April June 2014 Banks in Bulgaria

April June 214

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April June 214 Banks in Bulgaria BULGARIAN NATIONAL BANK

2Banks in Bulgaria April June 214 Bulgarian National Bank, 214 This issue includes materials and data received by 4 August 214 (Sections II V) and by 18 November 214 (Section I). The contents of the Banks in Bulgaria quarterly bulletin may be quoted or reproduced without further permission. Due acknowledgment is requested. Published by the Bulgarian National Bank. Editing, typesetting and printing: BNB Publications Division of the Administrative Directorate. For questions and comments, please contact the Macro-prudential Supervision and Financial Stability Directorate of the BNB Banking Supervision Department. 1 Sofia, 1, Knyaz Alexander I Square Website: www.bnb.bg ISSN 1313-4388 (print) ISSN 2367-4989 (online)

CONTENTS 3 I. State of the Banking System (second quarter of 214)... 5 II. Methodological Notes... 25 III. Banking Supervision Regulation... 27 IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group... 31 Banks in Bulgaria April June 214 V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks... 61

4Banks in Bulgaria April June 214 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

I. State of the Banking System (second quarter of 214) 5 1. The Banking System: Structure and Trends... 7 1.1. Dynamics by Bank Group... 7 1.2. Structural Changes in the Banking System Balance Sheet... 8 1.3. Credit Operations... 1 1.4. Attracted Funds... 11 1.5. Balance Sheet Equity... 12 State of the Banking System 2. Banking System Risk Profile... 12 3. Developments in Major Risks to the Banking System... 12 3.1. Asset Quality... 12 3.2. Effects on Earnings... 13 3.3. Capital s Ability to Absorb Shocks... 14 3.4. Capacity to Meet Liquidity Pressure... 16 Annex 1: Financial Performance and Economic Activity of Non-financial Corporations and Households as a Factor of Growth and Quality of Credit Portfolios... 17 Annex 2: Interdependence in the Financial System: Non-bank Financial Sub-sector... 21

7 No major changes impacting the market positions by group of banks were observed in the second quarter of 214. 1. The Banking System: Structure and Trends 1.1. Dynamics by Bank Group By the end of the second quarter of 214 1 the liquidity position of the banking system was stable. Liquidity buffers held by banks over years helped preserve the stability of the banking and financial system. The capital adequacy ratio remained high. In June the financial result was similar to that a year earlier. Credit risk continued to be the major risk in banks balance sheets. Between April and June the credit portfolio grew at a faster rate compared with the previous three-month period. All segments of the portfolio posted an increase but corporate loans increased most strongly. The share of loans and advances in total banking assets went down due to a decrease in advances. The shares of securities portfolios and cash increased. Deposits of individuals and households posted growth and funds attracted from institutions other than credit institutions rose at a higher rate compared with the previous three-month period. Assets growth rate (.8 per cent) was similar to that in the previous quarter (.9%). By the end of June total banking assets reached BGN 87.2 billion. No significant changes occurred in the market shares of domestic and foreign banks and branches. In June the market share of domestic banks accounted for 3.5 per cent 2 while that of EU subsidiaries comprised 62. per cent. The shares of EU and non-eu bank branches in total assets were 6.1 and.1 per cent. Banks outside the EU retained their market share at 1.3 per cent. State of the Banking System 1 At the very end of the second quarter the banking system was put to a test. Following a strong liquidity pressure Corporate Commercial Bank (KTB) and its subsidiary Commercial Bank Victoria (see footnote 2) were placed under conservatorship. Deposit base movements with a divergent level of seriousness was also observed in other credit institutions. Despite the situation of stress the banking sector continued to smoothly perform its financial intermediation function. 2 As of 3 June the group of domestic banks included 1 banks. In June 214 KTB acquired Crédit Agricole, Bulgaria EAD. On 8 August 214 the Bank s name was changed to Commercial Bank Victoria EAD.

8Banks in Bulgaria April June 214 Chart 1 Market Shares of Domestic and Foreign Banks (%) Note: The sum total may not add up to 1 per cent owing to rounding. Source: BNB. Investment in Bulgarian government securities increased. 1.2. Structural Changes in the Banking System Balance Sheet The increase in cash by 7.4 per cent (BGN 585 million) over the quarter contributed to the higher share of cash in banks assets to 9.8 per cent against 9.2 per cent in March. Chart 2 Structure of Bank Assets as of 3 June 214 Note: The sum total may not add up to 1 per cent owing to rounding. Source: BNB.

9 Growth of attracted funds was entirely due to residents funds. Securities portfolios increased by BGN 528 million (4.7 per cent) and their share in assets reached 13.5 per cent (against 13. per cent in March). An increase was registered in financial assets available for sale and those held for trading. The rise in debt instruments of local issuers was mostly attributable to growth in government securities (by BGN 1 billion, 16.5 per cent). Debt instrument of foreign issuers increased by BGN 538 million (12.7 per cent). The increase in attracted funds was entirely a result of growth in resident sources, primarily in institutions other than credit institutions. The share of funds attracted from residents in total attracted funds was sustained (84.1 per cent). The share of deposits of individuals and households in total attracted funds remained unchanged at 54. per cent. The contribution of funds attracted from institutions other than credit institutions slightly increased to 32.3 per cent, while that of credit institutions resources continued to decrease to 11.2 per cent. State of the Banking System Chart 3 Structure of Attracted Funds as of 3 June 214 Note: The sum total may not add up to 1 per cent owing to rounding. Source: BNB.

1 Banks in Bulgaria April June 214 Despite credit portfolio growth lending activity remained subdued. 1.3. Credit Operations Between April and June gross loans (excluding loans to credit institutions) increased at a higher rate (1.3 per cent) compared with the previous quarter (.6 per cent). All segments of the credit portfolio reported an increase. Corporate loans increased by BGN 683 million (1.8 per cent). The increase in retail exposures by BGN 82 million (.4 per cent) reflect mostly higher consumer lending (by BGN 75 million or.8 per cent). Housing mortgage loans went up BGN 7 million (.1 per cent). Claims on non-credit institutions increased by BGN 15 million (1.4 per cent). Exposures to central governments increased by BGN 2 million (.3 per cent). Investment in credit institutions decreased by BGN 1394 million (13.7 per cent) over the review quarter. The fall reflected an asset transformation. Between April and June exposures to non-resident credit institutions (including with entities from the group) contracted most strongly: by BGN 1168 million (13.4 per cent). During the quarter the share of loans and advances in levs (36.2 per cent) increased mostly at the expense of the drop recorded in other currencies (5.1 per cent). The share of loans in euro remained almost unchanged (58.7 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. Source: BNB.

11 The role of the funds of individuals and households in total attracted funds was sustained. 1.4. Attracted Funds In the second quarter of 214 attracted funds increased by.7 per cent (BGN 496 million) to BGN 75.1 billion. Deposits from individuals and households went up BGN 275 million indicating slower growth rate (.7 per cent) than that observed in the first quarter. During the review quarter credit institutions reported an increase of BGN 459 million (1.9 per cent) in funds attracted from institutions other than credit institutions (including enterprises). June saw the largest monthly growth by BGN 678 million (2.9 per cent). Funds attracted from credit institutions contracted by BGN 176 million (2.1 per cent). A fall was recorded in long-term financing (by BGN 259 million, 9.6 per cent). The total volume of attracted funds from non-residents slightly decreased (by BGN 6 million). Compared with March 214 the share of funds attracted in euro rose (to 43.4 per cent) at the expense of that in levs (49.9 per cent). The increase in funds attracted in euro was due to growth in funds attracted from institutions other than credit, and individuals and households. No significant change occurred in the share of attracted funds in other currencies (6.7 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. Source: BNB.

12 Banks in Bulgaria April June 214 1.5. Balance Sheet Equity By the end of the second quarter of 214 the banking system balance sheet equity totalled BGN 11 billion. The issued capital and the financial result for the current year exhibited a positive dynamics. Revaluation reserves and reserves (including retained profits) contracted. 2. Banking System Risk Profile Despite of the events of the last decade of June the liquidity position of the banking system remained high. No significant changes occurred in other indicators of the economic environment either. Credit risk continued to dominate. Yield boosting remained limited due to unfavourable business opportunities. The levels of capital adequacy remained stable. 3. Developments in Major Risks to the Banking System 3.1. Asset Quality The amount of exposures past due over 9 days continued to decrease. The amount of exposures past due over 9 days (including exposures past due over 18 days) continued to decrease (by.5 per cent), while the impairment on them continued to increase (by 2.2 per cent). This led to an decrease in the balance sheet value of exposures from the last two classification groups to BGN 5.2 billion. The share of net loans pastdue over 9 days in the credit portfolio (excluding credit institutions) accounted for 9.6 per cent by the end of June (against 9.9 per cent in March). In contrast to the previous quarters, when the total amount of exposures classified as other than standard 3 decreased, in the second quarter these exposures went up 2.6 per cent to BGN 13.7 billion. 3 Loans classified as other than standard correspond to classified loans under the repealed BNB Ordinance No 9 on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk (repealed on 24 April 214).

13 Chart 6 Share of Net Non-performing Loans in Net Loans (Excluding Those to Credit Institutions) (%) State of the Banking System Source: BNB. balance sheet items (other than loans) preserved their good quality and liquidity but having low profitability. Over the review quarter the share of securities increased. Government securities investment in debt instruments by local issuers, contributed most strongly to growth. The share of cash in total assets also increased over the review period, and the share of placements (investment in banks) contracted to 1.1 per cent. 3.2. Effects on Earnings Over the review period institutions ability to generate good income was limited by several major factors: declining interest income; movements in loan quality; lower amount of other operating income and net valuation adjustments; higher administrative costs and increased impairment reported. On the other hand, factors having a favourable effect on credit institutions profitability were: decreased interest expenses; increased gains from financial assets and liabilities; lower amount of reported amortisation and provision costs.

14 Banks in Bulgaria April June 214 The financial result of the banking system was similar to that a year earlier. By the end of June credit institutions reported a profit in the amount of BGN 332 million. Return on assets (ROA) was sustained at.77 per cent as compared with June 213. Return on equity (ROE) improved to 6.3 per cent due to a higher growth rate of the financial result compared with the rate of growth of the shareholder capital and reserves. For a period of one year the amount of net interest income rose by BGN 87 million (7. per cent). The net interest margin also grew on June 213 to 3.31 per cent. The stronger fall in interest expenditure (11.9 per cent, or BGN 127 million) than in interest income (1.8 per cent, or BGN 4 million) contributed to the improvement of these indicators. Within the structure of financial and operating income, both income from interest assets and financial instruments continued to increase. Concurrently, the role of fees and commissions, as well as of operating and other net income diminished. Chart 7 Earnings Indicators (%) (%) Source: BNB. 3.3. Capital s Ability to Absorb Shocks 4 Compared with March the share of tier one capital in equity (88.4 per cent) experienced no significant change. By the end of June the total capital adequacy ratios and tier one capital ratios were 21.26 per cent (against 21.73 per cent in March) and 18.79 per cent (against 19.17 4 The data used were compiled in compliance with the requirements of Regulation (EU) No 575/213 of the European Parliament and of the Council of 26 June 213. The reporting time limits adopted in the EU under the new Capital Requirements Regulation and Directive are longer. Therefore, the Banks in Bulgaria publication for the first quarter of 214 includes capital adequacy ratios based on parallel reporting for statistical purposes.

15 The total capital adequacy ratio and tier one capital adequacy ratio remained stable. per cent in March) respectively. At the end of the second quarter equity amounted to BGN 11.8 billion, up BGN 6 million compared with March. Tier one capital went up BGN 27 million and tier two capital BGN 21 million. In June common equity tier one capital accounted for 97.7 per cent in the structure of tier one capital. Risk weighted exposures for credit risk comprised 89.3 per cent in the structure of total risk exposures (against 87. per cent in March). No significant change occurred in the shares of exposures for position, currency and commodity risk, and for operational risk: 1.1 per cent and 9.5 per cent in June respectively. In June the banks leverage ratio 5 was 11.8 per cent (against 12.29 per cent in March). To preserve the accumulated banking capital reserves, a capital conservation buffer of 2.5 per cent and a capital buffer for systemic risk of 3 per cent of risk weighted exposures were introduced for all banks based on a decision of the Governing Council of the BNB of 29 May. The capital conservation buffer is effective as of 13 May 214 and the capital buffer for systemic risk as of 1 October 214. State of the Banking System Chart 8 Selected Capital Indicators (%) (%) Source: BNB. 5 The leverage ratio is calculated by dividing the institution s capital measure (tier one capital) by the institution s total exposure measure and expressed in percentage inclination. Institutions calculate the leverage ratio as arithmetic average of the leverage ratio monthly figures for a quarter. The total exposure measure is the sum total of the values of the exposures on all assets and off-balance-sheet positions which are not deducted in determining the capital measure (tier one capital).

16 Banks in Bulgaria April June 214 Liquidity of the banking system remained high. 3.4. Capacity to Meet Liquidity Pressure At the end of June 214 liquid assets amounted to BGN 2.2 billion, down BGN 19 million compared with March. The fall was mainly attributable to the contraction of funds on current accounts and interbank deposits in April and June. Compared with March the share of cash in total liquid assets rose to 42.2 per cent, while that of balances on current accounts and interbank deposits decreased to 33.7 per cent. The share of marketable securities issued by central governments or central banks also exhibited an increase (to 19.9 per cent), while that of Bulgarian government securities (other than those for trading) experienced no significant change (3.8 per cent). No significant change occurred in the liquid assets ratio: 26.8 per cent (against 27.12 per cent in March). The insignificant decrease from March reflected the dynamics of liquid assets over the review period. Chart 9 Liquid Assets Ratio (Ordinance No. 11) (%) Source: BNB.

17 Annex 1 Financial Performance and Economic Activity of Non-financial Corporations and Households as a Factor of Growth and Quality of Credit Portfolios In recent years (after the onset of the current global financial crisis) loans to non-financial corporations in Bulgaria have been characterised by comparatively low growth. This reflected both the conservative bank lending policies and weak demand for loans. Factors behind the weak demand for bank loans included lower than expected income from sales and comparatively high indebtedness of non-financial corporations. The continued period of subdued economic activity reflected also on the quality of the credit portfolio. Despite the significance of domestic banks loans as a source of corporate sector financing, funds attracted from non-residents formed the bulk of corporate obligations. In March 214 funds attracted from those sources accounted for 57.6 per cent of total corporate sector obligations, including 25.4 per cent foreign debt and 32.2 per cent direct foreign investment (intercompany loans). The extensive recourse to financing from non-resident sources is likely to reflect both its comparatively low cost and the high degree of integration of non-financial corporations in Bulgaria with other countries in terms of ownership and trade relations. Over the review period several trends occurred which had a positive effect both on demand for loans and the credit portfolio of non-financial corporations. They involve: the recovery of the gross value added of non-financial corporations to the pre-crisis levels 6 and lower debt interest burden measured as the ratio between interest payments on corporate loans and the gross operating surplus of the sector. Possible differences in demand for attracted funds and quality of credit portfolios by individual economic activity within the corporate sector deserve special attention. In March 214, 77 per cent of loans to nonfinancial corporations were concentrated in five economic activities. The review of the trends in these activities explains to a large extent the changes in the total value of loans to non-financial corporations. These activities and their relevant shares in loans to non-financial corporations include trade (31.3 per cent), manufacturing (2.5 per cent), building (11.2 per cent), real estate operations (9.4 per cent) and the hotels and restaurants sector (4.6 per cent). Loan dynamics in manufacturing and trade approached the dynamics recorded for non-financial corporations: a gradual trend towards low growth. Compared with March 29 bank loans to manufacturing and State of the Banking System 6 The increase in gross value added may be interpreted as a prerequisite for enhanced demand for loans and improved opportunities for servicing obligations as a result of higher economic activity.

18 Banks in Bulgaria April June 214 trade rose by 18 per cent and 13 per cent respectively. On the other hand, following short-run growth reported in 29 the dynamics of loans in construction and hotels and restaurants sectors was characterised by a steady decline. By the end of March 214 loans in these sectors reported a decrease by 16 per cent and 1 per cent respectively as compared with end-march 29. Real estate operations experienced the most pronounced increase (94 per cent). Insofar the increase was concentrated only in two of the quarters of the review period (the first quarter of 21 and the fourth quarter of 213), no clear credit growth trend in this sector could be identified. 7 Chart 1 Indices of loan dynamics by economic activity with the prevailing share in the credit portfolio (March 29 = 1) а) (%) 7 The dramatic rise in the volume of loans to the real estate operations sector in the first quarter of 21 and the fourth quarter of 213 was accompanied by a significantly increased number of loans to this sector.

19 b) (%) State of the Banking System Source: BNB. The quality of credit portfolios of individual economic activities was divergent. The heterogeneity in the dynamics and quality of credit portfolios of individual economic activities reflected the different degree at which the economic crisis affected their performance and the level of indebtedness. The turnover in manufacturing and trade recovered to the pre-crisis levels, which had a favourable effect on demand for financing and the quality of credit portfolios in these economic activities. The turnover in the hotels and restaurants sector s also outpaced its end-28 level despite the certain weakening in the sector s activity from the end of 212. The poorest values were reported in construction. Households propensity to undertake new debt decreased due to a continued period of weak economic activity and uncertainty in macroeconomic environment in recent years. Following growth in household loans by 5.8 per cent in 29, since early 21 a steady downward trend in these loans occurred. As a result, at the end of March 214 they rose by mere 1.6 per cent compared with the end of the first quarter of 29. The contraction of household loans was accompanied by worsening of quality in this part of credit portfolios though the share of non-performing retail exposures remained unchanged since mid-213.

2 Banks in Bulgaria April June 214 Finally, the following conclusions could be made as to the expectations of lending activity in the following quarters: Factors having an encouraging effect on lending growth Favourable trends in corporations assessments and expectations about economic activity Encouraging trends in consumer sentiments and expectations about households financial state and overall economic situation in Bulgaria Limited household indebtedness Available liquid and capital position of the banking system Factors having a dampening effect on credit growth Increased uncertainty in the economic environment Degree of indebtedness of non-financial corporations Lower banks risk appetite

21 Interdependence in the Financial System: Non-bank Financial Sub-sector Annex 2 Chart 11 Structure of the financial* sector in Bulgaria as at 3 June 214 State of the Banking System * For the purpose of this study the financial sector includes: the banking system, insurance corporations, specialised lenders, lease companies, financial vehicle corporations, non-bank investment firms, local investment funds, supplementary pension insurance funds. ** Exposures of supplementary pension insurance funds to shares and rights in collective investment undertakings include local and foreign investment funds. Sources: BNB and FSC: statistical data by sector as of 3 June 214. FSC Overview of the Nonbank Sector in Bulgaria in the Second Quarter of 214. The large relative share of the banking sub-sector as compared with other financial sub-sectors (76 per cent based on assets as of 3 June 214), determines its major role in Bulgaria s financial system. As a whole the share of the non-bank financial sub-sector continued to increase and at the end of the second quarter of 214 assets reached BGN 26.9 billion or 24 per cent of the financial system assets. The relatively low exposure of the financial system to external markets and low use of external market financing limited the impact of potential external risks associated with worsening in the international financial situation. Concurrently, major risks to the financial system are internal and relate to the dynamics of ongoing business processes and the degree of interdependence among individual segments.

22 Banks in Bulgaria April June 214 The ratio of financial assets to the GDP is an indicator of the extent to which the financial stability may be affected if risks and imbalances in individual segments of the financial system materialise. By the end of the second quarter of 214 the share of the financial sector in the GDP accounted for 142 per cent against 135 per cent a year earlier. The relatively lower share of the non-bank financial sub-sector in the GDP (33.4 per cent by 3 June 214) limits the impact of potential risks and materialisation of threats of systemic nature. Chart 12 Financial system assets in absolute terms and as a percentage of GDP (billion BGN) (%) Sources: NSI, BNB and FSC: statistical data by sector as of 3 June 214. FSC Overview of the Non-bank Sector in Bulgaria in the Second Quarter of 214; Annual Report, 212 and Annual Report, 213. Risks ensuing from exposures of the non-bank financial sub-sector to the banking system The liquidity risk for the banking system may be driven by a run on cash on current accounts and deposits held in banks. The assessment of the total amount of these exposures 8 by the end of June 214 came to BGN 2.3 billion, down BGN 22 billion compared with the previous quarter (7.9 per cent) on a quarterly basis. A quantitative indicator of the liquidity risk level in the event of a rapid liquidity absorption from the banking system is the ratio of the bank exposure to the amount of credit institutions liquid assets as determined under Ordinance No. 11 of the BNB. By the end of the second quarter of 214 the maximum amount of 8 This assessment is based on the available statistical information on cash and deposits in the insurance, pension funds and investment funds sectors. Non-bank investment firms, financial vehicle corporations, lease companies and specialised lenders are not included.

23 the potential outflow associated with placements of the financial sector in the banking system would be 11.8 per cent. Risk related to the activities of companies from the non-bank financial sub-sector The major challenge faced by lease companies and specialised lenders is the credit risk measured by the ratio of non-performing loans to receivables under leasing contracts and loans, correspondingly. The impact of the credit risk on the banking system if financial institutions face difficulties in servicing their liabilities (as a result of a decrease in the share of working assets) would not be strong due to relatively low share of financing via institutions registered in Bulgaria. By the end of June 214 loans from resident sources amounted to BGN 986 million (including BGN 753 million from monetary financial institutions) for both subsectors. The share of loans attracted from non-resident sources remained dominant: 77 per cent. 9 The business model in insurance companies and pension funds determines a different structure of financing which is not directly connected with exposures to the banking system. Therefore, any unexpected risk events that may worsen the quality of assets of insurance companies and pension funds and impede the service of their obligations would not have a direct effect on the banking system. Furthermore, data on the cover of financial risks provided by insurers and the use of such protection for the June 213 June 214 period was analysed. Insurance products are distributed into loans, guarantees and other financial losses categories, with collected premiums and indemnifications paid in June amounting to BGN 4.3 million and BGN 1.2 million respectively. Neither premiums collected, nor risk insurance events exhibited an increase. These types of insurance products account for a very small share in insurance offered by companies, with the share of collected premiums on the three specified types of insurance in total premium fund accounting for just.1 per cent at the end of June 214. State of the Banking System 9 The ratio between loans from non-resident sources and the total amount of loans to lease companies and specialised lenders.

II. Methodological Notes 25 1. 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: UniCredit Bulbank DSK Bank First Investment Bank Corporate Commercial Bank United Bulgarian Bank Group II: Eurobank Bulgaria Raiffeisenbank (Bulgaria) Société Générale Expressbank Central Cooperative Bank Piraeus Bank Bulgaria Allianz Bank Bulgaria Cibank Investbank Bulgarian Development Bank ProCredit Bank (Bulgaria) Municipal Bank International Asset Bank Bulgarian-American Credit Bank D Commerce Bank Tokuda Bank TBI Bank Victoria Commercial Bank (former Crédit Agricole Bulgaria) Texim Bank Group III: Alpha Bank Bulgaria Branch Citibank Europe Bulgaria Branch BNP Parisbas S.A. Sofia Branch ING Bank N.V. Sofia Branch T.C. Ziraat Bank Sofia Branch IŞBANK GmbH Sofia Branch Methodological Notes

III. Banking Supervision Regulation 27 Capital Adequacy and Leverage of Banks as of 3 June 214... 29 Liquidity of Banks as of 3 June 214 (under Ordinance No. 11 of the BNB)... 29 Banking Supervision Regulation

29 CAPITAL ADEQUACY AND LEVERAGE OF BANKS* AS OF 3 JUNE 214 Banking system TOTAL CAPITAL ADEQUACY 21.26 TIER ONE CAPITAL ADEQUACY 18.79 LEVERAGE 11.8 * The new form for disclosing information related to banks capital adequacy and leverage ratios is based on reporting forms included in Commission Implementing Regulation (EU) No 68/214 of 16 April 214 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/213 of the European Parliament and of the Council. Source: BNB. (%) Banking Supervision Regulation LIQUIDITY OF BANKS AS OF 3 JUNE 214 (under Ordinance No. 11 of the BNB) (BGN ) Assets in pawn/ Items Total assets past due At sight up From 8 days From 1 to From 3 to From 6 to Over 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. 9 34 727 1 294 9 37 824 12 4 553 911 9 432 377 1 941 585 2 24 42 2 327 398 4 229 775 22 26 494 38 314 957 4 71 168 2 464 847 3 253 567 4 548 69 6 331 215 17 6 47 23.58 2.26 263.3 187.97 18.25 65.29 111.97 175 55 2 25 319 3 92 537 4 73 768 11 971 213 1 434 256 1 449 383 1 979 39 3 112 685 15 74 459 31 433 75 2 575 166 1 822 693 1 82 859 2 73 2 4 848 113 18 293 242 32.5 464.87 575.13 539.65 465.35 211.33 112.29 1 62 864 337 669 4 826 256 518 13 1 655 995 98 824 23 147 162 486 47 851 2 753 83 5 524 475 1 75 378 156 54 973 641 2 7 594 41 454 846 868 19.24 153.99 168.18 2.92 5.67 15.1 75.9 2 172 646 3 656 997 73 57 913 9 82 89 23 59 585 3 474 665 3 892 932 4 469 193 7 813 311 4 664 36 75 272 57 8 36 712 4 444 8 6 48 67 8 692 286 11 58 782 36 146 58 26.8 275.81 387.7 266.96 16.34 14.17 11.15

IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group 31 Balance Sheet of the Banking System as of 3 June 214... 33 Income Statement of the Banking System... 36 Memorandum Items of the Banking System as of 3 June 214... 38 Balance Sheet of Group I Banks as of 3 June 214... 4 Income Statement of Group I Banks... 43 Memorandum Items of Group I Banks as of 3 June 214... 45 Balance Sheet of Group II Banks as of 3 June 214... 47 Income Statement of Group II Banks... 5 Memorandum Items of Group II Banks as of 3 June 214... 52 Balance Sheet of Group III Banks as of 3 June 214... 54 Income Statement of Group III Banks... 57 Memorandum Items of Group III Banks as of 3 June 214... 59 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

33 BALANCE SHEET OF THE BANKING SYSTEM AS OF 3 JUNE 214 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 8 518 64 5 715 348 2 62 576 182 14 1 9 898 1 118 968 654 386 127 544 134 464 7 569 98 536 28 359 94 964 93 938 912 114 1 671 47 1 17 461 554 938 99 71 78 76 396 887 31 388 81 2 288 2 287 1 75 788 394 6 31 387 81 5 945 915 2 838 997 2 3 891 1 13 27 251 595 217 5 25 357 8 738 5 694 32 2 621 497 1 978 534 1 94 289 64 784 774 22 61 668 38 786 5 3 397 56 1 796 587 4 72 1 792 515 62 988 187 22 597 596 36 993 535 3 397 56 1 571 291 468 198 827 813 275 28 1 571 291 468 198 827 813 275 28 3 411 66 3 345 3 411 66 3 345 2 9 648 2 1 326 57 7 752 1 815 466 1 87 144 57 7 752 194 182 194 182 159 751 159 429 322 159 751 159 429 322 336 314 231 48 69 651 35 183 51 351 51 172 1 79 23 9 22 83 1 79 28 342 28 342 953 578 567 679 368 723 17 176 216 367 216 367 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group TOTAL ASSETS 87 159 438 36 367 519 45 642 214 5 149 75 (continued)

34 Banks in Bulgaria April June 214 (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 16 84 7 35 75 14 24 35 16 84 7 35 75 14 24 35 75 67 223 37 434 41 32 585 541 5 47 281 8 165 142 649 7 179 193 345 859 64 425 831 36 556 344 23 177 41 4 692 77 448 559 39 41 49 149 1 547 379 479 1 499 96 7 34 48 312 158 478 319 829 2 5 27 364 23 577 3 787 3 433 862 2 571 58 58 23 873 22 657 1 216 98 444 58 94 22 222 18 128 25 274 12 37 8 5 4 737 27 591 27 591 3 754 4 148 13 215 13 391 14 825 14 318 57 44 573 44 571 2 9 973 9 971 2 34 6 34 6 776 393 413 323 31 391 61 679 TOTAL LIABILITIES 76 12 837 37 957 739 33 7 873 5 155 225 (continued)

35 (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 3 88 656 3 88 656 3 88 656 3 88 656 419 75 419 75 251 251 251 251 165 391 165 391 151 724 151 724-19 -19-2 537-2 537 36 391 36 391-2 168-2 168 6 312 513 6 312 513 332 85 332 85 11 38 61 11 38 61 87 159 438 48 996 34 33 7 873 5 155 225 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

36 Banks in Bulgaria April June 214 INCOME STATEMENT OF THE BANKING SYSTEM (June 214) 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 1 884 989 1 4 798 813 397 3 794 2 261 18 1 38 52 1 149 881 73 247 5 5 2 221 6 87 1 725 2 626 12 2 4 936 7 56 28 71 38 24 372 33 17 13 91 2 129 956 995 435 1 88 77 45 814 26 532 6 43 1 24 9 925 1 16 64 952 5 36 13 1 938 41 466 119 413 896 58 26 2 359 23 1 652 684 931 769 466 79 49 232 56 458 3 884 3 11 873 29 17 1 11 6 43 6 36 33 37 11 9 2 231 231 6 188 6 12 31 37 461 458 353 359 89 92 19 7 57 29 42 25 11 713 3 471 42 287 42 287 31 173 31 173 11 316 11 316-213 -213 11 11 8 454 8 454 1 672 1 672 14 964 14 964 63 827 63 827-9 -9 1 426 1 426-316 -316 6 413 6 413-52 -52 34 22 34 22 21 793 21 793 (continued)

37 (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 877 831 366 797 511 34 93 475 69 447 1 41 22 618 6 463 539 16 538 138 4 993 533 145 968 8 96 5 641 8 488 382 243 5 158 332 85 332 85 332 85 (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

38 Banks in Bulgaria April June 214 MEMORANDUM ITEMS OF THE BANKING SYSTEM AS OF 3 JUNE 214 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 348 711 313 589 26 27 8 852 6 43 4 371 4 153 25 193 2 11 439 456 4 55 828 5 464 187 1 469 441 134 364 7 735 122 4 481 491 2 277 415 976 216 93 571 7 273 11 4 464 769 1 832 26 976 216 81 255 63 989 6 747 57 242 1 196 32 193 32 193 811 365 929 9 975 355 954 1 39 3 74 334 24 337 3 186 772 493 225 4 793 791 522 526 825 264 697 7 913 295 64 17 148 198 574 79 882 6 92 2 617 28 7 189 2 461 373 148 646 26 788 336 314 231 48 69 651 35 183 14 819 69 636 35 183 136 136 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 68 417 256 24 794 967 4 142 65 3 48 224 5 429 69 2 123 482 557 56 156 569 4 937 1 134 11 57 8 81 27 1 74 6 5 757 781 1 978 483 191 59 88 1 97 248 527 456 53 326 39 466 41 71 22 948 39 447 128 11 615 577 26 589 371 1 242 18 3 683 766 1 216 859 18 55 14 11 421 359 6 863 65 2295 1 72 268 812 36 9 455 816 4 248 468 5 86 972 12 376 757 942 324 888 9 49 288 7 172 891 1 776 678 99 719 944 326 487 472 (continued)

39 (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 75 67 223 37 434 41 32 585 541 5 47 281 931 77 8 46 545 78 427 7 278 254 347 864 46 472 3 57 154 355 434 2 825 153 326 567 13 978 2 339 724 143 61 2 182 653 13 461 3 39 113 67 2 5 11 567 1 19 2 446 6 278 883 2 159 881 7 836 28 166 24 217 811 15 286 392 7 468 923 1 462 496 175 59 23 519 35 15 2424 7 36 671 1 242 655 159 724 61 474 37 61 437 994 636 987 46 331 37 815 219 841 14 791 4 555 164 21 288 93 16 37 49 3 229 581 663 19 1 219 314 479 1 179 235 24 19 668 389 39 41 621 639 7 34 22 661 (BGN ) Gross value prior to impairment Impairment (under Loans classified as other than standard * IAS 39) past due past due past due Total Standard from 3 to from 9 to over Total loans 9 days 18 days 18 days 1 2 3 4 5 6 68 417 256 54 699 32 3 916 82 1 376 1 8 425 322 5 429 69 557 56 556 1 481 25 1 134 8 81 27 8 81 27 191 1 97 248 92 287 165 58 2 381 9 522 41 71 39 447 128 29 293 365 2 847 488 1 71 394 6 234 881 3 683 766 18 55 14 15 119 11 92 775 32 325 2 18 894 1 72 268 9 455 816 7 321 624 523 894 178 94 1 431 358 757 942 9 49 288 7 797 486 378 881 123 385 749 536 944 326 * The time horizons in the 3, 4 and 5 columns correspond to the periods under the repealed Ordinance No. 9 of the BNB on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk. Data are disclosed for information purposes. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

4 Banks in Bulgaria April June 214 BALANCE SHEET OF GROUP I BANKS AS OF 3 JUNE 214 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 4 28 61 2 773 37 1 353 418 82 155 1 87 744 625 913 38 796 81 35 95 453 4 714 77 536 13 23 3 255 3 211 32 12 989 36 617 988 33 228 67 82 65 3 63 64 697 65 3 63 64 697 3 252 928 1 812 42 684 879 755 647 156 898 136 397 12 468 8 33 3 96 3 1 676 5 672 411 747 614 33 698 155 12 149 374 19 659 93 1 889 688 12 43 4 72 8 358 33 685 725 12 145 32 19 65 735 1 889 688 184 341 5 5 993 132 848 184 341 5 5 993 132 848 3 411 66 3 345 3 411 66 3 345 1 281 55 1 281 186 364 1 261 1 1 26 736 364 2 45 2 45 69 554 69 554 69 554 69 554 123 76 99 641 23 435 25 639 25 545 94 13 1 13 6 94 12 539 12 539 597 748 247 323 343 354 7 71 49 195 49 195 TOTAL ASSETS 44 647 251 19 134 273 22 561 189 2 951 789 (continued)

41 (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 72 333 5 5 55 911 11 372 72 333 5 5 55 911 11 372 38 188 768 2 38 515 15 34 488 2 845 765 2 83 188 27 286 1 645 994 166 98 34 86 176 19 892 992 12 29 332 2 676 852 29 752 29 752 946 837 946 837 268 815 145 237 121 573 2 5 23 873 22 657 1 216 23 873 22 657 1 216 53 856 27 467 8 5 17 889 21 517 8 28 8 5 4 737 17 637 17 637 13 248 96 13 152 1 454 1 454 31 572 31 572 5 144 5 144 26 428 26 428 311 321 214 752 82 35 14 264 38 681 723 2 587 356 15 23 861 2 89 56 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

42 Banks in Bulgaria April June 214 (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 691 242 691 242 691 242 691 242 226 312 226 312 115 27 115 27 12 141 12 141-2 537-2 537 35 526 35 526-2 13-2 13 4 688 45 4 688 45 244 542 244 542 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 5 965 528 5 965 528 44 647 251 26 552 884 15 23 861 2 89 56

43 INCOME STATEMENT OF GROUP I BANKS (June 214) 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 1 69 561 583 71 48 643 5 217 1 295 689 571 819 683 422 4 448 5 5 13 469 4 991 6 866 1 612 2 87 33 2 54 4 268 16 649 13 226 1 393 1 235 676 5526 66 551 25 99 4 134 84 77 3 343 5 36 13 1 536 661 255 713 24 178 4 77 637 637 532 584 255 696 237 353 39 535 3 423 2 825 598 17 17 3 831 3 83 28 1 1 3 83 3 82 28 248 369 199 147 41 343 7 879 23 448 17 136 3 944 2 368 25 224 25 224 14 2 14 2 11 24 11 24 39 244 39 244 128 128 1 227 1 227 28 957 28 957-68 -68 4 354 4 354 2 733 2 733-184 -184 18 195 18 195 7 785 7 785 (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

44 Banks in Bulgaria April June 214 (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 422 596 165 499 257 97 48 38 37 471 8 1 829-183 319 63 319 595 532 319 63 8 8 (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 279 165 34 623 TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations 244 542 TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest 244 542 PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 244 542

45 MEMORANDUM ITEMS OF GROUP I BANKS AS OF 3 JUNE 214 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 16 146 139 61 12 5 8 45 3 831 3 3 4 347 137 2 299 168 1 99 687 948 282 59 649 3 549 884 2 299 168 761 7 489 79 41 864 3 36 147 2 291 78 525 36 489 79 36 149 29 629 6 647 22 982 677 1 982 1 982 35 212 126 1 443 21 683 5 3 797 253 338 68 458 573 17 785 356 649 12 267 254 382 4 785 223 186 148 3 75 183 4 954 217 418 88 41 129 8 8 46 123 76 99 641 23 435 23 42 23 42 7 7 BGN (BGN ) Including Impairment Interest income EUR currencies 36 782 5 13 51 386 21 338 391 1 933 228 3 96 28 1 235 38 338 544 55 779 282 765 615 6 855 3 397 28 341 7 2 457 1 55 816 23 662 543 94 287 74 232 724 23 296 37 52 11 765 21 581 51 5 849 688 14 95 67 825 756 1 973 659 715 83 1 922 36 6 976 838 3 916 838 28 36 1 84 486 478 15 5 93 22 3 117 86 2 772 481 13 635 557 473 24 396 5 18 834 3 859 752 1 144 357 14 725 527 13 273 619 (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

46 Banks in Bulgaria April June 214 (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 38 188 768 2 38 515 15 34 488 2 845 765 532 584 2 284 649 44 96 1 71 83 168 913 16 15 1 52 28 94 37 79 813 166 98 3 793 177 894 137 892 37 997 2 5 17 57 633 57 633 312 997 94 172 77 824 387 11 893 11 477 491 7 296 349 3 37 622 81 52 93 861 11 123 19 7 271 792 3 26 638 59 679 82 587 29 752 29 752 56 324 63 24 557 8 232 219 841 1 714 23 479 791 12 67 26 9 6 199 1 866 332 394 923 626 112 626 112 1 259 32 725 32 725 17 436 Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans (BGN ) Gross value prior to impairment Impairment (under Loans classified as other than standard * IAS 39) past due past due past due Total Standard from 3 to from 9 to over Total loans 9 days 18 days 18 days 1 2 3 4 5 6 36 782 5 29 912 862 1 93 845 612 945 4 325 353 3 96 28 338 544 337 62 1 481 1 615 3 397 28 3 397 28 543 94 384 15 153 532 497 5 5 37 52 21 581 51 16 677 298 1 299 342 46 255 3 144 156 1 973 659 1 922 36 9 117 27 476 49 152 193 1 176 146 1 84 486 5 93 22 4 538 615 317 458 14 214 942 915 557 473 5 18 834 4 578 592 159 32 47 979 233 231 527 13 * The time horizons in the 3, 4 and 5 columns correspond to the periods under the repealed Ordinance No. 9 of the BNB on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk. Data are disclosed for information purposes.

47 BALANCE SHEET OF GROUP II BANKS AS OF 3 JUNE 214 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 3 922 912 2 694 583 1 132 38 96 291 766 587 483 453 237 446 45 688 34 459 2 252 17 872 14 335 91 79 9 727 88 12 64 419 39 474 218 694 31 251 642 776 396 284 245 691 81 2 288 2 287 1 64 488 393 997 245 69 81 1 958 121 848 653 86 842 248 626 94 317 8 723 12 889 75 1 863 84 767 93 847 953 247 921 26 97 57 9 973 818 15 523 511 1 41 178 26 97 57 9 973 818 15 523 511 1 41 178 1 386 95 467 698 776 82 142 432 1 386 95 467 698 776 82 142 432 78 273 7 521 7 752 537 76 529 324 7 752 171 197 171 197 82 332 82 1 322 82 332 82 1 322 213 238 131 839 46 216 35 183 16 633 16 548 6 79 9 86 9 775 6 79 6 773 6 773 329 21 297 686 21 317 118 165 16 165 16 37 99 51 16 258 253 18 843 887 1 997 37 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

48 Banks in Bulgaria April June 214 (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 3 264 1 728 16 751 11 785 3 264 1 728 16 751 11 785 31 359 299 15 87 25 13 554 815 1 997 459 2 868 945 245 39 2 58 929 114 626 27 259 58 15 468 95 9 915 11 1 875 493 418 87 39 41 379 397 6 542 479 553 123 7 34 211 497 13 241 198 256 3 491 92 2 571 3 433 862 2 571 58 58 43 512 29 592 13 681 239 3 336 3 336 9 788 9 788 17 388 3 975 13 174 239 13 12 493 57 12 38 12 38 4 148 4 148 8 16 8 16 49 436 18 159 191 621 37 656 TOTAL LIABILITIES 31 858 31 16 3 812 13 777 788 2 49 71 (continued)

49 (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 3 117 414 3 117 414 3 117 414 3 117 414 193 393 193 393 48 866 48 866 49 146 49 146-19 -19-199 -199-62 -62 1 83 488 1 83 488 78 39 78 39 5 241 2 5 241 2 37 99 51 21 272 12 13 777 788 2 49 71 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

5 Banks in Bulgaria April June 214 INCOME STATEMENT OF GROUP II BANKS (June 214) 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 744 314 431 648 289 16 23 65 92 297 453 29 417 13 31 994 6 136 1 636 3 548 952 9 933 4 93 5 2 28 2 751 6 858 1 968 2 925 842 63 433 574 387 934 2 555 22 398 6 319 9 497 6 582 1 16 64 952 378 542 199 438 162 488 16 616 1 71 2 1 652 47 376 375 199 436 16 65 16 289 461 186 275 5 5 2 599 2 557 33 9 1 8 2 231 231 2 358 2 318 31 9 198 247 147 177 41 83 9 24 31 795 23 446 7 372 977 9 614 9 614 9 74 9 74 112 112-213 -213 11 11 34 355 34 355 1 544 1 544 4 262 4 262 28 49 28 49 59 59 6 72 6 72-316 -316 1 881 1 881-334 -334 14 14 14 14 13 868 13 868 (continued)

51 (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 48 761 182 314 226 447 41 283 28 994 1 293 1 996 6 584 213 26 212 66 4 461 27 65 96 96 5 641 8 488 88 789 1 75 78 39 78 39 78 39 (BGN ) Including BGN EUR currencies Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

52 Banks in Bulgaria April June 214 MEMORANDUM ITEMS OF GROUP II BANKS AS OF 3 JUNE 214 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 188 185 173 68 13 77 87 2 599 4 368 4 15 25 193 2 4 531 661 2 299 2 89 157 422 45 57 759 3 822 85 1 995 762 1 438 57 387 753 49 66 3 66 61 1 987 13 1 231 718 387 753 43 82 34 36 1 34 26 519 3 211 3 211 776 15 913 8 532 142 381 5 229 79 576 24 337 65 587 34 652 8 153 46 268 395 953 1 315 3 7 72 418 17 148 5 571 4 699 1 138 23 89 7 189 24 63 19 638 4 8 213 238 131 839 46 216 35 183 81 399 46 216 35 183 129 129 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 29 45 217 1 765 53 16 831 888 1 448 276 2 137 71 842 63 218 962 1 79 118 172 519 4 652 4 918 118 668 85 3 418 917 83 396 35 19 436 886 186 933 233 783 16 17 4 19 8 786 16 321 156 5 499 919 1 411 241 49 996 1 584 14 472 982 7 1595 4 38 66 2 649 775 191 714 548 861 32 453 3 259 74 1 123 131 2 29 868 16 741 161 998 113 637 3 89 355 3 185 475 619 97 84 973 386 863 26 816 (continued)

53 (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 31 359 299 15 87 25 13 554 815 1 997 459 376 375 2 98 887 251 17 2 543 154 114 626 25 778 1 362 713 136 713 1 13 666 95 334 8 779 41 234 5 718 24 6 11 456 2 55 434 2 5 52 934 76 1 449 56 16 176 1 335 494 7 836 16 273 11 231 85 7 216 231 3 466 48 549 139 77 738 1 887 771 7 194 42 3 144 212 549 139 73 227 31 722 37 31 685 434 312 357 21 774 29 583 4 77 16 277 696 8 26 198 6 691 144 1 326 354 253 874 593 22 479 553 123 13 76 347 664 39 41 3 914 7 34 5 225 (BGN ) Gross value prior to impairment Impairment (under Loans classified as other than standard * IAS 39) past due past due past due Total Standard from 3 to from 9 to over Total loans 9 days 18 days 18 days 1 2 3 4 5 6 29 45 217 22 629 812 1 918 195 737 377 3 759 833 2 137 71 218 962 218 938 24 519 4 918 118 4 918 118 436 886 42 41 1 831 1 884 3 77 4 19 16 321 156 11 351 295 1 51 867 594 373 2 873 621 1 584 14 7 1595 5 721 6 45 497 141 12 882 418 548 861 3 259 74 2 61 441 191 891 69 76 397 332 161 998 3 89 355 3 119 619 213 66 72 44 485 86 386 863 * The time horizons in the 3, 4 and 5 columns correspond to the periods under the repealed Ordinance No. 9 of the BNB on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk. Data are disclosed for information purposes. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

54 Banks in Bulgaria April June 214 BALANCE SHEET OF GROUP III BANKS AS OF 3 JUNE 214 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 386 542 247 728 135 12 3 694 46 567 9 62 36 144 821 4 552 63 3 128 821 42 15 8 999 33 16 734 866 177 942 458 17 98 754 38 38 734 486 177 562 458 17 98 754 4 179 112 478 476 3 63 446 97 19 1 784 157 1 784 157 2 394 955 478 476 1 819 289 97 19 19 825 19 619 26 17 29 17 84 26 2 535 2 535 7 865 7 865 7 865 7 865 9 79 9 79 49 49 9 3 9 3 26 89 22 67 4 52 87 2 12 2 12 TOTAL ASSETS 5 412 677 974 993 4 237 138 2 546 (continued)

55 (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 4 243 572 2 478 1 193 4 243 572 2 478 1 193 5 519 156 1 318 861 3 996 238 24 57 3 213 9 124 414 3 24 27 64 325 2 36 147 1 194 447 971 968 139 732 1 76 1 35 41 421 421 166 166 118 77 41 371 371 693 691 2 681 679 2 12 12 55 636 18 412 27 465 9 759 5 58 84 1 339 571 4 26 224 215 9 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

56 Banks in Bulgaria April June 214 (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 251 251 251 251 1 498 1 498 437 437 1 64 1 64-3 -3-179 38-179 38 9 54 9 54 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY -168 127-168 127 5 412 677 1 171 444 4 26 224 215 9

57 INCOME STATEMENT OF GROUP III BANKS (June 214) 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 71 114 25 449 43 738 1 927 63 194 12 943 49 446 85 616 243 311 62 1 361 865 8 913 583 52 217 11 835 4 222 16 22 838 1 968 11 23 64 21 21 22 81 1 947 11 229 634 7 1 6 14 842 7 35 5 919 1 888 1 966 1 443 397 126 7 449 7 449 7 449 7 449 6 855 6 855 475 475 6 38 6 38 1 799 1 799 16 16 1 93 1 93 14 14 Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group (continued)

58 Banks in Bulgaria April June 214 (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 46 474 18 984 27 49 3 812 2 982 37 793 62 6 477 6 477 6 477 (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 14 289 4 785 TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations 9 54 TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest 9 54 PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 9 54

59 MEMORANDUM ITEMS OF GROUP III BANKS AS OF 3 JUNE 214 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 38 38 2 56 658 186 561 2 275 343 98 754 16 956 363 153 186 561 77 838 98 754 2 11 36 263 186 561 74 948 98 754 2 24 2 89 2 89 77 2 197 55 2 197 55 14 855 28 65 28 65 121 2 168 9 2 168 9 14 734 BGN (BGN ) Including Impairment Interest income EUR currencies 2 5934 519 528 1 971 786 98 72 195 79 46 39 494 872 64 194 338 47 92 271 191 956 117 268 53 449 63 819 2 397 1 544 921 265 97 1 272 523 6 428 125 967 28 794 432 973 135 915 297 37 21 68 921 13 892 292 874 8 251 284 623 38 471 6 855 1499 127 664 12 414 21 3 45 7 37 (continued) Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group

6 Banks in Bulgaria April June 214 (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 5 519 156 1 318 861 3 996 238 24 57 22 811 3 213 9 124 414 3 24 27 64 325 4 589 1 92 413 124 414 93 674 64 325 1 46 2 12 596 2 12 596 3 182 1 1 58 47 773 812 631 821 12 837 3 91 1 58 47 773 812 631 821 12 837 3 91 797 677 42 635 34 147 36 895 14 312 Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans (BGN ) Gross value prior to impairment Impairment (under Loans classified as other than standard * IAS 39) past due past due past due Total Standard from 3 to from 9 to over Total loans 9 days 18 days 18 days 1 2 3 4 5 6 2 5934 2 156 358 67 762 25 778 34 136 195 79 494 872 494 872 191 117 268 115 871 695 72 1 544 921 1 264 772 46 279 16 766 217 14 125 967 432 973 28 843 2 788 9 12 122 33 68 921 292 874 181 568 14 545 5 65 91 111 38 471 1499 99 275 6 243 3 362 31 219 3 45 * The time horizons in the 3, 4 and 5 columns correspond to the periods under the repealed Ordinance No. 9 of the BNB on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk. Data are disclosed for information purposes.

V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks 61 Allianz Bank Bulgaria... 63 Alpha Bank, Bulgaria Branch... 67 BNP Paribas S.A. Sofia Branch... 71 Bulgarian-American Credit Bank... 75 Bulgarian Development Bank... 79 Central Cooperative Bank... 83 CIBANK... 87 Citibank Europe, Bulgaria Branch... 91 Corporate Commercial Bank... 95 D Commerce Bank... 99 DSK Bank... 13 Eurobank Bulgaria... 17 First Investment Bank... 111 ING Bank N.V., Sofia Branch... 115 International Asset Bank... 119 Investbank... 123 IŞBANK AG, Sofia Branch... 127 Municipal Bank... 131 Piraeus Bank Bulgaria... 135 ProCredit Bank, Bulgaria... 139 Raiffeisenbank, Bulgaria... 143 Société Générale Expressbank... 147 TBI Bank... 151 T.C. Ziraat Bank, Sofia Branch... 155 Texim Bank... 159 Tokuda Bank... 163 UniCredit Bulbank... 167 United Bulgarian Bank... 171 Victoria Commercial Bank (former Crédit Agricole Bulgaria)... 175 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks Note: Banks are arranged in alphabetical order, not according to the bank identification code.

ALLIANZ BANK BULGARIA 63 BALANCE SHEET AS OF 3 JUNE 214 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 315 715 138 54 173 988 3 673 26 213 2 78 4 657 776 73 63 44 186 28 811 66 1 459 918 79 94 667 443 83 381 237 39 13 184 119 392 14 733 9 993 9 993 4 638 4 638 885 885 51 942 5 561 1 39 342 2 179 676 1 81 375 995 33 12 971 1 927 97 1 52 18 782 323 93 629 161 161 2 162 2 162 6 197 45 41 8 988 6 168 1 99 49 1 99 382 791 311 99 797 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 69 69 2 368 2 368 16 53 16 53 11 315 11 315 189 186 189 186 2 179 676 1 288 568 791 311 99 797

64 ALLIANZ BANK BULGARIA Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 4 219 26 13 12 85 1 266 48 555 27 471 19 478 1 66 18 948 1 317 8 81 55 2 2 9 447 7 621 1 6 226 87 642 147 18-28 -28 1 231 1 231 64 64 115 115 1 118 1 118 278 278 19 71 1 529 6 417 12 572 1 257 11 315 11 315 11 315

ALLIANZ BANK BULGARIA 65 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 544 578 754 711 75 618 84 249 43 87 5 43 37 291 364 35 86 212 161 43 343 58 1 24 671 33 33 65 87 368 46 196 412 4 269 547 39 325 724 22 678 637 377 1 171 885 24 858 258 1738 153 839 15 82 379 1 927 97 1 52 18 782 323 93 629 55 475 36 55 439 36 36 16 316 16 316 39 123 39 123 928 919 614 838 269 764 44 317 913 61 614 631 254 113 44 317 1 34 17 1 323 14 518 19 14 328 943 576 437 144 457 12 49 312 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

66 ALLIANZ BANK BULGARIA Banks in Bulgaria April June 214 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. 1-276 of 31 July 1998 of the BNB Governor and amended by Order No. 1-515 of 22 November 1999 and by Order No. RD 22-469 of 2 June 22 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-856 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2258 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. 12684 of 1997, lot No. 44383, vol. 487, p. 22; re-entered in the Commercial Register to the Registry Agency, UIC 1281319, certificate No. 2851313424 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. 2/9215 522; 2/9215 487 Website: www.bank.allianz.bg Dimitar Georgiev Zhelev Chairman Maksim Stanev Sirakov Christoph Plein Raymond Seymour Rainer Franz Peter Kisbenedek 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. 79.9 per cent KPMG Bulgaria OOD

ALPHA BANK, BULGARIA BRANCH 67 BALANCE SHEET AS OF 3 JUNE 214 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 235 382 14 19 92 121 3 71 2 21 1-2 367 331 12 367 319 2 935 274 141 853 2 791 973 1 448 17 846 17 846 7 228 7 228 8 364 8 364 7 56 4 161 3 386 13 2 12 2 12 3 581 17 321 687 3 254 8 4 53 26 28 1-12 3 786 32 489 9 3 258 922 38 389 551 551 355 355 13 395 7 36 6 41 318 3 8 647 496 979 3 264 973 38 695 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 52 52-221 934-221 934 2 252 2 252-219 63-219 63 3 581 17 277 349 3 264 973 38 695

68 ALPHA BANK, BULGARIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 4 498 7 712 33 114-328 48 64 7 439 4 584 41 19 634 9 237 9 934 463 5 615 3 23 2 494 98 48 374 3 4 5 667 5 667 436 436 6 6 752 752 24 599 3 158 115 6 533 6 93 3 841 2 252 2 252 2 252

ALPHA BANK, BULGARIA BRANCH 69 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 339 693 18 931 1 157 314 1 448 3 98 1 58 224 1 366 3 179 22 3 157 92 466 43 883 858 522 61 43 95 135 518 295 411 21 292 218 8 68 284 15 138 732 127 45 11 261 21 3 786 32 489 9 3 258 922 38 389 2 893 515 6 2 892 596 859 772 919 6 772 859 2 12 596 2 12 596 235 51 129 893 96 629 8 529 235 51 129 893 96 629 8 529 657 754 359 56 269 697 29 1 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

7 ALPHA BANK, BULGARIA BRANCH Banks in Bulgaria April June 214 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. 1-564 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 831694, certificate No. 28826123 of 26 August 28 Address of the branch 99 Tsarigradsko Shosse Blvd., 1113 Sofia tel. 2/81 355 Website: www.alphabank.bg Management Shareholders (shares over 1 per cent) Auditor Evangelos Dimitrios Lytras Country Manager Sevdalina Ivanova Vassileva Manager Konstantinos Kormentzas Manager Nikolaos Labrakakis Manager Alpha Bank AE, Athens, Greece 1 per cent KPMG Bulgaria OOD

BNP PARIBAS S.A. SOFIA BRANCH 71 BALANCE SHEET AS OF 3 JUNE 214 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 5 78 11 591 39 117 411 411 5 442 2 552 2 89 5 672 74 74 347 459 78 473 5 5 123 123 132 132 479 412 66 1 558 467 9 461 389 532 78 474 417 417 532 14 255 145 245 965 3 994 475 434 41 29 27 2 1 512 2 686 7 78 118 543 537 258 79 253 716 31 112 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 -3-3 16 9 16 9-1 76-1 76 14 93 14 93 558 467 273 639 253 716 31 112

72 BNP PARIBAS S.A. SOFIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 6 572 2 772 3 588 212 5 131 1 794 3 287 5 2 236 1 29 842 14 2 741 1 173 1 267 31 452 293 124 35 2 2 1 292 1 292 96 96 2 2 7 588 124-52 -19-1 69 7-1 76-1 76-1 76

BNP PARIBAS S.A. SOFIA BRANCH 73 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 52 678 74 741 349 465 78 472 27 226 6 172 185 583 78 471 16 771 53 427 53 344 125 666 15 141 11 524 1 15 1 14 15 1 14 532 14 255 145 245 965 3 994 62 233 24 541 33 848 3 844 62 233 24 541 33 848 3 844 339 683 17 711 148 153 2 819 339 683 17 711 148 153 2 819 13 188 59 893 63 964 6 331 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

74 BNP PARIBAS S.A. SOFIA BRANCH Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office By Order No. RD 22-2254 of 28 November 26 of the BNB Governor, the BNP Paribas S.A., Paris, French Republic, was granted a permit to conduct bank transactions in 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. 14557 of 26, lot No. 111317, vol. 154, reg. 1, p. 111; re-entered in the Commercial Register to the Registry Agency, UIC 175185891, certificate No. 2811121456 of 12 November 28 2 Tsar Osvoboditel Blvd., 1 Sofia tel. 2/9218 64; 2/9218 65 Website: www.bnpparibas.bg Management Shareholders (shares over 1 per cent) Auditor 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 Dusan Cvetkovic Deputy Managing Director BNP Paribas S.A., Republic of France 1 per cent Deloitte Audit OOD

BULGARIAN- AMERICAN CREDIT BANK 75 BALANCE SHEET AS OF 3 JUNE 214 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 52 417 12 867 38 147 1 43 36 322 14 692 12 257 9 373 525 5 99 872 364 698 6 435 77 37 77 37 1 633 1 633 3 5 3 5 244 244 4 321 2 91 1 499 731 42 495 42 495 742 857 254 314 416 61 71 942 575 831 249 48 256 28 7 53 9 72 2 285 5 79 1 627 585 533 251 333 262 7 72 13 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 24 691 24 691 37 5 37 5 4 967 4 967 98 554 98 554-7 938-7 938 157 324 157 324 742 857 48 657 262 7 72 13

76 BULGARIAN- AMERICAN CREDIT BANK Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 6 867-65 8 13-631 16 451 3 92 12 962 397 11 25 4 66 5 271 1 94 1 515 1 14 434 67 49 26 22 1 214 214 277 277 4 4-891 -891 696 696 325 325 8 232 1 153 5 449-12 -7 979-41 -7 938-7 938-7 938

BULGARIAN- AMERICAN CREDIT BANK 77 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 642 377 113 216 468 493 6 668 6 76 6 76 62 812 3 13 717 49 92 4 765 4 765 538 645 11 61 425 747 11 297 379 5 536 24 264 279 25 822 2 433 23 115 274 4 257 3 13 1 149 5 575 831 249 48 256 28 7 53 174 733 127 254 39 625 7 854 174 733 127 254 39 625 7 854 41 98 121 794 216 655 62 649 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

78 BULGARIAN- AMERICAN CREDIT BANK Banks in Bulgaria April June 214 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. 1-476 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 22-861 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2271 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. 12587 of 1996, lot No. 35659, vol. 397, p. 18; re-entered in the Commercial Register to the Registry Agency, UIC 121246419, certificate No. 28327112129 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. 2/965 8358; 2/965 8345 Website: www.bacb.bg 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 61.43 per cent Gramercy Select Master Fund, Cayman Islands 35 per cent Ernst & Young Audit OOD

79 BALANCE SHEET AS OF 3 JUNE 214 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 23 586 177 519 26 61 6 1 791 1 791 224 578 64 534 124 721 35 323 1 164 968 43 622 732 41 29 35 6 158 4 177 1 981 16 576 16 576 371 371 87 643 87 643 2 35 2 35 968 751 217 9 685 9 685 1 718 674 767 228 886 812 64 634 1 221 1 221 1 15 433 536 193 414 988 64 252 2 665 2 665 1 637 1 637 1 122 384 738 1 22 78 54 879 416 947 64 252 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 61 774 61 774 661 661 73 163 73 163 2 998 2 998 696 596 696 596 1 718 674 1 237 475 416 947 64 252

8 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 28 675 13 388 14 118 1 169 32 611 12 484 18 88 1 319 6 35 63 5 251 181 31 31 889 321 533 35 2 13 3 4 1 1 632 632 3 3 733 733 26 26 4 8 232-56 753-119 23 331 2 333 2 998 2 998 2 998

81 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 285 992 436 569 819 311 3 112 24 24 598 353 326 46 271 182 765 2 449 2 449 682 434 14 976 548 111 29 347 2 732 2 714 18 1 72 1 72 18 1 12 1 12 1 15 433 536 193 414 988 64 252 354 142 11 2 279 167 63 973 55 77 11 2 24 44 681 11 456 11 456 286 979 279 143 7 836 659 381 523 975 135 127 279 582 766 523 975 58 512 279 76 615 76 615 1 91 1 216 694 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

82 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Order No. 1-78 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 22-842 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2272 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 12185659, certificate No. 284291249 of 29 April 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 1 Stefan Karadzha Str., 1 Sofia tel. 2/936 333 Websites: www.nasbank.bg; www.bbr.bg Atanas Slavchev Katsarchev Chairman Kiril Milanov Ananiev Deputy Chairman Dimitar Kirilov Dimitrov Dimo Evgeniev Spassov Chairman and Chief Executive Director Bilyan Lyubomirov Balev Deputy Chairman and Executive Director Ivan Kirilov Hristov Executive Director Ministry of Finance 1 per cent KPMG Bulgaria OOD

83 BALANCE SHEET AS OF 3 JUNE 214 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 668 879 483 181 172 887 12 811 313 898 212 394 87 73 13 774 217 23 53 182 156 281 7 74 2 216 353 1 2 321 1 13 195 92 131 774 29 93 11 871 83 277 83 277 79 79 84 599 3 2 46 216 35 183 315 39 6 83 135 8 678 2 43 54 3 969 3 969 3 84 111 1 971 123 1 567 524 265 464 1 415 1 415 3 426 241 2 19 353 1 137 415 179 473 29 29 5 53 5 119 347 64 3 442 395 2 114 681 1 137 762 189 952 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 113 154 113 154 79 444 79 444 1 13 1 13 163 488 163 488 4 617 4 617 361 716 361 716 3 84 111 2 476 397 1 137 762 189 952

84 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 45 386 27 295 15 975 2 116 72 171 36 45 32 33 3 463 52 3 765 19 128 2 17 947 942 2 3 19 526 14 654 4 3 842 2 786 1 469 1 232 85 984 984 4 47 4 47 1 239 1 239 898 898 37 852 3 77-1 33 5 13 513 4 617 4 617 4 617

85 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 2 242 698 1 44 775 1 2 9 195 914 17 856 7 852 14 342 8 26 56 22 732 114 12 147 238 91 682 4 88 14 676 1 494 54 71 894 716 61 67 36 24 264 28 291 31 783 19 67 945 42 336 25 563 46 172 319 165 955 6 22 144 3 426 241 2 19 353 1 137 415 179 473 36 591 7 63 26 255 2 76 29 38 347 26 255 2 76 7 283 7 283 1 18 623 8 935 277 388 3 3 1 18 411 8 723 277 388 3 3 212 212 2 29 564 1 3 788 762 39 146 467 71 463 71 463 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

86 Banks in Bulgaria April June 214 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. 1-398 of 11 November 1998 of the BNB Governing Council to conduct bank transactions abroad; Order No. 1-493 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-849 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2256 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. 5227 of 1991, lot No. 334, vol. 4, p. 11; re-entered in the Commercial Register to the Registry Agency, UIC 83144715, certificate No. 2871812 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. 2/9266 266 Website: www.ccbank.bg Ivo Kamenov Georgiev Chairman Central Cooperative Union, represented by Petar Ivanov Stefanov Marin Velikov Mitev Raina Dimitrova Kuzmova Alexander Asenov Vodenicharov Chairman Tsvetan Tsankov Botev Deputy Chairman Georgi Dimitrov Konstantinov 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 68.56 per cent Deloitte Audit OOD

87 BALANCE SHEET AS OF 3 JUNE 214 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 154 75 113 782 31 321 8 972 218 166 141 977 69 973 6 216 1 558 9 573 185 881 336 13 569 65 24 65 24 2 257 2 257 11 866 11 866 895 895 7 451 6 311 1 139 1 2 18 4 915 477 983 769 118 758 1 747 914 691 65 937 154 119 11 737 363 373 1 22 66 9 192 12 59 824 1 771 257 71 25 95 117 119 935 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 227 933 227 933 7 717 7 717 1 39 1 39 9 77 9 77 246 747 246 747 2 18 4 947 952 95 117 119 935

88 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 51 235 31 595 19 626 14 48 454 24 246 23 975 233 14 224 5 563 8 85 576 18 9 12 958 4 747 385 2 89 1 851 1 11 28 286 286 99 99 281 281 32 32 888 888 672 672 3 84 2 137 288 8 299 9 77 9 77 9 77 9 77

89 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 743 569 599 182 1 4 81 13 577 34 48 3 83 31 325 335 885 233 857 12 28 8 463 1 44 7 419 838 85 224 6 611 97 1 515 526 728 37 455 156 239 34 244 421 95 279 149 142 282 37 275 176 7 97 34 1 747 914 691 65 937 154 119 11 594 829 7 34 587 795 326 116 7 34 319 82 268 713 268 713 485 975 36 729 78 87 46 439 479 643 354 397 78 87 46 439 6 332 6 332 667 11 323 887 27 552 72 671 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

9 Banks in Bulgaria April June 214 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. 1-52 of 18 November 1999 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD 22-858 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2255 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. 2757 of 1995, lot No. 665, vol. 12, reg. II, p. 126; re-entered in the Commercial Register to the Registry Agency, UIC 83168632, certificate No. 28227246 of 27 February 28 Address of the head office Management Supervisory Board Management Board Procurator Shareholders (shares over 1 per cent) Auditor 1 Tsar Boris III Blvd., 1612 Sofia tel. 2/929 24; 2/929 111 Website: www.cibank.bg Luc Gijsens Chairman Martin Jarolim Christine Van Rijsseghem Jan Gysels Peter Andronov Chairman and Chief Executive Director Frank Jansen Executive Director Christof De Mil Executive Director Svetla Georgieva Executive Director Hristina Filipova KBC BANK N.V., Kingdom of Belgium 1 per cent Ernst & Young Audit OOD

CITIBANK EUROPE BULGARIA BRANCH 91 BALANCE SHEET AS OF 3 JUNE 214 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 57 468 56 916 435 117 45 732 8 999 36 125 68 192 368 119 763 37 97 35 58 354 992 148 186 22 41 4 396 354 354 99 99 15 664 15 498 99 67 666 677 349 815 276 166 4 696 2 967 2 345 622 638 44 328 139 275 958 33 947 231 231 17 54 4 515 3 822 9 167 658 746 332 885 282 125 43 736 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 251 251-328 -328 8 8 8 8 7 931 7 931 666 677 34 816 282 125 43 736

92 CITIBANK EUROPE BULGARIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 13 87 9 75 2 633 1 379 3 93 1 755 1 834 314 62 326 24 54 3 489 1 26 1 119 1 164 47 345 8 45 645 645 5 677 5 677 437 437 1 1 163 163 138 138 3 964 12 132 8 889 881 8 8 8 8 8 8

CITIBANK EUROPE BULGARIA BRANCH 93 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 357 51 149 395 23 26 4 396 157 1 5 79 11 822 4 389 25 98 65 11 438 7 638 44 328 139 275 958 33 947 63 634 12 778 5 856 63 634 12 778 5 856 574 41 315 361 225 12 33 947 574 41 315 361 225 12 33 947 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

94 CITIBANK EUROPE BULGARIA BRANCH Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the branch Management Board of Directors The Branch applies the EU principle of freedom of establishment in another Member State on the basis of the Single European Pasport The European branch is entered in the Commercial Register to the Registry Agency on 17 December 213, UIC 22861597 48 Sitnyakovo Blvd., Serdica Offices, floor 1, 155 Sofia tel. 2/9175 1; 9175 11 Website: www.citibank.com/bulgaria Stephan Feldstein Governor Stanislava Petkova Taneva Governor Grigoriy Ananiev Ananiev Governor Plamen Nickolov Gonkov Governor Borislava Jereva-Naymushina Governor Lucia Caprita Governor Shareholders (shares over 1 per cent) Auditor Citibank Europe Plc., Republic of Ireland 1 per cent KPMG Bulgaria OOD

95 BALANCE SHEET AS OF 3 JUNE 214 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 144 335 684 68 95 16 156 8 656 1 649 76 468 2 539 696 243 218 422 331 93 146 728 5 541 43 1 158 3 3 971 953 411 87 67 382 67 382 841 841 5 927 5 927 3 395 3 395 356 388 49 774 36 438 176 2 2 6 896 212 1 565 479 4 754 47 576 686 44 44 6 319 331 3 148 235 2 525 552 645 544 244 244 55 385 1 968 42 362 11 55 6 375 4 3 15 447 2 567 914 656 643 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 65 517 65 517 129 312 129 312-5 66-5 66 396 728 396 728-65 283-65 283 521 28 521 28 6 896 212 3 671 655 2 567 914 656 643

96 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 77 357-21 293 13 344-4 694 263 291 58 52 186 727 18 62 28 647 99 371 86 698 22 578 1 994 1 994 1 513 5 314 3 688 1 511 2 526 464 373 1 689 9 85 9 85 1 94 1 94 1 925 1 925 6 6 1 23 1 23 1 427 1 427 37 158 2 893 12 589-65 283-65 283-65 283-65 283

97 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 5 698 413 1 22 758 4 6 323 417 332 524 524 149 173 26 762 51 3 71 111 159 764 149 551 2 886 7 327 5 378 942 1 41 767 3 998 332 338 843 11 2 154 7 85 51 6 246 227 5 984 35 3 764 1 927 1 821 16 6 319 331 3 148 235 2 525 552 645 544 153 974 75 216 78 758 34 222 34 222 33 581 33 581 86 171 4 994 45 177 1 686 515 963 197 454 817 268 51 1 452 734 949 257 454 817 48 66 233 781 13 94 219 841 4 277 25 2 19 822 1 79 34 377 43 21 637 21 637 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

98 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Licensed by Resolution No. 24 of 21 January 1994 of the BNB Governing Council. License updated by: Order No. 1-499 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-44 of 7 September 2 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-584 of 1 December 2 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-859 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2265 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 Resolution No. 73 of the BNB Governing Council of 2 June 214, the members of the Supervisory and Management Boards were removed from office and deleted from the Commercial Register on 23 June 214. By Resolution of the BNB Governing Council of 6 November 214, the license of the Bank was revoked. Since the date of conservatorship to date, the Bank is managed and represented by the conservators indicated below. Legal registration Address of the head office Conservators Shareholders (shares over 1 per cent) Auditor Entered in the Commercial Register by resolution of 6 May 1994 of the Sofia City Court on company file No. 3989 of 1994, lot No. 568, vol. 11, reg. II, p. 29; re-entered in the Commercial Register to the Registry Agency, UIC 831184677, certificate No. 282413235 of 4 February 28 1 Graf Ignatiev Str., 1 Sofia tel. 2/98 93 62; 2/9375 61 Website: www.corpbank.bg Elena Kostadinchev Stanislav Lyutov Bromak EOOD 5.66 per cent Bulgarian Acquisition Company II S.A.R.L 3.35 per cent KPMG Bulgaria OOD

99 BALANCE SHEET AS OF 3 JUNE 214 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 58 36 34 558 22 136 1 342 95 8 21 166 7 31 4 333 322 445 13 76 25 88 13 489 148 297 81 61 59 799 7 437 48 576 48 576 367 367 34 34 93 93 3 484 3 189 78 217 1 981 1 981 679 113 294 11 358 194 26 818 58 544 34 49 218 636 21 499 215 215 6 21 3 731 2 82 388 586 96 344 355 22 718 21 887 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 75 75 1 797 1 797 14 998 14 998 358 358 92 153 92 153 679 113 436 58 22 718 21 887

1 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 14 938 7 343 6 757 838 16 18 5 847 9 344 827 7 623 3 418 4 55 15 4 129 2 252 1 71 176 382 134 233 15 1 259 1 259 943 943 348 348 26 26 22 22 9 232 1 79 4 229 398 4 358 358 358

11 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 339 975 16 894 219 99 13 982 28 564 19 1 9 554 23 279 315 21 19 1 945 439 439 25 285 64 83 174 952 11 25 37 48 23 486 13 135 787 7 462 2 436 5 26 29 946 21 5 8 19 787 58 544 34 49 218 636 21 499 15 287 15 287 15 287 15 287 33 5 213 669 75 116 14 22 32 745 213 49 75 116 14 22 26 26 262 252 111 453 143 52 7 279 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

12 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Order No. 1-11 of 12 March 1999 of the BNB Governor in accordance with the requirements of the Law on Banks. License updated by: Order No. RD 22-862 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2264 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. 3936 of 1999, lot No. 542, vol. 547, p. 178; re-entered in the Commercial Register to the Registry Agency, UIC 12188456, certificate No. 285291732 of 29 May 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 8 General Totleben Blvd., 166 Sofia tel. 2/4641 171 Website: www.dbank.bg Elenka Harizanova Manova Bahattin Gürbüz Emel Fuat Güven Valery Borissov Borissov Anna Ivanova Asparuhova Chair and Executive Director Galabin Nikolov Galabov Executive Director Martin Emilov Ganchev Executive Director Plamen Ivanov Dermendzhiev Fuat Güven (Fuat Hyusniev Osmanov) 66.67 per cent FORTERA EAD, Republic of Bulgaria 33.33% KPMG Bulgaria OOD

13 BALANCE SHEET AS OF 3 JUNE 214 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 76 638 653 693 9 75 16 24 27 674 131 851 54 7 21 123 579 391 24 389 95 279 279 723 6 893 148 3 643 391 2 995 42 254 715 7 514 5 5 95 1 64 319 87 319 87 27 161 27 161 23 55 23 55 48 279 44 13 3 777 372 8 865 947 5 47 257 3 245 453 573 237 1 245 1 245 7 313 145 5 18 42 1 857 12 347 713 9 968 9 968 12 494 12 494 67 931 5 894 16 184 853 7 44 783 5 183 21 1 873 196 348 566 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 153 984 153 984 99 15 99 15 1 84 426 1 84 426 123 739 123 739 1 461 164 1 461 164 8 865 947 6 644 185 1 873 196 348 566

14 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 34 195 21 367 88 989 4 839 32 5 189 66 16 434 5 956 53 581 35 16 17 445 1 12 3 3 59 977 59 977 7 492 7 492-71 -71-6 -6 2 564 2 564-98 -98 1 74 1 74 81 81 98 682 14 891 157 52 96 137 55 13 766 123 739 123 739 123 739

15 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 7 836 361 4 15 997 3 422 871 262 493 9 758 8 277 1 481 76 782 31 453 877 252 595 7 522 29 864 4 658 2 47 187 76 659 1 276 828 9 7 5 2 112 3 351 887 1 6527 198 2 44 399 1 3157 1 13 192 15 2 561 713 2 41 83 519 835 48 7 313 145 5 18 42 1 857 12 347 713 173 31 74 683 3 239 68 19 111 17 42 898 1 68 19 31 785 31 785 7 544 7 544 22 595 22 595 1 323 33 865 313 361 234 96 783 1 299 835 865 313 337 739 96 783 23 495 23 495 5 816 784 4 168 424 1 465 539 182 821 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

16 Banks in Bulgaria April June 214 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 22-882 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 22-843 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2251 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 12183616, certificate No. 2848143126 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. 2/9391 22 Website: www.dskbank.bg Laszlo Bencsik Chairman Laszlo Wolf Deputy Chairman Andras Takacs Gabor Kuncze Zoltan Dencs Violina Marinova Spasova Chair and Chief Executive Director Diana Decheva Miteva Executive Director Dorothea Nikolaeva Nikolova Executive Director Yuriy Blagoev Genov Executive Director OTP Bank RT, Hungary 1 per cent KPMG Bulgaria OOD

EUROBANK BULGARIA 17 BALANCE SHEET AS OF 3 JUNE 214 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 489 832 48 781 63 79 17 261 19 711 16 618 2 729 364 239 586 124 841 59 561 55 184 5 169 287 2 1 826 2 881 51 186 96 51 217 51 217 34 251 34 251 3 141 26 531 1 344 2 266 5 268 5 268 6 39 293 2 768 333 3 8 925 262 35 2 24 1 1 77 253 5 169 775 2 769 425 2 32 895 367 455 3 433 862 2 571 6 347 6 266 81 3 822 3 822 23 142 19 632 2 797 713 5 28 543 2 799 146 2 38 45 37 992 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 452 753 452 753 1 626 1 626 361 838 361 838 14 533 14 533 83 75 83 75 6 39 293 3 629 896 2 38 45 37 992

18 EUROBANK BULGARIA Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 139 419 83 977 51 541 3 91 18 358 96 22 76 435 7 73 78 552 42 958 3 975 4 619 65 65 31 855 23 31 7 353 1 21 7 734 6 78 1 272 384 4 936 4 936 4 756 4 756-2 -2 122 122-21 -21 3 285 3 285 65 552 6 35 686 5 996 16 15 1 617 14 533 14 533 14 533

EUROBANK BULGARIA 19 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 5 591 691 2 339 653 3 38 781 213 257 2 349 1 949 4 1 156 317 127 1 93 231 53 59 61 561 47 486 14 75 2 312 249 1 6 51 1 247 7 59 128 2 59 215 1 274 14 684 5 11 7 1 114 261 442 579 588 493 83 189 944 954 831 561 95 512 17 881 5 169 775 2 769 425 2 32 895 367 455 78 452 12 539 65 196 717 36 6 7 53 28 38 717 25 852 25 852 16 5 36 1 964 1 253 67 677 15 514 383 62 137 1 27 643 677 15 468 356 62 137 3 362 3 362 15 665 15 665 3 714 545 2 54 681 1 355 263 34 61 123 18 25 55 98 53 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

11 EUROBANK BULGARIA Banks in Bulgaria April June 214 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. 1-488 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-845 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2252 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. 1646 of 1991, lot No. 414, vol. 4, p. 91; re-entered in the Commercial Register to the Registry Agency, UIC 694749, certificate No. 2831115427 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: www.postbank.bg Theodoros Karakasis Chairman Anthony Hassiotis Deputy Chairman Nikolaos Aliprantis Christina Theofilidi Anastasios Nikolaou 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 54.27 per cent Eurobank Ergasias S.A., Greece 34.56 per cent CEN Balkan Holdings Limited, Cyprus 11.16 per cent Pricewaterhouse Coopers Audit OOD

111 BALANCE SHEET AS OF 3 JUNE 214 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 1 551 97 1 1 131 434 17 839 8 755 7 53 32 1 193 294 341 126 475 94 95 72 961 6 161 44 1 576 566 4 179 77 45 761 53 635 45 43 8 592 3 411 66 3 345 641 297 64 933 364 13 74 13 74 36 371 12 936 23 435 94 94 73 363 7 56 2 769 88 8 838 345 3 548 781 4 779 785 59 779 8 94 93 4 297 19 3 225 457 571 527 5 21 5 21 21 281 19 98 1 238 135 8 12 575 4 322 218 3 226 695 571 662 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 11 11 97 97 8 979 8 979 479 485 479 485 22 36 22 36 717 77 717 77 8 838 345 5 39 988 3 226 695 571 662

112 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 182 635 69 817 117 987-5 169 254 96 8 549 172 114 1 433 135 72 57 69 69 524 7 858 1 1 48 69 3 78 15 758 1 531 6 492 5 856 361 275 8 293 8 293 7 267 7 267 84 84 7 274 7 274 885 885 1 862 9 376 47 623 24 774 2 468 22 36 22 36 22 36

113 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 6 432 92 1 686 239 4 337 793 48 87 273 182 14 62 593 21 575 25 652 23 866 422 1 364 4 836 51 1 26 986 3 614 853 194 662 1 297 567 635 373 659 925 2 269 682 336 188 898 492 713 725 615 231 446 475 167 212 1 544 8 94 93 4 297 19 3 225 457 571 527 172 324 13 345 65 819 3 16 2 648 51 983 1 155 68 288 38 65 28 218 2 5 16 58 16 58 84 88 64 77 2 11 2 45 94 1 82 537 477 87 18 316 2 312 122 1 813 28 39 598 18 316 29 752 29 752 64 66 7 329 56 737 5 195 14 2 373 227 2 361 826 4651 32 725 32 725 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

114 Banks in Bulgaria April June 214 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. 1-498 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-857 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2257 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. 1845 of 1993, lot No. 11941, vol. 163, p. 16; re-entered in the Commercial Register to the Registry Agency, UIC 83194393, certificate No. 2842191311 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: www.fibank.bg 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 42.5 per cent Tzeko Todorov Minev 42.5 per cent KPMG Bulgaria OOD

ING BANK N.V., SOFIA BRANCH 115 BALANCE SHEET AS OF 3 JUNE 214 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 32 996 32 496 362 138 44 171 18 215 152 31 55 615 33 44 63 246 35 28 11 982 2327 9 271 325 119 26 434 434 132 132 2 721 2 421 296 4 539 593 22 37 264 349 72 874 833 127 123 583 524 257 238 265 19 534 95 458 56 56 13 526 4 17 9 364 145 538 672 242 465 221 96 186 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 412 412 4 4 55 55 921 921 539 593 243 386 221 96 186

116 ING BANK N.V., SOFIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 9 181 5 484 3 128 569 4 786 1 81 2 591 394 128 8 43 5 2 477 1 518 739 22 63 44 159 4 1 137 1 137 539 539 75 75 9 9 889 889 8 44 258-78 561 56 55 55 55

ING BANK N.V., SOFIA BRANCH 117 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 35 853 111 555 2327 9 271 5 95 5 622 4 828 4 5 7 318 7 318 292 585 15 933 181 881 4 771 524 257 238 265 19 534 95 458 184 78 86 938 39 13 58 712 184 78 86 938 39 13 58 712 339 477 151 327 151 44 36 746 339 477 151 327 151 44 36 746 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

118 ING BANK N.V., SOFIA BRANCH Banks in Bulgaria April June 214 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. 1-563 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. 11357 of 1994; re-entered in the Commercial Register to the Registry Agency, UIC 831553811, certificate No. 28618132823 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. 2/9176 4 Website: www.ing.bg 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

119 BALANCE SHEET AS OF 3 JUNE 214 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 137 191 56 198 75 948 5 45 977 886 25 66 5 916 5 64 2 31 657 162 229 79 369 895 58 188 134 264 21 172 14 714 8 378 19 287 19 287 442 442 5 5 27 27 29 21 27 365 1 838 7 7 133 7 133 991 614 367 198 552 422 71 994 899 197 547 98 279 96 72 121 182 182 8 881 5 831 2 224 826 98 26 553 993 281 32 72 947 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 3 36 3 36 51 646 51 646 1 42 1 42 83 354 83 354 991 614 637 347 281 32 72 947

12 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 12 789 6 83 6 299-313 2 433 9 375 1 72 338 14 442 7 891 5 627 924 9 9 5 887 4 192 1 42 293 363 147 196 2 999 999-4 -4 661 661 355 355 9 231 557 1 45 1 596 194 1 42 1 42 1 42

121 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 675 235 354 375 726 58 925 7 397 7 397 168 155 1 87 111 151 55 917 6 9 6 9 454 18 25 322 246 191 2 667 34 264 15 539 18 384 341 12 333 2 525 9 88 21 931 13 14 8 576 341 899 197 547 98 279 96 72 121 15 15 15 15 421 228 29 466 115 698 15 64 418 482 287 72 115 698 15 64 2 746 2 746 426 325 242 514 134 94 49 717 29 34 29 34 7 34 7 34 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

122 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 1-492 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-847 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2263 of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Entered in the Commercial Register by resolution of 6 May 1991 of the Sofia City Court on company file No. 2367 of 1991, lot No. 53, vol. 1, p. 14; re-entered in the Commercial Register to the Registry Agency, UIC 694329, certificate No. 2869113132 of 9 June 28 81 83 Todor Alexandrov Blvd., 133 Sofia tel. 2/812 234; 2/812 366 Website: www.iabank.bg 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

123 BALANCE SHEET AS OF 3 JUNE 214 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 146 385 56 168 87 61 2 67 46 19 31 14 14 915 577 196 245 782 295 115 36 299 973 594 391 912 531 343 5 339 42 951 42 951 44 44 1 558 1 558 11 59 11 93 496 1 26 582 26 582 1 826 279 87 554 929 479 89 246 1 619 172 921 65 611 933 85 589 66 66 35 35 26 762 14 495 11 388 879 1 646 35 936 561 623 321 86 468 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 131 266 131 266 28 333 28 333-9 975-9 975 29 453 29 453 852 852 179 929 179 929 1 826 279 1 116 49 623 321 86 468

124 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 7 814 2 667 5 742-595 31 584 11 26 19 947 431 32 623 15 259 16 175 1 189 61 61 9 887 7 46 2 244 183 94 646 274 2 439 439 2 39 2 39-3 -3 79 79 3 339 3 339 12 25 798 4 813 1 674 852 852 852 852

125 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 984 676 392 95 542 242 5 339 15 66 15 66 112 972 24 4 65 48 322 4 391 155 4 236 662 655 287 88 375 567 152 998 65 192 85 789 2 17 44 445 9 732 34 663 5 18 553 55 46 51 126 1 967 1 619 172 921 65 611 933 85 589 37 7 22 787 14 282 1 1 552 1 55 1 1 19 999 5 718 14 281 15 519 15 519 528 972 419 545 74 417 35 1 528 671 419 244 74 417 35 1 31 31 985 937 424 884 51 475 5 578 27 783 15 24 12 759 39 41 39 41 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

126 Banks in Bulgaria April June 214 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. 1-574 of 27 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-844 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2261 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. 23891 of 1994, lot No. 2164, vol. 261, reg. 1, p. 13; re-entered in the Commercial Register to the Registry Agency, UIC 831663282, certificate No. 28526122145 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. 2/8186 123 Website: www.ibank.bg 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 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 14.56 per cent KPMG Bulgaria OOD

IŞBANK AG, SOFIA BRANCH 127 BALANCE SHEET AS OF 3 JUNE 214 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 2 12 1 831 263 26 8 59 7 151 1 358 112 112 5 5 68 64 4 1 814 2 12 7 418 1 384 11 23 1 37 8 78 1 386 1 1 11 213 1 37 8 79 1 386 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 -399-399 -399-399 1 814 638 8 79 1 386

128 IŞBANK AG, SOFIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 22 14 17 36 186 185 1 93 5 88 12 12 73 35 25 25 32 32 57 49-399 -399-399 -399

IŞBANK AG, SOFIA BRANCH 129 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 8 59 7 151 1 358 2 427 1 69 1 358 6 82 6 82 11 23 1 37 8 78 1 386 8 554 7 726 828 8 554 7 726 828 1 98 892 53 558 1 98 892 53 558 669 145 524 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

13 IŞBANK AG, SOFIA BRANCH Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB IŞBANK AG Sofia Branch is a branch of IŞBANK GmbH, 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 2139377, certificate No. 21111494254 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 Sevil Mehmedova Cherkezova Governor IŞBANK GmbH, Federal Republic of Germany 1 per cent

MUNICIPAL BANK PLC 131 BALANCE SHEET AS OF 3 JUNE 214 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 194 46 65 693 125 5 3 33 85 93 21 963 63 575 365 514 6 328 13 185 192 81 3 781 3 773 8 325 256 155 847 143 629 25 78 92 212 34 36 57 852 48 183 48 183 55 55 1 667 1 667 64 64 6 42 6 273 122 7 1 268 1 268 1 273 338 667 654 575 42 3 264 1 185 239 9 561 261 89 22 869 263 263 15 291 5 399 9 331 561 1 2 793 96 223 271 14 23 43 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 43 498 43 498-5 -5 26 196 26 196 2 91 2 91 72 545 72 545 1 273 338 978 768 271 14 23 43

132 MUNICIPAL BANK PLC Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 23 59 15 371 8 159-21 23 542 11 937 11 537 68 1 192 6 154 3 861 177 322 32 2 5 163 4 536 525 12 922 864 42 16-355 -355 5 62 5 62 9 9 35 35 435 435 13 13 16 621 1 15 2 599 3 274 373 2 91 2 91 2 91

MUNICIPAL BANK PLC 133 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 385 722 191 413 168 529 25 78 33 874 26 734 7 14 33 46 264 7 189 25 593 256 849 127 946 128 716 187 61 953 36 469 25 484 13 618 7 18 6 51 48 335 29 361 18 974 1 185 239 9 561 261 89 22 869 21 6 1 5 21 6 1 5 78 39 616 34 84 474 7 225 77 53 615 354 84 474 7 225 986 986 457 6 284 215 157 746 15 639 19 579 19 579 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

134 MUNICIPAL BANK PLC Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 1-491 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-851 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2259 of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Entered in the Commercial Register by Resolution No. 1 of 4 April 1996 of the Sofia City Court on company file No. 5197 of 1996, lot No. 737, vol. 13, reg. II, p. 138; re-entered in the Commercial Register to the Registry Agency, UIC 12186224, certificate No. 29161436 of 6 October 29 6 Vrabcha Str., 1 Sofia tel. 2/93 111 Website: www.municipalbank.bg Stefan Lazarov Nenov Chairman Zdravko Borisov Gargarov Deputy Chairman Spas Simeonov Dimitrov Sasho Petrov Tchakalski Chairman and Executive Director Ivanka Toteva Popova Deputy Chair Nikolay Mihaylov Kolev Executive Director Radoslav Todorov Milenkov Executive Director Lidiya Spasova Kotseva-Stankova Sofia Municipality 67.65 per cent KPMG Bulgaria OOD

135 BALANCE SHEET AS OF 3 JUNE 214 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 336 84 299 723 32 428 4 689 19 245 15 14 4 15 1 74 1 694 1 2 892 546 591 463 2 187 328 113 755 9 875 9 875 4 798 4 798 5 5 785 785 3 979 3 679 3 3 377 822 1 35 27 2 2256 122 559 153 153 2 758 913 1 13 141 1 581 934 163 838 1 973 1 973 4 994 3 585 1 218 191 2 766 33 1 18 852 1 583 152 164 29 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 316 797 316 797 16 16 313 319 313 319-18 487-18 487 611 789 611 789 3 377 822 1 63 641 1 583 152 164 29

136 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 52 129 5 571 42 715 3 843 8 39 15 215 62 136 2 958 41 931 17 94 22 561 2 276 2 2 13 42 6 859 3 352 3 29 2 111 1 849 212 5 2 264 2 264-68 -68 3 3 269 269 28 28 28 438 3 672 38 56-18 487-18 487-18 487-18 487

137 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 3 16 213 78 591 2 335 425 116 197 655 419 15 4 528 78 21 599 1 122 7 1 115 2 59 775 461 993 1 525 81 71 981 443 897 141 551 279 729 22 617 312 25 5 494 239 291 22 465 131 647 91 57 4 438 152 2 758 913 1 13 141 1 581 934 163 838 685 96 7 33 648 75 29 97 658 533 3 12 625 524 29 97 27 427 4 21 23 226 786 332 59 142 258 747 18 443 786 248 59 58 258 747 18 443 84 84 1 161 588 496 696 549 44 115 488 74 155 74 155 5 878 5 878 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

138 Banks in Bulgaria April June 214 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. 1-53 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-855 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-226 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. 2413 of 1993, lot No. 1559, vol. 194, p. 174; re-entered in the Commercial Register to the Registry Agency, UIC 831633691, certificate No. 28423143423 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. 2/8 4182 Website: www.piraeusbank.bg Athanasios Aristidis Kutsopoulos Chief Executive Director Emil Angelov Angelov Deputy Chief Executive Director Margarita Dobreva Petrova-Karidi Executive Director Ioannis Delis Joanna Apostolos Kouna Georgios Ioannis Poulopoulos Minko Hristov Gerdjikov Krassimira Ivanova Todorova Ioannis Kyriakopoulos Piraeus Bank S.A., Athens, Greece 99.98 per cent Pricewaterhouse Coopers Audit OOD

139 BALANCE SHEET AS OF 3 JUNE 214 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 123 242 65 799 54 49 3 394 28 889 7 917 13 164 7 88 1 92 652 489 585 581 291 21 776 26 977 26 977 3 685 3 685 2 619 2 619 377 377 7 46 6 575 466 5 23 1 23 1 1 38 488 626 535 648 97 32 983 1 127 93 594 593 52 375 3 935 463 463 858 858 18 979 8 574 7 355 3 5 1 148 23 64 488 59 73 33 985 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 135 634 135 634 3 496 3 496-511 -511 1 235 1 235 11 431 11 431 16 285 16 285 1 38 488 764 773 59 73 33 985

14 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 43 191 24 92 17 84 485 46 482 23 684 22 423 375 12 972 6 515 6 38 77 9 222 7 2 1 976 226 627 373 215 39 2 21 2 21 23 23 611 611 73 73 2 299 2 299 27 573 2 442 36 279 12 861 1 43 11 431 11 431 11 431

141 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 126 563 52 956 61 811 21 796 8 888 6 765 2 123 3 1 25 2 796 941 649 464 59 475 467 1 673 11 25 38 242 62 783 84 411 23 28 61 383 16 614 15 214 1 4 1 127 93 594 593 52 375 3 935 64 915 23 592 461 1 262 25 844 5 66 19 516 1 262 9 779 9 779 1 766 1 766 18 526 18 526 446 4 178 865 257 96 9 269 254 542 171 342 73 931 9 269 191 498 7 523 183 975 68 822 392 136 196 282 2 44 8 126 8 126 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

142 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Order No. RD 22-442 of 25 September 21 of the BNB Governor to conduct bank transactions under the Law on Banks. License updated by: Order No. RD 22-1559 of 2 July 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2269 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. 9478 of 21, lot No. 64228, vol. 733, p. 116; re-entered in the Commercial Register to the Registry Agency, UIC 1359816, certificate No. 28418121745 of 18 April 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 26 Todor Alexandrov Blvd., 133 Sofia tel. 2/8135 1; 2/8135 88 Website: www.procreditbank.bg Petar Slavchev Slavov Chairman Christoph Andreas Freytag Claus-Peter Zeitinger Borislav Nikolov Kostadinov Birgit Storz 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 Pricewaterhouse Coopers Audit OOD

143 BALANCE SHEET AS OF 3 JUNE 214 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 548 853 418 388 122 117 8 348 112 238 83 89 26 659 2 49 128 77 68 271 6 499 4 56 465 1 511 44 2 875 632 173 429 56 335 153 739 299 261 17 335 17 252 17 252 8 995 8 995 9 971 9 971 7 79 7 79 35 292 26 965 7 794 533 5 989 25 2 35 153 3 391 962 292 135 1 54 7 168 879 4 968 346 2 153 374 2 59 43 35 929 17 14 13 973 3 164 3 121 393 36 795 71 779 12 819 5 17 933 2 24 149 2 584 154 319 63 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 63 448 63 448 259 529 259 529 18 34 18 34 881 317 881 317 5 989 25 3 85 466 2 584 154 319 63

144 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 157 438 82 968 67 8 7 39 153 198 66 86 79 467 6 871 34 3 13 255 2 316 729 231 231 36 422 24 633 1 291 1 498 6 234 3 622 2 362 25 6 665 6 665 47 47-7 -7 1 135 1 135 142 142 75 553 8 514-37 59 542 5 641 19 777 1 437 18 34 18 34 18 34

145 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 5 52 135 1 617 777 3 26 351 174 7 22 919 11 381 11 538 695 82 22 326 552 4 121 436 19 533 1 19 532 2 743 531 647 192 2 43 88 52 531 1 57 35 936 877 633 433 4 568 513 158 45 41 14 4 1 1 837 778 472 223 329 36 4 968 346 2 153 374 2 59 43 35 929 474 877 47 64 423 39 4 774 53 97 47 64 1 259 4 774 421 78 421 78 1 986 774 1 19 859 723 142 153 773 1 985 64 1 18 689 723 142 153 773 1 17 1 17 2 14 985 996 451 997 152 147 382 187 137 187 137 178 573 178 573 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

146 Banks in Bulgaria April June 214 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. 1-497 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-85 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2254 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. 14195 of 1994, lot No. 18414, vol. 23, p. 38; re-entered in the Commercial Register to the Registry Agency, UIC 831558413, certificate No. 28311142522 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. 2/9198 511 Website: www.rbb.bg Herbert Stepic Chairman Ferenc Berszán Kurt Bruckner Helmut Breit Oliver Roegl Chairman and Chief Executive Director Evelina Miltenova Velikova Executive Director Ani Vasileva Angelova Executive Director Tzenka Kalcheva Petkova 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

147 BALANCE SHEET AS OF 3 JUNE 214 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 329 646 276 719 39 557 13 37 18 8 68 596 16 12 23 31 197 975 111 65 6 242 883 3 139 69 1 32 979 1 677 79 158 3 69 349 69 349 9 917 9 917 11 259 11 259 1 859 1 859 13 37 11 722 1 647 1 3 88 452 1 864 5 1 741 338 275 64 15 397 1 567 13 592 238 3 272 849 1 471 825 1 531 751 269 273 13 18 2 72 163 235 2 23 2 23 72 984 12 651 51 74 8 593 3 376 271 1 49 786 1 67 146 278 339 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 33 674 33 674 45 7 45 7 34 154 34 154 377 18 377 18 14 265 14 265 54 181 54 181 3 88 452 1 994 967 1 67 146 278 339

148 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 81 431 81 431 88 662 88 662 28 94 28 94 367 367 24 69 24 69 4 578 4 578 31 31 5 78 5 78-16 -16 317 317 5 845 5 845 34 976 6 13 6 441 18 61 15 85 1 585 14 265 14 265 14 265

149 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 3 323 974 1 45 328 1 758 328 16 318 6 728 1 554 5 174 276 166 115 843 47 232 113 91 61 673 6 894 53 295 1 484 1 9773 573 24 1 352 239 44 81 1 9 334 78 13 3 388 933 275 193 97 48 177 33 455 734 141 61 65 123 58 478 3 272 849 1 471 825 1 531 751 269 273 315 368 28 47 282 62 4 296 84 178 646 79 236 4 296 2 5 2 5 228 69 25 324 23 366 1 65 18 578 276 437 929 48 813 1 64 984 578 242 437 929 48 813 2 2 14 14 1 84 332 865 79 723 89 216 164 88 131 88 131 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

15 Banks in Bulgaria April June 214 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. 1-49 of 17 November 1999 in accordance with the requirements of the Law on Banks; Order No. RD 22-848 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD 22-2253 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 8137135, certificate No. 28411121833 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: www.sgeb.bg 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 Zdenek Metelak Executive Director Elenka Petrova Bakalova 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 S.A., Republic of France 99.74 per cent Deloitte Audit OOD

151 BALANCE SHEET AS OF 3 JUNE 214 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 35 719 21 767 6 9 7 943 89 69 2 311 713 97 87 11 243 112 663 12 257 4 55 7 752 1 29 968 322 8 1 79 7 849 1 473 525 5 851 1 19 1 19 3716 127 69 17 797 134 61 35 464 88 432 12 84 96 192 58 58 189 189 4 18 3 713 19 448 39 891 92 334 12 917 96 64 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 7 4 7 4-19 -19-17 697-17 697 7 441 7 441 6 125 6 125 3716 152 459 12 917 96 64

152 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 19 442 12 956 2 665 3 821 21 444 12 334 4 414 4 696 6 399 2 628 2 197 1 574 4 265 3 23 514 728 727 632 66 29 756 756-314 -314 347 347 49 49 139 139 118 118 9 7 612 1 7 11 7 441 7 441 7 441 7 441

153 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 344 252 14 52 125 53 115 147 53 16 1 1 883 42 222 113 87 9 143 12 854 9 751 1 883 1 22 16 279 93 43 4 144 62 75 1 398 7 1 328 158 881 93 36 2 816 62 75 35 464 88 432 12 84 96 192 2 314 32 1 973 21 2 314 32 1 973 21 139 47 32 72 57 165 49 81 137 94 3 119 57 165 49 81 1 953 1 953 157 499 56 4 55 98 46 361 6 64 6 64 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

154 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by Order No. RD 22-167 of 13 August 23 of the BNB Governor to conduct bank transactions in Bulgaria and abroad. License updated by: Order No. RD 22-156 of 2 July 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-227 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 22-1651 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. 78318, vol. 927, reg. I, p. 158; re-entered in the Commercial Register to the Registry Agency, UIC 13113423, certificate No. 28317132719 of 17 March 28 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor 52 54 Dimitar Hadzikotsev Str., 1421 Sofia tel. 2/8163 777 Website: www.tbibank.bg Ariel Shalom Hasson Valentin Angelov Galabov Zvi Ziv Tsvetan Stefanov Petrinin Chairman and Executive Director Nora Ivanova Petkova Executive Director Ivan Stefanov Ivanov Executive Director TBIF Financial Services B.V., Kingdom of the Netherlands 1 per cent Ernst & Young Audit OOD

T.C. ZIRAAT BANK, SOFIA BRANCH 155 BALANCE SHEET AS OF 3 JUNE 214 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 7 868 4 74 2 822 342 17 424 17 424 29 385 2 715 24 426 2 244 688 688 75 75 352 352 317 114 21 2 56 19 8 648 44 873 2 588 27 228 7 266 16 79 3 883 5 5 22 22 689 158 52 11 27 989 7 496 16 599 3 894 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 1 365 1 365 26 541 26 541 214 214 28 12 28 12 56 19 35 616 16 599 3 894

156 T.C. ZIRAAT BANK, SOFIA BRANCH Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 1 556 392 1 15 59 1 124 154 965 5 127 3 83 14 4 13 227 7 8 2 4 2 169 169-5 -5 3 3 1 313 121-1 -91 214 214 214 214

T.C. ZIRAAT BANK, SOFIA BRANCH 157 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 31 25 2 96 24 569 3 775 11 17 12 8 881 2 187 18 72 2 48 14 76 1 588 2 8 396 1 612 656 183 473 1 352 213 1 139 27 228 7 266 16 79 3 883 293 97 114 82 293 97 114 82 17 869 5 628 13 2 238 17 869 5 628 13 2 238 9 66 1 541 5 962 1 563 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

158 T.C. ZIRAAT BANK, SOFIA BRANCH Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration By Order No. 1-218 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 22-228 of 25 October 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD 22-2274 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 22-2274 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 12174731, certificate No. 2851122735 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: www.ziraatbank.bg Kazim Gündoğar President Fazilet Çavdar Vice-president T.C. Ziraat Bank (T.C. Ziraat Bankasi A.Ş.), Republic of Turkey 1 per cent BDO Bulgaria OOD

159 BALANCE SHEET AS OF 3 JUNE 214 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 17 782 15 591 1 896 295 26 359 6 985 13 51 5 873 54 491 26 554 24 121 3 816 16 266 16 266 2 88 2 88 45 45 2 389 2 383 6 12 3 12 3 132 548 83 4 39 524 9 984 98 42 53 672 35 61 8 76 654 654 1 199 755 318 126 99 895 55 81 35 928 8 886 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 27 995 27 995 4 738 4 738-11 -11 3 3 32 653 32 653 132 548 87 734 35 928 8 886

16 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 5 941 4 752 1 18 171 2 961 1 582 1 92 287 778 468 24 16 2 2 725 576 146 3 28 179 16 13 1 467 1 467 31 31 1 1 51 51 1 728 1 728 48 48 5 116 51 285 3 3 3 3

161 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 55 13 27 48 24 266 3 816 14 39 1 39 9 537 3 814 6 168 4 365 1 83 22 927 11 83 11 122 2 11 645 9 841 1 84 877 263 614 1 768 9 578 1 19 98 42 53 672 35 61 8 76 54 481 26 37 21 532 6 912 54 481 26 37 21 532 6 912 2 161 14 148 5 138 875 2 158 14 145 5 138 875 3 3 23 4 13 487 8 94 973 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

162 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 1-57 of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-852 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2268 of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Entered in the Commercial Register by resolution of the Sofia City Court on Company file No. 2413 of 1992, lot No. 4542, vol. 89, p. 18; re-entered in the Commercial Register to the Registry Agency, UIC 45344, certificate No. 28528152148 of 28 May 28 141 Todor Alexandrov Blvd., 139 Sofia tel. 2/935 55; 2/935 51; 2/935 7 Website: www.teximbank.bg Apostol Lachezarov Apostolov Chairman Milen Georgiev Markov Deputy Chairman Pavlina Georgieva Naydenova Iglika Dimitrova Logofetova Chair Ivaylo Lazarov Donchev Deputy Chairman and Executive Director Maria Petrova Vidolova Executive Director Temelko Valentinov Stoychev Executive Director Rumiana Stoilova Ruskova Dimitar Iliev Zhilev Finance Consulting AD 19.95 per cent Deloitte Audit OOD

163 BALANCE SHEET AS OF 3 JUNE 214 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 9 12 39 758 49 486 876 32 584 12 883 19 263 438 165 164 1 29 51 96 527 17 37 5 676 76 61 4 12 31 95 4 549 6 855 6 855 586 586 25 25 22 22 1 279 1 236 43 7 545 7 545 425 292 25 73 28 5 11 539 367 394 198 987 156 68 12 339 257 257 13 13 1 682 299 1 354 29 369 463 199 673 157 422 12 368 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 68 68-9 778-9 778-2 393-2 393 55 829 55 829 425 292 255 52 157 422 12 368

164 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 5 993 3 27 2 742 224 9 432 4 99 5 19 314 5 529 2 761 2 631 137 4 4 1 927 1 496 381 5 168 138 27 3 11 11 733 733-436 -436 19 19 5 444 245 2 697-2 393-2 393-2 393-2 393

165 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 224 6 16 86 11 963 6 777 2 2 6 116 178 2 136 3 82 6 6 1 95 4 955 1 18 229 8 396 96 932 2 91 32 175 25 171 6 94 64 5 824 3 758 2 66 26 351 21 413 4 874 64 367 394 198 987 156 68 12 339 13 51 52 13 51 52 127 984 89 418 35 326 3 24 127 984 89 418 35 326 3 24 239 37 19 569 12 691 9 47 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

166 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 1-571 of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-147 of 3 January 23 of the BNB Governor to conduct bank transactions abroad; Order No. RD 22-854 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2267 of 16 November 29 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 1 per cent) Auditor Entered in the Commercial Register by Resolution No. 748 of 29 January 22 of the Plovdiv Regional Court on company file No. 4463 of 21, lot No. 31, vol. 23, p. 122; re-entered in the Commercial Register to the Registry Agency, UIC 813155318, certificate No. 2832692111 of 26 March 28 21 George Washington Str., 1 Sofia tel. 2/437 9; 2/437 985 Website: www.tcebank.com International Hospital Service Co. Japan, represented by Eiji Yoshida Arthur Stern Dimitar Stoyanov Vuchev Vanya Georgieva Vasileva Chair and Executive Director Kiril Dimitrov Pendev Executive Director Boyan Nikolov Ikonomov Executive Director Dimitar Hristov Slavchev International Hospital Service Co., Japan 99.53 per cent Deloitte Audit OOD

167 BALANCE SHEET AS OF 3 JUNE 214 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 1 183 221 73 349 462 721 17 151 117 687 11 393 94 47 11 887 65 3 63 64 697 1 511 251 1 194 762 68 163 248 326 9 871 97 3 475 416 5 834 157 561 524 123 192 123 192 29 631 29 631 23 199 23 199 49 4 49 4 18 643 18 643 87 875 63 61 19 164 5 65 13 26 1 5 749 61 6 543 39 967 73 7 544 3 43 55 786 11 328 1 821 682 4 799 68 5 139 141 883 473 23 873 22 657 1 216 35 625 9 236 8 5 17 889 13 877 13 877 149 449 132 43 14 983 2 63 11 115 5 4 958 14 5 241 67 915 969 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 285 777 285 777 2 552 2 552 1 727 337 1 727 337 129 384 129 384 2 145 5 2 145 5 13 26 1 7 13 64 5 241 67 915 969

168 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 337 119 26 927 121 61 9 131 294 787 128 675 153 37 12 85 77 538 26 214 45 15 6 174 1 222 1 222 88 354 7 898 14 756 2 7 4 965 2 913 1 852 2 5 798 5 798 22 492 22 492 4 354 4 354-498 -498 31 31 3 831 3 831 1 19 1 19 114 433 13 842-427 65 413 143 858 14 474 129 384 129 384 129 384

169 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 1 741 84 3 79 924 6 365 54 584 656 32 88 41 45 261 358 1 21 265 35 98 618 36 276 925 173 34 59 514 98 915 14 65 6 652 22 2 279 269 4 15 618 267 333 2 411 757 1 14 711 1 281 253 25 793 1 651 44 811 628 827 113 12 699 76 317 293 83 454 14 13 94 1 821 682 4 799 68 5 139 141 883 473 1 217 624 62 37 1 86 921 68 666 473 254 25 93 379 495 68 666 744 37 36 944 77 426 4 772 3 2 733 687 1 757 843 28 77 4 769 12 2 73 399 1 757 843 28 77 3 288 3 288 4 611 61 2 3 344 2 73 68 534 37 22 697 22 697 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

17 Banks in Bulgaria April June 214 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. 1-485 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-841 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2249 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 831919536, certificate No. 282189731 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. 2/9232 111 Website: www.unicreditbulbank.bg Robert Zadrazil Chairman Alberto Devoto Deputy Chairman Heinz Meidlinger Dimitar Georgiev Zhelev Simone Marcucci Mauro Maschio Gerhard Deschkan Levon Karekin Hampartzumian Chairman and Chief Executive Director Andrea Casini Deputy Chairman and Executive Director Emilia Stefanova Palibachiyska Chief Financial Officer Michele Amadei Tsvetanka Georgieva Mintcheva Patrick Josef Schmitt UniCredit Bank Austria AG, Republic of Austria 99.45 per cent Deloitte Audit OOD

171 BALANCE SHEET AS OF 3 JUNE 214 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 568 446 255 78 297 897 14 769 672 972 473 49 155 189 44 293 171 72 68 354 95 439 7 99 5 231 463 2 295 998 2 678 864 256 61 44 153 44 153 4 649 4 649 8 719 8 719 3 57 3 57 31 843 19 852 11 26 785 49 193 49 193 6 786 647 3 223 695 3 238 595 324 357 5 375 125 5 64 517 2 955 683 2 287 326 397 58 8 19 8 19 17 275 9 579 7 538 158 5 666 311 2 973 656 2 294 989 397 666 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 75 964 75 964 9 547 9 547 1 429 1 429 34 396 34 396 1 12 336 1 12 336 6 786 647 4 93 992 2 294 989 397 666

172 Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 168 255 117 883 49 262 1 11 181 465 114 433 64 84 2 192 61 823 37 422 21 361 3 4 611 586 25 41 456 32 178 7 141 2 137 1 973 411 1 358 24 2 119 2 119 7 65 7 65-1 342-1 342-393 -393 4 183 4 183 3 653 3 653 71 461 7 378 87 51 18 38 311 3 915 34 396 34 396 34 396

173 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 6 73 245 2 661 468 3 151 9 259 877 25 454 5 528 19 926 1 66 878 7 941 814 327 244 61 114 122 24 279 89 843 2 666 21 741 7 1 99 976 15 218 2 2 59 1 882 713 317 828 49 1 122 781 86 276 316 479 26 1 77 89 1 76 437 1 349 23 5 64 517 2 955 683 2 287 326 397 58 567 696 89 625 449 93 28 978 465 19 25 86 41 235 28 978 43 599 33 82 9 779 59 78 29 999 29 79 1 289 46 913 615 319 641 56 15 1 289 46 913 615 319 641 56 15 3 579 637 1 952 443 1 314 814 312 38 23 778 23 778 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

174 Banks in Bulgaria April June 214 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Licensed by resolution of 25 February 1991 of the BNB Governing Council. License updated by: Resolution No. 34 of the BNB Central Management to conduct bank transactions in Bulgaria and abroad; Order No. 1-487 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-1558 of 2 July 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-225 of 16 November 29 in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Entered in the Commercial Register by Resolution No. 376 of 1992 of the Sofia City Court on company file No. 31848 of 1992, lot No. 376, vol. 8, p. 15; re-entered in the Commercial Register to the Registry Agency, UIC 694959, certificate No. 2852212529 of 22 May 28 Address of the head office Management Board of Directors Shareholders (shares over 1 per cent) Auditor 5 Sv. Sofia Str., 14 Sofia tel. 2/811 28 Website: www.ubb.bg Stilian Petkov Vatev Chairman and Chief Executive Director Radka Ivanova Toncheva Executive Director Konstantinos Andonios Bratos Teodor Valentinov Marinov Anastasios Nikiforos Lizos Panagiotis Karandreas Pavlos Konstantinos Mylonas National Bank of Greece 99.91 per cent Deloitte Audit OOD

VICTORIA COMMERCIAL BANK* 175 BALANCE SHEET AS OF 3 JUNE 214 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 2 548 137 9 558 953 11 329 437 1 892 274 983 7 665 19 93 13 415 5 88 5 88 4 631 4 631 2 173 1 81 361 2 23 211 23 211 342 683 116 599 211 714 14 37 313 72 114 714 184 665 13 693 281 281 18 18 4 591 2 678 1 563 35 317 962 117 691 186 228 14 43 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 92 91 92 91 22 22-56 257-56 257-11 333-11 333 24 721 24 721 342 683 142 412 186 228 14 43 * Former Crédit Agricole Bulgaria

176 VICTORIA COMMERCIAL BANK Banks in Bulgaria April June 214 INCOME STATEMENT (June 214) 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 7 898 2 14 5 822-28 9 632 2 571 6 953 18 2 875 1 35 1 69 15 16 16 1 269 652 61 16 249 25 42 2-13 -13 258 258-42 -42-139 -139 124 124 83 83 7 911 943 8 299-2 66-11 321 12-11 333-11 333-11 333

VICTORIA COMMERCIAL BANK 177 LOANS AND ATTRACTED FUNDS AS OF 3 JUNE 214 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 327 67 78 579 235 73 13 415 11 248 36 655 1 233 187 19 5 284 133 643 3 182 128 71 27 935 1 775 12 246 11 69 9 556 26 464 16 245 1 219 313 72 114 714 184 665 13 693 124 2 27 97 2 34 823 27 7 823 89 179 89 179 87 949 59 55 26 328 2 71 87 949 59 55 26 328 2 71 71 846 28 164 32 6 11 622 29 275 29 275 Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks

178 VICTORIA COMMERCIAL BANK Banks in Bulgaria April June 214 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. 1-1112 of 8 September 1997 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD 22-86 of 7 May 27 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2266 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. 21376 of 1994, lot No. 2768, vol. 253, p. 168; re-entered in the Commercial Register to the Registry Agency, UIC 831595828, certificate No. 2884152653 of 4 August 28 Address of the head office Management Board of Directors Shareholders (shares over 1 per cent) Auditor 2 Knyaginya Maria-Louisa Blvd., fl. 5, 1 Sofia tel. 2/8951 24 Website: www.tbvictoria.bg Krasimir Georgiev Chairman and Executive Director Bozhidar Ivanov Arshinkov Executive Director Evgenia Dimitrova Stoyanova Boyka Markova Vasileva Stefka Tinkova Zagorova Corporate Commercial Bank AD, Republic of Bulgaria 1 per cent Ernst & Young Audit OOD Note: As of the date of the statement (19 December 214) the Bank is under special supervision and is temporarily managed by Hristina Ivanova Stamova and Bozhidar Ivanov Arshinkov conservators.