers other than lending institutions 2.1.10 16,414,035 5,382,392
16.1 Deposits of (cash due to) individuals, including individual entrepreneurs 4 4
17 Financial liabilities recognized at fair value through income or loss 0 0
18 Debt instruments issued 2.1.11 14,098,535 5,000,000
19 Current profits tax liability 2.1.12 275 323
20 Deferred tax liability 2.1.13 191 197
21 Other liabilities 2.1.14 2,900,909 3,366,418
22 Provisions for possible losses on the contingent liabilities of credit nature, for other possible losses and for operations with offshore residents 2.1.15 181,279 38,358
23 Total liabilities 47,593,312 36,603,581
III. SOURCES OF EQUITY
24 Shareholders’ equity 2.1.16 20,751,000 12,651,000
25 Treasury shares 0 0
26 Share premium
27 Reserve Fund
28 Revaluation of securities available for sale recognized at fair value through income or loss, decreased by deferred tax liability (increased by deferred tax asset) 0 0
29 Revaluation of fixed assets and intangible assets, decreased by deferred tax liability 2.1.17 765 787
30 Revaluation of liabilities (claims) on repayment of long-term remuneration 0 0
31 Revaluation of hedge instruments 0 0
32 Non-refundable financing (contributions into properties) 0 0
33 Retained earnings (uncovered losses) of prior years -910 295 -1,246,032
34 Retained earnings (loss) for the reported period 2.2 355,216 335,708
35 Total sources of equity 20,196,686 11,741,463
IV. OFF-BALANCE SHEET LIABILITIES
36 Irrevocable liabilities of the lending institution 2.1.18 34,130,911 23,489,452
37 Guarantees issued by the lending institution 2.1.19 592,417 69,687
38 Non-credit contingent liabilities 0 0

2

Statement of Financial Results

PUBLISHED FORM FOR 2016

Lending institution State Specialized Russian Export-Import Bank (Joint-Stock Company) (Eximbank of Russia JSC)
Legal Form Joint-Stock Company
Mailing address 12 Krasnopresnenskaya Emb.,
Moscow, 123610, Russian
Federation
OKATO Code 45286575000
Code of lending institution (branch)
OKPO 29296990
Main State Registration Number 1027739109133
Registration Number (Sequence Number): 2790-Г
BIK 044525192
SECTION 1. PROFIT AND LOSS OKUD form 0409807
Quarterly (annual),
RUB ‘000
No. Item Note Year to date Year over year
1 Total interest income, including income from: 3,756,766 1,616,568
1.1 deposits with lending institutions 2.2.1 2,337,890 680,508
1.2 loans to customers other than lending institutions 2.2.1 1,342,955 832,460
1.3 financial leasing 0 0
1.4 investments in securities 2.2.2 75,921 103,600
2 Total interest expenses, including expenses on: 2,217,039 681,730
2.1 funds raised from lending institutions 2.2.3 897,539 565,294
2.2 funds raised from customers other than lending institutions 2.2.4 712,395 55,086
2.3 debt instruments issued 2.2.5 607,105 61,350
3 Net interest income (negative interest margin) 1,539,727 934,838
4 Change of provisions for possible losses on loans, other similar indebtedness, funds on correspondent accounts as well as accrued interest income, including: 2.2.6 -97,066 -375,740
4.1 change of provisions for possible losses on accrued interest income -2,135 -1,595
5 Net interest income (negative interest margin) after provisions for possible losses 1,442,661 559,098
6 Net income from operations with financial assets recognized at fair value through income or loss 2.2.7 55,600 182,097
7 Net income from operations with financial liabilities recognized at fair value through income or loss 0 0
8 Net income from operations with securities available for sale 0 0
9 Net income from operations with securities held to maturity -5 0
10 Net income from operations with foreign currency 2.2.8 257,442 -847,250
11 Net income from operations with foreign currency 2.2.9 -518,960 1,456,613
12 Net income from operations with precious metals 0 0
13 Income from participation in other companies 2.2.10 2,317 141
14 Fee & commission income 2.2.11 55,040 49,613
15 Fee & commission expenses 2.2.12 23,288 31,275
16 Change of provisions for possible losses on securities available for sale 0 0
17 Change of provisions for possible losses on securities held to maturity 0 0
18 Change of provisions for other losses 2.2.13 -73,266 -78,924
19 Other operating income 2.2.14 561,243 17,418
20 Net income (loss) 1,758,784 1,307,531
21 Operating expenses 2.2.15 1,342,039 920,844
22 Profit (loss) before taxes 416,745 386,687
23 Accrued (paid) taxes 2.2.16 61,529 50,979
24 Profit (loss) from continuing activity 446,145 335,708
25 Profit (loss) from terminated activity 2.2.17 -90,929 0
26 Profit (loss) for the reporting period 355,216 335,708
v
SECTION 2. OTHER COMPREHENSIVE INCOME
No. Item Note Year to date Year over year
1 Profit (loss) for the reporting period 355,216 335,708
2 Other comprehensive income (loss) Х Х
3 Items not reclassified to profit or loss, total, including: 0 0
3.1 change in fixed assets revaluation fund 0 0
3.2 change in fund of revaluation of liabilities (claims) on staff retirement plans with fixed payments 0 0
4 Profits tax with respect to items that may not be reclassified to profit or loss 0 0
5 Other comprehensive income (loss) that may not be reclassified to profit or loss, less profits tax 0 0
6 Items that may be reclassified to profit or loss, total, including: 0 0
6.1 change in fund of revaluation of financial assets available for sale 0 0
6.2 change in fund of cash flows hedging 0 0
7 Profits tax with respect to items that may be reclassified to profit or loss 0 0
8 Other comprehensive income (loss) that may be reclassified to profit or loss, less profits tax 0 0
9 Other comprehensive income (loss) less profits tax 0 0
10 Financial result for the reporting period 355,216 335,708

3

Statement of Capital Adequacy and
Available Provisions for Possible Losses
on Loans and Other Assets

PUBLISHED FORM AS OF 1 JANUARY 2017

Lending institution State Specialized Russian Export-Import Bank (Joint-Stock Company) (Eximbank of Russia JSC)
Legal Form Joint-Stock Company
Mailing address 12 Krasnopresnenskaya Emb.,
Moscow, 123610, Russian
Federation
OKATO Code 45286575000
Code of lending institution (branch)
OKPO 29296990
Main State Registration Number 1027739109133
Registration Number (Sequence Number): 2790-Г
BIK 044525192
SECTION 1. INFORMATION ON CAPITAL ADEQUACY OKUD form 0409808
Quarterly (annual),
RUB ‘000
No. Item Note
Instrument (item) value as at the reporting date
Instrument (item) value as at the beginning of the reporting year
included into
capital calculation
excluded from
capital calculation
until 1 January
2018
included into capital calculation excluded from
capital calculation
until 1 January 2018
SOURCES OF COMMON EQUITY TIER 1 CAPITAL
1 Share capital and share premium, total, including formed by: 2.3 20,751,000 Х 12,651,000 Х
1.1 ordinary shares 20,751,000 Х 12,651,000 Х
1.2 preferred shares 0 Х 0 Х
2 Retained earnings (loss) -910 295 Х -1,174,015 Х
2.1 of prior years -910,295 Х -1,174,015 Х
2.2 of the reporting year 0 Х 0 Х
3 Reserve Fund 0 Х 0 Х
4 Shares in share capital subject to staged exclusion from the equity calculation not applicable Х not applicable Х
5 Instruments of subsidiaries' Common Equity Tier 1 Capital held by third parties not applicable Х not applicable Х
6 Sources of Common Equity Tier 1 Capital, total (line 1 +/- line 2 + line 3 - line 4 + line 5) 19,840,705 Х 11,476,985 Х
ITEMS DECREASING SOURCES OF COMMON EQUITY TIER 1 CAPITAL
7 Trade portfolio adjustment not applicable not applicable not applicable not applicable
8 Goodwill less deferred tax liabilities 0 0 0 0
9 Intangible assets (other than goodwill and mortgage servicing rights) less deferred tax liabilities 44,213 0 11,906 0
10 Deferred tax assets depending on future profit 0 0 0 0
11 Cash flow hedge reserves not applicable not applicable not applicable not applicable
12 Underprovisioned possible losses 0 0 0 0
13 Income from securitization not applicable not applicable not applicable not applicable
14 Income and expenses related to change in credit risk on liabilities carried at fair value not applicable not applicable not applicable not applicable
15 Retirement plan assets with fixed payments not applicable not applicable not applicable not applicable
16 Investments in treasury shares 0 0 0 0
17 Mutual cross-ownership of shares not applicable not applicable not applicable not applicable
18 Immaterial investments in financial organizations' instruments of Common Equity Tier 1 Capital 0 0 0 0
19 Material investments in financial organizations' instruments of Common Equity Tier 1 Capital 0 0 0 0
20 Mortgage servicing rights 0 0 0 0
21 Deferred tax assets not depending on future profit 0 0 0 0
22 Comprehensive material investments and deferred tax assets exceeding 15% of the Common Equity Tier 1 Capital, total, including: 0 0 0 0
23 material investments in financial organizations' instruments of Common Equity Tier 1 Capital 0 0 0 0
24 mortgage servicing rights not applicable not applicable not applicable not applicable
25 deferred tax assets not depending on future profit 0 0 0 0
26 Other items decreasing sources of Common Equity Tier 1 Capital as provided by the Central Bank of Russia, total, including: 0 0 0 0
26.1 items subject to staged exclusion from the equity calculation 0 Х 0 Х
27 Negative value of Additional Tier 1 Capital 29,475 Х 17,858 Х
28 Items decreasing sources of Common Equity Tier 1 Capital, total (sum of lines 7-22, 26 and 27) 73,688 Х 29,764 Х
29 Common Equity Tier 1 Capital, total (line 6 - line 28) 19,767,017 Х 11,447,221 Х
SOURCES OF ADDITIONAL TIER 1 CAPITAL
30 Instruments of Additional Tier 1 Capital and share premium, total, including: 0 Х 0 Х
31 classified as capital 0 Х 0 Х
32 classified as liabilities 0 Х 0 Х
33 Instruments of Additional Tier 1 Capital subject to staged exclusion from the equity calculation 0 Х 0 Х
34 Instruments of subsidiaries' Additional Tier 1 Capital held by third parties, total, including not applicable Х not applicable Х
35 instruments of subsidiaries' Additional Tier 1 Capital subject to exclusion from equity calculation Х Х
36 Sources of Additional Tier 1 Capital, total (line 30 + line 33 + line 34) 0 Х 0 Х
ITEMS DECREASING SOURCES OF ADDITIONAL TIER 1 CAPITAL
37 Investments in equity instruments of Additional Tier 1 Capital 0 0 0 0
38 Mutual cross-ownership of instruments of Additional Tier 1 Capital not applicable not applicable not applicable not applicable
39 Immaterial investments in financial organizations' instruments of Additional Tier 1 Capital 0 0 0 0
40 Material investments in financial organizations' instruments of Additional Tier 1 Capital 0 0 0 0
41 Other items decreasing sources of Additional Tier 1 Capital as provided by the Central Bank of Russia, total, including: 0 X 0 X
41.1 items subject to staged exclusion from the equity calculation, total, of which: 0 X 0 X
41.1.1 intangible assets 0 X 0 X
41.1.2 treasury shares 0 X 0 X
41.1.3 shares in subsidiaries and dependable financial organizations and resident lending institutions 0 X 0 X
41.1.4 sources of equity formed with the use of improper assets 0 X 0 X
41.1.5 negative value of Additional Tier 1 Capital resulting from adjustment of equity for the sum of sources of Additional Tier 1 Capital formed by investors with the use of improper assets 0 X 0 X
42 Negative value of Additional Tier 1 Capital 0 X 0 X
43 Items decreasing sources of Additional Tier 1 Capital, total (sum of lines 37-42) 0 X 0 X
44 Additional Tier 1 Capital, total (line 36 - line 43) 0 X 0 X
45 Tier 1 Capital, total (line 29 + line 44) 19,767,017 X 11,447,221 X
SOURCES OF TIER 2 CAPITAL
46 Instruments of Tier 2 Capital and share premium 353,681 X 312,428 X
47 Instruments of Tier 2 Capital subject to staged exclusion from the equity calculation 2.3 1,945,000 X 2,200,000 X
48 Instruments of subsidiaries' Tier 2 Capital held by third parties, total, including: not applicable X not applicable X
49 Instruments of subsidiaries' Tier 2 Capital, subject to staged exclusion from the equity calculation X X
50 Provisions for possible losses not applicable X not applicable X
51 Sources of Tier 2 Capital, total (line 46 + line 47 + line 48 + line 50) 2,298,681 X 2,512,428 X
ITEMS DECREASING SOURCES OF TIER 2 CAPITAL
52 Investments in equity instruments of Tier 2 Capital 0 0 0 0
53 Mutual cross-ownership of instruments of Tier 2 Capital not applicable not applicable not applicable not applicable
54 НImmaterial investments in financial organizations' instruments of Tier 2 Capital 0 0 0 0
55 Material investments in financial organizations' instruments of Tier 2 Capital 0 0 0 0
56 Other items decreasing sources of Tier 2 Capital as provided by the Central Bank of Russia, total, including: 0 X 0 X
56.1 items subject to staged exclusion from the equity calculation, total, of which: 0 X 0 X
56.1.1 sources of capital formed by investors with the use of improper assets 0 X 0 X
56.1.2 30 days + overdue receivables 0 X 0 X
56.1.3 subordinated loans granted to resident lending institutions 0 X 0 X
56.1.4 excess of total portfolio of loans, bank guarantees and suretyships granted to shareholders and insiders over its maximum amount 0 X 0 X
56.1.5 investments to construction and acquisition of fixed assets and inventory 0 X 0 X
56.1.6 difference between the actual value of the interest attributable to the withdrawing members and value at which the interest was sold to another member 0 X 0 X
57 Items decreasing sources of Tier 2 Capital, total (sum of lines 52-56) 0 X 0 X
58 Tier 2 Capital, total (line 51 - line 57) 2,298,681 Х 2,512,428 Х
59 Equity, total (line 45 + line 58) 22,065,698 Х 13,959,649 Х
60 Risk-weighted assets: Х Х Х Х
60.1 subject to staged exclusion from the equity calculation 0 Х 0 Х
60.2 essential for calculation of Common Equity Tier 1 Capital adequacy 54,912,400 Х 23,752,459 Х
60.3 essential for calculation of Tier 1 Capital adequacy 54,912,400 Х 23,752,459 Х
60.4 essential for calculation of capital adequacy 54,912,591 Х 23,752,459 Х
CAPITAL ADEQUACY INDICATORS AND PREMIUMS
ON CAPITAL ADEQUACY NORMS, %
61 Common Equity Tier 1 Capital adequacy
(line 29 : line 60.2)
2.3 36.0 Х 48.2 Х
62 Tier 1 Capital adequacy (line 45 : line 60.3) 2.3 36.0 Х 48.2 Х
63 Capital adequacy (line 59 : line 60.4) 2.3 40.2 Х 58.8 Х
64 Premiums on capital adequacy norms, total, including not applicable Х not applicable Х
65 premium to support capital adequacy not applicable Х not applicable Х
66 anti-cyclic premium not applicable Х not applicable Х
67 too-big-to-fail premium not applicable Х not applicable Х
68 Common Equity Tier 1 Capital available for support of premiums on capital adequacy norms not applicable Х not applicable Х
CAPITAL ADEQUACY NORMS, %
69 Common Equity Tier 1 Capital adequacy norm 0.0 Х 0.0 Х
70 Tier 1 Capital adequacy norm 0.0 Х 0.0 Х
71 Capital adequacy norm 0.0 Х 0.0 Х
ITEMS RECOGNIZED TO DECREASE SOURCES OF CAPITAL, NOT EXCEEDING THE FIXED MATERIALITY THRESHOLDS
72 Immaterial investments in financial organizations' capital instruments 0 Х 0 Х
73 Material investments in financial organizations' capital instruments 0 Х 0 Х
74 Mortgage servicing rights not applicable Х not applicable Х
75 Deferred tax assets not depending on future profit 0 Х 0 Х
LIMITATIONS ON INCLUSION OF POSSIBLE LOSS IN CALCULATION OF ADDITIONAL TIER 1 CAPITAL
76 Provisions for possible losses included in calculation of Additional Tier 1 Capital, with respect to positions for credit risk calculation to which the standard approach is applied not applicable Х not applicable Х
77 Limitations on inclusion of provisions for possible losses in calculation of Additional Tier 1 Capital with the use of standard approach not applicable Х not applicable Х
78 Provisions for possible losses included in calculation of Additional Tier 1 Capital, with respect to positions for credit risk calculation to which the approach based on internal models is applied неприменимо Х неприменимо Х
79 Limitations on inclusion of provisions for possible losses in calculation of Additional Tier 1 Capital with the use of approach based on internal models not applicable Х not applicable Х
INSTRUMENTS SUBJECT TO STAGED EXCLUSION FROM THE EQUITY CALCULATION (APPLICABLE FROM 1 JANUARY 2018 TO 1 JANUARY 2022)
80 Current limitation on inclusion of instruments subject to staged exclusion from the equity calculation in sources of Common Equity Tier 1 Capital 0 Х 0 Х
81 Part of instruments excluded from sources of Common Equity Tier 1 Capital due to limitations 0 Х 0 Х
82 Current limitation on inclusion of instruments subject to staged exclusion from the equity calculation in sources of Additional Tier 1 Capital 0 Х 0 Х
83 Part of instruments excluded from sources of Additional Tier 1 Capital due to limitations 0 Х 0 Х
84 Current limitation on inclusion of instruments subject to staged exclusion from the equity calculation in sources of Tier 2 Capital 0 Х 0 Х
85 Part of instruments excluded from sources of Tier 2 Capital due to limitations 0 Х 0 Х

Note.
Information on the balance sheet data which are sources for Section 1 of the Statement is provided in Notes 2, 3 of accompanying information to Form 0409808.

SECTION 2. CREDIT, OPERATING AND MARKET RISK LEVELS COVERED BY THE CAPITAL
SUBSECTION 2.1. CREDIT RISK UNDER STANDARDIZED APPROACH
RUB ‘000
No. Item Note
As at the reporting date
As at the beginning of the reporting year
Assets (instruments) valued under standardized approach Assets (instruments) less provisions for possible losses Risk-weighted assets (instruments) value Assets (instruments) valued under standardized approach Assets (instruments) less provisions for possible losses Risk-weighted assets (instruments) value
1 Credit risk on on-balance sheet assets 3.7.2 33,465,640 30,849,042 22,253,611 40,582,368 37,763,012 13,379,875
1.1 Assets with 0% risk weight, of which: 3,210,210 3,210,210 0 4,976,846 4,976,846 0
1.1.1 cash and mandatory cash balances with the Bank of Russia 2,796,609 2,796,609 0 3,151,746 3,151,746 0
1.1.2 credit claims and other claims collateralized by the guarantees of the Russian Federation, Ministry of Finance of Russia and the Bank of Russia as well as by the government debt securities of the Russian Federation, Ministry of Finance of Russia and the Bank of Russia 321,561 321,561 0 1,714,492 1,714,492 0
1.1.3 credit claims and other claims to the central banks and governments of the countries with country assessment of “0” or “1” including claims collateralized by guarantees of such countries etc. 0 0 0 0 0 0
1.2 Assets with 20% risk weight, of which: 10,220,567 10,220,567 2,044,113 17,427,768 17,427,768 3,485,554
1.2.1 credit claims and other claims to the constituent entities of the Russian Federation and municipal entities as well as claims to other organizations collateralized by the securities of the Russian Federation and municipal entities 0 0 0 941,220 941,220 188,244
1.2.2 credit claims and other claims to the central banks and governments of the countries with country assessment of “2” including claims collateralized by guarantees (or securities) of such countries 0 0 0 0 0 0
1.2.3 credit claims and other claims to the resident lending institutions of the countries with country assessment of “0” or “1”, having a long-term credit rating, including those collateralized by their guarantees 174,524 174,524 34,905 219,516 219,516 43,903
1.3 Assets with 50% risk weight, of which: 0 0 0 10,928,154 10,928,154 5,464,077
1.3.1 credit claims and other claims in the foreign currency collateralized by the guarantees of the Russian Federation, Ministry of Finance of Russia and the Bank of Russia as well as by the government debt securities of the Russian Federation, Ministry of Finance of Russia and the Bank of Russia, nominated in the foreign currency 0 0 0 10 928 154 10 928 154 5 464 077
1.3.2 credit claims and other claims to the central banks and governments of the countries with country assessment of “3” including claims collateralized by guarantees (or securities) of such countries 0 0 0 0 0 0
1.3.3 credit claims and other claims to the resident credit institutions of the countries with country assessment of “0” or “1”, not having a long-term credit rating, and residents of the countries with country assessment of “2”, including those collateralized by their guarantees 0 0 0 0 0 0
1.4 Assets with 100% risk weight, of which: 14,436,919 11,835,800 11,835,800 7,249,600 4,430,244 4,430,244
1.5 Assets with 150% risk weight - credit claims and other claims to the central banks and governments of the countries with country assessment of “7” 5,597,944 5,582,465 8,373,698 0 0 0
2 Assets with other risk weight: X X X X X X X
2.1 with lowered risk weight, total, including: 3.7.2 11,976,856 11,976,856 598,843 1,405 209 1,405,209 70,260
2.1.1 mortgage loans with 50% risk weight 0 0 0 0 0 0
2.1.2 mortgage loans with 70% risk weight 0 0 0 0 0 0
2.1.3 тclaims of clearing members 11,976,856 11,976,856 598,843 1,405,209 1,405,209 70,260
2.2 Assets with elevated risk weights, total, including: 3.7.2 24,342,613 23,373,872 26,611,548 8,776,687 8,584,581 7,515,769
2.2.1 with 110% risk weight 19,840,710 19,727,815 21,700,597 5,324,924 5,258,931 5,784,824
2.2.2 with 130% risk weight 4,357,723 3,557,043 4,624,156 3,052,471 3,052,030 1,183,172
2.2.3 with 150% risk weight 130,246 75,080 112,620 383,134 257,462 386,193
2.2.4 with 250% risk weight 0 0 0 0 0 0
2.2.5 with 1250% risk weight, including: 13,934 13,934 174,175 16,158 16,158 161,580
2.2.5.1 on assignments to mortgage agents or specialized entities, including with respect to mortgage-backed money claims 0 0 0 0 0 0
3 Consumer loans, total including: 0 0 0 0 0 0
3.1 with 140% risk weight 0 0 0 0 0 0
3.2 with 170% risk weight 0 0 0 0 0 0
3.3 with 200% risk weight 0 0 0 0 0 0
3.4 with 300% risk weight 0 0 0 0 0 0
3.5 with 600% risk weight 0 0 0 0 0 0
4 Credit risk on credit- related commitments, total, including: 3.7.2 13,104,526 12,923,247 545,606 5,303,426 5,265,066 63,395
4.1 financial instruments with high risk profile 592,417 550,644 545,606 69,687 69,686 63,395
4.2 по финансовым инструментам со средним риском 0 0 0 0 0 0
4.3 financial instruments with average risk profile 0 0 0 0 0 0
4.4 risk-free financial instruments 12,512,109 12,372,603 0 5,233,739 5,195,380 0
5 Credit risk on derivatives 0 Х 0 0 Х 0

1. Assets classification is in compliance with item 2.3 of the Instruction No. 139-I of the Bank of Russia.

2. Country assessment is in compliance with the classification of Export Credit Agencies which are parties to the Arrangement between Member States of the Organisation for Economic Cooperation and Development (OECD) on Officially Supported Export Credits (country assessments are published on the official website of the Bank of Russia in section “Banking Supervision”).

3. Long-term credit ratings of the lending institution are defined as the ratings of international rating agencies: S&P Global Rating’s or Fitch Rating’s or Moody’s Investors Service.

SUBSECTION 2.2. OPERATING RISK RUB ‘000 (q-ty)
No. Item Note As at the reporting date As at the beginning of the reporting year
6 Operating risk, total, including: 3.7.4 195,736 90,708
6.1 income for calculation of capital to cover operating risk, total, including: 3,914,718 1,814,169
6.1.1 net interest income 1,718,846 1,172,475
6.1.2 net non-interest income 2,195,872 641,694
6.2 number of years prior to the date of operating risk calculation 3 3
SUBSECTION 2.3. MARKET RISK RUB ‘000
No. Item Note As at the reporting date As at the beginning of the reporting year
7 Comprehensive market risk, total, including: 3.7.4 2,429,074 1,420,307
7.1 interest risk, total, including: 3.7.4 61,555 13,327
7.1.1 general 1,009 612
7.1.2 specific 60,546 12,715
7.1.3 gamma risk and vega risk on options, included in interest risk calculation 0 0
7.2 stock market risk, total, including: 3.7.4 4,544 2,280
7.2.1 general 2,272 1,140
7.2.2 specific 2,272 1,140
7.2.3 gamma risk and vega risk on options, included in stock market risk calculation 0 0
7.3 currency risk 3.7.4 128,227 1,225,216
7.3.1 gamma risk and vega risk on options, included in currency risk calculation 0 0
7.4 commodity risk, total, including: 0 0
7.4.1 basic commodity risk 0 0
7.4.2 additional commodity risk 0 0
7.4.3 gamma risk and vega risk on options, included in commodity risk calculation 0 0
SECTION 3. PROVISIONS FOR DOUBTFUL LOANS AND OTHER ASSETS тыс. руб.
No. Item Note As at the reporting date Increase (+) / decrease (-) during the reporting period As at the beginning of the reporting year
1 Actual provisions for possible losses, total, including: 3,028,047 170,332 2,857,715
1.1 loans and similar debts 2.2.6 2,769,385 97,066 2,672,319
1.2 other assets carrying the risk of losses and other possible losses 2.2.13 77,383 -69,655 147,038
1.3 credit-related contingencies and securities, the rights to which are certified by depositaries, that do not meet the requirements of the Bank of Russia, recognized at off balance accounts 2.1.15 181,279 142,921 38,358
1.4 operations with offshore residents 0 0 0
SECTION 4. INFORMATION ABOUT FINANCIAL LEVERAGE
No. Item Note As at the reporting date As at the end of Q1 As at the end of Q2 As at the end of Q3
1 Tier 1 Capital, RUB ‘000 19,767,017 11,676,158 11,700,470 11,369,568
2 Assets and off-balance claims at risk for financial leverage calculation, RUB ‘000 72,036,953 50,040,786 50,005,827 56,085,918
3 Financial leverage according to Basel III, % 2.4 27.4 23.3 23.4 20.3
SECTION 5. KEY CHARACTERISTICS OF CAPITAL INSTRUMENTS
No. Item Note As at the reporting date As at the end of Q1
1 Abbreviated name of the issuer of the capital instrument Vnesheconombank EXIAR JSC Eximbank of Russia JSC
2 Instrument ID not applicable not applicable 10102790В
3 Applicable law 643 (Russia) 643 (Russia) 643 (Russia)
REGULATORY CONDITIONS
4 Capital level for the instrument during the transition period to Basel III not applicable not applicable not applicable
5 Capital level for the instrument after the transition period to Basel III Tier II Capital Tier II Capital Common Equity Tier 1 Capital
6 Consolidation level stand-alone basis stand-alone basis stand-alone basis
7 Type of instrument subordinated loan (deposit) subordinated loan (deposit) ordinary shares
8 Cost of instrument included in capital calculation 1,445,000 500,000 20,751,000
9 Nominal value of the instrument 1,700,000 (RUB) 500,000 (RUB) 20,751,000 (RUB)
10 Classification of the instrument for accounting purposes liability carried at amortized value liability carried at book value liability carried at book value
11 Date of issue (raising, placement) of the instrument 24.01.2011, 09.11.2015 02.02.2015 27.10.1994, 10.02.2003, 21.05.2014, 24.06.2015, 28.11.2016
12 Maturity of the instrument fixed-term fixed-term perpetual
13 Maturity date 27.03.2021 23.01.2022 unlimited in time
14 Right of early redemption (repayment) agreed with the Bank of Russia no no not applicable
15 Initial date(s) of possible early redemption (repayment) of the instrument, terms and amount of redemption (repayment) no no not applicable
16 Subsequent date(s) of early redemption (repayment) of the instrument no no not applicable
INTEREST / DIVIDENDS / COUPON
17 Type of rate flat flat not applicable
18 Rate 5.1667 6.20 not applicable
19 Conditions to terminate dividend payment on ordinary shares not applicable not applicable yes
20 Dividends are mandatory not applicable not applicable partially, as the lending institution may deem appropriate
21 Conditions implying increase of payments on the instrument or other incentives to early redemption (repayment) of the instrument no no no
22 Nature of payments non-cumulative non-cumulative non-cumulative
23 Convertibility of the instrument convertible convertible non-convertible
24 Conditions for conversion of the instrument If Common Equity Tier 1 Capital Adequacy calculated under Instruction No. 139-I is below 2% cumulatively for 6 and more operating days during any 30 subsequent operating days or if the Bank of Russia’s Banking Supervision Committee approves the bankruptcy prevention plan requiring the Deposit Insurance Agency to step in under the Federal Law “On Insolvency (Bankruptcy)” If Common Equity Tier 1 Capital not applicable Adequacy calculated under Instruction No. 139-I is below 2% cumulatively for 6 and more operating days during any 30 subsequent operating days or if the Bank of Russia’s Banking Supervision Committee approves the bankruptcy prevention plan requiring the Deposit Insurance Agency to step in under the Federal Law “On Insolvency (Bankruptcy)” not applicable
25 Partial or full conversion fully or partially fully or partially not applicable
26 Conversion rate 100 100 not applicable
27 Conversion is mandatory mandatory mandatory not applicable
28 Capital level for the convertible instrument Common Equity Tier 1 Capital Common Equity Tier 1 Capital not applicable
29 Abbreviated name of the issuer of the convertible instrument Eximbank of Russia JSC Eximbank of Russia JSC not applicable
30 Instrument can be written off to cover losses no no no
31 Conditions for writing off the instrument by law by law by law
32 Full or partial write-off fully or partially fully or partially not applicable
33 Permanent or temporary write- off permanent permanent not applicable
34 Recovery mechanism not applicable not applicable not applicable
35 Subordination of the instrument not applicable not applicable not applicable
36 Compliance with the requirements of the Bank of Russia’s Regulations No395-P and No509-P yes yes yes
37 Description of discrepancies not applicable not applicable not applicable

Note:

For more information on the terms of issuance (raising) of capital instruments, as well as up-to-date information contained in Section 5 of the Statement, please visit section “Regulatory Disclosure” at www.eximbank.ru, accompanying information to Form No. 0409808.


FOR REFERENCE:

ИMovements in the provision for possible losses on loans and similar debts (Note 2.2.6).

1. Creating (supplementing) the provision during the reporting period (RUB ‘000), total 4,542,113, including due to:

  • 1.1. new loans issued - 3,639,789;
  • 1.2. change of loan quality - 402,579
  • 1.3. translation differences - 239,237;
  • 1.4. other reasons - 250,508

2. Reversal (decrease) of the provision during the reporting period (RUB ‘000), total 4,675,217, including due to:

  • 2.1. bad loan write-off - 230,167;
  • 2.2. loan repayment - 3,668,992;
  • 2.3. change of loan quality - 165,934;
  • 2.4. translation differences - 496,416;
  • 2.5. other reasons - 113,708.

4

Statutory Requirements, Financial Leverage and Short-Term Liquidity Norm

PUBLISHED FORM AS OF 1 JANUARY 2017

Lending institution State Specialized Russian Export-Import Bank (Joint-Stock Company) (Eximbank of Russia JSC)
Legal Form Joint-Stock Company
Mailing address 12 Krasnopresnenskaya Emb.,
Moscow, 123610, Russian
Federation
OKATO Code 45286575000
Code of lending institution (branch)
OKPO 29296990
Main State Registration Number 1027739109133
Registration Number (Sequence Number): 2790-Г
BIK 044525192
SECTION 1. STATUTORY REQUIREMENTS OKUD form 0409813
Quarterly (annual),
%
No. Item Note Reference value
Actual value
As at the reporting date As at the beginning of the reporting year
1 Common Equity Tier 1 capital adequacy ratio (N1.1) 2.4 4.5 36.0 48.2
2 Tier 1 capital adequacy ratio (N1.2) 2.4 5.5 36.0 48.2
3 Total capital adequacy ratio (N1.0) 2.4 8 40.2 58.8
4 Instant liquidity ratio (N2) 2.4 15 201.3 97.6
5 Current liquidity ratio (N3) 2.4 50 222.8 467.3
7 Long-term liquidity ratio (N4) 2.4 120 13.7 6.8
8 Maximum exposure per borrower or a group of related borrowers (N6) 2.4 120 Max.      21.7 Max.      20.9
Min.      0.3 Min.      0.0
9 Maximum exposure to large loans (N7) 2.4 800 116.5 123.0
10 Maximum amount of loans, bank guarantees and suretyships granted by the bank to its shareholders (N9.1) 50 0.0 0.0
11 Comprehensive exposure to insiders (N10.1) 3 0.0 0.0
12 Capital investments in other legal entities (N12) 25 0.0 0.0
SECTION 2. FINANCIAL LEVERAGE CALCULATION
Subsection 2.1. Assets and off-balance claims at risk for financial leverage calculation
RUB ‘000
Line Item Note Amount
1 Assets, according to the balance sheet (published form), total 67,789,998
2 Adjustment for investments in capital made by lending, financial, insurance or other institutions, the reporting data of which is to be included in the consolidated financial statements but excluded from calculation of equity, statutory requirements and limits of open forex positions of the bank group not applicable to the reporting of a lending institution as a legal entity
3 Adjustment for fiduciary asset, recognized in the accordance with the accounting standards but excluded from calculation of the financial leverage 0
4 Adjustment for derivative instruments 0
5 Adjustment for stock lending transactions 0
6 Adjustment for bringing credit-related contingencies to a loan equivalent 1,787,904
7 Other adjustments 218,658
8 On- and off-balance sheet assets at risk as adjusted for calculation of financial leverage, total 69,359,244
Subsection 2.2. Financial leverage calculation RUB ‘000
Line Item Note Amount
RISK ON ON-BALANCE SHEET ASSETS
1 On-balance sheet assets, total 58,787,932
2 Reducing adjustment for a sum of indicators, reducing the sources of Tier I Capital 73,688
3 On-balance sheet assets at risk after adjustment (difference of lines 1 and 2), total 58,714,244
RISK ON TRANSACTIONS WITH DERIVATIVE INSTRUMENTS
4 Current credit risk on transactions with derivative instruments (less received variation margin), total 0
5 Potential credit risk per contractor on transactions with derivative instruments, total: 0
6 Adjustment for the nominal amount of provided security on transactions with derivative instruments, subject to a write-off under the accounting standards not applicable according to the Russian accounting standards
7 Reducing adjustment for the amount of credited variation margin to the applicable extent 0
8 Adjustment for the claims of a clearing bank to the central contractor to settle customers’ transactions 0
9 Adjustment for the credit risk with regard to underlying asset on outstanding lending derivative instruments 0
10 Reducing adjustment for outstanding lending derivative instruments 0
11 Risk on derivative instruments after adjustments (sum of lines 4, 5, 9, less lines 7, 8, 10), total 0
RISK ON STOCK LENDING TRANSACTIONS
12 Claims on stock lending transactions (less netting), total 11,534,805
13 Adjustment for cash netting of claims and liabilities on stock lending transactions 0
14 Credit risk per contractor on stock lending transactions 0
15 Risk on guarantee stock lending transactions 0
16 Claims on stock lending transactions after adjustments (sum of lines 12, 14, 15 less line 13), total 11,534,805
RISK ON CREDIT-RELATED CONTINGENCIES
17 Nominal risk on credit-related contingencies, total 12,923,247
18 Adjustment for application of loan equivalent ratios 11,135,343
19 Risk on credit-related contingencies after adjustments (difference of lines 17 and 18), total 1,787,904
CAPITAL AND RISKS
20 Tier I Capital 19,767,017
21 On- and off-balance sheet assets at risk for calculation of financial leverage (sum of lines 3, 11, 16, 19), total 72,036,953
FINANCIAL LEVERAGE
22 Financial leverage according to Basel III (line 20 / line 21), % 2.4 27.4

5

Statement of Cash Flows

PUBLISHED FORM AS OF 1 JANUARY 2017

Lending institution State Specialized Russian Export-Import Bank (Joint-Stock Company) (Eximbank of Russia JSC)
Legal Form Joint-Stock Company
Mailing address 12 Krasnopresnenskaya Emb.,
Moscow, 123610, Russian
Federation
OKATO Code 45286575000
Code of lending institution (branch)
OKPO 29296990
Main State Registration Number 1027739109133
Registration Number (Sequence Number): 2790-Г
BIK 044525192
OKUD form 0409814
Quarterly (annual),
RUB ‘000
Line Item Note Year to date Year over year
NET CASH RECEIVED FROM (USED IN) OPERATING ACTIVITY
1.1 Cash received from (used in) operating activity before changes in operating assets and liabilities, total, including: 1 042,333 -674,396
1.1,1 interest received 3,678,683 1,457,445
1.1.2 interest paid 2,167,150 570,417
1.1.3 fees and commissions received 55,040 49,613
1.1.4 fees and commissions paid 23,288 31,275
1.1.5 income less expenses on transactions with financial assets available for sale recognized at fair value through income or loss 55,338 137,429
1.1.6 income less expenses on transactions with securities held to maturity 0 0
1.1.7 income less expenses on transactions with foreign currency 257,442 -847,250
1.1.8 other operating income 563,560 17,868
1.1.9 operating expenses 1,317,776 836,632
1.1.10 tax expense (recovery) 59,516 51,177
1.2 Gain (loss) of net cash from operating assets and liabilities, total, including: -6,571,843 -9,437,982
1.2.1 net gain (loss) of mandatory cash balances with the Bank of Russia -102,357 8,796
1.2.2 net gain (loss) of investments in securities recognized at fair value through income or loss -211,503 676,638
1.2.3 net gain (loss) of outstanding loans -20,538,602 -28,590,394
1.2.4 net gain (loss) of other assets -55,337 -131,843
1.2.5 net gain (loss) of loans, deposits and other funds due to the Bank of Russia 3,034,000 2,911,922
1.2.6 net gain (loss) of cash due to other lending institutions -9,710,094 5,341,459
1.2.7 net gain (loss) of cash due to customers other than lending institutions 12,384,761 2,212,797
1.2.8 net gain (loss) of financial liabilities recognized at fair value through income or loss 0 0
1.2.9 net gain (loss) of debt instruments issued 9,098,535 5,000,000
1.2.10 net gain (loss) of other liabilities -471,246 3 132,643
1.3 Total for section 1 (lines 1.1 + 1.2) -5,529,510 -10,112,378
NET CASH RECEIVED FROM (USED IN) INVESTMENT ACTIVITY
2.1 Acquisition of securities and other financial assets available for sale 0 0
2.2 Proceeds from sale and repayment of securities and other financial assets available for sale 0 0
2.3 Acquisition of securities held to maturity 0 646
2.4 Proceeds from sale of securities held to maturity 52,977 0
2.5 Acquisition of fixed assets, intangibles and inventories 85,314 -5,312
2.6 Proceeds from sale of fixed assets, intangibles and inventories -22 -66,599
2.7 Dividends received 0 0
2.8 Total for section 2 (sum of lines 2.1 to 2.7) 138,269 -71,265
NET CASH RECEIVED FROM (USED IN) FINANCIAL ACTIVITY
3.1 Contributions of shareholders to the share capital 8,100,000 10,000,000
3.2 Acquisition of treasury shares from shareholders 0 0
3.3 Sale of treasury shares 0 0
3.4 Dividends paid 0 0
3.5 Total for section 3 (sum of lines 3.1 to 3.4) 8,100,000 10,000,000
4 EFFECTS OF CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS -1,195,690 2,184,779
5 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2.5 1,513,069 2,001,136
5.1 Cash and cash equivalents at the beginning of the reporting year 5,068,270 3,067,134
5.2 Cash and cash equivalents at the end of the reporting period 6,581,339 5,068,270


Chairman, Management Board, Eximbank of Russia JSC

Andrey Sergeevich Polyakov

Chief Accountant, Eximbank of Russia JSC

Natalya Aleksandrovna Bondaryuk