Asset Quality

• Centralised credit authority
• The Bank's strategy towards large exposures is conservative:
  – Pivdennyi's top ten aggregated loan exposure has decreased since 2004
  – Pivdennyi's clients are mainly Ukrainian industries leaders
  – The Bank maintains strong asset quality despite rapid growth
  
• Exposure to single names has been sharply reducing in 2005 and remains controlled since then

	Non performing loans / Total loans
	Non repaid interest / Total Loans