BCR Group results for full year 2013 (BCR press release)

HIGHLIGHTS:

- Operating performance in 2013 reached RON 2,489.9 million (EUR 563.4 million), up by 5.6% in
comparison to RON 2,357.8 million (EUR 528.9 million) in 2012.
- Operating income in 2013 recorded a slight decrease by 1.2% to RON 3,990.1 million (EUR 902.9 million)
from RON 4,040.5 million (EUR 906.3 million) in 2012.

- Operating expenses in 2013 significantly declined by 10.9% to RON 1,500.2 million (EUR 339.5 million)
from RON 1,682.8 million (EUR 377.4 million) in 2012.

- Cost-income ratio for the full year 2013 improved to
37.6% versus 41.6% in 2012.

- Net charge of risk provisions for loans in 2013 decreased substantially by 41.2% to RON 2,132.7 million
(EUR 482.6 million) from RON 3,625.9 million (EUR 813.3 million) in 2012. NPL coverage ratio, at 65.8%
as of December 2013, significantly improved in comparison to 58.6% as of December 2012.

- Net profit after tax and minority interests in 2013 stood at RON 591.2 million (EUR 133.8 million) as compared to a loss of RON 1,234.7 million (EUR 276.9 million) in 2012, delivering against the ambitious targets of the turnaround program running in BCR and also accounting for a positive one-off effect from release of deferred tax liabilities in Q2 2013.

BCR maintained leading market share by assets, despite the decline in total assets by 8.9% to RON 66,728.8 million (EUR 14.924.8 million) as of 31 December 2013, versus RON 73,287.6 million (EUR 16,489.5 million) as of 31 December 2012.

Tomas Spurny, CEO of BCR: "BCR has exceptionally strong capital and liquidity positions, well above regulatory minima: Tier 1+2 capital ratio (IFRS) for BCR group stood at 24.9%, while solvency ratio (local standards, bank standalone) at 14.7% as of December 2013.

We achieved a challenging job in 2013 returning to breakeven after one-off items and, most importantly, dealing with bold decisions, regarding costs, organization and strategy, aimed at consolidating the fundamentals of BCR as the leading bank in Romania.

Our main priority in 2014 is healthy business growth, with a special focus on becoming more efficient and customer-centred, by means of better business processes.

We continue to face significant challenges ahead of us, not least resolving the NPL stock amidst promising economic growth delaying to translate yet into more solid loan demand. We are determined to work towards reaching our goals, providing secure, sustainable and transparent financial intermediation to our customers and further reinforcing their trust in our franchise."

PERFORMANCE OVERVIEW FOR BCR GROUP in 2013

BCR Group achieved a solid operating result of RON 2,489.9 million (EUR 563.4 million), up by 5.6% in
comparison to RON 2,357.8 million (EUR 528.9 million) in 2012, on lower income more than offset by the
decrease in expenses, as result of the ambitious turnaround program.

Operating income in 2013 recorded a slight decrease by 1.2% to RON 3,990.1 million (EUR 902.9 million)
from RON 4,040.5 million (EUR 906.3 million) in 2012.

Net interest income in 2013 declined by 3%, to RON 2,803.4 million (EUR 634.3 million), from RON 2,891.5 million (EUR 648.6 million) in 2012, mainly due to subdued credit demand, despite new business gradually picking up.

Net fee income in 2013 was strongly up 17.7%, to RON 747.4million (EUR 169.1 million), from RON 634.8
million (EUR 142.4 million) in 2012, on continuous focus on transaction banking and payment transfers.

Net trading result in 2013 decreased by 14.6%, to RON 439.3 million (EUR 99.4 million), from RON 514.3
million (EUR 115.4 million) in 2012, reflecting lower income from foreign exchange business.

Operating expenses in 2013 significantly declined by 10.9% to RON 1,500.2 million (EUR 339.5 million)
from RON 1,682.8 million (EUR 377.4 million) in 2012, owing to comprehensive optimisation measures and
strict cost management.

As such, cost-income ratio improved to 37.6% in 2013 versus 41.6% in 2012.

The net charge of risk provisions for loans in 2013 substantially decreased by 41.2% to RON 2,132.7
million (EUR 482.6 million) from RON 3,625.9 million (EUR 813.3 million) in 2012, in line with expectations,
due to lower NPL inflows.

NPL ratio of the total loan portfolio at 29.2% as of 31 December 2013 remained stable versus previous quarters, on the back of efficient recovery efforts, as well as sell-offs and in spite of contraction of the loan book. NPL coverage ratio, at 65.8% as of December 2013, significantly improved in comparison to 58.6% as of December 2012, reflecting key management priority to improve asset quality.

Net profit after tax and minority interests stood at RON 591.2 million (EUR 133.8 million) as compared
to a loss of RON 1,234.7 million (EUR 276.9 million) in 2012, on the back of good operating result offsetting
still elevated risk costs, also accounting for a positive one-off effect from the release of deferred tax liabilities
of RON 560.8 million (EUR 127.7 million) in Q2 2013.

Solvency ratio under local standards (BCR standalone, IFRS with prudential filters) as of 31 December 2013 stood at 14.7%, well above the regulatory requirements of the National Bank of Romania (min 10%).

Also, IFRS Tier 1+2 capital ratio of 24.9% (BCR Group), as of December 2013, is clearly showing BCR’s
strong capital adequacy and continuing support of Erste Group. In this respect, BCR enjoys exceptionally
strong capital and funding position amongst Romanian banks.

The volume of aggregate loans to customers (before provisions, IFRS) decreased by 12.2% to RON
46,735.5 million (EUR 10,453.0 million) from RON 53,243.0 million (EUR 11,979.5 million) at year-end
2012, with new lending, impacted by weak demand, only partially offsetting redemptions and loan book
contraction.

BCR plans to keep focus on RON lending, so as to reverse the currency mix of the loan book in favour of local currency on medium to long term and fully use the strong self-funding capacity in RON.

Amounts owed to customers slightly decreased by 1.0% at RON 37,494.9 million (EUR 8,386.3 million) as of 31 December 2013, versus RON 37,875.1 million (EUR 8,521.8 million) as of end December 2012.

Customer deposits remain BCR’s main funding source, while the bank enjoys strong support from its parent
bank, at the same time benefiting from diversified funding sources and agreements with other International
Financial Institutions.

BCR maintained leading market share by assets, despite decline in total assets by 8.9% to RON 66,728.8
million (EUR 14,924.8 million) as of 31 December 2013, versus RON 73,287.6 million (EUR 16,489.5
million) as of 31 December 2012.