BANKS IN BULGARIA JANUARY MARCH 2018

BANKS IN BULGARIA JANUARY MARCH 2018

Banks in Bulgaria January March 2018 BULGARIAN NATIONAL BANK

2Banks in Bulgaria January March 2018 Bulgarian National Bank, 2018 1000 Sofia, 1, Knyaz Alexander I Square Website: www.bnb.bg This issue includes materials and data received by 13 July 2018 (Sections II V) and by 17 July 2018 (Section I). The contents of the Banks in Bulgaria quarterly bulletin may be quoted or reproduced without further permission. Due acknowledgment is requested. ISSN 1313 4388 (print) ISSN 2367 4989 (online)

Contents 3 I. State of the Banking System... 5 II. Methodological Notes... 21 III. Banking Supervision Regulation... 23 IV. Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups... 25 V. Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data... 51 Banks in Bulgaria January March 2018

4Banks in Bulgaria January March 2018 Abbreviations BGN The Abbreviation of the Redenominated Lev BRF Bank Resolution Fund BNB Bulgarian National Bank CIU Collective investment undertakings Core ROA Core Return on Assets FSC Financial Supervision Commission FVC Financial Vehicle Corporations HHI Herfindahl-Hirschman Index (Market Concentration Index) KTB Corporate Commercial Bank NSI National Statistical Institute PPF Professional Pension Fund ROA Return on Assets ROE Return on Equity RWA Risk Weighted Assets UPF Universal Pension Fund VPF Voluntary Pension Fund VPFPS Voluntary Pension Fund with Professional Schemes

I. State of the Banking System (first quarter of 2018) 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... 7 1.3. Credit Operations... 8 1.4. Deposits... 9 1.5. Balance Sheet Equity... 10 2. Banking System Risk Profile... 10 3. Developments in Major Risks to the Banking System... 13 3.1. Asset Quality... 13 3.2. Profitability...15 3.3. Regulatory Capital... 16 3.4. Liquidity... 19 State of the Banking System

7 1. The Banking System: Structure and Trends 1 1.1 Dynamics by Bank Group In the first quarter of 2018 banking system assets decreased slightly by 0.2 per cent to reach BGN 97.6 billion at the end of March. The market share of the five largest banks 2 accounted for 59.1 per cent (against 55.9 per cent at the end of December 2017). The market share of domestic banks in total bank assets declined to 21.9 per cent by end-march, with EU bank subsidiaries and EU bank branches changing slightly their shares to 72.7 and 2.4 per cent, respectively. The share of non-eu banks rose to 2.9 per cent. State of the Banking System Chart 1 Market Shares of Domestic and Foreign Banks Note: The sum total may not add up to 100 per cent due to rounding. Source: the BNB. 1.2. Structural Changes in the Banking System Balance Sheet Within the structure of banking system assets, the following changes were observed between January and March 2018: More essential growth was recorded in the share of loans and advances (from 61.0 to 63.0 per cent) compared with previous quarters dynamics. 1 Data on the banking system and bank groups are based on the reports as of 31 March 2018, published on the BNB website with the March 2018 press release. Information on individual banks is based on updated and revised data obtained prior to the publication of this issue. 2 Developments in the five largest credit institutions and domestic banks reflected the merger of CIBANK into the UBB and the acquisition of Municipal Bank by a foreign investor.

8Banks in Bulgaria January March 2018 Cash, cash balances at central banks and other demand deposits declined from 19.9 to 18.9 per cent. Securities portfolios also decreased (from 14.2 to 13.4 per cent). Chart 2 Structure of Banking System Assets at the End of the Corresponding Period (per cent) Note: The sum total may not add up to 100 per cent due to rounding. Source: the BNB. 1.3. Credit Operations Over the reviewed quarter gross credit portfolio (excluding loans and advances to central banks and credit institutions) increased by BGN 921 million (1.6 per cent) to BGN 57.0 billion. Loans to nonfinancial corporations and households increased most significantly in absolute terms (by BGN 444 million and BGN 419 million, respectively). Credit to other financial corporations went up BGN 67 million, while that to the general government sector dropped by BGN 9 million. The share of lev-denominated loans in the credit portfolio continued to increase to reach 61.3 per cent at the end of March (60.9 per cent at the end of December 2017). Loans in euro declined to 37.0 per cent, from 37.5 per cent three months earlier.

9 Chart 3 Structure of Gross Loans and Advances as of 31 March 2018 State of the Banking System Source: the BNB. 1.4. Deposits Over the first quarter of 2018 banking system deposits decreased by BGN 56 million (0.1 per cent) to reach BGN 83.7 billion by end-march. Declines were reported in non-financial corporations deposits (by BGN 358 million) and credit institutions deposits (by BGN 262 million), unlike household deposits increasing by BGN 339 million and general government sector s and other financial corporations deposits growing by BGN 181 million and BGN 43 million. The foreign currency structure shows lev-denominated deposits rising from 57.3 to 57.8 per cent and euro deposits falling from 34.4 to 33.9 per cent. Chart 4 Structure of Deposits by Sector as of 31 March 2018 Note: The sum total may not add up to 100 per cent due to rounding. Source: the BNB.

10 Banks in Bulgaria January March 2018 1.5. Balance Sheet Equity At the end of March banking balance sheet equity was BGN 12.0 billion. 2. Banking System Risk Profile The situation in the external and internal economic environment continues to affect favourably banking system operations. In the second and third quarters of 2018 real GDP growth is expected to gradually accelerate on a quarterly and annual basis, with private consumption and corporate investment growth contributing most significantly to it. 3 Economic growth in terms of private consumption is likely to accelerate in the context of further increasing employment and wage outlooks and improved assessments of households of their financial position and general economic situation in Bulgaria. Investment growth reflects optimistic expectations of corporations about the future situation in the business climate and demand for their products. Risk to the asset quality Economic environment characteristics create conditions for strengthening credit demand. Low lending interest rates and increased income and profits have pushed up potential borrowers propensity to finance an increasing share of consumption and investments by borrowed funds. Bank credit supply has also increased under the influence of banking system liquidity and strengthened risk appetite of credit institutions. Upward trends in household income and corporate profits have contributed to the mitigation of the residual (potential) credit risk in the banking balance sheet. It has been achieved, of the one part, by the improved capacities of borrowers to service regularly their obligations. Bank sales and write-offs of non-performing loans appear to be additional drivers for reducing the residual credit risk in bank balance sheets. Macroeconomic environment developments have also played an important role for the future position of credit portfolios. This has been achieved through the level of adequacy of bank decisions as regards the speed of credit expansion and requirements applied to potential borrowers. Bank claims on non-financial corporations have increased slower than credit to households, with housing lending appearing to be the fastest-growing segment in the credit market, contributing most significantly to the rise in claims on the non-government sector in 2017. 3 See Economic Review, 1/2018: http://www.bnb.bg/bnbweb/groups/public/ documents/bnb_publication/pub_ec_r_2018_01_en.pdf

11 So far, the credit expansion has been broadly moderate, its rates staying close to the nominal GDP growth rates, as seen in safeguarding the levels of the credit-to-gdp ratio. Nevertheless, it cannot be excluded that a heigthened level of a potential credit risk may appear in individual segments of the credit market. Such an effect can arise, for example, from the pro-cyclical impact of the property market on credit activity. The increased prices of real estate have affected the loan-to-value (LTV) ratio even in the context of significant growth in credit, thereby creating conditions for risk underestimation and excessive credit growth. In addition, given the correlation between real estate prices and credit activity dynamics, a possible future increase in housing prices at rates higher than those of income may signal a potential rise in household indebtedness which, in turn, could affect their capacity to service existing obligations. Housing price dynamics requires that banks should also devote more attention to guarantee early identification of and adequate reactions to potential imbalances which could jeopardise the stability of some sectors in the real economy and the banking system. The macroprudential reaction can be expressed in both enhanced risk monitoring and use of various macroprudential tools. Results of the bank lending survey 4 conducted by the BNB in the fourth quarter of 2017 suggest that credit standards remained broadly unchanged for small and medium-sized enterprises and were slightly eased for large customers. Housing credit standards were eased for consumer loans and retained for housing loans. IFRS 9 implementation coincides with the cyclical upturn. Banks are challenged to avoid underestimation of the risk arising from any factors and processes in the economic environment which could reduce borrowers capacity to service their debt on a regular basis. Incorporating such risks into bank credit decisions would limit possible negative effects on the asset quality, which could potentially emerge from such economic environment developments. State of the Banking System Risk to the capital position The capital position of the banking sector continues to be marked by a significant capital surplus above the regulatory requirements for the capital adequacy and leverage ratios. If lending increases which will result in a larger share of higher-riskweighted assets and relevant growth in total risk weighted assets, a decrease may be expected in capital adequacy ratios. Given the increased willingness of banks to lend, a possible asset expansion at 4 See Economic Review, 1/2018: http://www.bnb.bg/bnbweb/groups/public/ documents/bnb_publication/pub_ec_r_2018_01_en.pdf

12 Banks in Bulgaria January March 2018 rates exceeding those of capital changes would lead to a decline in the leverage indicator, as well. Banks are challenged to ensure that lending growth will either accelerate at moderate rates or be accompanied by actions to provide additional capital so as to prevent rapid erosion of the capital position. Furthermore, favourable economic developments provide a good opportunity to further reinforce the capacity of facing up to a potential credit risk. Risks to profitability Though the low rate environment continues to exert a pressure on banking interest income, credit institutions have managed to obtain comparatively high returns. The main contributors are low prices of attracted funds and the upward trend in the share of fees and commissions in operating revenue. Increased lending is expected to result in higher interest income of the banking sector. In case of future increases in interest levels, interest rate margins are likely to expand due to the rise in return on assets outpacing the cost of borrowing. A potential increase in profits and profitability indicators means that banks would then need to decide what portion of their financial result can be distributed in the form of dividends. Bank decisions in that respect should support their own funds through retaining a sufficient amount of profits to avoid a strong decline in the capital surplus above the regulatory requirements in the context of growing bank lending and relevant growth in risk weighted assets. Funding and liquidity risk Acceleration of lending rates would affect both the size of capital requirements and the banking sector liquidity position. Credit institutions will face the dilemma whether to keep the current degree of liquidity coverage of attracted funds and the loans-to-deposits ratio correspondingly, or to increase the share of loans in assets. It cannot be ruled out that the degree of liquidity coverage of attracted funds in the system and in individual credit institutions may decrease as a result of transformation of a portion of liquid assets into instruments of higher profitability, which do not qualify as level 1 liquid assets. The change in the role of down payment in financing consumption would also lead to a change in the loans-to-deposits ratio. These developments do not necessarily mean liquidity risk sharpening but outline a situation different from this in recent years.

13 3. Developments in Major Risks to the Banking System 3.1. Asset Quality In the first quarter of 2018 the dynamics in the quality of assets suggested the following: the gross and net amount of non-performing loans, the shares of non-performing loans and advances and restructured loans continued to decline; the downward trend in banking system credit risk levels across institutional sectors was sustained; the quality of investment in assets, other than loans (securities and placements in banks), for which the domestic environment is the main risk, remained good; the total amount of risk exposures grew as a result of both higher lending and regulatory changes; the banking system stability increased as a result of the improved quality of assets and the high level of capital indicators. State of the Banking System risk exposures rose 5.0 per cent to BGN 54.7 billion over the quarter, particularly credit risk exposures to the central government or central banks and those to institutions. The distribution among major risks (credit, operational, position, foreign exchange and commodity) did not experience essential changes. Gross non-performing loans and advances decreased by 7.0 per cent (BGN 577 million) to BGN 7.7 billion from end-december 2017. The share of banks non-performing loans and advances 5 decreased by 0.9 percentage points to 9.3 per cent at the end of March 2018, with three-month growth in gross loans and advances (by 1.7 per cent, BGN 1.4 billion) also contributing to this effect. Net non-performing loans and advances, representing the residual (potential) credit risk in banks balance sheets decreased by 15.1 per cent to BGN 3.6 billion and by the end of March 2018 accounted for 4.6 per cent of net loans and advances. 6 5 The share of gross non-performing loans and advances in total gross loans and advances is calculated using the European Banking Authority methodology AQT_3.2 Level of non-performing loans and advances (NPL ratio), published in the EBA Risk Indicators Methodological Guide: http://www. eba.europa.eu/documents/10180/1380571/eba+methodological+guide+- +Risk+Indicators+and+DRAT.pdf/02c01596-51224d45-ac3e-23eb2f79f032 6 Net non-performing loans and advances are calculated using the EBA methodology: gross non-performing loans and advances less the accumulated impairment for this category. The share of net non-performing loans and advances is calculated using the net value of both non-performing loans and advances and total loans and advances.

14 Banks in Bulgaria January March 2018 At the end of March 2018 the capital exceeding the regulatory minimum of 8 per cent and set capital buffers covered entirely net non-performing loans in the banking system (residual credit risk). Chart 5 Share of Non-performing Loans and Advances in Loans and Advances of the Banking System (per cent) Source: the BNB. With the implementation of the IFRS 9 as of early 2018 and the requirement for measurement of expected credit losses against the end of 2017, the impairment of performing and non-performing loans and advances posted an increase. The total accumulated impairment in the banking system was BGN 4.8 billion at the end of the quarter. Gross non-performing loan and advance impairment coverage rose to 53.7 per cent, from 49.3 per cent at the end of 2017. Over the first quarter the quality of balance sheet items other than loans remained good with a high share of the most liquid balance sheet aggregate of cash, cash balances with central banks and other demand deposits. Securities carried no high risk or impairment since most were issued by the general government sector. The share and volume of capital instruments remained insignificant. Claims on credit institutions rose over the quarter, with their dynamics driven by a decline in resident and an increase in non-resident credit institutions. The share of latter prevailed.

15 Chart 6 Structure of Non-performing Loans and Advances by Sector as of 31 March 2018 State of the Banking System Note: The sum total may not add up to 100 per cent due to rounding. Source: the BNB. 3.2. Profitability Banks profit amounted to BGN 267 million at 31 March 2018. Return on assets (ROA) was 1.10 per cent and return on balance sheet equity (ROE) 8.88 per cent. Net interest margin (net interest income to gross interest bearing assets) was 3.12 per cent. Chart 7 Profitability Indicators (per cent) Source: the BNB.

16 Banks in Bulgaria January March 2018 At the end of March 2018 the total net operating income of the banking system was BGN 852 million, down BGN 23 million or 2.6 per cent from the first quarter of 2017. Chart 8 Net Operating Income Structure (per cent) Note: The sum total may not add up to 100 per cent due to rounding. Source: the BNB. Net interest income was BGN 646 million in the first quarter of 2018. Compared with the first quarter of 2017, the rate of decline in expenditure outpaced that in income. Net income from fees and commissions reached BGN 243 million. Administrative expenditure and depreciation rose 7.4 per cent and 0.7 per cent, respectively, on the first quarter of 2017. 3.3. Regulatory Capital In the first quarter of 2018 equity, tier one capital and common equity tier one decreased to BGN 11.4 billion, 10.8 billion and 10.6 billion. As a result of increased total risk exposures of the banking system, the common equity tier one ratio, tier one capital and total capital adequacy ratios decreased to 19.34 per cent, 19.79 per cent and 20.91 per cent, respectively.

17 (per cent) Chart 9 Selected Capital Indicators (per cent) State of the Banking System Source: the BNB. Chart 10 Common Equity Tier One Ratio: Dynamics of Numerator and Denominator for the Banking System (December 2014 = 100) Note: Numerator and denominator indices used. Source: the BNB.

18 Banks in Bulgaria January March 2018 By end-march 2018 the leverage ratio (when a fully phased-in definition of tier one capital is applied) was 10.46 per cent. The total exposure to tier one capital was 9.6:1. At the end of the first quarter of 2018 the capital exceeding the regulatory minimum of 8 per cent was BGN 7.1 billion. 7 As of 31 March 2018 all credit institutions had sufficient common equity tier one to meet the capital buffer level. Chart 11 Equity: Minimum Requirement, Buffers and Excess above the Minimum Requirement and Buffers as of 31 March 2018 (BGN million) Note: For levels of the buffer for other systemically important institutions effective as of 1 January 2018, see the BNB press release of 1 December 2017: http://www.bnb. bg/pressoffice/popressreleases/poprdate/pr_20171201_en Source: the BNB. 7 The amount of capital exceeding the minimum regulatory requirement of 8 per cent also includes additional capital buffer requirements. For more information on capital buffers, see the BNB website: http://www.bnb.bg/banksupervision/ BSCapitalBuffers/index.htm

19 3.4. Liquidity In the January to March 2018 period total unadjusted Level 1 assets 8 decreased by BGN 590 million (2.3 per cent) and reached BGN 25.2 billion. Within the structure of assets, the share of assets in the central government increased, while the shares of other liquid assets experienced a decline. Net liquidity outflows (the liquidity coverage ratio nominator) increased by BGN 266 million, or 3.6 per cent, a result of growth in outflows (after applied outflow rates). The banking system liquidity buffer 9 (the liquidity coverage ratio nominator) was BGN 25.2 billion at the end of March. State of the Banking System Chart 12 Liquidity Buffer to Balance Sheet Assets Ratio (BGN million) (per cent) Source: the BNB. The dynamics of the liquidity buffer and net liquidity outflows was reflected in a lower liquidity coverage ratio. At the end of March 2018 the banking system liquidity coverage ratio was 327.9 per cent (against 347.6 per cent at the end of 2017). 8 For further information on the new liquidity reporting requirements, effective as from the beginning of 2018, see the quarterly Banks in Bulgaria, October December 2017: http://www.bnb.bg/bnbweb/groups/public/documents/ bnb_publication/pub_b_in_b_2017_12_en.pdf 9 Under Article 17 of Commission Delegated Regulation (EU) 2015/61, the requirements for the composition of the liquidity buffer by asset level, at any time shall be, as follows: a minimum of 60 per cent of the liquidity buffer is to be composed of level 1 assets; a minimum of 30 per cent of the liquidity buffer is to be composed of level 1 assets excluding extremely high quality covered bonds (referred to in Article 10), a maximum of 15 per cent of the liquidity buffer may be held in level 2B assets.

20 Banks in Bulgaria January March 2018 Chart 13 Liquidity Coverage Ratio (per cent) Source: the BNB. In the review quarter the banking system loans-to-deposits ratio (LTD ratio) 10 rose to 72.5 per cent, from 71.5 per cent on 31 December 2017. Banks credit portfolio growth added to this increase, while deposits (excluding those from credit institutions) remained almost unchanged. 10 The loans-to-deposits ratio uses data from the MPF1 reporting template with gross loan portfolio (excluding loans and advances to the central banks and credit institutions sectors) as a nominator and deposits (excluding those from credit institutions) as a denominator.

II. Methodological Notes 21 1. From 1 January 2015, the BNB started publishing data on the balance sheet statement and statement of profit or loss in line with the reporting templates introduced by Commision Implementing Regulation (EU) No 680/2014 according to Regulation (EU) No 575/2013 of the European Parliament and of the Council. The European Banking Authority has developed Implementing Technical Standards subject to phased-in implementation under Implementing Regulation (EU) No 680/2014 and its amendments. Data on individual banks are based on both official reports introduced by Implementing Regulation (EU) No 680/2014 and additional reporting templates: the macroprudential reporting form MPF1. 2. Methodological references for completing relevant items in the balance sheet statement and statement of profit or loss along with an additional data template are available on the BNB website. 1 The template focuses the attention of data users on major principles of data preparation. 3. Data as of 2015 on the quality of loans and impairment were obtained using the standard reporting template 18 Information on performing and non-performing exposures of the financial reporting framework (FINREP). As a result of the harmonisation of concepts and definitions no match should be sought between the manner and scope of reporting of these items in the old and new reports (to the end of 2014 and from January 2015, respectively). 4. A bank passport includes basic information on the structure of shareholder capital and management bodies, which reflect the current state at the time of preparing the quarterly bulletin. Data on major items of the balance sheet statement and statement of profit or loss are based on relevant total lines. 5. The BNB may adjust already published data, where necessary. Revisions are made after receiving additional information, adjustments of errors in data provided by banks or as a consequence of changes and enhancement of methodological guidelines, imposing data revision from previous periods. 2 6. The BNB Banking Supervision Department groups banks in view of outlining the dynamics of processes in the banking system. This grouping does not entail any rating element and should not be interpreted as rating banks financial position. Assigning banks to groups is done based on the amount of their assets and is changed as of the end of each reporting period. The first group consists of the five largest banks, the second group comprises all the remaining banks, and the third group comprises the branches of foreign banks in Bulgaria. Methodological Notes 1 Methodological references for completing relevant items in the balance sheet statement and statement of profit or loss along with an additional data template are available on the BNB website. http://www.bnb.bg/banksupervision/bscreditinstitution/bscifinansreports/bscifrbankingsystem/ BS_201503_EN 2 Revisions are made pursuant to Implementing Regulation (ЕU) No 680/2014, Article 3, items 4 and 5.

22 Banks in Bulgaria January March 2018 Group I: Group II: Group III: UniCredit Bulbank DSK Bank United Bulgarian Bank First Investment Bank Eurobank Bulgaria Raiffeisenbank (Bulgaria) Société Générale Expressbank Central Cooperative Bank Piraeus Bank Bulgaria Allianz Bank Bulgaria Bulgarian Development Bank Investbank ProCredit Bank (Bulgaria) Municipal Bank International Asset Bank Bulgarian-American Credit Bank D Commerce Bank TBI Bank Tokuda Bank Texim Bank Victoria Commercial Bank BNP Paribas S.A. Sofia Branch ING Bank N.V. Sofia Branch Citibank Europe Bulgaria Branch T.C. Ziraat Bank Sofia Branch BNP Paribas Personal Finance S.A. Bulgaria Branch* * The new reporting unit has been included in the aggregated data of the banking system as of the end of May 2018.

III. Banking Supervision Regulation 23 CAPITAL ADEQUACY of the Banking System and Bank Groups as of 31 December 2017 Group I Group II Banking system 1. OWN FUNDS (CAPITAL BASE) 6 804 062 4 635 131 11 439 193 1.1. Tier 1 capital 6 758 923 4 066 305 10 825 228 1.1.1. Common equity tier 1 capital 6 563 340 4 019 158 10 582 498 1.1.2. Additional tier 1 capital 195 583 47 147 242 730 1.2. Tier 2 capital 45 139 568 826 613 965 2. TOTAL RISK EXPOSURE AMOUNT 33 992 362 20 720 243 54 712 605 2.1. Risk weighted exposure amounts for credit, counterparty credit and dilution risks and free deliveries 30 173 622 18 269 401 48 443 023 2.2. risk exposure amount for settlement risk 0 0 0 2.3. risk exposure amount for position, foreign exchange and commodity risks 466 214 195 740 661 954 2.4. risk exposure amount for operational risk 3 350 126 2 218 027 5 568 153 2.5. risk exposure amount for credit valuation adjustment 2 400 37 075 39 475 COMMON EQUITY TIER 1 CAPITAL RATIO (%) 19.31 19.40 19.34 TIER 1 CAPITAL RATIO (%) 19.88 19.62 19.79 TOTAL CAPITAL ADEQUACY RATIO (%) 20.02 22.37 20.91 Banking Supervision Regulation Note: The template for disclosure of information related to the capital adequacy of banks is based on the reporting templates included in the Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council. Source: the BNB.

IV. Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups 25 Balance Sheet Statement (Statement of Financial Position) of the Banking System as of 31 March 2018... 27 Statement of Profit or Loss of the Banking System as of 31 March 2018... 30 Debt Securities, Loans and Advances, and Deposits of the Banking System as of 31 March 2018... 32 Balance Sheet Statement (Statement of Financial Position) of Group I Banks as of 31 March 2018... 33 Statement of Profit or Loss of Group I Banks as of 31 March 2018... 36 Debt Securities, Loans and Advances, and Deposits of Group I Banks as of 31 March 2018... 38 Balance Sheet Statement (Statement of Financial Position) of Group II Banks as of 31 March 2018... 39 Statement of Profit or Loss of Group II Banks as of 31 March 2018... 42 Debt Securities, Loans and Advances, and Deposits of Group II Banks as of 31 March 2018... 44 Balance Sheet Statement (Statement of Financial Position) of Group III Banks as of 31 March 2018... 45 Statement of Profit or Loss of Group III Banks as of 31 March 2018... 48 Debt Securities, Loans and Advances, and Deposits of Group III Banks as of 31 March 2018... 50 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

27 Balance Sheet Statement (Statement of Financial Position) of the BANKING SYSTEM as of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 18 440 418 Cash on hand 1 702 829 Cash balances at central banks 12 779 251 Other demand deposits 3 958 338 Financial assets held for trading 563 187 Derivatives 100 549 Equity instruments 45 041 Debt securities 393 837 Loans and advances 23 760 Non-trading financial assets mandatorily at fair value through profit or loss 342 432 Equity instruments 93 425 Debt securities 217 376 Loans and advances 31 631 Financial assets designated at fair value through profit or loss 136 111 Debt securities 136 111 Loans and advances 0 Financial assets at fair value through other comprehensive income 9 646 411 Equity instruments 186 961 Debt securities 9 459 065 Loans and advances 385 Financial assets at amortised cost 63 922 583 Debt securities 2 509 548 Loans and advances 61 413 035 Derivatives hedge accounting 19 274 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 434 572 Tangible assets 1 978 572 Property, plant and equipment 1 061 426 Investment property 917 146 Intangible assets 208 266 Goodwill 0 Other intangible assets 208 266 Tax assets 62 784 Current tax assets 27 182 Deferred tax assets 35 602 Other assets 1 499 152 Non-current assets and disposal groups classified as held for sale 316 495 TOTAL ASSETS 97 570 257 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups (continued)

28 Banks in Bulgaria January March 2018 (continued) Carrying amount LIABILITIES Financial liabilities held for trading 91 166 Derivatives 91 166 Short positions 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities designated at fair value through profit or loss 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities measured at amortised cost 84 129 380 Deposits 83 650 784 Debt securities issued 339 188 Other financial liabilities 139 408 Derivatives hedge accounting 43 246 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 246 414 Pensions and other post employment defined benefit obligations 40 700 Other long-term employee benefits 325 Restructuring 7 630 Pending legal issues and tax litigation 86 265 Commitments and guarantees given 72 669 Other provisions 38 825 Tax liabilities 28 033 Current tax liabilities 14 404 Deferred tax liabilities 13 629 Share capital repayable on demand 0 Other liabilities 997 834 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 85 536 073 (continued)

29 (continued) Carrying amount EQUITY Capital 3 714 690 Paid-up capital 3 714 690 Unpaid capital which has been called up 0 Share premium 500 451 Equity instruments issued other than capital 0 Equity component of compound financial instruments 0 Other equity instruments issued 0 Other equity 162 Accumulated other comprehensive income 519 877 s that will not be reclassified to profit or loss 137 958 Tangible assets 132 793 Intangible assets 0 Actuarial gains or (-) losses on defined benefit pension plans -8 309 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Fair value changes of equity instruments measured at fair value through other comprehensive income 13 474 Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item] 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument] 0 Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 0 s that may be reclassified to profit or loss 381 919 Hedge of net investments in foreign operations [effective portion] 0 Foreign currency translation 86 Hedging derivatives. Cash flow hedges [effective portion] -26 026 Fair value changes of debt instruments measured at fair value through other comprehensive income 407 859 Hedging instruments [not designated elements] 0 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Retained earnings 3 587 292 Revaluation reserves -72 700 Other reserves 3 517 218 Reserves or accumulated losses of investments in subsidiaries, joint ventures and associates accounted for using the equity method 0 Other 3 517 218 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 267 194 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 Accumulated other comprehensive income 0 Other items 0 TOTAL EQUITY 12 034 184 TOTAL EQUITY AND TOTAL LIABILITIES 97 570 257 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

30 Banks in Bulgaria January March 2018 Statement of profit or loss of the BANKING SYSTEM as of 31 march 2018 income 720 846 Financial assets held for trading 6 182 Non-trading financial assets mandatorily at fair value through profit or loss 1 546 Financial assets designated at fair value through profit or loss 665 Financial assets at fair value through other comprehensive income 38 248 Financial assets at amortised cost 670 058 Derivatives hedge accounting, interest rate risk 1 811 Other assets 367 income on liabilities 1 969 ( expenses) 74 805 (Financial liabilities held for trading) 3 440 (Financial liabilities designated at fair value through profit or loss) 0 (Financial liabilities measured at amortised cost) 54 955 (Derivatives hedge accounting, interest rate risk) 6 829 (Other liabilities) 380 ( expenses on assets) 9 201 (Expenses on share capital repayable on demand) 0 Dividend income 301 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 24 Financial assets at fair value through other comprehensive income 277 Investments in subsidiaries, joint ventures and associates accounted for using other than equity method 0 Fee and commission income 281 726 (Fee and commission expenses) 39 185 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 22 164 Financial assets at fair value through other comprehensive income 10 057 Financial assets at amortised cost 3 436 Financial liabilities measured at amortised cost -241 Other 8 912 Gains or (-) losses on financial assets and liabilities held for trading, net 8 532 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net -185 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net -1 333 Gains or (-) losses from hedge accounting, net -666 Exchange differences [gain or (-) loss], net 49 735 Gains or (-) losses on derecognition of non-financial assets, net 1 698 Other operating income 16 547 (Other operating expenses) 133 136 TOTAL OPERATING INCOME, NET 852 239 Value (continued)

31 (continued) (Administrative expenses) 415 082 (Staff expenses) 204 076 (Other administrative expenses) 211 006 (Depreciation) 41 898 (Property, plant and equipment) 26 702 (Investment properties) 2 091 (Other intangible assets) 13 105 Modification gains or (-) losses, net -1 510 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost -1 510 (Provisions or (-) reversal of provisions) 4 215 (Commitments and guarantees given) 4 540 (Other provisions) -325 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 106 411 (Financial assets at fair value through other comprehensive income ) -185 (Financial assets at amortised cost ) 106 596 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 674 (Property, plant and equipment) -26 (Investment properties) 0 (Goodwill) 0 (Other intangible assets) 0 (Other) 700 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 895 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 283 344 (Tax expense or (-) income related to profit or loss from continuing operations) 16 150 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 267 194 Profit or (-) loss after tax from discontinued operations 0 Profit or (-) loss before tax from discontinued operations 0 (Tax expense or (-) income related to discontinued operations) 0 PROFIT OR (-) LOSS FOR THE YEAR 267 194 Attributable to minority interest [non-controlling interests] 0 Attributable to owners of the parent 267 194 Value Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

32 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits of the BANKING SYSTEM as of 31 march 2018 income Debt securities 12 717 908 3 046 202 8 666 096 67 482 Central banks 0 0 0 0 General governments 11 788 690 3 021 873 7 815 093 53 563 Credit institutions 392 600 0 341 932 2 667 Other financial corporations 362 467 6 857 352 391 9 692 Non-financial corporations 174 152 17 472 156 680 1 560 income Loans and advances 82 924 183 43 826 427 35 098 877 651 909 Central banks 12 779 416 7 811 244 4 963 927-11 General governments 595 261 221 278 373 983 5 652 Credit institutions 13 140 358 1 098 323 9 021 038 17 688 Other financial corporations 2 596 896 1 297 853 1 281 030 11 311 Non-financial corporations 33 604 455 16 592 382 16 326 300 298 100 Households 20 207 797 16 805 347 3 132 599 319 168 o.w. Residential mortgage loans 9 928 714 7 460 297 2 372 167 109 749 o.w. Credit for consumption 9 132 875 8 253 265 715 693 204 605 expenses Deposits 83 650 980 48 355 689 28 373 936 46 007 Central banks 0 0 0 0 General governments 2 168 881 1 825 591 295 272 898 Credit institutions 5 039 751 827 630 3 539 494 13 794 Other financial corporations 2 815 136 1 671 895 879 456 1 287 Non-financial corporations 23 831 960 14 530 579 7 292 335 4 482 Households 49 795 252 29 499 994 16 367 379 25 547

33 Balance Sheet Statement (Statement of Financial Position) of Group I Banks As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 8 625 767 Cash on hand 913 576 Cash balances at central banks 5 880 669 Other demand deposits 1 831 522 Financial assets held for trading 344 485 Derivatives 78 360 Equity instruments 14 463 Debt securities 227 902 Loans and advances 23 760 Non-trading financial assets mandatorily at fair value through profit or loss 245 503 Equity instruments 24 288 Debt securities 217 376 Loans and advances 3 839 Financial assets designated at fair value through profit or loss 0 Debt securities 0 Loans and advances 0 Financial assets at fair value through other comprehensive income 6 819 913 Equity instruments 44 762 Debt securities 6 775 151 Loans and advances 0 Financial assets at amortised cost 38 903 655 Debt securities 887 290 Loans and advances 38 016 365 Derivatives hedge accounting 19 274 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 168 934 Tangible assets 1 124 591 Property, plant and equipment 693 674 Investment property 430 917 Intangible assets 136 588 Goodwill 0 Other intangible assets 136 588 Tax assets 44 612 Current tax assets 20 728 Deferred tax assets 23 884 Other assets 1 219 753 Non-current assets and disposal groups classified as held for sale 11 467 TOTAL ASSETS 57 664 542 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups (continued)

34 Banks in Bulgaria January March 2018 (continued) Carrying amount LIABILITIES Financial liabilities held for trading 60 600 Derivatives 60 600 Short positions 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities designated at fair value through profit or loss 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities measured at amortised cost 49 258 563 Deposits 49 004 106 Debt securities issued 214 428 Other financial liabilities 40 029 Derivatives hedge accounting 43 246 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 183 745 Pensions and other post employment defined benefit obligations 27 778 Other long-term employee benefits 0 Restructuring 7 630 Pending legal issues and tax litigation 80 838 Commitments and guarantees given 46 158 Other provisions 21 341 Tax liabilities 14 884 Current tax liabilities 5 312 Deferred tax liabilities 9 572 Share capital repayable on demand 0 Other liabilities 692 539 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 50 253 577 (continued)

35 (continued) Carrying amount EQUITY Capital 1 203 922 Paid-up capital 1 203 922 Unpaid capital which has been called up 0 Share premium 307 058 Equity instruments issued other than capital 0 Equity component of compound financial instruments 0 Other equity instruments issued 0 Other equity 0 Accumulated other comprehensive income 427 813 s that will not be reclassified to profit or loss 112 256 Tangible assets 116 413 Intangible assets 0 Actuarial gains or (-) losses on defined benefit pension plans -7 705 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Fair value changes of equity instruments measured at fair value through other comprehensive income 3 548 Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item] 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument] 0 Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 0 s that may be reclassified to profit or loss 315 557 Hedge of net investments in foreign operations [effective portion] 0 Foreign currency translation 0 Hedging derivatives. Cash flow hedges [effective portion] -26 026 Fair value changes of debt instruments measured at fair value through other comprehensive income 341 583 Hedging instruments [not designated elements] 0 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Retained earnings 2 890 582 Revaluation reserves -67 612 Other reserves 2 458 354 Reserves or accumulated losses of investments in subsidiaries, joint ventures and associates accounted for using the equity method 0 Other 2 458 354 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 190 848 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 Accumulated other comprehensive income 0 Other items 0 TOTAL EQUITY 7 410 965 TOTAL EQUITY AND TOTAL LIABILITIES 57 664 542 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

36 Banks in Bulgaria January March 2018 Statement of profit or loss of GROUP I BANKs As of 31 march 2018 income 448 495 Financial assets held for trading 5 271 Non-trading financial assets mandatorily at fair value through profit or loss 1 546 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 27 720 Financial assets at amortised cost 411 002 Derivatives hedge accounting, interest rate risk 1 811 Other assets 257 income on liabilities 888 ( expenses) 40 002 (Financial liabilities held for trading) 3 318 (Financial liabilities designated at fair value through profit or loss) 0 (Financial liabilities measured at amortised cost) 26 196 (Derivatives hedge accounting, interest rate risk) 6 829 (Other liabilities) 45 ( expenses on assets) 3 614 (Expenses on share capital repayable on demand) 0 Dividend income 57 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 21 Financial assets at fair value through other comprehensive income 36 Investments in subsidiaries, joint ventures and associates accounted for using other than equity method 0 Fee and commission income 177 435 (Fee and commission expenses) 21 832 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 22 669 Financial assets at fair value through other comprehensive income 10 156 Financial assets at amortised cost 3 601 Financial liabilities measured at amortised cost 0 Other 8 912 Gains or (-) losses on financial assets and liabilities held for trading, net -2 865 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net -636 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net -666 Exchange differences [gain or (-) loss], net 42 948 Gains or (-) losses on derecognition of non-financial assets, net 1 824 Other operating income 6 917 (Other operating expenses) 99 963 TOTAL OPERATING INCOME, NET 534 381 Value (continued)

37 (continued) (Administrative expenses) 227 379 (Staff expenses) 116 034 (Other administrative expenses) 111 345 (Depreciation) 26 483 (Property, plant and equipment) 16 283 (Investment properties) 1 666 (Other intangible assets) 8 534 Modification gains or (-) losses, net -1 430 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost -1 430 (Provisions or (-) reversal of provisions) 5 985 (Commitments and guarantees given) 6 421 (Other provisions) -436 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 72 779 (Financial assets at fair value through other comprehensive income ) -134 (Financial assets at amortised cost ) 72 913 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 (Property, plant and equipment) 0 (Investment properties) 0 (Goodwill) 0 (Other intangible assets) 0 (Other) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations -2 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 200 323 (Tax expense or (-) income related to profit or loss from continuing operations) 9 475 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 190 848 Profit or (-) loss after tax from discontinued operations 0 Profit or (-) loss before tax from discontinued operations 0 (Tax expense or (-) income related to discontinued operations) 0 PROFIT OR (-) LOSS FOR THE YEAR 190 848 Attributable to minority interest [non-controlling interests] 0 Attributable to owners of the parent 190 848 Value Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

38 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits of GROUP I BANKs As of 31 march 2018 income Debt securities 8 107 719 1 677 847 5 644 300 44 990 Central banks 0 0 0 0 General governments 7 548 077 1 670 984 5 142 108 33 394 Credit institutions 242 537 0 191 950 2 341 Other financial corporations 296 600 6 857 289 743 9 089 Non-financial corporations 20 505 6 20 499 166 income Loans and advances 48 976 839 25 593 088 21 361 136 403 450 Central banks 5 880 762 2 346 739 3 534 023 0 General governments 388 318 84 411 303 907 3 407 Credit institutions 8 343 770 566 741 6 202 874 11 241 Other financial corporations 1 456 994 904 185 535 533 5 427 Non-financial corporations 19 511 677 10 468 553 8 720 431 169 043 Households 13 395 318 11 222 459 2 064 368 214 332 o.w. Residential mortgage loans 7 202 226 5 584 930 1 534 415 84 797 o.w. Credit for consumption 5 817 715 5 345 705 450 131 130 352 expenses Deposits 49 004 106 28 824 416 16 134 437 18 654 Central banks 0 0 0 0 General governments 771 349 530 767 218 566 101 Credit institutions 2 103 695 334 689 1 356 024 6 121 Other financial corporations 1 601 473 849 539 551 805 472 Non-financial corporations 12 672 695 7 599 885 4 134 776 1 425 Households 31 854 894 19 509 536 9 873 266 10 535

39 Balance Sheet Statement (Statement of Financial Position) of Group II Banks As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 8 769 391 Cash on hand 785 519 Cash balances at central banks 6 574 392 Other demand deposits 1 409 480 Financial assets held for trading 190 702 Derivatives 15 203 Equity instruments 30 578 Debt securities 144 921 Loans and advances 0 Non-trading financial assets mandatorily at fair value through profit or loss 96 929 Equity instruments 69 137 Debt securities 0 Loans and advances 27 792 Financial assets designated at fair value through profit or loss 136 111 Debt securities 136 111 Loans and advances 0 Financial assets at fair value through other comprehensive income 2 681 098 Equity instruments 141 980 Debt securities 2 538 733 Loans and advances 385 Financial assets at amortised cost 23 801 467 Debt securities 1 620 996 Loans and advances 22 180 471 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 265 638 Tangible assets 851 852 Property, plant and equipment 365 623 Investment property 486 229 Intangible assets 70 103 Goodwill 0 Other intangible assets 70 103 Tax assets 16 597 Current tax assets 6 221 Deferred tax assets 10 376 Other assets 268 313 Non-current assets and disposal groups classified as held for sale 304 084 TOTAL ASSETS 37 452 285 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups (continued)

40 Banks in Bulgaria January March 2018 (continued) Carrying amount LIABILITIES Financial liabilities held for trading 22 515 Derivatives 22 515 Short positions 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities designated at fair value through profit or loss 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities measured at amortised cost 32 495 664 Deposits 32 274 165 Debt securities issued 124 760 Other financial liabilities 96 739 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 61 814 Pensions and other post employment defined benefit obligations 12 628 Other long-term employee benefits 325 Restructuring 0 Pending legal issues and tax litigation 5 427 Commitments and guarantees given 26 151 Other provisions 17 283 Tax liabilities 9 969 Current tax liabilities 5 918 Deferred tax liabilities 4 051 Share capital repayable on demand 0 Other liabilities 260 323 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 32 850 285 (continued)

41 (continued) Carrying amount EQUITY Capital 2 510 768 Paid-up capital 2 510 768 Unpaid capital which has been called up 0 Share premium 193 393 Equity instruments issued other than capital 0 Equity component of compound financial instruments 0 Other equity instruments issued 0 Other equity 0 Accumulated other comprehensive income 91 028 s that will not be reclassified to profit or loss 25 645 Tangible assets 16 380 Intangible assets 0 Actuarial gains or (-) losses on defined benefit pension plans -661 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Fair value changes of equity instruments measured at fair value through other comprehensive income 9 926 Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item] 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument] 0 Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 0 s that may be reclassified to profit or loss 65 383 Hedge of net investments in foreign operations [effective portion] 0 Foreign currency translation 86 Hedging derivatives. Cash flow hedges [effective portion] 0 Fair value changes of debt instruments measured at fair value through other comprehensive income 65 297 Hedging instruments [not designated elements] 0 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Retained earnings 706 929 Revaluation reserves -5 088 Other reserves 1 028 565 Reserves or accumulated losses of investments in subsidiaries, joint ventures and associates accounted for using the equity method 0 Other 1 028 565 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 76 405 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 Accumulated other comprehensive income 0 Other items 0 TOTAL EQUITY 4 602 000 TOTAL EQUITY AND TOTAL LIABILITIES 37 452 285 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

42 Banks in Bulgaria January March 2018 Statement of profit or loss of GROUP II BANKs As of 31 march 2018 income 266 241 Financial assets held for trading 622 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 665 Financial assets at fair value through other comprehensive income 10 396 Financial assets at amortised cost 253 577 Derivatives hedge accounting, interest rate risk 0 Other assets 110 income on liabilities 871 ( expenses) 32 691 (Financial liabilities held for trading) 122 (Financial liabilities designated at fair value through profit or loss) 0 (Financial liabilities measured at amortised cost) 27 604 (Derivatives hedge accounting, interest rate risk) 0 (Other liabilities) 335 ( expenses on assets) 4 630 (Expenses on share capital repayable on demand) 0 Dividend income 244 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 3 Financial assets at fair value through other comprehensive income 241 Investments in subsidiaries, joint ventures and associates accounted for using other than equity method 0 Fee and commission income 99 672 (Fee and commission expenses) 16 651 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -936 Financial assets at fair value through other comprehensive income -530 Financial assets at amortised cost -165 Financial liabilities measured at amortised cost -241 Other 0 Gains or (-) losses on financial assets and liabilities held for trading, net 14 332 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 451 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net -1 333 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 521 Gains or (-) losses on derecognition of non-financial assets, net -126 Other operating income 8 286 (Other operating expenses) 32 916 TOTAL OPERATING INCOME, NET 305 094 Value (continued)

43 (continued) (Administrative expenses) 174 617 (Staff expenses) 83 775 (Other administrative expenses) 90 842 (Depreciation) 15 099 (Property, plant and equipment) 10 231 (Investment properties) 425 (Other intangible assets) 4 443 Modification gains or (-) losses, net -80 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost -80 (Provisions or (-) reversal of provisions) -1 359 (Commitments and guarantees given) -1 462 (Other provisions) 103 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 33 921 (Financial assets at fair value through other comprehensive income ) -63 (Financial assets at amortised cost ) 33 984 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 674 (Property, plant and equipment) -26 (Investment properties) 0 (Goodwill) 0 (Other intangible assets) 0 (Other) 700 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 897 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 82 959 (Tax expense or (-) income related to profit or loss from continuing operations) 6 554 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 76 405 Profit or (-) loss after tax from discontinued operations 0 Profit or (-) loss before tax from discontinued operations 0 (Tax expense or (-) income related to discontinued operations) 0 PROFIT OR (-) LOSS FOR THE YEAR 76 405 Attributable to minority interest [non-controlling interests] 0 Attributable to owners of the parent 76 405 Value Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

44 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits of GROUP II BANKs As of 31 march 2018 income Debt securities 4 442 732 1 263 935 2 958 759 22 226 Central banks 0 0 0 0 General governments 4 074 418 1 246 469 2 611 210 19 903 Credit institutions 150 063 0 149 982 326 Other financial corporations 65 867 0 62 648 603 Non-financial corporations 152 385 17 466 134 919 1 394 income Loans and advances 31 684 767 17 697 813 12 298 048 243 124 Central banks 6 574 462 5 184 941 1 385 276 2 General governments 206 943 136 867 70 076 2 245 Credit institutions 3 893 118 527 820 2 182 635 5 691 Other financial corporations 903 280 286 232 616 311 4 696 Non-financial corporations 13 297 879 5 979 914 6 976 772 125 693 Households 6 809 085 5 582 039 1 066 978 104 797 o.w. Residential mortgage loans 2 725 416 1 875 122 837 114 24 940 o.w. Credit for consumption 3 312 838 2 906 956 264 947 74 225 expenses Deposits 32 274 165 18 417 574 11 391 455 26 416 Central banks 0 0 0 0 General governments 1 338 876 1 262 380 75 032 797 Credit institutions 2 524 272 322 999 2 018 748 7 507 Other financial corporations 1 088 939 780 105 278 976 815 Non-financial corporations 9 665 319 6 187 465 2 675 548 2 743 Households 17 656 759 9 864 625 6 343 151 14 554

45 Balance Sheet Statement (Statement of Financial Position) of Group III Banks As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 045 260 Cash on hand 3 734 Cash balances at central banks 324 190 Other demand deposits 717 336 Financial assets held for trading 28 000 Derivatives 6 986 Equity instruments 0 Debt securities 21 014 Loans and advances 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Equity instruments 0 Debt securities 0 Loans and advances 0 Financial assets designated at fair value through profit or loss 0 Debt securities 0 Loans and advances 0 Financial assets at fair value through other comprehensive income 145 400 Equity instruments 219 Debt securities 145 181 Loans and advances 0 Financial assets at amortised cost 1 217 461 Debt securities 1 262 Loans and advances 1 216 199 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 2 129 Property, plant and equipment 2 129 Investment property 0 Intangible assets 1 575 Goodwill 0 Other intangible assets 1 575 Tax assets 1 575 Current tax assets 233 Deferred tax assets 1 342 Other assets 11 086 Non-current assets and disposal groups classified as held for sale 944 TOTAL ASSETS 2 453 430 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups (continued)

46 Banks in Bulgaria January March 2018 (continued) Carrying amount LIABILITIES Financial liabilities held for trading 8 051 Derivatives 8 051 Short positions 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities designated at fair value through profit or loss 0 Deposits 0 Debt securities issued 0 Other financial liabilities 0 Financial liabilities measured at amortised cost 2 375 153 Deposits 2 372 513 Debt securities issued 0 Other financial liabilities 2 640 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 855 Pensions and other post employment defined benefit obligations 294 Other long-term employee benefits 0 Restructuring 0 Pending legal issues and tax litigation 0 Commitments and guarantees given 360 Other provisions 201 Tax liabilities 3 180 Current tax liabilities 3 174 Deferred tax liabilities 6 Share capital repayable on demand 0 Other liabilities 44 972 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 2 432 211 (continued)

47 (continued) Carrying amount EQUITY Capital 0 Paid-up capital 0 Unpaid capital which has been called up 0 Share premium 0 Equity instruments issued other than capital 0 Equity component of compound financial instruments 0 Other equity instruments issued 0 Other equity 162 Accumulated other comprehensive income 1 036 s that will not be reclassified to profit or loss 57 Tangible assets 0 Intangible assets 0 Actuarial gains or (-) losses on defined benefit pension plans 57 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Fair value changes of equity instruments measured at fair value through other comprehensive income 0 Hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedged item] 0 Fair value changes of equity instruments measured at fair value through other comprehensive income [hedging instrument] 0 Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk 0 s that may be reclassified to profit or loss 979 Hedge of net investments in foreign operations [effective portion] 0 Foreign currency translation 0 Hedging derivatives. Cash flow hedges [effective portion] 0 Fair value changes of debt instruments measured at fair value through other comprehensive income 979 Hedging instruments [not designated elements] 0 Non-current assets and disposal groups classified as held for sale 0 Share of other recognised income and expense of investments in subsidiaries, joint ventures and associates 0 Retained earnings -10 219 Revaluation reserves 0 Other reserves 30 299 Reserves or accumulated losses of investments in subsidiaries, joint ventures and associates accounted for using the equity method 0 Other 30 299 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -59 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 Accumulated other comprehensive income 0 Other items 0 TOTAL EQUITY 21 219 TOTAL EQUITY AND TOTAL LIABILITIES 2 453 430 Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

48 Banks in Bulgaria January March 2018 Statement of profit or loss of GROUP III BANKs As of 31 march 2018 income 6 110 Financial assets held for trading 289 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 132 Financial assets at amortised cost 5 479 Derivatives hedge accounting, interest rate risk 0 Other assets 0 income on liabilities 210 ( expenses) 2 112 (Financial liabilities held for trading) 0 (Financial liabilities designated at fair value through profit or loss) 0 (Financial liabilities measured at amortised cost) 1 155 (Derivatives hedge accounting, interest rate risk) 0 (Other liabilities) 0 ( expenses on assets) 957 (Expenses on share capital repayable on demand) 0 Dividend income 0 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 0 Investments in subsidiaries, joint ventures and associates accounted for using other than equity method 0 Fee and commission income 4 619 (Fee and commission expenses) 702 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 431 Financial assets at fair value through other comprehensive income 431 Financial assets at amortised cost 0 Financial liabilities measured at amortised cost 0 Other 0 Gains or (-) losses on financial assets and liabilities held for trading, net -2 935 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 6 266 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 1 344 (Other operating expenses) 257 TOTAL OPERATING INCOME, NET 12 764 Value (continued)

49 (continued) (Administrative expenses) 13 086 (Staff expenses) 4 267 (Other administrative expenses) 8 819 (Depreciation) 316 (Property, plant and equipment) 188 (Investment properties) 0 (Other intangible assets) 128 Modification gains or (-) losses, net 0 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost 0 (Provisions or (-) reversal of provisions) -411 (Commitments and guarantees given) -419 (Other provisions) 8 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -289 (Financial assets at fair value through other comprehensive income ) 12 (Financial assets at amortised cost ) -301 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 (Property, plant and equipment) 0 (Investment properties) 0 (Goodwill) 0 (Other intangible assets) 0 (Other) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 62 (Tax expense or (-) income related to profit or loss from continuing operations) 121 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -59 Profit or (-) loss after tax from discontinued operations 0 Profit or (-) loss before tax from discontinued operations 0 (Tax expense or (-) income related to discontinued operations) 0 PROFIT OR (-) LOSS FOR THE YEAR -59 Attributable to minority interest [non-controlling interests] 0 Attributable to owners of the parent -59 Value Balance Sheet Statements, Statements of Profit or Loss and Other Data on the Banking System and Bank Groups

50 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits of GROUP III BANKs As of 31 march 2018 income Debt securities 167 457 104 420 63 037 266 Central banks 0 0 0 0 General governments 166 195 104 420 61 775 266 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 1 262 0 1 262 0 income Loans and advances 2 262 577 535 526 1 439 693 5 335 Central banks 324 192 279 564 44 628-13 General governments 0 0 0 0 Credit institutions 903 470 3 762 635 529 756 Other financial corporations 236 622 107 436 129 186 1 188 Non-financial corporations 794 899 143 915 629 097 3 364 Households 3 394 849 1 253 39 o.w. Residential mortgage loans 1 072 245 638 12 o.w. Credit for consumption 2 322 604 615 28 expenses Deposits 2 372 709 1 113 699 848 044 937 Central banks 0 0 0 0 General governments 58 656 32 444 1 674 0 Credit institutions 411 784 169 942 164 722 166 Other financial corporations 124 724 42 251 48 675 0 Non-financial corporations 1 493 946 743 229 482 011 314 Households 283 599 125 833 150 962 458

V. Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data* 51 Allianz Bank Bulgaria... 53 BNP Paribas S.A. Sofia Branch... 57 BNP Paribas Personal Finance S.A. Bulgaria Branch... 61 Bulgarian-American Credit Bank... 62 Bulgarian Development Bank... 66 Central Cooperative Bank... 70 Citibank Europe, Bulgaria Branch... 74 D Commerce Bank... 78 DSK Bank... 82 Eurobank Bulgaria... 86 First Investment Bank... 90 ING Bank N.V., Sofia Branch... 94 International Asset Bank... 98 Investbank... 102 Municipal Bank PLC... 106 Piraeus Bank Bulgaria... 110 ProCredit Bank, Bulgaria... 114 Raiffeisenbank, Bulgaria... 118 Société Générale Expressbank... 122 TBI Bank... 126 T.C. Ziraat Bank, Sofia Branch... 130 Texim Bank... 134 Tokuda Bank... 138 UniCredit Bulbank... 142 United Bulgarian Bank... 146 Victoria Commercial Bank... 150 Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data * Banks are arranged in alphabetical order, not according to the bank identification code.

Allianz Bank Bulgaria 53 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 669 785 Financial assets held for trading 17 076 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 165 474 Financial assets at amortised cost 1 661 393 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 9 398 Intangible assets 3 472 Tax assets 393 Other assets 32 950 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 2 559 941 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 2 318 862 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 3 424 Tax liabilities 2 317 Share capital repayable on demand 0 Other liabilities 17 468 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 2 342 071 EQUITY Capital 69 000 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 7 580 Retained earnings 124 466 Revaluation reserves 0 Other reserves 9 850 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 6 974 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 217 870 TOTAL EQUITY AND TOTAL LIABILITIES 2 559 941 Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

54 Allianz Bank Bulgaria Banks in Bulgaria January March 2018 Statement of profit or loss as of 31 march 2018 income 17 240 ( expenses) 470 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 5 536 (Fee and commission expenses) 712 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -699 Gains or (-) losses on financial assets and liabilities held for trading, net 518 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -73 Gains or (-) losses on derecognition of non-financial assets, net 20 Other operating income 881 (Other operating expenses) 4 255 TOTAL OPERATING INCOME, NET 17 986 (Administrative expenses) 8 000 (Depreciation) 549 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -283 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 1 971 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 7 749 (Tax expense or (-) income related to profit or loss from continuing operations) 775 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 6 974 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 6 974 Value

Allianz Bank Bulgaria 55 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 576 929 100 161 476 595 4 257 Central banks 0 0 0 0 General governments 508 816 100 161 408 482 3 718 Credit institutions 0 0 0 0 Other financial corporations 35 746 0 35 746 181 Non-financial corporations 32 367 0 32 367 358 income Loans and advances 2 030 516 1 193 626 700 281 12 983 Central banks 589 309 355 596 233 713 0 General governments 45 073 5 496 39 577 382 Credit institutions 207 911 10 002 78 063 458 Other financial corporations 50 369 12 950 37 419 191 Non-financial corporations 511 945 310 118 185 243 3 844 Households 625 909 499 464 126 266 8 108 o.w. Residential mortgage loans 352 691 269 067 83 602 4 877 o.w. Credit for consumption 202 417 177 970 24 290 3 054 expenses Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Deposits 2 318 862 1 387 186 781 362 470 Central banks 0 0 0 0 General governments 32 757 32 285 470 7 Credit institutions 47 843 141 47 700 33 Other financial corporations 371 230 287 513 82 055-122 Non-financial corporations 596 931 377 354 154 513 20 Households 1 270 101 689 893 496 624 532

56 Allianz Bank Bulgaria Banks in Bulgaria January March 2018 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Licensed by Resolution No. 345 of 3 June 1997 of the BNB Governing Council. License updated by: Order No. 100-000276 of 31 July 1998 of the BNB Governor and amended by Order No. 100-00515 of 22 November 1999 and by Order No. RD 22-0469 of 20 June 2002 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0856 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2258 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration 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. 202; re-entered in the Commercial Register to the Registry Agency, UIC 128001319, certificate No. 20080513130424 of 13 May 2008. Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) Auditors 79 Knyaginya Maria-Luiza Blvd., 1202 Sofia tel. 02/9215 522; 02/9215 487 Website: www.bank.allianz.bg Dimitar Georgiev Zhelev Chairman Christoph Plein Raymond Seymour Rainer Franz Kai Mueller Walter Lippolis Rosen Stoyadinov Stanimirov Executive Director Kamelia Georgieva Gyuleva Marieta Vassileva Petrova Georgi Kostadinov Zamanov Chief Executive Director Christina Marinova Martsenkova Executive Director Ivaylo Stoyanov Stoyanov Alexander Protsenko Allianz Bulgaria Holding Ltd. 99.89 per cent KPMG Bulgaria OOD AFA OOD

BNP Paribas S.A. Sofia Branch 57 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 266 713 Financial assets held for trading 4 293 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 52 Financial assets at amortised cost 587 370 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 179 Intangible assets 29 Tax assets 154 Other assets 1 810 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 860 600 LIABILITIES Financial liabilities held for trading 4 225 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 849 490 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 252 Tax liabilities 15 Share capital repayable on demand 0 Other liabilities 13 213 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 867 195 EQUITY Capital 0 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 52 Retained earnings -6 385 Revaluation reserves 0 Other reserves 0 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -262 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY -6 595 TOTAL EQUITY AND TOTAL LIABILITIES 860 600 Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

58 BNP Paribas S.A. Sofia Branch Banks in Bulgaria January March 2018 Statement of profit or loss as of 31 march 2018 income 2 636 ( expenses) 784 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 1 576 (Fee and commission expenses) 139 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net -83 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 89 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 2 (Other operating expenses) 25 TOTAL OPERATING INCOME, NET 3 272 (Administrative expenses) 3 907 (Depreciation) 34 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -423 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -34 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS -212 (Tax expense or (-) income related to profit or loss from continuing operations) 50 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -262 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR -262 Value

BNP Paribas S.A. Sofia Branch 59 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 1 262 0 1 262 0 Central banks 0 0 0 0 General governments 0 0 0 0 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 1 262 0 1 262 0 income Loans and advances 854 289 303 886 446 922 2 529 Central banks 158 395 158 395 0 0 General governments 0 0 0 0 Credit institutions 204 682 2 457 105 826 256 Other financial corporations 236 621 107 435 129 186 1 184 Non-financial corporations 254 587 35 599 211 906 1 089 Households 4 0 4 0 o.w. Residential mortgage loans 0 0 0 0 o.w. Credit for consumption 4 0 4 0 Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data expenses Deposits 849 490 369 995 357 174 537 Central banks 0 0 0 0 General governments 288 152 136 0 Credit institutions 37 202 32 876 0 0 Other financial corporations 50 197 25 260 24 937 0 Non-financial corporations 508 223 191 653 198 575 102 Households 253 580 120 054 133 526 435

60 BNP Paribas S.A. Sofia Branch Banks in Bulgaria January March 2018 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 2006 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 2006, company file No. 14557 of 2006, lot No. 111317, vol. 1504, reg. 10, p. 111; re-entered in the Commercial Register to the Registry Agency, UIC 175185891, certificate No. 20081112140056 of 12 November 2008 2 Tsar Osvoboditel Blvd., 1000 Sofia tel. 02/9218 640; 02/9218 650 Website: www.bnpparibas.bg Management of a foreign bank s branch Shareholders (shares over 10 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: Christophe Deroo Governor Ivaylo Lyubomirov Lyubomirov Deputy Governor Agnes Mezes Deputy Governor BNP Paribas S.A., Republic of France 100 per cent Deloitte Audit OOD

BNP Paribas Personal Finance S.A. Bulgaria Branch 61 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management of a foreign bank s branch Shareholders (shares over 10 per cent) Auditor BNP Paribas Personal Finance S.A. Bulgaria Branch is a branch of the BNP Paribas Personal Finance S.A., Republic of France, a member state of the EU, and therefore no license by the BNB is required The European branch is registered in the Commercial Register to the Registry Agency on 5 October 2017* Bl 14, Sofia Business Park, Mladost 4 District tel. 02/915 4100 Website: www.bnpparibas-pf.bg Jose Manuel Saloio Dimitar Todorov Dimitrov Nelly Pancheva Nedyalkova BNP Paribas Personal Finance S.A., Republic of France 100 per cent KPMG Bulgaria OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data * The new reporting unit has been included in aggregated data on the banking system as of the end of May 2018.

62 Bulgarian- AmericaN Credit Bank Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 215 055 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 52 756 Financial assets at amortised cost 853 127 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 3 050 Tangible assets 106 496 Intangible assets 730 Tax assets 0 Other assets 8 853 Non-current assets and disposal groups classified as held for sale 23 432 TOTAL ASSETS 1 263 499 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 080 126 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 10 Tax liabilities 151 Share capital repayable on demand 0 Other liabilities 9 003 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 089 290 EQUITY Capital 24 691 Share premium 37 050 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 6 564 Retained earnings 102 723 Revaluation reserves 0 Other reserves 0 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 3 181 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 174 209 TOTAL EQUITY AND TOTAL LIABILITIES 1 263 499

Bulgarian- AmericaN Credit Bank 63 Statement of profit or loss as of 31 march 2018 income 10 248 ( expenses) 2 244 (Expenses on share capital repayable on demand) 0 Dividend income 2 Fee and commission income 1 655 (Fee and commission expenses) 119 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 5 Gains or (-) losses on financial assets and liabilities held for trading, net 592 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -50 Gains or (-) losses on derecognition of non-financial assets, net -147 Other operating income 149 (Other operating expenses) 1 197 TOTAL OPERATING INCOME, NET 8 894 (Administrative expenses) 4 914 (Depreciation) 303 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -10 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 455 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations -17 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 3 215 (Tax expense or (-) income related to profit or loss from continuing operations) 34 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 3 181 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 3 181 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

64 Bulgarian- AmericaN Credit Bank Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 71 894 22 776 49 118 294 Central banks 0 0 0 0 General governments 62 534 22 776 39 758 211 Credit institutions 0 0 0 0 Other financial corporations 1 996 0 1 996 31 Non-financial corporations 7 364 0 7 364 52 income Loans and advances 1 159 265 362 551 703 841 9 939 Central banks 182 503 45 464 137 039 0 General governments 213 213 0 5 Credit institutions 61 382 1 505 21 724 120 Other financial corporations 6 672 0 6 672 74 Non-financial corporations 844 201 265 755 523 776 8 515 Households 64 294 49 614 14 630 1 225 o.w. Residential mortgage loans 31 773 24 030 7 715 346 o.w. Credit for consumption 23 659 21 610 2 044 448 expenses Deposits 1 075 826 528 780 453 330 2 024 Central banks 0 0 0 0 General governments 36 859 36 818 41 12 Credit institutions 46 924 46 924 0 120 Other financial corporations 30 112 20 158 2 006 42 Non-financial corporations 291 334 201 511 79 354 451 Households 670 597 223 369 371 929 1 399

Bulgarian- AmericaN Credit Bank 65 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 100-000476 of 30 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 22-0861 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2271 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration 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. 180; re-entered in the Commercial Register to the Registry Agency, UIC 121246419, certificate No. 20080327112129 of 27 March 2008 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) 2 Slavyanska Str., 1000 Sofia tel. 02/965 8358; 02/965 8345 Website: www.bacb.bg Tzvetelina Borislavova Karagyozova Chair Martin Boychev Ganev Serge Lioutyi Vassil Stefanov Simov Chairman and Executive Director Silvia Kirilova Kirilova Ilian Petrov Georgiev Chief Executive Officer Loreta Ivanova Grigorova Executive Director Alexander Dimitrov Dimitrov Executive Director CSIF AD 61.43 per cent LTBI HOLDINGS LLC, the USA 33.14 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditors Ernst & Young Audit OOD AFA OOD

66 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 342 040 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 198 486 Financial assets at amortised cost 1 726 645 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 87 643 Tangible assets 40 156 Intangible assets 248 Tax assets 2 744 Other assets 15 572 Non-current assets and disposal groups classified as held for sale 11 146 TOTAL ASSETS 2 424 680 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 670 957 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 1 809 Tax liabilities 554 Share capital repayable on demand 0 Other liabilities 1 468 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 674 788 EQUITY Capital 601 774 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 4 099 Retained earnings 8 858 Revaluation reserves 0 Other reserves 130 177 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 4 984 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 749 892 TOTAL EQUITY AND TOTAL LIABILITIES 2 424 680

67 Statement of profit or loss as of 31 march 2018 income 13 700 ( expenses) 2 198 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 479 (Fee and commission expenses) 9 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -7 Gains or (-) losses on financial assets and liabilities held for trading, net 0 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 64 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 223 (Other operating expenses) 67 TOTAL OPERATING INCOME, NET 12 185 (Administrative expenses) 3 227 (Depreciation) 262 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -268 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 3 664 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 238 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 5 538 (Tax expense or (-) income related to profit or loss from continuing operations) 554 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 4 984 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 4 984 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

68 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 196 449 51 090 145 359 415 Central banks 0 0 0 0 General governments 190 355 51 090 139 265 409 Credit institutions 5 698 0 5 698 0 Other financial corporations 396 0 396 6 Non-financial corporations 0 0 0 0 income Loans and advances 2 236 575 1 601 525 544 599 12 835 Central banks 335 361 333 527 1 834 0 General governments 11 244 11 244 0 639 Credit institutions 320 608 210 826 20 374 804 Other financial corporations 80 126 51 056 29 070 202 Non-financial corporations 783 904 289 540 493 321 8 722 Households 705 332 705 332 0 2 468 o.w. Residential mortgage loans 1 927 1 927 0 16 o.w. Credit for consumption 862 862 0 9 expenses Deposits 1 670 957 648 187 932 484 1 821 Central banks 0 0 0 0 General governments 17 508 0 17 508 31 Credit institutions 850 364 2 501 846 850 1 659 Other financial corporations 136 266 133 627 2 464 94 Non-financial corporations 654 921 501 695 64 205 35 Households 11 898 10 364 1 457 2

69 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) Auditors Licensed by Order No. 100-000078 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 22-0842 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2272 of 16 November 2009 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. 3400 of 1999, lot No. 879, vol. 16, p. 38; re-entered in the Commercial Register to the Registry Agency, UIC 121856059, certificate No. 20080429100249 of 29 April 2008 1 Dyakon Ignatii Str., 1000 Sofia tel. 02/9306 333 Websites: www.bbr.bg Lachezar Dimitrov Borisov Chairman Mitko Emilov Simeonov Deputy Chairman Velina Ilieva Burska Stoyan Todorov Mavrodiev Chairman and Chief Executive Director Rumen Dimitrov Mitrov Deputy Chairman and Executive Director Nikolai Dimitrov Dimitrov Executive Director Ministry of the Economy, Energy and Tourism, Repulic of Bulgaria 100 per cent Ernst & Young Audit OOD Zaharinova and Partners OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

70 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 2 016 968 Financial assets held for trading 3 862 Non-trading financial assets mandatorily at fair value through profit or loss 56 741 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 521 222 Financial assets at amortised cost 2 588 699 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 84 333 Tangible assets 105 544 Intangible assets 1 360 Tax assets 327 Other assets 40 248 Non-current assets and disposal groups classified as held for sale 16 285 TOTAL ASSETS 5 435 589 LIABILITIES Financial liabilities held for trading 146 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 4 967 338 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 1 281 Tax liabilities 1 604 Share capital repayable on demand 0 Other liabilities 6 733 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 4 977 102 EQUITY Capital 113 154 Share premium 79 444 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 26 376 Retained earnings 25 599 Revaluation reserves 0 Other reserves 204 045 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 9 869 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 458 487 TOTAL EQUITY AND TOTAL LIABILITIES 5 435 589

71 Statement of profit or loss as of 31 march 2018 income 31 704 ( expenses) 4 906 (Expenses on share capital repayable on demand) 0 Dividend income 10 Fee and commission income 12 398 (Fee and commission expenses) 2 041 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -826 Gains or (-) losses on financial assets and liabilities held for trading, net 1 408 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 368 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -361 Gains or (-) losses on derecognition of non-financial assets, net 1 Other operating income 575 (Other operating expenses) 51 TOTAL OPERATING INCOME, NET 38 279 (Administrative expenses) 22 491 (Depreciation) 2 268 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -90 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 2 467 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 3 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 11 146 (Tax expense or (-) income related to profit or loss from continuing operations) 1 277 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 9 869 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 9 869 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

72 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 433 161 79 773 353 389 3 080 Central banks 0 0 0 0 General governments 369 872 77 312 292 560 2 384 Credit institutions 0 0 0 0 Other financial corporations 8 870 0 8 870 114 Non-financial corporations 54 420 2 461 51 959 582 income Loans and advances 4 453 570 3 353 815 866 056 28 624 Central banks 1 683 290 1 681 773 1 517 0 General governments 12 936 3 033 9 903 119 Credit institutions 247 387 159 34 776 989 Other financial corporations 259 458 156 394 102 851 2 451 Non-financial corporations 1 511 265 820 464 677 269 15 615 Households 739 234 691 992 39 740 9 450 o.w. Residential mortgage loans 282 770 254 773 27 965 2 624 o.w. Credit for consumption 444 426 435 431 7 564 6 822 expenses Deposits 4 896 443 3 413 836 1 183 932 3 161 Central banks 0 0 0 0 General governments 276 651 274 827 1 521 534 Credit institutions 10 883 768 8 299 73 Other financial corporations 48 414 43 919 3 901 128 Non-financial corporations 943 788 763 480 130 214 449 Households 3 616 707 2 330 842 1 039 997 1 977

73 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Licensed by Protocol No. 14 of 25 February 1991 of the BNB to conduct bank transactions in Bulgaria. License updated by: Order No. 100-000398 of 11 November 1998 of the BNB Governing Council to conduct bank transactions abroad; Order No. 100-00493 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0849 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2256 of 16 November 2009 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 831447150, certificate No. 20080718100200 of 18 July 2008 87 Tsarigradsko Shosse Blvd., 1086 Sofia tel. 02/9266 266 Website: www.ccbank.bg Ivo Kamenov Georgiev Chairman Central Cooperative Union Marin Velikov Mitev Rayna Dimitrova Kouzmova Alexander Asenov Vodenicharov Chairman Tsvetan Tsankov Botev Deputy Chairman Georgi Dimitrov Konstantinov Executive Director Sava Marinov Stoynov Executive Director Georgi Kossev Kostov Executive Director Alexander Dimitrov Kerezov Biser Yordanov Slavkov Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Procurator Shareholders (shares over 10 per cent) Auditors Tihomir Angelov Atanasov CCB Group EAD 68.56 per cent Deloitte Audit OOD Grant Thornton Ltd.

74 CITIBank Europe Bulgaria branch Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 404 972 Financial assets held for trading 14 159 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 87 421 Financial assets at amortised cost 165 470 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 1 199 Intangible assets 987 Tax assets 424 Other assets 7 305 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 681 937 LIABILITIES Financial liabilities held for trading 2 619 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 672 018 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 133 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 2 827 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 677 597 EQUITY Capital 0 Share premium 0 Equity instruments issued other than capital 0 Other equity 162 Accumulated other comprehensive income 549 Retained earnings 3 371 Revaluation reserves 0 Other reserves 0 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 258 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 4 340 TOTAL EQUITY AND TOTAL LIABILITIES 681 937

CITIBank Europe Bulgaria branch 75 Statement of profit or loss as of 31 march 2018 income 854 ( expenses) 666 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 1 783 (Fee and commission expenses) 381 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -1 Gains or (-) losses on financial assets and liabilities held for trading, net -1 551 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 3 949 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 655 (Other operating expenses) 212 TOTAL OPERATING INCOME, NET 4 430 (Administrative expenses) 3 917 (Depreciation) 148 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 12 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 24 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 329 (Tax expense or (-) income related to profit or loss from continuing operations) 71 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 258 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 258 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

76 CITIBank Europe Bulgaria branch Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 99 450 65 920 33 530 84 Central banks 0 0 0 0 General governments 99 450 65 920 33 530 84 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 570 116 154 086 277 118 770 Central banks 122 349 83 231 39 118 0 General governments 0 0 0 0 Credit institutions 313 782 0 176 123 244 Other financial corporations 1 1 0 0 Non-financial corporations 133 984 70 854 61 877 526 Households 0 0 0 0 o.w. Residential mortgage loans 0 0 0 0 o.w. Credit for consumption 0 0 0 0 expenses Deposits 669 574 363 535 165 159 157 Central banks 0 0 0 0 General governments 56 676 31 358 786 0 Credit institutions 17 612 17 572 40 1 Other financial corporations 53 834 9 125 15 019 0 Non-financial corporations 541 452 305 480 149 314 156 Households 0 0 0 0

CITIBank Europe Bulgaria branch 77 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the branch Management of a foreign bank s branch Shareholders (shares over 10 per cent) Auditor The Branch applies the EU principle of freedom of establishment in another Member State on the basis of the Single European Passport The European branch is entered in the Commercial Register to the Registry Agency on 17 December 2013, UIC 202861597; the new European branch started operations on 1 January 2014: the effective date of the transfer of the Citibank Sofia branch undertaking 48 Sitnyakovo Blvd., Serdika offices, floor 10, 1505 Sofia tel. 02/9175 100 Website: www.citibank.com/bulgaria Stanislava Petkova Taneva Governor Grigoriy Ananiev Ananiev Governor Borislava Stoyanova Jereva-Naymushina Governor Valentina Milosheva Rangelova Governor Svetoslav Stefanov Pintev Governor Citibank Europe Plc., Republic of Ireland 100 per cent KPMG Bulgaria OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

78 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 241 733 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 29 621 Financial assets at amortised cost 469 108 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 5 324 Tangible assets 40 823 Intangible assets 813 Tax assets 0 Other assets 12 402 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 799 824 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 687 635 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 590 Tax liabilities 529 Share capital repayable on demand 0 Other liabilities 5 556 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 694 310 EQUITY Capital 75 000 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 32 Retained earnings 9 500 Revaluation reserves 876 Other reserves 16 851 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 3 255 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 105 514 TOTAL EQUITY AND TOTAL LIABILITIES 799 824

79 Statement of profit or loss as of 31 march 2018 income 6 098 ( expenses) 783 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 2 097 (Fee and commission expenses) 212 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 8 Gains or (-) losses on financial assets and liabilities held for trading, net 0 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 802 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 549 (Other operating expenses) 613 TOTAL OPERATING INCOME, NET 7 946 (Administrative expenses) 4 508 (Depreciation) 398 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -577 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 3 617 (Tax expense or (-) income related to profit or loss from continuing operations) 362 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 3 255 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 3 255 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

80 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 96 760 35 824 60 936 688 Central banks 0 0 0 0 General governments 78 172 35 824 42 348 574 Credit institutions 15 527 0 15 527 99 Other financial corporations 1 957 0 1 957 4 Non-financial corporations 1 104 0 1 104 11 income Loans and advances 666 182 371 782 269 574 5 408 Central banks 176 869 169 475 7 394 0 General governments 10 504 10 504 0 134 Credit institutions 66 250 1 396 45 005 153 Other financial corporations 16 815 2 450 14 365 199 Non-financial corporations 331 099 133 944 193 292 4 079 Households 64 645 54 013 9 518 843 o.w. Residential mortgage loans 30 980 25 361 5 619 182 o.w. Credit for consumption 33 665 28 652 3 899 661 expenses Deposits 687 635 442 212 220 141 674 Central banks 0 0 0 0 General governments 62 834 62 476 358 26 Credit institutions 8 836 8 836 0 48 Other financial corporations 7 347 2 594 2 191 3 Non-financial corporations 258 773 184 492 65 416 91 Households 349 845 183 814 152 176 506

81 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) Auditors Licensed by Resolution No. 100-000101 of 12 March 1999 of the BNB Governor in accordance with the requirements of the Law on Banks. License updated by: Order No. RD 22-0862 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2264 of 16 November 2009 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. 50420, vol. 547, p. 178; re-entered in the Commercial Register to the Registry Agency, UIC 121884560, certificate No. 20080529100732 of 29 May 2008 8 General Totleben Blvd., 1606 Sofia tel. 02/989 4444 Website: www.dbank.bg Bahattin Gürbüz Valery Borissov Borissov Fuat Güven Chairman Anna Ivanova Asparuhova Chair and Executive Director Martin Emilov Ganchev Executive Director Plamen Ivanov Dermendzhiev Valentina Dimitrova Borisova Zahary Dimitrov Alipiev Fuat Güven (Fuat Hyuseinov Osmanov) 66.67 per cent FORTERA EAD, Republic of Bulgaria 33.33 per cent AFA OOD Baker Tilly Klitou and Partners Ltd. Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

82 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 611 147 Financial assets held for trading 195 018 Non-trading financial assets mandatorily at fair value through profit or loss 183 813 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 1 064 633 Financial assets at amortised cost 8 844 713 Derivatives hedge accounting 6 007 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 43 176 Tangible assets 326 618 Intangible assets 40 683 Tax assets 0 Other assets 50 140 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 12 365 948 LIABILITIES Financial liabilities held for trading 3 759 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 10 527 157 Derivatives hedge accounting 1 744 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 73 548 Tax liabilities 9 958 Share capital repayable on demand 0 Other liabilities 404 274 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 11 020 440 EQUITY Capital 153 984 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 141 253 Retained earnings 9 572 Revaluation reserves 0 Other reserves 982 208 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 58 491 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 1 345 508 TOTAL EQUITY AND TOTAL LIABILITIES 12 365 948

83 Statement of profit or loss as of 31 march 2018 income 113 171 ( expenses) 6 931 (Expenses on share capital repayable on demand) 0 Dividend income 10 Fee and commission income 41 660 (Fee and commission expenses) 3 635 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 526 Gains or (-) losses on financial assets and liabilities held for trading, net 10 451 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net -1 845 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net -537 Exchange differences [gain or (-) loss], net -1 407 Gains or (-) losses on derecognition of non-financial assets, net 162 Other operating income 1 977 (Other operating expenses) 11 317 TOTAL OPERATING INCOME, NET 142 285 (Administrative expenses) 48 993 (Depreciation) 8 269 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -2 509 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 22 542 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 64 990 (Tax expense or (-) income related to profit or loss from continuing operations) 6 499 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 58 491 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 58 491 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

84 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 1 420 960 179 235 837 522 8 450 Central banks 0 0 0 0 General governments 1 240 031 179 235 656 593 7 191 Credit institutions 180 929 0 180 929 1 259 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 10 804 913 7 021 921 2 816 416 102 152 Central banks 1 297 596 1 291 210 6 386 0 General governments 5 592 4 540 1 052 42 Credit institutions 1 928 406 20 011 946 260 3 013 Other financial corporations 49 049 26 717 22 332 268 Non-financial corporations 2 677 483 1 404 420 1 268 810 18 635 Households 4 846 787 4 275 023 571 576 80 194 o.w. Residential mortgage loans 1 976 854 1 587 745 389 041 26 976 o.w. Credit for consumption 2 630 216 2 495 566 134 531 52 459 expenses Deposits 10 527 157 7 492 893 2 307 588 1 997 Central banks 0 0 0 0 General governments 165 066 128 754 34 875 1 Credit institutions 280 604 49 636 24 526 975 Other financial corporations 140 186 111 371 14 046 10 Non-financial corporations 1 481 595 952 384 372 008 36 Households 8 459 706 6 250 748 1 862 133 975

85 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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 22-0882 of 26 September 2002 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 22-0843 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2251 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration 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 121830616, certificate No. 20080408143126 of 8 April 2008 Address of the head office Management Supervisory Board Management Board 19 Moskovska Str., 1036 Sofia tel. 02/9391 220 Website: www.dskbank.bg Laszlo Bencsik Chairman Laszlo Wolf Deputy Chairman Andras Takacs Gabor Kuncze Attila Kozsik Akos Ferenc Tisza-Papp Violina Marinova Spasova Chair and Chief Executive Director Diana Decheva Miteva Executive Director Dorothea Nikolaeva Nikolova Executive Director Yuriy Blagoev Genov Executive Director Margarita Dobreva Petrova-Karidi Executive Director Boyan Filipov Stefov Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors OTP Bank RT, Hungary 100 per cent Deloitte Audit OOD AFA OOD

86 Eurobank Bulgaria Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 894 116 Financial assets held for trading 18 818 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 394 244 Financial assets at amortised cost 6 072 273 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 15 505 Tangible assets 39 638 Intangible assets 47 681 Tax assets 3 256 Other assets 17 110 Non-current assets and disposal groups classified as held for sale 11 311 TOTAL ASSETS 7 513 952 LIABILITIES Financial liabilities held for trading 1 866 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 6 263 928 Derivatives hedge accounting 2 361 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 12 707 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 42 299 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 6 323 161 EQUITY Capital 560 323 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 25 567 Retained earnings 285 031 Revaluation reserves 0 Other reserves 282 521 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 37 349 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 1 190 791 TOTAL EQUITY AND TOTAL LIABILITIES 7 513 952

Eurobank Bulgaria 87 Statement of profit or loss as of 31 march 2018 income 79 391 ( expenses) 3 382 (Expenses on share capital repayable on demand) 0 Dividend income 6 Fee and commission income 20 635 (Fee and commission expenses) 3 792 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 1 523 Gains or (-) losses on financial assets and liabilities held for trading, net 2 118 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 6 Exchange differences [gain or (-) loss], net 188 Gains or (-) losses on derecognition of non-financial assets, net -1 Other operating income 926 (Other operating expenses) 5 624 TOTAL OPERATING INCOME, NET 91 994 (Administrative expenses) 32 883 (Depreciation) 3 250 Modification gains or (-) losses, net -1 430 (Provisions or (-) reversal of provisions) 557 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 12 318 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations -2 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 41 554 (Tax expense or (-) income related to profit or loss from continuing operations) 4 205 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 37 349 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 37 349 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

88 Eurobank Bulgaria Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 420 054 7 000 413 025 2 084 Central banks 0 0 0 0 General governments 401 273 7 000 394 244 1 976 Credit institutions 0 0 0 0 Other financial corporations 18 781 0 18 781 108 Non-financial corporations 0 0 0 0 income Loans and advances 7 325 112 3 954 834 3 087 696 74 620 Central banks 666 042 217 135 448 907 0 General governments 1 958 1 958 0 21 Credit institutions 1 283 637 195 1 143 205 5 022 Other financial corporations 84 680 38 594 46 086 505 Non-financial corporations 2 888 880 1 870 400 974 699 28 768 Households 2 399 915 1 826 552 474 799 40 304 o.w. Residential mortgage loans 1 507 898 1 020 466 407 253 15 835 o.w. Credit for consumption 859 836 797 261 47 452 23 381 expenses Deposits 6 263 928 3 811 058 1 984 684 2 268 Central banks 0 0 0 0 General governments 110 770 49 707 60 104 6 Credit institutions 61 388 28 724 5 718 260 Other financial corporations 292 677 170 524 88 796 238 Non-financial corporations 1 554 832 1 023 777 442 906 506 Households 4 244 261 2 538 326 1 387 160 1 258

Eurobank Bulgaria 89 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board 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 Bulgaria and abroad in accordance with the requirements of the Law on Banks and Credit Activity; Order No. 100-00488 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0845 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2252 of 16 November 2009 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. 10646 of 1991, lot No. 414, vol. 4, p. 91; re-entered in the Commercial Register to the Registry Agency, UIC 000694749, certificate No. 20080311154207 of 11 March 2008 260 Okolovrasten pat Str., 1766 Sofia tel. 02/816 6000 Website: www.postbank.bg Georgios Provopulos Chairman Theodoros Karakasis Deputy Chairman Michalakis Louis Christina Theofilidi Anastasios Nikolaou Stavros Ioannu Petia Nikolova Dimitrova Chair and Chief Executive Director Dimitar Borisov Shumarov Executive Director Asen Vasilev Yagodin Executive Director Ioannis Serafeimidis Executive Director Iordan Marinov Souvandjiev Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Procurator Shareholders (shares over 10 per cent) Auditors Milena Ivaylova Vaneva Eurobank Ergasias S.A., Greece 56.14 per cent ERB New Europe Holding B.V., Kingdom of the Netherlands 43.85 per cent Pricewaterhouse Coopers Audit OOD Moore Stephens Bulgaria Audit OOD

90 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 225 053 Financial assets held for trading 6 793 Non-trading financial assets mandatorily at fair value through profit or loss 42 304 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 666 450 Financial assets at amortised cost 5 062 730 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 36 357 Tangible assets 307 624 Intangible assets 5 956 Tax assets 0 Other assets 1 087 400 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 8 440 667 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 7 575 992 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 836 Tax liabilities 4 926 Share capital repayable on demand 0 Other liabilities 15 009 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 7 596 763 EQUITY Capital 110 000 Share premium 97 000 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 16 768 Retained earnings 85 466 Revaluation reserves 0 Other reserves 512 612 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 22 058 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 843 904 TOTAL EQUITY AND TOTAL LIABILITIES 8 440 667

91 Statement of profit or loss as of 31 march 2018 income 78 013 ( expenses) 16 077 (Expenses on share capital repayable on demand) 0 Dividend income 10 Fee and commission income 27 143 (Fee and commission expenses) 4 736 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 1 410 Gains or (-) losses on financial assets and liabilities held for trading, net -86 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 2 612 Gains or (-) losses on derecognition of non-financial assets, net 156 Other operating income 2 833 (Other operating expenses) 8 633 TOTAL OPERATING INCOME, NET 82 645 (Administrative expenses) 43 858 (Depreciation) 3 564 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 22 211 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 13 012 (Tax expense or (-) income related to profit or loss from continuing operations) -9 046 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 22 058 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 22 058 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

92 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 705 700 177 782 199 082 456 Central banks 0 0 0 0 General governments 644 092 177 782 188 061-626 Credit institutions 61 608 0 11 021 1 082 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 6 777 974 2 884 914 3 631 044 77 557 Central banks 827 749 41 990 785 759 0 General governments 1 546 1 488 58 7 Credit institutions 266 119 13 704 48 440 394 Other financial corporations 107 560 17 103 90 430 1 532 Non-financial corporations 4 025 947 1 707 380 2 264 423 45 479 Households 1 549 053 1 103 249 441 934 30 145 o.w. Residential mortgage loans 620 006 337 884 281 505 7 769 o.w. Credit for consumption 923 843 760 161 160 429 22 366 expenses Deposits 7 321 535 4 206 923 2 488 573 6 723 Central banks 0 0 0 0 General governments 71 951 70 023 1 928 16 Credit institutions 18 624 11 182 3 768 0 Other financial corporations 101 195 15 449 84 221 91 Non-financial corporations 1 114 952 640 109 339 305 410 Households 6 014 813 3 470 160 2 059 351 6 206

93 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board 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. 100-00498 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0857 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2257 of 16 November 2009 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. 18045 of 1993, lot No. 11941, vol. 163, p. 106; re-entered in the Commercial Register to the Registry Agency, UIC 831094393, certificate No. 20080421091311 of 21 April 2008 37 Dragan Tsankov Blvd., 1797 Sofia tel. 02/91 001 Website: www.fibank.bg Evgeni Krustev Lukanov Chairman Maya Lyubenova Georgieva Deputy Chair Georgi Dimitrov Mutafchiev Radka Veselinova Mineva Jordan Velichkov Skortchev Jyrki Ilmari Koskelo Nedelcho Vassilev Nedelchev Chairman and Chief Executive Director Sevdalina Ivanova Vassileva Executive Director Chavdar Gerorgiev Zlatev Executive Director Svetozar Alexandow Popov Executive Director Zhivko Ivanov Todorov Nadya Vassileva Koshinska Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors Tzeko Todorov Minev 42.5 per cent Ivaylo Dimitrov Mutafchiev 42.5 per cent BDO Bulgaria OOD Mazars OOD

94 ING Bank N.V., Sofia Branch Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 346 780 Financial assets held for trading 730 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 57 927 Financial assets at amortised cost 379 723 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 338 Intangible assets 283 Tax assets 971 Other assets 1 811 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 788 563 LIABILITIES Financial liabilities held for trading 1 207 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 761 403 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 349 Tax liabilities 3 144 Share capital repayable on demand 0 Other liabilities 28 562 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 794 665 EQUITY Capital 0 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 430 Retained earnings -7 205 Revaluation reserves 0 Other reserves 1 291 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -618 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY -6 102 TOTAL EQUITY AND TOTAL LIABILITIES 788 563

ING Bank N.V., Sofia Branch 95 Statement of profit or loss as of 31 march 2018 income 2 087 ( expenses) 567 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 879 (Fee and commission expenses) 147 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 432 Gains or (-) losses on financial assets and liabilities held for trading, net -1 423 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 2 228 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 672 (Other operating expenses) 0 TOTAL OPERATING INCOME, NET 4 161 (Administrative expenses) 4 685 (Depreciation) 65 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 29 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS -618 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -618 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR -618 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

96 ING Bank N.V., Sofia Branch Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 57 927 38 500 19 427 82 Central banks 0 0 0 0 General governments 57 927 38 500 19 427 82 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 725 514 67 755 630 848 1 652 Central banks 33 893 33 893 0-13 General governments 0 0 0 0 Credit institutions 316 118 1 305 299 609 72 Other financial corporations 0 0 0 4 Non-financial corporations 375 503 32 557 331 239 1 589 Households 0 0 0 0 o.w. Residential mortgage loans 0 0 0 0 o.w. Credit for consumption 0 0 0 0 expenses Deposits 761 403 365 541 266 184 214 Central banks 0 0 0 0 General governments 548 548 0 0 Credit institutions 350 220 119 397 164 016 164 Other financial corporations 20 692 7 865 8 719 0 Non-financial corporations 389 943 237 731 93 449 50 Households 0 0 0 0

ING Bank N.V., Sofia Branch 97 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the branch Management of a foreign bank s branch Shareholders (shares over 10 per cent) Auditor 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. 100-00563 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. 20080618132823 of 18 June 2008 49B, Bulgaria Blvd., entr. A, seventh floor, 1404 Sofia tel. 02/917 6400 Website: www.ing.bg Grzegorz Marek Konieczny Chief Executive Director Vladimir Boyanov Tchimov Executive Director Miroslava Mihailova Strashilova Executive Director Tsvetomir Stefanov Uzunov Executive Director ING Bank N.V., Kingdom of the Netherlands 100 per cent Ernst & Young Audit OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

98 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 330 485 Financial assets held for trading 500 Non-trading financial assets mandatorily at fair value through profit or loss 2 767 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost 990 509 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 3 205 Tangible assets 53 212 Intangible assets 1 844 Tax assets 588 Other assets 20 985 Non-current assets and disposal groups classified as held for sale 901 TOTAL ASSETS 1 404 996 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 286 269 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 41 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 13 521 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 299 831 EQUITY Capital 30 306 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 0 Retained earnings 73 530 Revaluation reserves 0 Other reserves 0 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 1 329 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 105 165 TOTAL EQUITY AND TOTAL LIABILITIES 1 404 996

99 Statement of profit or loss as of 31 march 2018 income 7 113 ( expenses) 3 116 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 4 255 (Fee and commission expenses) 375 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net -281 Gains or (-) losses on financial assets and liabilities held for trading, net 682 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -29 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 467 (Other operating expenses) 1 240 TOTAL OPERATING INCOME, NET 7 476 (Administrative expenses) 5 609 (Depreciation) 434 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 1 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 103 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 1 329 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 1 329 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 1 329 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

100 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 63 413 15 509 47 756 294 Central banks 0 0 0 0 General governments 43 276 13 460 29 668 90 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 20 137 2 049 18 088 204 income Loans and advances 1 262 387 679 238 492 647 6 819 Central banks 107 918 76 366 31 552 0 General governments 7 284 7 284 0 80 Credit institutions 507 332 260 230 184 099 517 Other financial corporations 12 958 894 12 064 56 Non-financial corporations 571 600 313 293 230 808 5 697 Households 55 295 21 171 34 124 469 o.w. Residential mortgage loans 27 650 10 917 16 733 271 o.w. Credit for consumption 27 645 10 254 17 391 198 expenses Deposits 1 276 199 816 716 367 770 2 340 Central banks 0 0 0 0 General governments 96 411 94 331 2 080 9 Credit institutions 0 0 0 9 Other financial corporations 19 457 14 063 5 338 22 Non-financial corporations 382 805 246 909 116 811 432 Households 777 526 461 413 243 541 1 868

101 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) Licensed by Protocol No. 42 of 25 October 1989 of the BNB Governing Council. By Protocol No. 93 of 20 December 1990 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. 100-00492 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0847 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2263 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by resolution of 6 May 1991 of the Sofia City Court on company file No. 2367 of 1991, lot No. 53, vol. 1, p. 140; re-entered in the Commercial Register to the Registry Agency, UIC 000694329, certificate No. 20080609113132 of 9 June 2008 81 83 Todor Alexandrov Blvd., 1303 Sofia tel. 02/812 0234; 02/812 0366 Website: www.iabank.bg Ivan Minkov Dragnevski Chairman Georgi Stoinev Harizanov Deputy Chairman Georgi Borislavov Georgiev Victor Georgiev Vulkov Rumyana Lyubenova Gotseva-Yordanova Aleksey Asenov Tsvetanov Chairman and Chief Executive Director Rumen Georgiev Sirakov Deputy Chairman and Executive Director Maria Andreeva Guneva Dynatrade International OOD 33 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditors BDO Bulgaria OOD Audit Correct Ltd.

102 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 354 625 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 28 867 Financial assets at fair value through other comprehensive income 330 299 Financial assets at amortised cost 963 980 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 89 498 Intangible assets 1 604 Tax assets 299 Other assets 14 296 Non-current assets and disposal groups classified as held for sale 201 760 TOTAL ASSETS 1 985 228 LIABILITIES 0 Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 824 450 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 1 427 Tax liabilities 1 362 Share capital repayable on demand 0 Other liabilities 3 439 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 830 678 EQUITY Capital 121 667 Share premium 28 333 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income -2 485 Retained earnings -30 322 Revaluation reserves 0 Other reserves 34 699 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 2 658 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 154 550 TOTAL EQUITY AND TOTAL LIABILITIES 1 985 228

103 Statement of profit or loss as of 31 march 2018 income 11 437 ( expenses) 3 777 (Expenses on share capital repayable on demand) 0 Dividend income 3 Fee and commission income 6 642 (Fee and commission expenses) 621 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 351 Gains or (-) losses on financial assets and liabilities held for trading, net 0 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net -71 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 688 Gains or (-) losses on derecognition of non-financial assets, net -1 Other operating income 543 (Other operating expenses) 2 391 TOTAL OPERATING INCOME, NET 12 803 (Administrative expenses) 6 440 (Depreciation) 512 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 652 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 3 051 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 510 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 2 658 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 2 658 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 2 658 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

104 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 527 671 50 303 448 110 1 504 Central banks 0 0 0 0 General governments 517 132 39 983 447 891 1 408 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 10 539 10 320 219 96 income Loans and advances 1 149 872 356 222 748 113 9 933 Central banks 275 013 118 682 156 331 0 General governments 8 839 8 839 0 151 Credit institutions 47 652 1 868 23 387 83 Other financial corporations 21 669 158 21 511 408 Non-financial corporations 652 214 182 234 447 674 7 258 Households 144 485 44 441 99 210 2 033 o.w. Residential mortgage loans 60 203 8 557 51 613 795 o.w. Credit for consumption 84 282 35 884 47 597 1 238 expenses Deposits 1 773 920 1 094 680 603 110 3 427 Central banks 0 0 0 0 General governments 192 053 191 283 741 2 Credit institutions 8 0 8 0 Other financial corporations 20 602 7 976 12 478 239 Non-financial corporations 350 444 209 194 112 250 419 Households 1 210 813 686 227 477 633 2 767

105 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 100-000574 of 27 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0844 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2261 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration 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. 21604, vol. 261, reg. 1, p. 130; re-entered in the Commercial Register to the Registry Agency, UIC 831663282, certificate No. 20080526122145 of 26 May 2008 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) 85 Bulgaria Blvd., 1404 Sofia tel. 02/818 6123 Website: www.ibank.bg Petia Ivanova Barakova-Slavova Chair Festa Holding AD Dimitriyka Lazarova Andreeva Plamen Yordanov Milkov Chairman and Executive Director Vesela Ivanova Koleva-Dzhidzheva Executive Director Zdravka Rumenova Ruseva Executive Director Krasimira Ivanova Todorova Executive Director Petia Ivanova Barakova-Slavova 13.49 per cent ADIL SAID AHMED AL SHANFARI, Sultanate of Oman 34.25 per cent Festa Holding 51.69 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditors BDO Bulgaria OOD Audit Correct OOD

106 MUNICIPAL BANK PLC Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 398 688 Financial assets held for trading 11 507 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 107 244 Financial assets at fair value through other comprehensive income 133 639 Financial assets at amortised cost 915 235 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 1 666 Tangible assets 62 076 Intangible assets 1 834 Tax assets 40 Other assets 27 596 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 1 659 525 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 557 970 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 764 Tax liabilities 791 Share capital repayable on demand 0 Other liabilities 3 530 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 563 055 EQUITY Capital 57 362 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 18 398 Retained earnings 32 Revaluation reserves 0 Other reserves 21 501 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -823 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 96 470 TOTAL EQUITY AND TOTAL LIABILITIES 1 659 525

MUNICIPAL BANK PLC 107 Statement of profit or loss as of 31 march 2018 income 8 196 ( expenses) 703 (Expenses on share capital repayable on demand) 0 Dividend income 3 Fee and commission income 2 775 (Fee and commission expenses) 279 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 273 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net -1 262 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -111 Gains or (-) losses on derecognition of non-financial assets, net 2 Other operating income 235 (Other operating expenses) 1 367 TOTAL OPERATING INCOME, NET 7 762 (Administrative expenses) 8 541 (Depreciation) 699 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -12 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -643 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS -823 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -823 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR -823 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

108 MUNICIPAL BANK PLC Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 669 244 257 691 411 299 3 906 Central banks 0 0 0 0 General governments 669 163 257 691 411 299 3 906 Credit institutions 81 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 909 307 603 045 268 081 4 290 Central banks 333 492 296 092 37 400 0 General governments 66 756 64 079 2 677 467 Credit institutions 166 910 22 981 106 056 134 Other financial corporations 6 527 5 941 278 120 Non-financial corporations 260 865 154 839 106 026 2 302 Households 74 757 59 113 15 644 1 267 o.w. Residential mortgage loans 20 605 15 758 4 847 266 o.w. Credit for consumption 54 152 43 355 10 797 1 001 expenses Deposits 1 553 014 1 284 458 226 623 415 Central banks 0 0 0 0 General governments 530 743 500 549 30 012 139 Credit institutions 11 026 11 016 6 0 Other financial corporations 3 820 2 372 1 414 2 Non-financial corporations 385 660 330 145 39 334 25 Households 621 765 440 376 155 857 249

MUNICIPAL BANK PLC 109 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) 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. 100-00491 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0851 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2259 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions Entered in the Commercial Register by Resolution No. 1 of 4 April 1996 of the Sofia City Court on company file No. 5197 of 1996, lot No. 737, vol. 13, reg. II, p. 138; re-entered in the Commercial Register to the Registry Agency, UIC 121086224, certificate No. 20091006100436 of 6 October 2009 6 Vrabcha Str., 1000 Sofia tel. 02/9300 111 Website: www.municipalbank.bg Stefan Lazarov Nenov Chairman Zdravko Borisov Gargarov Deputy Chairman Spas Simeonov Dimitrov Angel Kirilov Guekov Chairman and Executive Director Borislav Yavorov Chilikov Executive Director Vladimir Georgiev Kotlarski Deputy Chairman Todor Nikolov Vanev NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein 67.65 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditors Grant Thornton OOD PCM BG EOOD

110 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 004 914 Financial assets held for trading 210 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 72 509 Financial assets at amortised cost 1 602 674 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 553 Tangible assets 11 748 Intangible assets 5 388 Tax assets 414 Other assets 180 026 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 2 878 436 LIABILITIES Financial liabilities held for trading 88 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 2 479 157 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 3 420 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 22 002 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 2 504 667 EQUITY Capital 316 797 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 2 165 Retained earnings 19 048 Revaluation reserves 0 Other reserves 33 815 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 1 944 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 373 769 TOTAL EQUITY AND TOTAL LIABILITIES 2 878 436

111 Statement of profit or loss as of 31 march 2018 income 16 980 ( expenses) 2 757 (Expenses on share capital repayable on demand) 0 Dividend income 3 Fee and commission income 6 833 (Fee and commission expenses) 1 482 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 301 Gains or (-) losses on financial assets and liabilities held for trading, net 1 653 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -98 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 193 (Other operating expenses) 259 TOTAL OPERATING INCOME, NET 21 367 (Administrative expenses) 14 940 (Depreciation) 1 504 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 17 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 2 827 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 135 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 1 944 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 1 944 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 1 944 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

112 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 67 673 32 901 33 860 129 Central banks 0 0 0 0 General governments 67 673 32 901 33 860 129 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 2 680 757 823 389 1 677 231 16 839 Central banks 512 048 190 689 321 359 0 General governments 0 0 0 0 Credit institutions 563 864 2 499 434 468 988 Other financial corporations 13 139 11 014 2 125 0 Non-financial corporations 1 237 786 392 175 805 521 11 033 Households 353 920 227 012 113 758 4 818 o.w. Residential mortgage loans 216 884 102 778 101 335 2 351 o.w. Credit for consumption 135 552 122 750 12 423 2 467 expenses Deposits 2 494 248 1 134 356 1 175 664 2 239 Central banks 0 0 0 0 General governments 2 088 2 088 0 1 Credit institutions 342 302 22 241 307 171 1 032 Other financial corporations 30 709 27 461 3 110 5 Non-financial corporations 684 120 379 768 264 443 169 Households 1 435 029 702 798 600 940 1 032

113 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 100-00503 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0855 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2260 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions. Legal registration Entered in the Commercial Register by Resolution No. 1 of 8 March 1994 of the Sofia City Court on company file No. 24013 of 1993, lot No. 15059, vol. 194, p. 174; re-entered in the Commercial Register to the Registry Agency, UIC 831633691, certificate No. 20080423143423 of 23 April 2008 Address of the head office Management Board of Directors Shareholders (shares over 10 per cent) Auditors 115 E Tsarigradsko Shose Blvd., 1784 Sofia tel. 02/800 4182 Website: www.piraeusbank.bg Ioannis Kyriakopoulos Chairman and Chief Executive Director Emil Angelov Angelov Deputy Chairman and Chief Executive Director Lyubomir Ignatov Punchev Executive Director Alkiviadis Alexandrou Minko Hristov Gerdjikov Piraeus Bank S.A., Greece 99.98 per cent Deloitte Audit OOD Baker Tilly Klitou and Partners Ltd. Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

114 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 329 021 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 19 597 Financial assets at amortised cost 1 482 102 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 419 Tangible assets 23 964 Intangible assets 3 774 Tax assets 1 085 Other assets 6 460 Non-current assets and disposal groups classified as held for sale 8 402 TOTAL ASSETS 1 874 824 LIABILITIES Financial liabilities held for trading 132 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 1 643 313 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 904 Tax liabilities 1 767 Share capital repayable on demand 0 Other liabilities 4 135 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 1 650 251 EQUITY Capital 164 209 Share premium 3 496 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 1 293 Retained earnings 31 447 Revaluation reserves 0 Other reserves 12 924 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 11 204 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 224 573 TOTAL EQUITY AND TOTAL LIABILITIES 1 874 824

115 Statement of profit or loss as of 31 march 2018 income 15 023 ( expenses) 1 332 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 5 669 (Fee and commission expenses) 504 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 1 545 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 140 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 2 473 (Other operating expenses) 183 TOTAL OPERATING INCOME, NET 22 831 (Administrative expenses) 8 577 (Depreciation) 1 103 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -124 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 258 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 567 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 12 450 (Tax expense or (-) income related to profit or loss from continuing operations) 1 246 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 11 204 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 11 204 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

116 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 15 412 13 340 2 072 40 Central banks 0 0 0 0 General governments 15 412 13 340 2 072 40 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 1 819 338 803 920 963 739 14 982 Central banks 150 586 44 365 106 221 0 General governments 0 0 0 0 Credit institutions 184 422 0 134 572 90 Other financial corporations 0 0 0 0 Non-financial corporations 1 415 105 711 933 701 343 14 140 Households 69 225 47 622 21 603 752 o.w. Residential mortgage loans 62 319 41 257 21 062 605 o.w. Credit for consumption 5 923 5 580 343 118 expenses Deposits 1 643 312 895 898 693 472 1 140 Central banks 0 0 0 0 General governments 0 0 0 0 Credit institutions 240 783 100 240 683 512 Other financial corporations 104 913 104 853 55 101 Non-financial corporations 936 084 576 253 318 434 322 Households 361 532 214 692 134 300 205

117 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Licensed by Order No. RD 22-442 of 25 September 2001 of the BNB Governor to conduct bank transactions under the Law on Banks. License updated by: Order No. RD 22-1559 of 20 July 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2269 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Legal registration Entered in the Commercial Register by Resolution No. 1 of 28 September 2001 of the Sofia City Court on company file No. 9478 of 2001, lot No. 64228, vol. 733, p. 116; re-entered in the Commercial Register to the Registry Agency, UIC 130598160, certificate No. 20080418121745 of 18 April 2008 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) Auditors 26 Todor Alexandrov Blvd., 1303 Sofia tel. 02/813 5100; 02/813 5808 Website: www.procreditbank.bg Petar Slavchev Slavov Chairman Christoph Andreas Freytag Borislav Nikolov Kostadinov Claus-Peter Zeitinger Christian Krämer Rumyana Velichkova Todorova Executive Director Reni Ivanova Peycheva Executive Director Ivan Dachev Dachev Executive Director PROCREDIT HOLDING AG & CO.KGAA, Federal Republic of Germany 100 per cent Pricewaterhouse Coopers Audit OOD Baker Tilly Klitou and Partners OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

118 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 256 498 Financial assets held for trading 58 329 Non-trading financial assets mandatorily at fair value through profit or loss 27 792 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 385 762 Financial assets at amortised cost 5 197 200 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 55 256 Tangible assets 29 091 Intangible assets 31 475 Tax assets 0 Other assets 28 610 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 7 070 013 LIABILITIES Financial liabilities held for trading 5 564 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 6 057 531 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 30 544 Tax liabilities 173 Share capital repayable on demand 0 Other liabilities 49 679 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 6 143 491 EQUITY Capital 603 448 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 4 233 Retained earnings 223 320 Revaluation reserves -5 272 Other reserves 86 443 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 14 350 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 926 522 TOTAL EQUITY AND TOTAL LIABILITIES 7 070 013

119 Statement of profit or loss as of 31 march 2018 income 50 863 ( expenses) 3 773 (Expenses on share capital repayable on demand) 0 Dividend income 2 Fee and commission income 27 339 (Fee and commission expenses) 5 822 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 1 Gains or (-) losses on financial assets and liabilities held for trading, net 731 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net -19 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 142 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 421 (Other operating expenses) 16 767 TOTAL OPERATING INCOME, NET 53 118 (Administrative expenses) 32 876 (Depreciation) 3 662 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -412 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 1 261 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 15 731 (Tax expense or (-) income related to profit or loss from continuing operations) 1 381 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 14 350 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 14 350 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

120 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 893 093 245 355 600 900 4 313 Central banks 0 0 0 0 General governments 746 403 245 355 454 210 4 096 Credit institutions 126 862 0 126 862 217 Other financial corporations 0 0 0 0 Non-financial corporations 19 828 0 19 828 0 income Loans and advances 6 030 142 3 489 199 2 165 359 46 313 Central banks 797 586 709 480 88 106 0 General governments 13 772 7 929 5 843 79 Credit institutions 744 429 5 440 409 393 1 077 Other financial corporations 123 234 2 123 232 361 Non-financial corporations 2 444 444 1 188 521 1 209 960 23 035 Households 1 906 677 1 577 827 328 825 21 761 o.w. Residential mortgage loans 944 811 649 994 294 817 6 491 o.w. Credit for consumption 959 402 885 181 74 220 15 270 expenses Deposits 5 976 783 3 190 482 2 360 812 3 316 Central banks 0 0 0 0 General governments 44 260 43 170 1 090 22 Credit institutions 561 687 69 762 491 873 2 952 Other financial corporations 75 063 47 310 17 269 27 Non-financial corporations 2 115 308 1 229 774 684 453 33 Households 3 180 465 1 800 466 1 166 127 282

121 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB 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. 100-00497 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0850 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2254 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions Legal registration 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. 230, p. 38; re-entered in the Commercial Register to the Registry Agency, UIC 831558413, certificate No. 20080311142522 of 11 March 2008 Address of the head office Management Supervisory Board Management Board 55 Nikola Vaptsarov Blvd., 1407 Sofia tel. 02/919 851 01 Website: www.rbb.bg Helmut Breit Chairman Martin Gruell Kurt Bruckner Gerda Lottersberger-Roschitz Robert Wagenleitner Fabian Stenzel Monika Ruch Oliver Roegl Chairman and Chief Executive Director Dobromir Slavov Dobrev Deputy Chairman and Executive Director Ani Vasileva Angelova Executive Director Martin Josef Pytlik Executive Director Nedialko Velikov Mihailov Executive Director Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Procurator Shareholders (shares over 10 per cent) Auditors Mihail Tanev Petkov Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria 100 per cent Ernst & Young Audit OOD AFA OOD

122 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 216 709 Financial assets held for trading 77 473 Non-trading financial assets mandatorily at fair value through profit or loss 4 592 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 657 542 Financial assets at amortised cost 4 534 531 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 12 565 Tangible assets 50 509 Intangible assets 8 465 Tax assets 8 677 Other assets 14 780 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 6 585 843 LIABILITIES Financial liabilities held for trading 16 368 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 5 720 657 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 16 584 Tax liabilities 517 Share capital repayable on demand 0 Other liabilities 103 720 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 5 857 846 EQUITY Capital 33 674 Share premium 45 070 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 12 900 Retained earnings 73 653 Revaluation reserves 0 Other reserves 554 519 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 8 181 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 727 997 TOTAL EQUITY AND TOTAL LIABILITIES 6 585 843

123 Statement of profit or loss as of 31 march 2018 income 43 755 ( expenses) 4 394 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 17 338 (Fee and commission expenses) 3 540 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 6 038 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 0 Gains or (-) losses on derecognition of non-financial assets, net 38 Other operating income 613 (Other operating expenses) 20 719 TOTAL OPERATING INCOME, NET 39 129 (Administrative expenses) 19 386 (Depreciation) 2 296 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) -714 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 9 082 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) -26 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 9 105 (Tax expense or (-) income related to profit or loss from continuing operations) 924 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 8 181 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 8 181 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

124 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 725 984 339 030 253 056 2 470 Central banks 0 0 0 0 General governments 725 984 339 030 253 056 2 470 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 5 994 391 3 502 825 2 400 654 41 118 Central banks 1 087 607 1 087 607 0 0 General governments 28 821 16 745 12 076 178 Credit institutions 710 427 10 004 664 267 171 Other financial corporations 297 845 33 261 264 460 442 Non-financial corporations 2 309 439 1 032 596 1 222 592 15 128 Households 1 560 252 1 322 612 237 259 25 199 o.w. Residential mortgage loans 650 749 447 525 202 930 5 636 o.w. Credit for consumption 945 322 884 303 60 805 17 077 expenses Deposits 5 720 657 3 044 101 1 894 017 3 279 Central banks 0 0 0 0 General governments 35 036 12 908 21 180 5 Credit institutions 383 703 160 710 68 265 1 048 Other financial corporations 79 641 58 618 20 121 2 Non-financial corporations 1 851 729 1 071 544 562 241 204 Households 3 370 548 1 740 321 1 222 210 2 020

125 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board 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. 100-00490 of 17 November 1999 in accordance with the requirements of the Law on Banks; Order No. RD 22-0848 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD 22-2253 of 16 November 2009 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. 4024 of 24 June 1993 of the Varna Regional Court on company file No. 4024 of 1993, lot No. 33, vol. 30, p. 125; re-entered in the Commercial Register to the Registry Agency, UIC 813071350, certificate No. 20080411121833 of 11 April 2008 92 Vladislav Varnenchik Blvd., 9000 Varna tel. 052/686 100 Website: www.sgeb.bg Martin Mihailov Zaimov Chairman Didier Colin Giovanni Luca Soma Ingrid Bocris Marie Sophie Le Picard Arnaud Rene Julien Leclair Chairman and Chief Executive Director Willy-Pierre Abbal Executive Director Elenka Petrova Bakalova Executive Director Zdenek Metelak Executive Director Martina Angelova Macheva Executive Director Eric Hauschild Executive Director Zhivka Stoyanova Sarachinova Procurator Daniela Dimitrova Hristova Procurator Slaveyko Lyubomirov Slaveykov Procurator Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors Société Générale S.A., Republic of France 99.74 per cent Ernst & Young Audit OOD Deloitte Audit OOD

126 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 200 300 Financial assets held for trading 23 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 26 082 Financial assets at amortised cost 442 407 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 11 148 Tangible assets 10 814 Intangible assets 3 325 Tax assets 1 997 Other assets 14 106 Non-current assets and disposal groups classified as held for sale 8 667 TOTAL ASSETS 718 869 LIABILITIES Financial liabilities held for trading 217 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 531 550 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 0 Tax liabilities 1 152 Share capital repayable on demand 0 Other liabilities 14 927 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 547 846 EQUITY Capital 81 600 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 60 Retained earnings 71 718 Revaluation reserves 0 Other reserves 8 350 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 9 295 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 171 023 TOTAL EQUITY AND TOTAL LIABILITIES 718 869

127 Statement of profit or loss as of 31 march 2018 income 28 744 ( expenses) 1 287 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 4 736 (Fee and commission expenses) 702 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 132 Gains or (-) losses on financial assets and liabilities held for trading, net -378 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 156 Gains or (-) losses on derecognition of non-financial assets, net -45 Other operating income 69 (Other operating expenses) 79 TOTAL OPERATING INCOME, NET 31 346 (Administrative expenses) 11 725 (Depreciation) 473 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 9 279 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) -2 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 576 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 10 447 (Tax expense or (-) income related to profit or loss from continuing operations) 1 152 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 9 295 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 9 295 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

128 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 25 993 0 22 774 305 Central banks 0 0 0 0 General governments 16 361 0 16 361 61 Credit institutions 0 0 0 0 Other financial corporations 9 632 0 6 413 244 Non-financial corporations 0 0 0 0 income Loans and advances 674 355 279 370 195 032 28 439 Central banks 188 154 31 913 151 996 2 General governments 0 0 0 0 Credit institutions 8 977 126 5 675 7 Other financial corporations 203 0 111 0 Non-financial corporations 118 178 25 485 37 086 3 281 Households 358 843 221 846 164 25 149 o.w. Residential mortgage loans 166 39 127 2 o.w. Credit for consumption 358 677 221 807 37 25 147 expenses Deposits 531 550 222 467 200 534 1 273 Central banks 0 0 0 0 General governments 411 411 0 2 Credit institutions 18 323 0 7 824 15 Other financial corporations 55 750 14 152 36 524 59 Non-financial corporations 46 444 12 682 30 177 35 Households 410 622 195 222 126 009 1 162

129 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Licensed by Order No. RD 22-1067 of 13 August 2003 of the BNB Governor to conduct bank transactions in Bulgaria and abroad. License updated by: Order No. RD 22-1560 of 20 July 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2270 of 16 November 2009 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 2011 of the BNB Deputy Governor heading the Banking Supervision Department permitting NLB Banka Sofia to change its name to TBI Bank. Legal registration Entered in the Commercial Register by Resolution No. 1 of 28 August 2003 of the Sofia City Court on company file No. 9270 of 2003, lot No. 78318, vol. 927, reg. I, p. 158; re-entered in the Commercial Register to the Registry Agency, UIC 131134023, certificate No. 20080317132719 of 17 March 2008 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) 52 54 Dimitar Hadzikotsev Str., 1421 Sofia tel. 02/816 3777 Website: www.tbibank.bg Ariel Shalom Hasson Chairman Kieran Donnelly Nicholas Philpott Gauthier Van Weddingen Nikolai Georgiev Spasov Executive Director Florentina-Virginia Tudor Mircea Executive Director Valentin Angelov Galabov Executive Director Alexander Chavdarov Dimitrov Executive Director Gergana Staikova Staikova TBIF Financial Services B.V., Kingdom of the Netherlands 100 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditor Ernst & Young Audit EOOD AFA OOD

130 T.C. Ziraat Bank, Sofia Branch Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 29 153 Financial assets held for trading 8 818 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 0 Financial assets at amortised cost 82 540 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 413 Intangible assets 276 Tax assets 47 Other assets 159 Non-current assets and disposal groups classified as held for sale 944 TOTAL ASSETS 122 350 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 92 242 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 121 Tax liabilities 42 Share capital repayable on demand 0 Other liabilities 369 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 92 774 EQUITY Capital 0 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 5 Retained earnings 0 Revaluation reserves 0 Other reserves 29 008 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 563 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 29 576 TOTAL EQUITY AND TOTAL LIABILITIES 122 350

T.C. Ziraat Bank, Sofia Branch 131 Statement of profit or loss as of 31 march 2018 income 475 ( expenses) 37 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 381 (Fee and commission expenses) 35 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 122 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net 0 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 15 (Other operating expenses) 20 TOTAL OPERATING INCOME, NET 901 (Administrative expenses) 577 (Depreciation) 69 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -308 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 563 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 563 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 563 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

132 T.C. Ziraat Bank, Sofia Branch Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 8 818 0 8 818 100 Central banks 0 0 0 0 General governments 8 818 0 8 818 100 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 112 658 9 799 84 805 384 Central banks 9 555 4 045 5 510 0 General governments 0 0 0 0 Credit institutions 68 888 0 53 971 184 Other financial corporations 0 0 0 0 Non-financial corporations 30 825 4 905 24 075 160 Households 3 390 849 1 249 39 o.w. Residential mortgage loans 1 072 245 638 12 o.w. Credit for consumption 2 318 604 611 28 expenses Deposits 92 242 14 628 59 527 29 Central banks 0 0 0 0 General governments 1 144 386 752 0 Credit institutions 6 750 97 666 1 Other financial corporations 1 1 0 0 Non-financial corporations 54 328 8 365 40 673 6 Households 30 019 5 779 17 436 23

T.C. Ziraat Bank, Sofia Branch 133 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the branch Management of a foreign bank s branch Shareholders (shares over 10 per cent) Auditors By Order No. 100-000218 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 22-2280 of 25 October 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions Order No. RD 22-2274 of 16 November 2009 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 2010 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. 8801 of 1998, lot No. 863, vol. 15, p. 173; re-entered in the Commercial Register to the Registry Agency, UIC 121704731, certificate No. 20080510122735 of 10 May 2008 87 Tsar Samuil Str., 1301 Sofia tel. 02/980 00 87 Website: www.ziraatbank.bg Fazilet Çavdar President Milka Ivanova Kosturska Vice President Serkan Atasoy Vice President T.C. Ziraat Bankasi A.Ş., Republic of Turkey 100 per cent Grant Thornton OOD HLB Bulgaria OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

134 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 44 575 Financial assets held for trading 14 862 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 26 254 Financial assets at amortised cost 125 566 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 451 Tangible assets 20 928 Intangible assets 2 249 Tax assets 0 Other assets 8 414 Non-current assets and disposal groups classified as held for sale 586 TOTAL ASSETS 243 885 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 204 283 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 341 Tax liabilities 89 Share capital repayable on demand 0 Other liabilities 3 182 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 207 895 EQUITY Capital 27 995 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 5 848 Retained earnings -488 Revaluation reserves 0 Other reserves 2 099 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 536 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 35 990 TOTAL EQUITY AND TOTAL LIABILITIES 243 885

135 Statement of profit or loss as of 31 march 2018 income 2 026 ( expenses) 155 (Expenses on share capital repayable on demand) 0 Dividend income 220 Fee and commission income 1 074 (Fee and commission expenses) 143 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 58 Gains or (-) losses on financial assets and liabilities held for trading, net 522 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -6 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 90 (Other operating expenses) 21 TOTAL OPERATING INCOME, NET 3 665 (Administrative expenses) 2 919 (Depreciation) 286 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 1 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -77 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 536 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 536 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 536 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

136 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 18 511 4 182 14 329 153 Central banks 0 0 0 0 General governments 4 615 1 546 3 069 39 Credit institutions 0 0 0 0 Other financial corporations 7 270 0 7 270 23 Non-financial corporations 6 626 2 636 3 990 91 income Loans and advances 167 557 112 248 46 496 1 865 Central banks 33 845 11 594 22 251 0 General governments 0 0 0 0 Credit institutions 9 990 148 1 029 19 Other financial corporations 12 306 12 112 194 167 Non-financial corporations 84 317 63 636 20 681 1 097 Households 27 099 24 758 2 341 582 o.w. Residential mortgage loans 4 930 3 765 1 165 44 o.w. Credit for consumption 22 169 20 993 1 176 538 expenses Deposits 204 283 125 972 67 911 137 Central banks 0 0 0 0 General governments 260 260 0 0 Credit institutions 1 495 0 0 6 Other financial corporations 19 550 14 537 4 968 2 Non-financial corporations 81 526 51 368 25 998 31 Households 101 452 59 807 36 945 98

137 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board 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. 100-00570 of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0852 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2268 of 16 November 2009 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. 24103 of 1992, lot No. 4542, vol. 89, p. 180; re-entered in the Commercial Register to the Registry Agency, UIC 040534040, certificate No. 20080528152148 of 28 May 2008 141 Todor Alexandrov Blvd., 1309 Sofia tel. 02/903 5505; 02/903 5501; 02/903 5700 Website: www.teximbank.bg Apostol Lachezarov Apostolov Chairman Milen Georgiev Markov Deputy Chairman Ivelina Kancheva Kancheva-Shaban Veselin Raychev Morov Petar Georgiev Hristov Iglika Dimitrova Logofetova Chair Ivaylo Lazarov Donchev Deputy Chairman and Executive Director Maria Petrova Vidolova Executive Director Temelko Valentinov Stoychev Executive Director Dimitar Iliev Zhilev Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors Web Finance Holding AD 19.48 per cent Grant Thornton OOD PCM BG OOD

138 Tokuda Bank Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 100 142 Financial assets held for trading 6 971 Non-trading financial assets mandatorily at fair value through profit or loss 0 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 53 936 Financial assets at amortised cost 207 388 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 25 Tangible assets 11 774 Intangible assets 705 Tax assets 0 Other assets 18 067 Non-current assets and disposal groups classified as held for sale 6 796 TOTAL ASSETS 405 804 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 360 498 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 693 Tax liabilities 108 Share capital repayable on demand 0 Other liabilities 930 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 362 229 EQUITY Capital 68 000 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 2 686 Retained earnings -27 106 Revaluation reserves -795 Other reserves 813 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -23 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 43 575 TOTAL EQUITY AND TOTAL LIABILITIES 405 804

Tokuda Bank 139 Statement of profit or loss as of 31 march 2018 income 2 662 ( expenses) 551 (Expenses on share capital repayable on demand) 0 Dividend income 0 Fee and commission income 789 (Fee and commission expenses) 84 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 26 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -1 Gains or (-) losses on derecognition of non-financial assets, net 0 Other operating income 154 (Other operating expenses) 4 TOTAL OPERATING INCOME, NET 2 991 (Administrative expenses) 2 764 (Depreciation) 170 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 80 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS -23 (Tax expense or (-) income related to profit or loss from continuing operations) 0 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -23 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR -23 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

140 Tokuda Bank Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 60 545 16 000 39 206 378 Central banks 0 0 0 0 General governments 58 650 16 000 37 311 368 Credit institutions 1 895 0 1 895 10 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 318 605 145 139 148 037 2 285 Central banks 84 193 27 752 56 441 0 General governments 1 501 1 501 0 11 Credit institutions 35 266 633 9 447 81 Other financial corporations 1 959 0 1 959 25 Non-financial corporations 152 474 83 607 68 624 1 583 Households 43 212 31 646 11 566 585 o.w. Residential mortgage loans 28 717 19 103 9 614 383 o.w. Credit for consumption 10 375 9 178 1 197 140 expenses Deposits 360 498 185 885 142 950 489 Central banks 0 0 0 0 General governments 11 005 10 974 31 7 Credit institutions 95 0 69 0 Other financial corporations 1 001 939 31 0 Non-financial corporations 83 774 50 317 27 035 27 Households 264 623 123 655 115 784 455

Tokuda Bank 141 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. 100-00571 of 23 December 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-147 of 30 January 2003 of the BNB Governor to conduct bank transactions abroad; Order No. RD 22-0854 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2267 of 16 November 2009 of the BNB Governor in accordance with the requirements of the Law on Amendment of the Law on Credit Institutions Legal registration Entered in the Commercial Register by Resolution No. 748 of 29 January 2002 of the Plovdiv Regional Court on company file No. 4463 of 2001, lot No. 31, vol. 23, p. 122; re-entered in the Commercial Register to the Registry Agency, UIC 813155318, certificate No. 20080326092111 of 26 March 2008 Address of the head office Management Supervisory Board Management Board Shareholders (shares over 10 per cent) 21, George Washington Str., 1000 Sofia tel. 02/403 7900; 02/403 7985 Website: www.tcebank.com Arthur Stern Dimitar Stoyanov Vuchev Thomas Michael Higgins Maria Svetoslavova Sheitanova Executive Director Anna Petrova Tsankova-Boneva Executive Director Todorina Alexandrova Doctorova International Hospital Services Co., Tokushukai Incorporated, Japan 99.94 per cent Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Auditors Deloitte Audit OOD ABVP-Audit Standard OOD

142 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 3 150 362 Financial assets held for trading 96 088 Non-trading financial assets mandatorily at fair value through profit or loss 12 529 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 3 658 101 Financial assets at amortised cost 11 448 032 Derivatives hedge accounting 13 267 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 55 004 Tangible assets 245 802 Intangible assets 35 975 Tax assets 15 281 Other assets 31 952 Non-current assets and disposal groups classified as held for sale 0 TOTAL ASSETS 18 762 393 LIABILITIES Financial liabilities held for trading 50 872 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 15 690 069 Derivatives hedge accounting 36 914 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 60 118 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 155 747 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 15 993 720 EQUITY Capital 285 777 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 189 020 Retained earnings 2 331 097 Revaluation reserves -67 612 Other reserves 0 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 30 391 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 2 768 673 TOTAL EQUITY AND TOTAL LIABILITIES 18 762 393

143 Statement of profit or loss as of 31 march 2018 income 109 532 ( expenses) 10 078 (Expenses on share capital repayable on demand) 0 Dividend income 11 Fee and commission income 60 947 (Fee and commission expenses) 5 977 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 10 170 Gains or (-) losses on financial assets and liabilities held for trading, net -21 830 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 1 209 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net -128 Exchange differences [gain or (-) loss], net 44 179 Gains or (-) losses on derecognition of non-financial assets, net 1 183 Other operating income 543 (Other operating expenses) 59 492 TOTAL OPERATING INCOME, NET 130 269 (Administrative expenses) 55 830 (Depreciation) 7 098 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 6 898 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 26 728 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 33 715 (Tax expense or (-) income related to profit or loss from continuing operations) 3 324 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 30 391 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 30 391 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

144 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 3 663 524 880 528 2 782 996 16 505 Central banks 0 0 0 0 General governments 3 392 562 880 528 2 512 034 16 437 Credit institutions 0 0 0 0 Other financial corporations 270 962 0 270 962 68 Non-financial corporations 0 0 0 0 income Loans and advances 15 070 599 7 764 675 6 962 213 92 925 Central banks 1 858 342 410 877 1 447 465 0 General governments 320 938 63 359 257 579 2 897 Credit institutions 2 969 968 529 842 2 323 315 1 951 Other financial corporations 1 105 605 803 007 285 349 2 625 Non-financial corporations 6 693 762 4 187 117 2 302 815 57 741 Households 2 121 984 1 770 473 345 690 27 711 o.w. Residential mortgage loans 1 781 177 1 549 412 229 758 20 549 o.w. Credit for consumption 242 533 134 979 104 208 6 109 expenses Deposits 15 690 069 8 452 930 5 774 167 5 353 Central banks 0 0 0 0 General governments 349 278 211 447 118 438 65 Credit institutions 416 488 191 552 58 961 4 178 Other financial corporations 578 387 334 532 169 976 102 Non-financial corporations 6 235 605 3 496 060 2 392 338 320 Households 8 110 311 4 219 339 3 034 454 688

145 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Supervisory Board Management Board Established by Decree No. 7 of 20 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. 100-00485 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0841 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2249 of 16 November 2009 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. 503, vol. 5, p. 99 on company file No. 2010 of 1990 of the Sofia City Court, re-entered in the Commercial Register to the Registry Agency, UIC 831919536, certificate No. 20080218090731 of 18 February 2008 7 Sveta Nedelya Sq., 1000 Sofia tel. 02/923 2111 Website: www.unicreditbulbank.bg Robert Zadrazil Chairman Alberto Devoto Deputy Chairman Heinz Meidlinger Dimitar Georgiev Zhelev Silvano Silvestri Luca Rubaga Ivan Vlaho Levon Karekin Hampartzoumian Chairman and Chief Executive Director Enrico Minniti Executive Director Tsvetanka Georgieva Mintcheva Jasna Mandac Antoaneta Kurteanu Teodora Alexandrova Petkova Giacomo Volpi Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors UNICREDIT S.P.A., Republic of Italy 99.45 per cent Deloitte Audit OOD Baker Tilly Klitou and Partners OOD

146 Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 1 745 089 Financial assets held for trading 27 768 Non-trading financial assets mandatorily at fair value through profit or loss 6 857 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 1 036 485 Financial assets at amortised cost 7 475 905 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 18 893 Tangible assets 204 909 Intangible assets 6 293 Tax assets 26 076 Other assets 33 151 Non-current assets and disposal groups classified as held for sale 156 TOTAL ASSETS 10 581 582 LIABILITIES Financial liabilities held for trading 4 103 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 9 201 417 Derivatives hedge accounting 2 227 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 36 536 Tax liabilities 0 Share capital repayable on demand 0 Other liabilities 75 210 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 9 319 493 EQUITY Capital 93 838 Share premium 210 058 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 55 205 Retained earnings 179 416 Revaluation reserves 0 Other reserves 681 013 (-) Treasury shares 0 Profit or loss attributable to owners of the parent 42 559 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 1 262 089 TOTAL EQUITY AND TOTAL LIABILITIES 10 581 582

147 Statement of profit or loss as of 31 march 2018 income 68 388 ( expenses) 3 534 (Expenses on share capital repayable on demand) 0 Dividend income 20 Fee and commission income 27 050 (Fee and commission expenses) 3 692 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 9 039 Gains or (-) losses on financial assets and liabilities held for trading, net 6 482 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net -7 Exchange differences [gain or (-) loss], net -2 624 Gains or (-) losses on derecognition of non-financial assets, net 324 Other operating income 638 (Other operating expenses) 14 896 TOTAL OPERATING INCOME, NET 87 188 (Administrative expenses) 45 815 (Depreciation) 4 302 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 1 039 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) -11 020 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 0 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS 47 052 (Tax expense or (-) income related to profit or loss from continuing operations) 4 493 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS 42 559 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR 42 559 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

148 Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 1 897 481 433 302 1 411 675 17 495 Central banks 0 0 0 0 General governments 1 870 119 426 439 1 391 176 8 416 Credit institutions 0 0 0 0 Other financial corporations 6 857 6 857 0 8 913 Non-financial corporations 20 505 6 20 499 166 income Loans and advances 8 998 241 3 966 744 4 863 767 56 196 Central banks 1 231 033 385 527 845 506 0 General governments 58 284 13 066 45 218 440 Credit institutions 1 895 640 2 989 1 741 654 861 Other financial corporations 110 100 18 764 91 336 497 Non-financial corporations 3 225 605 1 299 236 1 909 684 18 420 Households 2 477 579 2 247 162 230 369 35 978 o.w. Residential mortgage loans 1 316 291 1 089 423 226 858 13 668 o.w. Credit for consumption 1 161 287 1 157 738 3 511 26 037 expenses Deposits 9 201 417 4 860 612 3 579 425 2 313 Central banks 0 0 0 0 General governments 74 284 70 836 3 221 13 Credit institutions 1 326 591 53 595 1 263 051 708 Other financial corporations 489 028 217 663 194 766 31 Non-financial corporations 2 285 711 1 487 555 588 219 153 Households 5 025 803 3 030 963 1 530 168 1 408

149 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management* Supervisory Board Management Board Procurator Licensed by resolution of 25 February 1991 of the BNB Governing Council. License updated by: Resolution No. 340 of the BNB Central Management to conduct bank transactions in Bulgaria and abroad; Order No. 100-00487 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-1558 of 20 July 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2250 of 16 November 2009 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. 105; re-entered in the Commercial Register to the Registry Agency, UIC 000694959, certificate No. 20080522125029 of 22 May 2008 89 B Vitosha Blvd., 1463 Sofia tel. 02/811 2800 Website: www.ubb.bg Luc Popelier Chairman Christine Van Rijsseghem Willem Hueting Peter Grozdev Andronov Chairman and Chief Executive Director Theodor Valentinov Marinov Executive Director Frank Jansen Executive Director Christof De Mil Executive Director Svetla Atanasova Georgieva Executive Director Ivailo Stanev Mateev Executive Director Hristina Atanasova Filipova Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data Shareholders (shares over 10 per cent) Auditors KBC BANK N.V., Kingdom of Belgium 99.92 per cent Pricewaterhouse Coopers Audit OOD Grant Thornton OOD * The one-tier board system was deleted on 21 June 2017.

150 Victoria Commercial Bank Banks in Bulgaria January March 2018 Balance Sheet Statement (Statement of Financial Position) As of 31 march 2018 Carrying amount ASSETS Cash, cash balances at central banks and other demand deposits 47 853 Financial assets held for trading 0 Non-trading financial assets mandatorily at fair value through profit or loss 201 Financial assets designated at fair value through profit or loss 0 Financial assets at fair value through other comprehensive income 12 755 Financial assets at amortised cost 25 806 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Investments in subsidiaries, joint ventures and associates 0 Tangible assets 4 507 Intangible assets 2 817 Tax assets 33 Other assets 733 Non-current assets and disposal groups classified as held for sale 26 109 TOTAL ASSETS 120 814 LIABILITIES Financial liabilities held for trading 0 Financial liabilities designated at fair value through profit or loss 0 Financial liabilities measured at amortised cost 89 978 Derivatives hedge accounting 0 Fair value changes of the hedged items in portfolio hedge of interest rate risk 0 Provisions 99 Tax liabilities 7 Share capital repayable on demand 0 Other liabilities 1 031 Liabilities included in disposal groups classified as held for sale 0 TOTAL LIABILITIES 91 115 EQUITY Capital 122 091 Share premium 0 Equity instruments issued other than capital 0 Other equity 0 Accumulated other comprehensive income 1 033 Retained earnings 50 Revaluation reserves 0 Other reserves -91 679 (-) Treasury shares 0 Profit or loss attributable to owners of the parent -1 796 (-) Interim dividends 0 Minority interests [non-controlling interests] 0 TOTAL EQUITY 29 699 TOTAL EQUITY AND TOTAL LIABILITIES 120 814

Victoria Commercial Bank 151 Statement of profit or loss as of 31 march 2018 income 452 ( expenses) 245 (Expenses on share capital repayable on demand) 0 Dividend income 1 Fee and commission income 57 (Fee and commission expenses) 6 Gains or (-) losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities held for trading, net 0 Gains or (-) losses on non-trading financial assets mandatorily at fair value through profit or loss, net 0 Gains or (-) losses on financial assets and liabilities designated at fair value through profit or loss, net 0 Gains or (-) losses from hedge accounting, net 0 Exchange differences [gain or (-) loss], net -20 Gains or (-) losses on derecognition of non-financial assets, net 6 Other operating income 75 (Other operating expenses) 194 TOTAL OPERATING INCOME, NET 126 (Administrative expenses) 1 209 (Depreciation) 180 Modification gains or (-) losses, net 0 (Provisions or (-) reversal of provisions) 0 (Impairment or (-) reversal of impairment on financial assets not measured at fair value through profit or loss) 695 (Impairment or (-) reversal of impairment of investments in subsidiaries, joint ventures and associates) 0 (Impairment or (-) reversal of impairment on non-financial assets) 0 Negative goodwill recognised in profit or loss 0 Share of the profit or (-) loss of investments in subsidaries, joint ventures and associates accounted for using the equity method 0 Profit or (-) loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations 163 PROFIT OR (-) LOSS BEFORE TAX FROM CONTINUING OPERATIONS -1 795 (Tax expense or (-) income related to profit or loss from continuing operations) 1 PROFIT OR (-) LOSS AFTER TAX FROM CONTINUING OPERATIONS -1 796 Profit or (-) loss after tax from discontinued operations 0 PROFIT OR (-) LOSS FOR THE YEAR -1 796 Value Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data

152 Victoria Commercial Bank Banks in Bulgaria January March 2018 Debt securities, loans and advances, and deposits as of 31 march 2018 income Debt securities 0 0 0 0 Central banks 0 0 0 0 General governments 0 0 0 0 Credit institutions 0 0 0 0 Other financial corporations 0 0 0 0 Non-financial corporations 0 0 0 0 income Loans and advances 131 948 19 920 108 308 452 Central banks 36 688 4 566 32 122 0 General governments 0 0 0 0 Credit institutions 10 311 3 10 300 0 Other financial corporations 0 0 0 0 Non-financial corporations 69 043 11 774 53 556 364 Households 15 906 3 577 12 330 88 o.w. Residential mortgage loans 8 241 271 7 970 51 o.w. Credit for consumption 4 310 3 146 1 164 37 expenses Deposits 89 978 2 358 87 343 211 Central banks 0 0 0 0 General governments 0 0 0 0 Credit institutions 0 0 0 0 Other financial corporations 85 064 13 85 051 211 Non-financial corporations 1 678 979 670 0 Households 3 236 1 366 1 622 0

Victoria Commercial Bank 153 STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS License granted by the BNB Legal registration Address of the head office Management Board of Directors Shareholders (shares over 10 per cent) Auditors 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 30 January 1997 of the BNB Governing Council and Order No. 100-01112 of 8 September 1997 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD 22-0860 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2266 of 16 November 2009 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. 20768, vol. 253, p. 168; re-entered in the Commercial Register to the Registry Agency, UIC 831595828, certificate No. 20080804152653 of 4 August 2008 4 Lajos Kossuth Str., 1606 Sofia tel. 02/917 1717 Website: www.tbvictoria.bg Krasimir Georgiev Zhilov Chairman and Chief Executive Director Galya Dimitrova Dimitrova Executive Director Evgenia Dimitrova Stoyanova Boyka Markova Vasileva Stefka Tinkova Zagorova Corporate Commercial Bank AD (in bankruptcy), Republic of Bulgaria 100 per cent Ernst & Young Audit OOD Zaharinova and Partners OOD Balance Sheet Statements, Statements of Profit or Loss and Other Individual Bank Data * Currently, a change in the ownership of the bank is under registration in the relevant registers and Investbank AD will own 100 per cent of the bank s capital.

ISSN 2367 4989 Elements of the 10 lev banknote, issues 1999 and 2008, are used in cover design.