July September Banks in Bulgaria BULGARIAN NATIONAL BANK

Transcription

1 July September 213

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3 July September 213 Banks in Bulgaria BULGARIAN NATIONAL BANK

4 2Banks in Bulgaria July September 213 Bulgarian National Bank, 213 ISSN This issue includes materials and data received by 4 November 213 (Sections II V) and by 27 December 213 (Section I). The contents of the Banks in Bulgaria quarterly bulletin may be quoted or reproduced without further permission. Due acknowledgment is requested. Elements of the 1999 issue banknote with a nominal value of 1 levs are used in cover design. Published by the Bulgarian National Bank Banking Supervision Department 1, Knyaz Alexander I Square, 1 Sofia Tel.: (+359 2) , , Website:

5 CONTENTS 3 I. State of the Banking System (Third quarter of 213)... 5 II. Methodological Notes III. Banking Supervision Regulation IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group Banks in Bulgaria July September 213 V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks... 53

6 4Banks in Bulgaria July September 213 Abbreviations BGN The Abbreviation of the Redenominated lev BNB Bulgarian National Bank Core ROA Core Return on Assets HHI Herfindahl-Hirschman Index (Market Concentration Index) ROA Return on Assets ROE Return on Equity RWA Risk-weighted Assets

7 I. State of the Banking System (third quarter of 213) 5 1. The Banking System: Structure and Trends Dynamics by Bank Group Structural Changes in the Banking System Balance Sheet Credit Operations Attracted Funds Balance Sheet Equity Banking System Risk Profile Developments in Major Risks to the Banking System Asset Quality Effects on Earnings Capital s Ability to Absorb Shocks Capacity to Meet Liquidity Pressure Banks in Bulgaria July September 213

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9 7 Domestic banks reported another consecutive quarter of improved market position 1. The Banking System: Structure and Trends 1.1. Dynamics by Bank Group The July September 213 period credit institutions reported divergent monthly developments in individual balance sheet items. Credit portfolio growth rate remained almost unchanged compared with the previous quarter with alternating months of growth and decline (excluding house mortgage loans). The reported quarterly growth of attracted funds of 2.2 per cent was higher compared with the previous two quarters and significantly above that in the corresponding period of 212 (.4 per cent). By end-september banking assets totalled BGN 84.8 billion going up 2. per cent (BGN 1.6 billion). Banks with mainly Bulgarian equity contributed most to this, reporting 3.5 per cent growth (BGN 783 million). Domestic banks increased their market shares to 27.7 per cent reporting a decrease in the share of EU subsidiary banks of.4 percentage points to 64.5 per cent 1. The market positions of EU foreign bank branches and non-eu banks and bank branches remained relatively unchanged at 5.6 per cent, 1.4 per cent and.8 per cent respectively. State of the Banking System Chart 1 Market Shares of Domestic and Foreign Banks (%) Note: The sum total may not add up to 1 per cent due to rounding. 1 The acquisition of 1 per cent of the shares of MKB Unionbank EAD by First Investment Bank AD was approved by Ordinance of the Deputy Governor of the BNB responsible for Banking Supervision of 18 September 213. Over the third quarter of 213 MKB Union Bank remained part of the group of EU subsidiary banks as its actual acquisition is still pending.

10 8Banks in Bulgaria July September Structural Changes in the Banking System Balance Sheet Maturing Bulgarian securities contributed to the decline in investment therein The most significant absolute and relative growth was reported by cash (up BGN 993 million or 11.4 per cent) which contributed to the increase in their share in assets to 11.4 per cent. Securities portfolios contracted by BGN 192 million reflecting the fall in held-for-trading and available-for-sale debt instruments. By the end of September the amount of investment in Bulgarian government securities was BGN 426 million lower than in June 213. At the same time, debt instruments of foreign issuers increased by BGN 239 million. More than two thirds of this growth came from zero per cent credit risk weight issuers. These developments resulted in a change in the structure of debt instruments as the share of resident issuers securities declined to 57.7 per cent (compared with 6.8 per cent in June). Chart 2 Structure of Bank Assets as of 3 September 213 Note: The sum total may not add up to 1 per cent due to rounding. The share of resources attracted from nonresidents continued to decline Attracted funds from residents went up BGN 2. billion due to the growth in deposits from institutions other than credit institutions. Attracted funds from non-residents continued to decline steadily reporting an overall decrease of BGN 386 million. Hence, the share of funds from non-residents dropped to 17.4 per cent. The high growth rate in attracted funds from institutions other than credit institutions (6. per cent on a quarterly basis), the share of deposits from individuals and households declined to 51.8 per cent and that of credit institutions to 13. per cent and the share of funds from institutions other than credit institutions reached 32.3 per cent respectively.

11 9 Chart 3 Structure of Attracted Funds as of 3 September 213 State of the Banking System Note: The sum total may not add up to 1 per cent due to rounding Credit Operations The currency structure of credit portfolio changed further The rate of increase in gross loans (excluding loans to credit institutions) was similar to that observed in the second quarter:.2 per cent (BGN 113 million). Over the review quarter corporate and consumer loans reported slight volatility, mortgage loans sustained the trend observed since early 213, reporting a quarter-on-quarter decline. The currency structure of credit portfolio changed further. Euro-denominated loans to corporations dropped by BGN 129 million while lev-denominated ones picked up BGN 265 million. The same trend was observed also in mortgage and consumer loans in euro which reported an overall decline of BGN 15 million, while those in levs increased by BGN 123 million. Claims from central governments and non-credit institutions reported similar dynamics 2. The trend observed in corporate loans in the previous two quarter continued and between July and September they grew by BGN 134 million. Retail exposures declined by BGN 19 million on end-june due to the new consecutive quarterly fall in mortgage loans of BGN 44 million. Over the review quarter consumer loans picked up by BGN 25 million as their growth in July and September offset the observed reduction. 2 Since the start of 213 gross loans (excluding loans to credit institutions) in levs went up BGN 1.2 billion and those in euro decreased by BGN 1.3 billion. The other currencies reported weak growth (up BGN 57 million).

12 1 Banks in Bulgaria July September 213 Claims from central governments and non-credit institutions reported diverse dynamics. However, their amount did not change significantly as compared to the end of June. Investment in credit institutions increased (BGN 834 million) as a result of the growth in investment from non-residents. The growth in the share of placements in credit institutions denominated in currencies other than euro, and the overall fall in the amount of loans in euro changed somewhat the currency structure of gross loans and advances. By the end of September the share of gross loans and advances in other currencies went up to 5.2 per cent and that in loans in euro contracted 58.9 per cent, while that in levs remained unchanged at 35.9 per cent. Chart 4 Quarterly Growth of Gross Loans (Excluding Those to Credit Institutions) (million BGN) Note: Figures in the chart show the overall change in gross loans. The growth in deposits from institutions, other than credit institutions was double that of deposits from households 1.4. Attracted Funds The period saw the most sizeable increase in attracted funds in 213 (up BGN 1.6 billion) driven by the boost in deposits from institutions other than credit institutions. The stable decline in attracted funds from credit institutions continued and by end-september they were BGN 426 million less than in June, largely due to the lower share of funds attracted from non-residents.

13 11 Funds attracted from institutions other than credit institutions rose by BGN 1.3 billion. Deposits from individuals and households went up BGN 641 million reporting higher growth rate than that observed in the second quarter. Since early 213 the share of attracted funds in levs grew steadily reaching 49. per cent by the close of the review quarter. The euro component of attracted funds fell to 44. per cent, while that of other currencies remained almost unchanged 7. per cent. State of the Banking System Chart 5 Quarterly Growth of Attracted Funds (million BGN) Note: Figures in the chart show the overall change in attracted funds Balance Sheet Equity Over the review quarter balance sheet equity rose by.8 per cent or BGN 89 million to BGN 11.1 billion, with income for the current year contributing most to this growth. The increase in issued capital and premium reserves also contributed positively to this.

14 12 Banks in Bulgaria July September Banking System Risk Profile There were no development dynamics or factors with significant effect on the structure of banks balance sheets or banks revenue centres in the third quarter of 213. The period under review saw no significant changes in the classification structure of loans. Yield boosting remained limited as the share of high yield assets contracted at the backdrop of the still existing low-interest deposit. Capital adequacy remained within stable limits due to the increase in tier one capital. The liquid assets ratio remained below 25 per cent over the review quarter despite of the monthly fluctuations in the amount of liquid assets and the changes in the structure of assets and liabilities. Compared with other EU banking systems, the Bulgarian banking system is in a more favourable position which allows it to adapt easily and at a lower financial cost to the new European financial framework entering into force as of 1 January Developments in Major Risks to the Banking System 3.1. Asset Quality The degree of sensibility to credit risk remained high Credit risk mitigated due to the favourable effect of the write-offs and sales of loans. Classified loans went down.9 per cent over the review quarter. Classified exposures reported higher annual growth rate, although it remained lower compared with September 212 (.6 per cent). Exposures overdue over 9 days (including over 18 days) increased by BGN 96 million (1 per cent) although their growth rate moderated compared with the previous two quarters. By the end of September the share of the two highest risk categories was 1.79 per cent after the impairment costs made in net loans 3 (excluding loans to credit institutions). Provisioning buffers in the banking system increased. The coverage ratio of exposures past due over 9 days (including also those classified as loss) improved. All available buffers in the system (impairment costs, specific provisions for credit risk and capital surplus) provided almost full cover of gross non-performing loans reaching 99.8 per cent of their amount by the end of September. 3 The amount of net non-performing loans past due over 9 days is calculated by subtracting impairment costs from their gross value.

15 13 Chart 6 Share of Net Non-performing Loans in Net Loans (Excluding Those to Credit Institutions) (%) State of the Banking System The quality of placements (claims on credit institutions) remained good. Investment in non-resident institutions comprised 79.1 per cent (of which 64. per cent in entities from the group) of the total amount of bank claims (BGN 8.7 billion). The growth in foreign issuers securities continued and by the end of September they comprised 41.2 per cent in the total portfolio of debt and equity instruments (compared with 38.1 as of June). The role of investment in Bulgarian government securities decreased to 51.9 per cent of the total amount and the share of equity instruments remained unchanged (2.7 per cent of the total amount of acquired securities) Effects on Earnings Yield developments remained unchanged Banks ability to generate profit from core operations remained almost unchanged. In the first nine months of 213 the credit portfolio decreased and attracted funds continued to grow. Securities portfolio growth rate doubled compared with the same period of the prior year while these securities interest income increased slightly. The rate of decline in net interest income moderated on an annual basis. At the same time, realised net income from financial instruments was low. The fall in net interest income and income from financial instruments could not be fully offset from the rise in net income from fees and commissions and in operating and other net income reported in the review quarter.

16 14 Banks in Bulgaria July September 213 Total realised gains of the banking system came to BGN 466 million by end-september 212: down BGN 37 million compared with the corresponding period of the previous year. The growth in assets and the lower financial result compared with the same period of the prior year were the factors behind the decrease in ROA from.85 per cent to.75 per cent. Chart 7 Earnings Indicators (%) (%) As regards the structure of operating income, the share of net interest income contracted further at the expense of the higher weight of net income from fees and commissions, as well as from operating and other net income. Despite the higher annual growth rate in securities portfolios, interest income increased slightly compared with the January September 212 period. The period saw high annual rate of increase in attracted funds. These developments contributed to the fall in the net interest margin from 3.62 per cent to 3.32 per cent. Interest income dropped by BGN 169 million between September 212 and September 213 largely due to the lower interest income from loans, receivables and held-to-maturity investments. Interest expenditure decreased by BGN 82 million, contributing to the fall in the price of interest liberalities from 3.27 per cent in September 212 to 2.93 per cent in September 213. By end-september impairment costs were BGN 75 million or BGN 76 million less compared with the first nine months of the previous year. The impairment costs to net interest income ratio improved slightly to per cent (42.3 per cent in September 212).

17 15 Tier one capital increased and capital requirements remained unchanged 3.3. Capital s Ability to Absorb Shocks Over the review period tier one capital (before deductions) increased by.9 per cent (BGN 92 million). The increase in registered capital and premium reserve contributed positively to this. Audited profit for the current year increased while unaudited profit decreased. Hybrid instruments also had a positive contribution. The structure of the capital requirements for the different types of risk (credit, market and operational) remained unchanged. The share of credit risk in total capital requirements remained 58.2 per cent and operational risk retained its weight of 7.7 per cent. Positioning, foreign exchange and commodity risk (market risk) accounted for less than 1 per cent (.7 per cent), reporting a slight decline due to the fall in debt instruments. Total capital adequacy of the banking system reported a slight fall to per cent from per cent. Meanwhile, the increase in primary capital ensured adequate tier one capital of 15.6 per cent. The capital surplus in the banking system remained practically unchanged. State of the Banking System Chart 8 Selected Capital Indicators (%) (%) 3.4. Capacity to Meet Liquidity Pressure By the end of September the liquidity position of the banking system remained at favourable level. Over the review quarter cash reported the most sizeable absolute growth.

18 16 Banks in Bulgaria July September 213 No significant changes occurred in the liquidity position of the system as a result of attracted funds dynamics The share of placements in assets increased on June 213. At the same time the amount of resources attracted from credit institutions (mainly entities from the group) declined further. By the end of September the liquid assets were BGN 19.3 billion, or BGN 765 million more than in June 213. The review quarter saw changes in the structure of liquid assets reflecting, on the one hand, higher individual and household deposits and deposits from institutions other than credit institutions and, on the other hand, the resource received from matured Bulgarian government securities. The main portion of these funds was transformed in cash and claims on credit institutions. The amount of liabilities (outflow) 4 increased by BGN 1.6 billion (2.2 per cent), but the growth rate was lower than that of liquid assets (4.1 per cent). As a result, the liquid assets ratio improved to 26.4 per cent (against 25.9 per cent in June). The ratio of gross loans (excluding those to credit institutions) to attracted funds (excluding those from credit institutions) declined to 94.3 per cent as a result of the faster growth in deposits over the review quarter. Chart 9 Selected Liquidity Indicators (%) (%) 4 As specified in Ordinance No 11 of the BNB.

19 II. Methodological Notes Data on individual banks are based on official quarterly reports presented by banks to the BNB. 2. A bank passport includes basic information on the structure of shareholder capital and management, which reflect the current state at the time of preparing the bulletin. Data on major items of the balance sheet and income statement are based on relevant total lines. 3. Banks are grouped by the Banking Supervision Department with a view to highlighting banking system developments. The group classification of banks does not imply elements of rating and it should not be interpreted as a financial performance evaluation. The position of the banks in individual groups depends on the amount of their assets and changes at the end of each reporting period. The first group consists of the five largest banks on the basis of their total assets in the reporting period, the second group includes the other Bulgarian banks and the third group comprises foreign bank branches in Bulgaria. Group I: Group II: UniCredit Bulbank DSK Bank First Investment Bank United Bulgarian Bank Corporate Commercial Bank Raiffeisenbank (Bulgaria) Eurobank Bulgaria Société Générale Expressbank Central Cooperative Bank Piraeus Bank Bulgaria Cibank Allianz Bank Bulgaria Bulgarian Development Bank Investbank, MKB Unionbank ProCredit Bank (Bulgaria) Municipal Bank International Asset Bank Bulgarian-American Credit Bank D Commerce Bank Crédit Agricole Bulgaria Tokuda Bank TBI Bank Texim Bank Group III: Alpha Bank Bulgaria Branch Citibank N.A. Sofia Branch ING Bank N.V. Sofia Branch BNP Parisbas S.A. Sofia Branch T.C. Ziraat Bank Sofia Branch IŞBANK GmbH Sofia Branch Banks in Bulgaria July September 213

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21 III. Banking Supervision Regulation 19 Capital Adequacy of Banks as of 3 September 213 (under Ordinance No. 8 of the BNB) Liquidity of Banks as of 3 September 213 (under Ordinance No. 11 of the BNB) Banks in Bulgaria July September 213

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23 21 CAPITAL ADEQUACY OF BANKS AS OF 3 SEPTEMBER 213 (under Ordinance No. 8 of the BNB) TOTAL OWN FUNDS FOR SOLVENCY PURPOSES* Original own funds Eligible capital Eligible reserves Audited profit for the current year Funds for general banking risks (-) Intangible assets Additional own funds Core additional own funds Hybrid instruments Revaluation reserves (on bank premises) Securities of indeterminate duration and other instruments Supplementary additional own funds Fixed-term cumulative preferential shares Subordinated loan capital (-) Excess on limits for supplementary additional own funds (-) Excess on limits for additional own funds (-) DEDUCTIONS FROM ORIGINAL AND ADDITIONAL OWN FUNDS of which: (-) from original own funds of which: (-) from additional own funds Specific provisions for credit risk in case of use of the standardized approach TOTAL ORIGINAL OWN FUNDS FOR GENERAL SOLVENCY PURPOSES* TOTAL ADDITIONAL OWN FUNDS FOR GENERAL SOLVENCY PURPOSES* CAPITAL REQUIREMENTS Total capital requirements for credit, counterparty credit and dilution risks and free deliveries Settlement/delivery risk Total capital requirements for position, foreign exchange and commodity risks Total capital requirements for operational risks (OpR) capital requirements Surplus (+)/deficit (-) of own funds SOLVENCY RATIO (%) ORIGINAL OWN FUNDS SOLVENCY RATIO (%) Group I Group II (BGN ) Banking system Banking Supervision Regulation * Used in capital adequacy ratio calculations. Source: BNB.

24 22 Banks in Bulgaria July September 213 LIQUIDITY OF BANKS AS OF 3 SEPTEMBER 213 (under Ordinance No. 11 of the BNB) (BGN ) Assets in pawn/ Items Total overdue assets At sight up From 8 days From 1 to From 3 to From 6 to Over of 3 or more to 7 days to 1 month 3 months 6 months 12 months 1 year days Group I Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Group II Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Group III Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Banking system, total Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Source: BNB

25 IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group 23 Balance Sheet of the Banking System as of 3 September Income Statement of the Banking System Memorandum Items of the Banking System as of 3 September Balance Sheet of Group I Banks as of 3 September Income Statement of Group I Banks Memorandum Items of Group I Banks as of 3 September Balance Sheet of Group II Banks as of 3 September Income Statement of Group II Banks Memorandum Items of Group II Banks as of 3 September Balance Sheet of Group III Banks as of 3 September Income Statement of Group III Banks Memorandum Items of Group III Banks as of 3 September Banks in Bulgaria July September 213

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27 25 BALANCE SHEET OF THE BANKING SYSTEM AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Derivatives held for trading Equity instruments Debt instruments Loans and advances Financial assets designated at fair value through profit or loss Equity instruments Debt instruments Loans and advances Available-for-sale financial assets Equity instruments Debt instruments Loans and advances Loans and receivables (including finance leases) Debt instruments Loans and advances Held-to-maturity investments Debt instruments Loans and advances Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Property, plant and equipment Investment property Intangible assets Goodwill intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Current tax assets Deferred tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

28 26 Banks in Bulgaria July September 213 (continued) LIABILITIES Deposits from central banks Financial liabilities held for trading Derivatives held for trading Short positions Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds intended for repurchase in short term) financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Restructuring Pending legal issues and tax litigation Pensions and other post-retirement benefit obligations Credit commitments and guarantees Onerous contracts provisions Tax liabilities Current tax liabilities Deferred tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale (BGN ) Balance Including sheet value BGN EUR currencies TOTAL LIABILITIES (continued)

29 27 (continued) EQUITY AND MINORITY INTEREST Issued capital Paid-in capital Unpaid capital which has been called up Share premium equity Equity component of financial instruments equity instruments Revaluation reserves and other valuation differences Tangible assets Intangible assets Hedge of net investments in foreign operations (effective portion) Foreign currency translation Cash flow hedges (effective portion) Available-for-sale financial assets Non-current assets or disposal groups held for sale items Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest Revaluation reserves and other valuation differences items TOTAL EQUITY TOTAL LIABILITIES AND EQUITY (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

30 28 Banks in Bulgaria July September 213 INCOME STATEMENT OF THE BANKING SYSTEM (September 213) Continuing operations Financial and operating income and expenses Interest income Cash and cash balances with central banks Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting, interest rate risk assets Interest expenses Deposits from central banks Financial liabilities held for trading (if accounted for separately) Financial liabilities designated at fair value through profit or loss (if accounted for separately) Financial liabilities measured at amortised cost Derivatives hedge accounting, interest rate risk liabilities Expenses on share capital repayable on demand Dividend income Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Financial liabilities measured at amortised cost Gains (losses) on financial assets and liabilities held for trading, net Equity instruments and related derivatives Interest rate instruments and related derivatives Foreign exchange trading Credit risk instruments and related derivatives Commodities and related derivatives (including hybrid derivatives) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Total amount Including (BGN ) BGN EUR currencies (continued)

31 29 (continued) Continuing operations Administration costs Staff expenses General and administrative expenses Depreciation Property, plant and equipment Investment properties Intangible assets (other than goodwill) Provisions Impairment Impairment on financial assets not measured at fair value through profit or loss Financial assets measured at cost (unquoted equity) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Impairment on non-financial assets Property, plant and equipment Investment properties Goodwill Intangible assets (other than goodwill) Investments in associates and joint ventures accounted for using the equity method Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

32 3 Banks in Bulgaria July September 213 MEMORANDUM ITEMS OF THE BANKING SYSTEM AS OF 3 SEPTEMBER 213 Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions issuers Foreign debt instruments Issuers qualified for a % risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates Total BGN Including EUR currencies (BGN ) Dividend income/ Interest income Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total BGN (BGN ) Including Impairment Interest income EUR currencies (continued)

33 31 (continued) Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total BGN Including EUR currencies (BGN ) Interest expenses (BGN ) Specific provi- Impairment sions for credit Gross value prior to impairment (under risk (deduc- IAS 39) tions from capital base) Total Standard Watch Non-performing Loss Total Total Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

34 32 Banks in Bulgaria July September 213 BALANCE SHEET OF GROUP I BANKS AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Derivatives held for trading Equity instruments Debt instruments Loans and advances Financial assets designated at fair value through profit or loss Equity instruments Debt instruments Loans and advances Available-for-sale financial assets Equity instruments Debt instruments Loans and advances Loans and receivables (including finance leases) Debt instruments Loans and advances Held-to-maturity investments Debt instruments Loans and advances Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Property, plant and equipment Investment property Intangible assets Goodwill intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Current tax assets Deferred tax assets assets Non-current assets and disposal groups classified as held for sale (BGN ) Balance Including sheet value BGN EUR currencies TOTAL ASSETS (continued)

35 33 (continued) LIABILITIES Deposits from central banks Financial liabilities held for trading Derivatives held for trading Short positions Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds intended for repurchase in short term) financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Restructuring Pending legal issues and tax litigation Pensions and other post-retirement benefit obligations Credit commitments and guarantees Onerous contracts provisions Tax liabilities Current tax liabilities Deferred tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

36 34 Banks in Bulgaria July September 213 (continued) EQUITY AND MINORITY INTEREST Issued capital Paid-in capital Unpaid capital which has been called up Share premium equity Equity component of financial instruments equity instruments Revaluation reserves and other valuation differences Tangible assets Intangible assets Hedge of net investments in foreign operations (effective portion) Foreign currency translation Cash flow hedges (effective portion) Available-for-sale financial assets Non-current assets or disposal groups held for sale items Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest Revaluation reserves and other valuation differences items (BGN ) Balance Including sheet value BGN EUR currencies TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

37 35 INCOME STATEMENT OF GROUP I BANKS (September 213) Continuing operations Financial and operating income and expenses Interest income Cash and cash balances with central banks Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting, interest rate risk assets Interest expenses Deposits from central banks Financial liabilities held for trading (if accounted for separately) Financial liabilities designated at fair value through profit or loss (if accounted for separately) Financial liabilities measured at amortised cost Derivatives hedge accounting, interest rate risk liabilities Expenses on share capital repayable on demand Dividend income Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Financial liabilities measured at amortised cost Gains (losses) on financial assets and liabilities held for trading, net Equity instruments and related derivatives Interest rate instruments and related derivatives Foreign exchange trading Credit risk instruments and related derivatives Commodities and related derivatives (including hybrid derivatives) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Total amount Including (BGN ) BGN EUR currencies (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

38 36 Banks in Bulgaria July September 213 (continued) Continuing operations Administration costs Staff expenses General and administrative expenses Depreciation Property, plant and equipment Investment properties Intangible assets (other than goodwill) Provisions Impairment Impairment on financial assets not measured at fair value through profit or loss Financial assets measured at cost (unquoted equity) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Impairment on non-financial assets Property, plant and equipment Investment properties Goodwill Intangible assets (other than goodwill) Investments in associates and joint ventures accounted for using the equity method Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations Total amount (BGN ) Including BGN EUR currencies TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

39 37 MEMORANDUM ITEMS OF GROUP I BANKS AS OF 3 SEPTEMBER 213 Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions issuers Foreign debt instruments Issuers qualified for a % risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total Total BGN Including EUR currencies (BGN ) Dividend income/ Interest income BGN (BGN ) Including Impairment Interest income EUR currencies (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

40 38 Banks in Bulgaria July September 213 (continued) Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total BGN Including EUR currencies (BGN ) Interest expenses Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans (BGN ) Specific provi- Impairment sions for credit Gross value prior to impairment (under risk (deduc- IAS 39) tions from capital base) Total Standard Watch Non-performing Loss Total Total

41 39 BALANCE SHEET OF GROUP II BANKS AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Derivatives held for trading Equity instruments Debt instruments Loans and advances Financial assets designated at fair value through profit or loss Equity instruments Debt instruments Loans and advances Available-for-sale financial assets Equity instruments Debt instruments Loans and advances Loans and receivables (including finance leases) Debt instruments Loans and advances Held-to-maturity investments Debt instruments Loans and advances Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Property, plant and equipment Investment property Intangible assets Goodwill intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Current tax assets Deferred tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

42 4 Banks in Bulgaria July September 213 (continued) LIABILITIES Deposits from central banks Financial liabilities held for trading Derivatives held for trading Short positions Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds intended for repurchase in short term) financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Restructuring Pending legal issues and tax litigation Pensions and other post-retirement benefit obligations Credit commitments and guarantees Onerous contracts provisions Tax liabilities Current tax liabilities Deferred tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale (BGN ) Balance Including sheet value BGN EUR currencies TOTAL LIABILITIES (continued)

43 41 (continued) EQUITY AND MINORITY INTEREST Issued capital Paid-in capital Unpaid capital which has been called up Share premium equity Equity component of financial instruments equity instruments Revaluation reserves and other valuation differences Tangible assets Intangible assets Hedge of net investments in foreign operations (effective portion) Foreign currency translation Cash flow hedges (effective portion) Available-for-sale financial assets Non-current assets or disposal groups held for sale items Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest Revaluation reserves and other valuation differences items TOTAL EQUITY TOTAL LIABILITIES AND EQUITY (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

44 42 Banks in Bulgaria July September 213 INCOME STATEMENT OF GROUP II BANKS (September 213) Continuing operations Financial and operating income and expenses Interest income Cash and cash balances with central banks Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting, interest rate risk assets Interest expenses Deposits from central banks Financial liabilities held for trading (if accounted for separately) Financial liabilities designated at fair value through profit or loss (if accounted for separately) Financial liabilities measured at amortised cost Derivatives hedge accounting, interest rate risk liabilities Expenses on share capital repayable on demand Dividend income Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Financial liabilities measured at amortised cost Gains (losses) on financial assets and liabilities held for trading, net Equity instruments and related derivatives Interest rate instruments and related derivatives Foreign exchange trading Credit risk instruments and related derivatives Commodities and related derivatives (including hybrid derivatives) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Total amount Including (BGN ) BGN EUR currencies (continued)

45 43 (continued) Continuing operations Administration costs Staff expenses General and administrative expenses Depreciation Property, plant and equipment Investment properties Intangible assets (other than goodwill) Provisions Impairment Impairment on financial assets not measured at fair value through profit or loss Financial assets measured at cost (unquoted equity) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Impairment on non-financial assets Property, plant and equipment Investment properties Goodwill Intangible assets (other than goodwill) Investments in associates and joint ventures accounted for using the equity method Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

46 44 Banks in Bulgaria July September 213 MEMORANDUM ITEMS OF GROUP II BANKS AS OF 3 SEPTEMBER 213 Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions issuers Foreign debt instruments Issuers qualified for a % risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates Total BGN Including EUR currencies (BGN ) Dividend income/ Interest income Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total BGN (BGN ) Including Impairment Interest income EUR currencies (continued)

47 45 (continued) Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total BGN Including EUR currencies (BGN ) Interest expenses (BGN ) Specific provi- Impairment sions for credit Gross value prior to impairment (under risk (deduc- IAS 39) tions from capital base) Total Standard Watch Non-performing Loss Total Total Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

48 46 Banks in Bulgaria July September 213 BALANCE SHEET OF GROUP III BANKS AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Derivatives held for trading Equity instruments Debt instruments Loans and advances Financial assets designated at fair value through profit or loss Equity instruments Debt instruments Loans and advances Available-for-sale financial assets Equity instruments Debt instruments Loans and advances Loans and receivables (including finance leases) Debt instruments Loans and advances Held-to-maturity investments Debt instruments Loans and advances Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Property, plant and equipment Investment property Intangible assets Goodwill intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Current tax assets Deferred tax assets assets Non-current assets and disposal groups classified as held for sale (BGN ) Balance Including sheet value BGN EUR currencies TOTAL ASSETS (continued)

49 47 (continued) LIABILITIES Deposits from central banks Financial liabilities held for trading Derivatives held for trading Short positions Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds intended for repurchase in short term) financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Restructuring Pending legal issues and tax litigation Pensions and other post-retirement benefit obligations Credit commitments and guarantees Onerous contracts provisions Tax liabilities Current tax liabilities Deferred tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

50 48 Banks in Bulgaria July September 213 (continued) EQUITY AND MINORITY INTEREST Issued capital Paid-in capital Unpaid capital which has been called up Share premium equity Equity component of financial instruments equity instruments Revaluation reserves and other valuation differences Tangible assets Intangible assets Hedge of net investments in foreign operations (effective portion) Foreign currency translation Cash flow hedges (effective portion) Available-for-sale financial assets Non-current assets or disposal groups held for sale items Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest Revaluation reserves and other valuation differences items (BGN ) Balance Including sheet value BGN EUR currencies TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

51 49 INCOME STATEMENT OF GROUP III BANKS (September 213) Continuing operations Financial and operating income and expenses Interest income Cash and cash balances with central banks Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting, interest rate risk assets Interest expenses Deposits from central banks Financial liabilities held for trading (if accounted for separately) Financial liabilities designated at fair value through profit or loss (if accounted for separately) Financial liabilities measured at amortised cost Derivatives hedge accounting, interest rate risk liabilities Expenses on share capital repayable on demand Dividend income Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Financial liabilities measured at amortised cost Gains (losses) on financial assets and liabilities held for trading, net Equity instruments and related derivatives Interest rate instruments and related derivatives Foreign exchange trading Credit risk instruments and related derivatives Commodities and related derivatives (including hybrid derivatives) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Total amount Including (BGN ) BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

52 5 Banks in Bulgaria July September 213 (continued) Continuing operations Administration costs Staff expenses General and administrative expenses Depreciation Property, plant and equipment Investment properties Intangible assets (other than goodwill) Provisions Impairment Impairment on financial assets not measured at fair value through profit or loss Financial assets measured at cost (unquoted equity) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Impairment on non-financial assets Property, plant and equipment Investment properties Goodwill Intangible assets (other than goodwill) Investments in associates and joint ventures accounted for using the equity method Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations Total amount (BGN ) Including BGN EUR currencies TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations 11 9 TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest 11 9 PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 11 9

53 51 MEMORANDUM ITEMS OF GROUP III BANKS AS OF 3 SEPTEMBER 213 Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions issuers Foreign debt instruments Issuers qualified for a % risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans Total Total BGN Including EUR currencies (BGN ) Dividend income/ Interest income BGN (BGN ) Including Impairment Interest income EUR currencies (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

54 52 Banks in Bulgaria July September 213 (continued) Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total BGN Including EUR currencies (BGN ) Interest expenses Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans (BGN ) Specific provi- Impairment sions for credit Gross value prior to impairment (under risk (deduc- IAS 39) tions from capital base) Total Standard Watch Non-performing Loss Total Total

55 V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks 53 Allianz Bank Bulgaria Alpha Bank, Bulgaria Branch BNP Paribas S.A. Sofia Branch Bulgarian-American Credit Bank Bulgarian Development Bank Central Cooperative Bank CIBANK Citibank N.A., Sofia Branch Corporate Commercial Bank Crédit Agricole Bulgaria D Commerce Bank DSK Bank Eurobank Bulgaria First Investment Bank ING Bank N.V., Sofia Branch International Asset Bank Investbank IŞBANK GmbH, Sofia Branch MKB Unionbank Municipal Bank Piraeus Bank Bulgaria ProCredit Bank, Bulgaria Raiffeisenbank, Bulgaria Société Générale Expressbank TBI Bank T.C. Ziraat Bank, Sofia Branch Texim Bank Tokuda Bank UniCredit Bulbank United Bulgarian Bank Banks in Bulgaria July September 213 Note: Banks are arranged in alphabetical order, not according to the bank identification code.

56

57 ALLIANZ BANK BULGARIA 55 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

58 56 ALLIANZ BANK BULGARIA Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

59 ALLIANZ BANK BULGARIA 57 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

60 58 ALLIANZ BANK BULGARIA Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 345 of 3 June 1997 of the BNB Governing Council. License updated by: Order No of 31 July 1998 of the BNB Governor and amended by Order No of 22 November 1999 and by Order No. RD of 2 June 22 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 12 November 1997 of the Sofia City Court on Company file No of 1997, lot No , vol. 487, p. 22; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 13 May 28 Address of the head office Management Supervisory Board Management Board Procurator Shareholders (shares over 1 per cent) Auditor 79 Knyaginya Maria-Luiza Blvd., 122 Sofia tel. 2/ ; 2/ Website: Dimitar Georgiev Zhelev Chairman Maksim Stanev Sirakov Christoph Plein Michael Ehrnsperger Raymond Seymour Ross Leckie Svetoslav Veleslavov Gavriiski Chairman and Chief Executive Director Rosen Stoyadinov Stanimirov Executive Director Dorcho Dimitrov Ilchev Executive Director Christo Borisov Babbev Kamelia Georgieva Gyuleva Marieta Vassileva Petrova Orlin Tsenkov Penev Allianz Bulgaria Holding Ltd per cent KPMG Bulgaria OOD

61 ALPHA BANK, BULGARIA BRANCH 59 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

62 6 ALPHA BANK, BULGARIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

63 ALPHA BANK, BULGARIA BRANCH 61 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

64 62 ALPHA BANK, BULGARIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Licensed by Resolution No. 31 of 2 February 1995 of the BNB Governing Council under Articles 9 and 1 of the Law on Banks and Credit Activity to conduct bank transactions through a branch in Sofia. License updated by Order No of 22 December 1999 of the BNB Governing Council in accordance with the requirements of the Law on Banks. Legal registration Entered in the Commercial Register by Resolution No. 2 of 1 September 1995 of the Sofia City Court on company file No. 45 of 1995, vol. 28, p. 156; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 26 August 28 Address of the branch 99 Tsarigradsko Shosse Blvd., 1113 Sofia tel. 2/ Website: Management Shareholders (shares over 1 per cent) Auditor Evangelos Dimitrios Lytras Country Manager Sevdalina Ivanova Vassileva Manager Konstantinos Kormentzas Manager Alpha Bank AE, Athens, Greece 1 per cent KPMG Bulgaria OOD

65 BNP PARIBAS S.A. SOFIA BRANCH 63 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

66 64 BNP PARIBAS S.A. SOFIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

67 BNP PARIBAS S.A. SOFIA BRANCH 65 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

68 66 BNP PARIBAS S.A. SOFIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management By Order No. RD of the BNB Governor dated 28 November 26 the BNP Paribas S.A., Paris, French Republic, was granted a permit to conduct bank transactions within Bulgaria through a branch in Sofia. Entered in the Commercial Register by Resolution No. 1 of the Sofia City Court of 4 December 26, company file No of 26, lot No , vol. 154, reg. 1, p. 111; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 12 November 28 2 Tsar Osvoboditel Blvd., 1 Sofia tel. 2/ ; 2/ Website: The branch is managed and represented jointly by two of the following persons: the Governor and Deputy Governors or by two of the Deputy Governors respectively: Hans Walfrid Jan Brucke Managing Director Ivaylo Lyubomirov Lyubomirov Deputy Managing Director Cyril Le Merrer Deputy Managing Director Shareholders (shares over 1 per cent) Auditor BNP Paribas S.A., Republic of France 1 per cent Deloitte Audit OOD

69 BULGARIAN- AMERICAN CREDIT BANK 67 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

70 68 BULGARIAN- AMERICAN CREDIT BANK Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

71 BULGARIAN- AMERICAN CREDIT BANK 69 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

72 7 BULGARIAN- AMERICAN CREDIT BANK Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 425 of 11 July 1996 of the BNB Governing Council in accordance with the requirements of the Law on Banks and Credit Activity. License updated by: Order No of 3 December 1998 of the BNB Governor to conduct transactions under Article 1, paragraphs 1 and 2 of the Law on Banks in Bulgaria and abroad; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 3 December 1996 of the Sofia City Court on company file No of 1996, lot No , vol. 397, p. 18; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 27 March 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 2 Slavyanska Str., 1 Sofia tel. 2/ ; 2/ Website: Tzvetelina Borislavova Karagyozova Chair Evgeni Yakimov Ivanov Kiril Alexandrov Manov Martin Boychev Ganev Jason Lyle Cook Vassil Stefanov Simov Chairman and Executive Director Tanya Ilieva Keremidchieva Executive Director Ilian Petrov Georgiev Executive Director Silvia Kirilova Kirilova Gramercy Emerging Markets Fund CSIF AD per cent Gramercy Select Master Fund, Cayman Islands per cent Deloitte Audit OOD

73 71 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

74 72 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

75 73 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

76 74 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Licensed by Order No of 25 February 1999 of the BNB Governor to conduct bank transactions in Bulgaria and abroad and to conduct transactions under Article 1, paragraphs 1 and 2 of the Law on Banks. License updated by: Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of the Sofia City Court of 11 March 1999 on company file No. 34 of 1999, lot No. 879, vol. 16, p. 38; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 29 April 28 1 Stefan Karadzha Str., 1 Sofia tel. 2/ Websites: Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Stefan Alexandrov Belchev Chairman Diana Toneva Dragneva-Ivanova Rumen Andonov Porozhanov Dimo Evgeniev Spassov Chairman and Chief Executive Director Bilyan Lyubomirov Balev Deputy Chairman and Executive Director Ivan Kirilov Hristov Ministry of Finance 1 per cent KPMG Bulgaria OOD

77 75 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

78 76 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

79 77 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

80 78 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Protocol No. 14 of 25 February 1991 of the BNB to conduct bank transactions in Bulgaria. License updated by: Order No of 11 November 1998 of the BNB Governing Council to conduct bank transactions abroad; Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of 28 March 1991 of the Sofia City Court on company file No of 1991, lot No. 334, vol. 4, p. 11; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 18 July 28 Address of the head office Management Supervisory Board Management Board Procurator Shareholders (shares over 1 per cent) Auditor 13 Rakovski Str., 186 Sofia tel. 2/ Website: Ivo Kamenov Georgiev Chairman Central Cooperative Union, represented by Petar Ivanov Stefanov Raina Dimitrova Kuzmova Maria Ilieva Vladimirova Marin Velikov Mitev Alexander Asenov Vodenicharov Chairman Tsvetan Tsankov Botev Deputy Chairman Georgi Dimitrov Konstantinov Executive Director Ivaylo Lazarov Donchev Executive Director Sava Marinov Stoynov Executive Director Alexander Dimitrov Kerezov Biser Yordanov Slavkov Tsvetanka Donkova Krumova Georgi Kossev Kostov Tihomir Angelov Atanasov CCB Group EAD per cent Deloitte Audit OOD

81 79 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

82 8 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

83 81 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

84 82 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 26 of 27 January 1995 of the BNB Governing Council under Article 9, paragraph 1 of the Law on Banks and Credit Activity to conduct bank transactions in Bulgaria and abroad. License updated by: Order No of 18 November 1999 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governing Council in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 8 March 1995 of the Sofia City Court on company file No of 1995, lot No. 665, vol. 12, reg. II, p. 126; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 27 February 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 1 Tsar Boris III Blvd., 1612 Sofia tel. 2/929 24; 2/ Website: Danny De Raymaeker Chairman Guy Libot Deputy Chairman Jan Gysels Marco Voljč Peter Grozdev Andronov Chairman and Chief Executive Director Frank Jansen Executive Director Hristina Filipova Executive Director Christof De Mil Executive Director Svetla Atanasova Georgieva Executive Director KBC BANK N.V., Kingdom Belgium 1 per cent Ernst & Young Audit OOD

85 CITIBANK N.A., SOFIA BRANCH 83 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

86 84 CITIBANK N.A., SOFIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

87 CITIBANK N.A., SOFIA BRANCH 85 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

88 86 CITIBANK N.A., SOFIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration By Order No. RD of 22 June 2 of the BNB Governor, Citibank N.A., New York, USA, was granted a permit to conduct bank transactions in the Republic of Bulgaria through a branch in Sofia. License amended by Order No. RD of 11 December 2 of the BNB Governor in accordance with the requirements of the Law on Banks. License updated by: Order No. RD of 25 October 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 6 July 2 of the Sofia City Court on company file No of 2, lot No , vol. 627, reg. I, p. 132, re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 3 April 29 Address of the branch Management Shareholders (shares over 1 per cent) Auditor 2 Knyaginya Maria-Luiza Blvd., TSUM Business Centre, floor 5, 1 Sofia tel. 2/9175 1; Website: Plamen Nickolov Gonkov Governor Borislava Stoianova Jereva-Naymushina Governor Stanislava Petkova Taneva Governor Citibank N.A., New York, USA 1 per cent KPMG Bulgaria OOD

89 87 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

90 88 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

91 89 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

92 9 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 24 of 21 January 1994 of the BNB Governing Council. License updated by: Order No of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 September 2 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 1 December 2 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of 6 May 1994 of the Sofia City Court on company file No of 1994, lot No. 568, vol. 11, reg. II, p. 29; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 4 February 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 1 Graf Ignatiev Str., 1 Sofia tel. 2/ ; 2/ Website: Tsvetan Radoev Vasilev Chairman Zlatozar Krustev Surlekov Lyubomir Kolev Denev Faysal Amur Mohamed Al Riyami Abdul Salam Mohamed Abdullah Al Murshidi Orlin Nikolov Rusev Chairman and Executive Director Ilian Atanasov Zafirov Executive Director Georgi Pankov Hristov Executive Director Alexander Miroslavov Pantaleev Executive Director Bromak EOOD 5.66 per cent Bulgarian Acquisition Company II S.A.R.L 3.35 per cent KPMG Bulgaria OOD

93 CRÉDIT AGRIKOLE BULGARIA 91 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

94 92 CRÉDIT AGRIKOLE BULGARIA Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

95 CRÉDIT AGRIKOLE BULGARIA 93 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

96 94 CRÉDIT AGRIKOLE BULGARIA Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 337 of 2 November 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria under the Law on Banks and Credit Activity. License updated by: Resolution No. 86 of 3 January 1997 of the BNB Governing Council and Order No of 8 September 1997 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of the Sofia City Court on company file No of 1994, lot No. 2768, vol. 253, p. 168; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 4 August 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 2 Knyaginya Maria-Louisa Blvd., fl. 5, 1 Sofia tel. 2/ Website: Gérard Marchand Chairman François Alfred Marie Pinchon Deputy Chairman Vincent Julita Laurenth Fromageau Athanasios Petropoulos Chairman and Chief Executive Officer Деляна Валериева Пешева Executive Director Christos Panagiotis Pantazis Lionel Daniel Foulon Georgi Hristov Drenski IUB Holding, Republic of France 1 per cent Ernst & Young Audit OOD

97 95 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

98 96 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

99 97 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

100 98 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Licensed by Resolution No of 12 March 1999 of the BNB Governor in accordance with the requirements of the Law on Banks. License updated by: Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 15 April 1999 of the Sofia City Court on company file No of 1999, lot No. 542, vol. 547, p. 178; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 29 May 28 8 General Totleben Blvd., 166 Sofia tel. 2/ Website: Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Elenka Harizanova Manova Bahattin Gürbüz Emel Fuat Güven Valery Borissov Borissov Anna Ivanova Asparuhova Chair and Executive Director Angel Kirilov Gekov Executive Director Galabin Nikolov Galabov Executive Director Roumen Dimitrov Petrov Plamen Ivanov Dermendzhiev Fuat Güven (Fuat Hyusniev Osmanov) 1 per cent KPMG Bulgaria OOD

101 99 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

102 1 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

103 11 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

104 12 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration State Savings Bank (SSB) was transformed into a commercial bank according to Ordinance No. 59 of 25 November 1998 of the Council of Ministers pursuant to the Law on Transformation of the SSB (Darjaven Vestnik, issue 48 of 28 April 1998). By Order No. RD of 26 September 22 of the BNB Governor, DSK Bank was granted a permission to conduct bank transactions under Article 1, paragraphs 1 and 2 of the Law on Banks. License updated by: Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 26 January 1999 of the Sofia City Court on company file No. 756 of 1999, lot No. 875, vol. 16, reg. II, p. 22; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 8 April 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 19 Moskovska Str., 136 Sofia tel. 2/ Website: Laszlo Bencsik Chairman Frigyes Harshegyi Andras Takacs Laszlo Wolf Gabor Kuncze Zoltan Dencs Violina Marinova Spasova Chair and Chief Executive Director Diana Decheva Miteva Executive Director Dorothea Nikolaeva Nikolova Executive Director Andrey Iliev Nikolov Executive Director Miroslav Stanimirov Vichev Executive Director Nikolay Borisov Borisov Executive Director OTP Bank RT, Hungary 1 per cent KPMG Bulgaria OOD

105 EUROBANK BULGARIA 13 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

106 14 EUROBANK BULGARIA Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

107 EUROBANK BULGARIA 15 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

108 16 EUROBANK BULGARIA Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 21 of 14 March 1991 of the BNB Governing Council. License updated by: Resolution No. 15 of 15 April 1992 of the BNB Governing Council to conduct foreign currency activity in accordance with the requirements of the Law on Banks and Credit Activity; Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the Law on Amendment to the Law on Credit Institutions Entered in the Commercial Register by resolution of the Sofia City Court on company file No of 1991, lot No. 414, vol. 4, p. 91; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 11 March 28 Address of the head office Management Supervisory Board Management Board Procurator Shareholders (shares over 1 per cent) Auditor 26 Okolovrasten pat Str., 1766 Sofia tel. 2/8166 Website: Theodoros Karakasis Chairman Stavros Ioannu Deputy Chairman Evangelos Yoanis Kavvalos Nikolaos Aliprantis Christos Adam Petia Nikolova Dimitrova Chair and Chief Executive Director Dimitar Borisov Shumarov Executive Director Iordan Marinov Souvandjiev Milena Ivaylova Vaneva EFG New Europe Holding B.V., Kingdom Netherlands per cent Eurobank Ergasias S.A., Greece per cent CEN Balkan Holdings Limited, Cyprus per cent PricewaterhouseCoopers Bulgaria OOD

109 17 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

110 18 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

111 19 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

112 11 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 278 of 1 October 1993 of the BNB Governing Council to conduct bank transactions in Bulgaria in accordance with the requirements of the Law on Banks and Credit Activity. License amended by Resolution No. 273 of 14 September 1995 of the BNB Governing Council to conduct bank transactions abroad. License updated by: Order No of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of the Sofia City Court on company file No of 1993, lot No , vol. 163, p. 16; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 21 April 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 37 Dragan Tsankov Blvd., 1797 Sofia tel. 2/91 1 Website: Evgeni Krustev Lukanov Chairman Maya Lyubenova Georgieva Deputy Chair Georgi Dimitrov Mutafchiev Radka Veselinova Mineva Jordan Velichkov Skortchev Dimitar Kostov Kostov Chairman and Executive Director Svetoslav Stoyanov Moldovansky Executive Director Vassil Christov Christov Executive Director Maya Ivanova Oyfalosh Executive Director Ivaylo Dimitrov Mutafchiev per cent Tzeko Todorov Minev per cent KPMG Bulgaria OOD

113 ING BANK N.V., SOFIA BRANCH 111 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

114 112 ING BANK N.V., SOFIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

115 ING BANK N.V., SOFIA BRANCH 113 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

116 114 ING BANK N.V., SOFIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 134 of 14 April 1994 of the BNB Governing Council in accordance with the requirements of the Law on Banks and Credit Activity. License amended by Resolution No. 199 of 16 June 1994 of the BNB Governing Council. License updated by Order No of 22 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks. After the accession of the Republic of Bulgaria to the EU branches of banks from Member States licensed by the BNB prior the entry into force of the Law on Credit Institutions shall continue to perform their activities by virtue of the mutual recognition of the single European passport. Entered in the Commercial Register by resolution of 26 July 1994 of the Sofia City Court on company file No of 1994; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 18 June 28 Address of the branch Management Shareholders (shares over 1 per cent) Auditor 49B, Bulgaria Blvd., entr. A, seventh floor, 144 Sofia tel. 2/ Website: Egbert Voerman Chief Executive Director Vladimir Boyanov Tchimov Executive Director Miroslava Mihailova Strashilova Executive Director Tsvetomir Stefanov Uzunov Executive Director ING Bank N.V., Kingdom of Netherlands 1 per cent Ernst & Young Audit OOD

117 115 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

118 116 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

119 117 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

120 118 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Protocol No. 42 of 25 October 1989 of the BNB Governing Council. By Protocol No. 93 of 2 December 199 of the BNB was permited to conduct transactions in Bulgaria. License updated by: Resolution No. 59 of 18 February 1993 of the BNB Governing Council to conduct bank transactions abroad; Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of 6 May 1991 of the Sofia City Court on company file No of 1991, lot No. 53, vol. 1, p. 14; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 9 June 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Todor Alexandrov Blvd., 133 Sofia tel. 2/ ; 2/ Website: Ivan Minkov Dragnevsky Chairman Georgi Stoinev Harizanov Deputy Chairman Georgi Borislavov Georgiev Victor Georgiev Valkov Aleksey Asenov Tsvetanov Chairman and Chief Executive Director Rumen Georgiev Sirakov Deputy Chairman and Executive Director Maria Andreeva Guneva Dynatrade International 33 per cent BDO Bulgaria OOD

121 119 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

122 12 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

123 121 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

124 122 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 364 of 1 December 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria and abroad under Article 9, para. 1 of the Law on Banks and Credit Activity. License updated by: Order No of 27 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 16 December 1994 of the Sofia City Court on company file No of 1994, lot No. 2164, vol. 261, reg. 1, p. 13; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 26 May 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 85 Bulgaria Blvd., 144 Sofia tel. 2/ Website: Petia Ivanova Barakova-Slavova Chair Festa Holding AD Dimitriyka Lazarova Andreeva Plamen Yordanov Milkov Chairman and Executive Director Lyubomir Antonov Karimansky Deputy Chairman and Executive Director Tsanko Iliev Kolovsky Executive Director Radka Boneva Nikodimova Executive Director Festa Holding 49.5 per cent Adil Said Ahmed Al Shanfari, Sultanate of Oman 31.74% Petia Ivanova Barakova-Slavova per cent KPMG Bulgaria OOD

125 IŞBANK AG, SOFIA BRANCH 123 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

126 124 IŞBANK AG, SOFIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

127 IŞBANK AG, SOFIA BRANCH 125 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

128 126 IŞBANK AG, SOFIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB IŞBANK AG Sofia Branch is a branch of IŞBANK AG, Germany; the country is a member of the EU, therefore no license, granted by the BNB, is required. Legal registration Entered in the Commercial Register to the Registry Agency, UIC , certificate No of 14 January 211 Address of the branch Management Shareholders (shares over 1 per cent) 2 Pozitano Square, Perform Business Centre, first floor, 1 Sofia tel. 2/422; 2/4221 Baki Mustafa Cankurt Governor IŞBANK AG, Federal Republic of Germany 1 per cent

129 127 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

130 128 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

131 129 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

132 13 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 323 of 2 October 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria in accordance with the requirements of the Law on Banks and Credit Activity. License updated by: Resolution No. 96 of 3 September 1995 of the BNB Governing Council and Resolution No. 1 of 4 January 1996 of the BNB Governing Council to conduct bank transactions abroad; Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of the Sofia City Court on company file No of 1992, lot No. 648, vol. 12, p. 75; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 11 March 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 3 32 General Totleben Blvd., 166 Sofia tel. 2/ Website: First Investment Bank AD Delcho Petrov Krastev Bojidar Mihailov Todorov Nedelcho Vasilev Nedelchev Maria Dimova Ilieva Chair and Chief Executive Director Milka Dimitrova Todorova Executive Director Pavel Petrov Yanachkov Executive Director Vasil Alexandrov Trifonov First Investment Bank AD, Republic of Bulgaria 1 per cent KPMG Bulgaria OOD Note: The information on the bank s status, management and shareholders reflects its state by 19 December 213 after the acquisition by First Investment Bank of 1% of MKB Unionbank s equity and after the change of the bank s name to Unionbank.

133 MUNICIPAL BANK PLC 131 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

134 132 MUNICIPAL BANK PLC Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

135 MUNICIPAL BANK PLC 133 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

136 134 MUNICIPAL BANK PLC Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 121 of 4 March 1996 of the BNB Governing Council to conduct bank transactions in Bulgaria in accordance with the requirements of the Law on Banks and Credit Activity. License amended by Resolution No. 499 of 22 July 1996 of the BNB Governing Council and Resolution No. 249 of 11 April 1997 of the BNB Governing Council to conduct bank transactions abroad. License updated by: Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 4 April 1996 of the Sofia City Court on company file No of 1996, lot No. 737, vol. 13, reg. II, p. 138; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 6 October 29 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 6 Vrabcha Str., 1 Sofia tel. 2/ Website: Stefan Lazarov Nenov Chairman Zdravko Borisov Gargarov Deputy Chairman Spas Simeonov Dimitrov Sasho Petrov Tchakalski Chairman and Executive Director Ivanka Toteva Popova Deputy Chair Georgi Hristov Belovski Executive Director Radoslav Todorov Milenkov Executive Director Vassil Borisov Trenev Sofia Municipality per cent KPMG Bulgaria OOD

137 135 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

138 136 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

139 137 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

140 138 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 399 of 29 December 1993 of the BNB Governing Council under the Law on Banks and Credit Activity. License updated by: Resolution No. 63 of 2 March 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria under the Law on Banks and Credit Activity; Order No of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 8 March 1994 of the Sofia City Court on company file No of 1993, lot No. 1559, vol. 194, p. 174; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 23 April 28 Address of the head office Management Board of Directors Shareholders (shares over 1 per cent) Auditor 115 E Tsarigradsko Shose Blvd., 1784 Sofia tel. 2/ Website: Ilias Dimitrios Milis Chairman Athanasios Aristidis Kutsopoulos Deputy Chairman and Chief Executive Director Emil Angelov Angelov Deputy Chief Executive Director Margarita Dobreva Petrova-Karidi Executive Director Joanna Apostolos Kouna Ioannis Delis Georgios Ioannis Poulopoulos Krassimira Todorova Ivanova Piraeus Bank S.A., Athens, Greece per cent KPMG Bulgaria OOD

141 139 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

142 14 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

143 141 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

144 142 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Licensed by Order No. RD of 25 September 21 of the BNB Governor to conduct bank transactions under the Law on Banks. License updated by: Order No. RD of 2 July 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 28 September 21 of the Sofia City Court on company file No of 21, lot No , vol. 733, p. 116; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 18 April Todor Alexandrov Blvd., 133 Sofia tel. 2/8135 1; 2/ Website: Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Christoph Andreas Freytag Chairman Claus-Peter Zeitinger Hanns Martin Hagen Borislav Nikolov Kostadinov Birgit Storz Petar Slavchev Slavov Chairman and Executive Director Mariana Dimitrova Petkova Executive Director Rumyana Velichkova Todorova Executive Director Emilia Hristova Tzareva Executive Director Reni Ivanova Peycheva ProCredit Holding AG, Commerzbank Aktiengesellschaft (ProCredit Holding AG & Co.KGaA), Federal Republic of Germany 1 per cent KPMG Bulgaria OOD

145 143 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

146 144 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

147 145 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

148 146 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 198 of 16 June 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria and abroad under Article 9, para. 1 of the Law on Banks and Credit Activity. License updated by: Order No of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions Entered in the Commercial Register by Resolution No. 1 of 1 August 1994 of the Sofia City Court on company file No of 1994, lot No , vol. 23, p. 38; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 11 March 28 Address of the head office Management Supervisory Board Management Board Procurator Shareholders (shares over 1 per cent) Auditor 18 2 Gogol Str., 154 Sofia tel. 2/ Website: Herbert Stepic Chairman Peter Lenkh Ferenc Berszán Klemens Haller Kurt Bruckner Tzenka Kalcheva Petkova Executive Director Evelina Miltenova Velikova Executive Director Ani Vasileva Angelova Executive Director Monika Fuernsinn Executive Director Oliver Roegl Executive Director Dobromir Slavov Dobrev Mihail Tanev Petkov Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria 1 per cent KPMG Bulgaria OOD

149 147 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

150 148 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

151 149 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

152 15 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 176 of 3 June 1993 of the BNB Governing Council to conduct bank transactions in Bulgaria and abroad under Article 17, para. 2, item 4 of the Law on Banks and Credit Activity. License updated by: Order No of 17 November 1999 in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Entered in the Register of Commercial Companies by Resolution No. 424 of 24 June 1993 of the Varna Regional Court on company file No. 424 of 1993, lot No. 33, vol. 3, p. 125; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 11 April 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 92 Vladislav Varnenchik Blvd., 9 Varna tel. 52/686 1 Website: Martin Mihailov Zaimov Chairman Patrick Pierre Gelin Didier Colin Giovanni Luca Soma Antoine Marcel Paul Toussaint Chairman and Chief Executive Director Maria Koycheva Rouseva Deputy Chair and Executive Director Willy-Pierre Abbal Executive Director Elenka Petrova Bakalova Executive Director Yann-Robin Dumontheil Executive Director Zhivka Stoyanova Sarachinova Member of the Management Board and Procurator Slaveyko Lyubomirov Slaveykov Member of the Management Board and Procurator Daniela Dimitrova Hristova Member of the Management Board and Procurator Société Générale, Republic of France per cent Deloitte Audit OOD

153 151 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

154 152 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

155 153 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

156 154 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Order No. RD of 13 August 23 of the BNB Governor to conduct bank transactions in Bulgaria and abroad. License updated by: Order No. RD of 2 July 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Order No. RD of 3 August 211 of the BNB Deputy Governor heading the Banking Supervision Department permitting NLB Banka Sofia to change its name to TBI Bank. Entered in the Commercial Register by Resolution No. 1 of 28 August 23 of the Sofia City Court on company file No. 927 of 23, lot No , vol. 927, reg. I, p. 158; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 17 March 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Dimitar Hadzikotsev Str., 1421 Sofia tel. 2/ Website: Ariel Shalom Hasson Valentin Angelov Galabov Zvi Ziv Bozhidar Ivanov Arshinkov Chairman and Executive Director Tsvetan Stefanov Petrinin Executive Director Nora Ivanova Petkova Executive Director Ivan Stefanov Ivanov Executive Director Venkat Sarma Anantapantula TBIF Financial Services B.V., Kingdom Netherlands 1 per cent Ernst & Young Audit OOD

157 T.C. ZIRAAT BANK, SOFIA BRANCH 155 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

158 156 T.C. ZIRAAT BANK, SOFIA BRANCH Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

159 T.C. ZIRAAT BANK, SOFIA BRANCH 157 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

160 158 T.C. ZIRAAT BANK, SOFIA BRANCH Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration By Order No of 26 June 1998 of the BNB Governor T.C. Ziraat Bank with main office Ancara, Republic of Turkey, was granted a permit to conduct bank activity in Bulgaria through a branch in Sofia. License updated by: Order No. RD of 25 October 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. By Order No. RD of 14 June 21 of the BNB Deputy Governor heading the Banking Supervision Department the Bank is allowed to provide payment services within the meaning of the Law on Payment Services and Payment Systems Entered in the Commercial Register by Resolution No. 1 of 3 July 1998 of the Sofia City Court on company file No. 881 of 1998, lot No. 863, vol. 15, p. 173; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 1 May 28 Address of the branch Management Shareholders (shares over 1 per cent) Auditor 87 Tsar Samuil Str., 131 Sofia tel. 2/98 87 Website: Kazim Gündoğar President Fazilet Çavdar Vice President T.C. Ziraat Bank, Ankara, Republic of Turkey 1 per cent BDO Bulgaria OOD

161 159 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

162 16 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

163 161 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

164 162 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 243 of 4 March 1992 of the BNB Governing Council to conduct bank transactions in Bulgaria under the Law on Banks and Credit Activity. License amended by Resolution No. 277 of 1 October 1993 of the BNB Governing Council to conduct bank transactions abroad. License confirmed by Resolution No. 248 of 11 April 1997 of the BNB Governing Council. License updated by: Order No of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Entered in the Commercial Register by resolution of the Sofia City Court on Company file No of 1992, lot No. 4542, vol. 89, p. 18; re-entered in the Commercial Register to the Registry Agency, UIC 45344, certificate No of 28 May 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 141 Todor Alexandrov Blvd., 139 Sofia tel. 2/935 55; 2/935 51; 2/935 7 Website: Apostol Lachezarov Apostolov Chairman Milen Georgiev Markov Deputy Chairman Pavlina Georgieva Naydenova Iglika Dimitrova Logofetova Chair Krasimir Georgiev Zhilov Deputy Chairman and Executive Director Maria Petrova Vidolova Executive Director Rumiana Stoilova Ruskova Anatoliy Metodiev Velichkov Finance Consulting AD per cent Deloitte Audit OOD

165 163 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

166 164 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

167 165 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

168 166 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Resolution No. 365 of 1 December 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria under Article 9, para. 1 of the Law on Banks and Credit Activity. License updated by: Order No of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 3 January 23 of the BNB Governor to conduct bank transactions abroad; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions Entered in the Commercial Register by Resolution No. 748 of 29 January 22 of the Plovdiv Regional Court on company file No of 21, lot No. 31, vol. 23, p. 122; re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 26 March 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 21, George Washington Str., 1 Sofia tel. 2/437 9; 2/ Website: International Hospital Service Co. Japan, represented by Eiji Yoshida Arthur Stern Dimitar Stoyanov Vuchev Vanya Georgieva Vasileva Chair and Executive Director Lyubomir Stoyanchov Manolov Executive Director Kiril Dimitrov Pendev Executive Director International Hospital Service Co per cent Deloitte Audit OOD

169 167 BALANCE SHEET AS OF 3 SEPTEMBER 213 ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES (BGN ) Balance Including sheet value BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks EQUITY AND MINORITY INTEREST Issued capital Share premium equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

170 168 Banks in Bulgaria July September 213 INCOME STATEMENT (September 213) Continuing operations Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net operating income operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT Total amount Including (BGN ) BGN EUR currencies

171 169 LOANS AND ATTRACTED FUNDS AS OF 3 SEPTEMBER 213 LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments Total (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

172 17 Banks in Bulgaria July September 213 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Established by Decree No. 7 of 2 February 1964 of the Council of Ministers to conduct foreign exchange and credit transactions in Bulgaria and abroad. Licensed by Resolution No. 13 of 25 February 1991 of the BNB Governing Council. License updated by: Order No of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered under No. 17 of 21 February 1964 of the Sofia Regional Court on company file No. 9 of 1964 and in the Commercial Register under No. 53, vol. 5, p. 99 on company file No. 21 of 199 of the Sofia City Court, re-entered in the Commercial Register to the Registry Agency, UIC , certificate No of 18 February 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 7 Sveta Nedelya Sq., 1 Sofia tel. 2/ Website: Robert Zadrazil Chairman Alberto Devoto Deputy Chairman Heinz Meidlinger Dimitar Georgiev Zhelev Simone Marcucci Friederike Kotz Mauro Maschio Levon Karekin Hampartzumian Chairman and Chief Executive Director Andrea Casini Deputy Chairman and Executive Director Emilia Stefanova Palibachiyska Chief Financial Officer Alexander Kalinov Krastev Michele Amadei Ivaylo Rusinov Glavchovski Tsvetanka Georgieva Mintcheva UniCredit Bank Austria AG, Republic of Austria per cent KPMG Bulgaria OOD