Pub B in B 2011 06 en

April June 2011
April June 2011
Banks in Bulgaria
BULGARIAN NATIONAL BANK
2
Banks in Bulgaria April June 2011
Bulgarian National Bank, 2011 ISSN 1313-4388 This issue includes materials and data received by 2 August 2011 (Sections IIV) and by 31 October 2011 (Section I). The contents of the Banks in Bulgaria quarterly bulletin may be quoted or reproduced without further permission. Due acknowledgment is requested. Elements of the 1999 issue banknote with a nominal value of 10 levs are used in cover design. Published by the Bulgarian National Bank Banking Supervision Department 1, Knyaz Alexander I Square, 1000 Sofia Tel.: (+359 2) 9145 1351, 9145 1209, 9145 1231 Website: www.bnb.bg
CONTENTS
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I. State of the Banking System (second quarter of 2011) ................................................................................................ 5
II. Methodological Notes .................................................................................................... 15
III. Banking Supervision Regulation .................................................................................. 17
IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group ........................................................... 21
V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks ...................................................................... 51
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Abbreviations
BGN BNB Core ROA HHI ROA ROE RWA The Abbreviation of the Redenominated lev Bulgarian National Bank Core Return on Assets Herfindahl-Hirschman Index (Market Concentration Index) Return on Assets Return on Equity Risk-weighted Assets
I. State of the Banking System

(second quarter of 2011)
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 .................................................................................................................. 9 1.4. Attracted Funds ..................................................................................................................... 9 1.5. Balance Sheet Equity .......................................................................................................... 10
2. Banking System Risk Profile......................................................................................... 10 3. Developments in Major Risks to the Banking System .................................................. 11
3.1. Risks to Asset Quality......................................................................................................... 11 3.2. Effects on Earnings (Capacity of the Banking System and Individual Banks to Generate Income from Organic Sources)........................................................................ 11 3.3. Capitals Ability to Absorb Shocks .................................................................................... 12 3.4. Capacity to Meet Liquidity Pressure ................................................................................... 13
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State of the Banking System
1. The Banking System: Structure and Trends
1.1. Dynamics by Bank Group
Trends in the banking sector developments outlined in the first quarter of 2011 were sustained between April and June. No changes occurred in lending activity which continued to be concentrated in medium and small banks. Placements with non-resident credit institutions continued to rise. The downward trend in dependence on external sources was retained. Deposits of households and individuals continued to rise. By end-June banking assets totalled BGN 74.98 billion, an increase by 1 per cent (BGN 753 million) on March and by 5.6 per cent (BGN 3.9 billion) on an annual basis. Group I banks market position declined by 1.4 percentage points to 52.5 per cent (and by 3.8 percentage points on an annual basis). The market share of domestic credit institutions by the end of June rose to 21.3 per cent (by 3.7 percentage points in a year). EU subsidiary banks occupied 71.1 per cent of banking assets, while EU bank branches 4.7 per cent. The share of non-EU banks and branches remained small at 3 per cent. Chart 1 Market Share of Domestic and Foreign Banks
(%)
1.2. Structural Changes in the Banking System Balance Sheet

Between April and June the structure of banking sector assets and liabilities underwent the following changes: The share of loans and advances in the structure of assets rose slightly to 79.4 per cent compared to the end of March. In the structure of this item, the share of advances (placements with credit institutions) continued rising to reach 11.4 per cent. Between January and June the share of real lending (to institutions other than credit) declined by 1 percentage point due to the increased placements with credit institutions and continued loan impairment. The share of cash was 9.3 per cent and remained at its common levels.
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The share of securities in bank balance sheets was sustained broadly unchanged (7.4 per cent against 7.5 per cent in March), while their total amount declined by BGN 12 million. Deposits of individuals and corporations continued increasing, while funds attracted from non-residents declined. At the same time, the share of resources in euro decreased. Over the second quarter financing from residents went up 30 basis points to 78.1 per cent. The importance of deposits of individuals and households as a main source of liquidity continued to increase, their share reaching 45.6 per cent of total attracted funds. Concurrently, the share of funds attracted from credit institutions slightly decreased (from 19.6 per cent to 19 per cent).
Chart 2
Structure of Assets (as of 30 June 2011)
Note: The sum total may not be equal to 100 per cent due to rounding.
Chart 3
Structure of Attracted Funds (as of 30 June 2011)
Note: The sum total may not be equal to 100 per cent due to rounding.
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1.3. Credit Operations
Credit activity remained low despite the signs of more active supply of loans. In the second quarter reported quarterly growth of gross loans (excluding those to credit institutions) was 0.9 per cent (BGN 475 million), driven mainly by the corporate segment (up BGN 522 million or 1.5 per cent). The cost of loans in bank portfolios remained at levels close to those of the prior year.
Chart 4
Quarterly Growth of Gross Loans (excluding credit institutions)

(million BGN)
At the system level, loans to corporations increased hesitantly, given that almost half of the banks reported portfolio declines. Retail exposures increased by 0.3 per cent. On an annual basis, total loans to households fell by 0.2 per cent (BGN 42 million). Housing mortgage loans increased by 0.6 per cent, with Group I banks contributing most significantly to this growth. The new decrease in consumer loans (by 0.1 per cent) was smaller than in the previous quarter. Loans to non-credit institutions extended by the banking system dropped by BGN 104 million (11.4 per cent) over the review quarter and by 9.4 per cent on an annual basis. Claims on credit institutions grew by BGN 551 million (6.9 per cent).
1.4. Attracted Funds

Attracted funds rose by 1.5 per cent (BGN 933 million) on March. The annual growth in total banking funds was 5.8 per cent (BGN 3.5 billion). In the second quarter deposits of individuals and households increased most significantly in absolute terms (by BGN 589 million or 2.1 per cent) and over the year by BGN 2.97 billion (11.3 per cent).
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The 2.6 per cent increase (BGN 521 million) in resources attracted from institutions other than credit was lower than in the previous quarter. Over the second quarter the total amount of funds attracted from non-residents decreased insignificantly (by BGN 3 million). The currency structure of attracted funds was marked by a further increase in the lev component to 43.1 per cent by end-June. Resources in euro declined by 1 percentage point to 50.3 per cent and those in other currencies remained unchanged at 6.6 per cent.
Chart 5
Quarterly Growth of Attracted Funds

(million BGN)
1.5. Balance Sheet Equity

Between April and June the banking systems balance sheet equity declined by 1.4 per cent (BGN 142 million) due to the decreased reserves (including retained profit) which fell by BGN 398 million. Concurrently, the positive financial result of the banking sector picked up by BGN 158 million. Issued capital reported also an increase (BGN 172 million).
2. Banking System Risk Profile

Features of major risks encountered by banks and the system as a whole underwent no significant changes over the second quarter of 2011. Credit institutions continued to adhere to the business model corresponding to the inherent risks in their balance sheets: a dominating role of the credit risk and a low degree of sensitivity to a market risk (including foreign exchange and interest rate risks). Finding new alternatives to lending was difficult, which hampered risk diversification in bank balance sheets.
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3. Developments in Major Risks to the Banking System
3.1. Risks to Asset Quality
Over the second quarter of 2011 the slowdown in growth rates of both classified assets and nonperforming loans (over 90 days) was sustained. Hence, classified exposures comprised again 15.5 per cent of gross banking assets. Non-performing loans (over 90 days) continued to increase, though at a moderating rate compared with the previous quarter. By the end of June their share reached 13.5 per cent (BGN 7.4 billion) in total credit portfolio. The net non-performing loans (over 90 days) to net loans ratio1 shows more precisely the exposure of the banking sector to credit risk since it reports only the unsecured portion of worsened loans. If the gross value of these loans is reduced by impairment costs, the recalculated ratio would be 8.9 per cent.
Chart 6
Share of Classified Exposures Past-due over 90 Days in Gross Loans (Excluding Those to Credit Institutions)
(%)
3.2. Effects on Earnings (Capacity of the Banking System and Individual Banks to Generate Income from Organic Sources)
In the review quarter the capacity of individual banks and the whole system to generate higher income was limited due to a combination of several factors: interest income was under pressure as a result of the weaker lending growth and problems in servicing extended loans; increased impairment costs;
1
The non-performing loans (over 90 days) to credit portfolio ratio reports the gross value of loans, i.e. it includes the risk that has been already reported in the income statement through impairment.
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financial intermediation expansion and hence growth in income from non-interest sources was impaired due to still unfavourable market conditions. By end-June banking sector profit was BGN 315 million, or 10 per cent less than by 31 June 2010. As a result, ROA was 0.85 per cent (vis-` -vis 0.99 per cent a year earlier). The return on bala ance sheet equity and reserves (RO) fell from 7.92 per cent to 6.68 per cent.
Chart 7
Earnings Indicators
(%) (%)
Net interest income increased by BGN 35 million on the same period of the previous year. At the same time, its share in gross assets dropped to 3.76 per cent, from 3.89 per cent as of June 2010. Net fee and commission income increased by 4 per cent (BGN 15 million) over the June 2010 to June 2011 period. No changes occurred in the income and expenditure structure. The net income from financial instruments fell by BGN 30 million on June 2010 due to lower income from foreign currency trading.
3.3. Capitals Ability to Absorb Shocks

By end-June 2011 the banking sector retained its capital position sustainability. In the review quarter factors impacting the rates of major capital indicators were: the higher growth rate of tier one capital compared to the increase of capital requirements for credit risk; the fall of specific provisions for credit risk following the regulatory changes under Ordinance No 9. The total capital adequacy of the banking system remained high at 17.73 per cent (against 17.66 per cent as of March). Between March and June 2011 own funds increased by BGN 54 million (0.6 per cent) and total capital requirements by just BGN 13 million.
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Tier one capital adequacy ratio also rose due to the increase in registered and paid-in capital. The reported rate of 15.54 per cent was higher than that in the previous quarter and in June 2010. Over the review quarter the capital surplus over regulatory minimum rose by BGN 42 million and reached BGN 2.95 billion. The structure of own funds (the tier one capital to capital base ratio) indicates sufficient potential for accumulating capital resources, if required. About 88 per cent of the banking sector capital base was comprised of tier one capital. The leverage ratio (balance sheet equity to assets) remained significantly higher than the value reported by most U countries.
Chart 8
Selected Capital Indicators

(%)
3.4. Capacity to Meet Liquidity Pressure

Over the second quarter of 2011 no changes occurred in the behaviour of depositors and no liquidity pressure was exerted on the banking system. The household resources continued to grow at a sustainable rate. The larger volume accumulated in banks in the form of deposits and the low lending activity contributed to the increase in the values of the main liquidity ratios. By the end of June liquid assets reached BGN 16.2 billion. Their most sizeable increase was registered in June, ensuring 4 per cent growth (BGN 617 million) in the review quarter. Given the increased short-term placements with banks, the liquid assets ratio improved to 25.07 per cent (against 24.45 per cent in March).
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Chart 9
Selected Liquidity Indicators

(%) (%)
In the shortest segment (demand deposits of up to seven days), where the inflows entirely covered the outflows, a significant improvement in the liquidity ratio was reported. The ratio of gross loans (excluding those to credit institutions) to deposits (excluding those of credit institutions) which indicates the correlation between liquidity risk and credit risk posted a stable trend towards an improvement. For the last 12 months this indicator declined from 116.2 per cent to 109.3 per cent mainly due to the faster growth in funds attracted from households and firms.
II. Methodological Notes

1. Data on individual banks are based on official quarterly reports presented by banks to the BNB. 2. A bank passport includes basic information on the structure of shareholder capital and management, which reflect the current state at the time of preparing the bulletin. Data on major items of the balance sheet and income statement are based on relevant total lines. 3. Banks are grouped by the Banking Supervision Department with a view to highlighting banking system developments. The group classification of banks does not imply elements of rating and it should not be interpreted as a financial performance evaluation. The position of the banks in individual groups depends on the amount of their assets and changes at the end of each reporting period. The first group consists of the five largest banks on the basis of their total assets in the reporting period, the second group includes the other Bulgarian banks and the third group comprises foreign bank branches in Bulgaria. Group I: UniCredit Bulbank, DSK Bank, United Bulgarian Bank, Raiffeisenbank (Bulgaria), and Eurobank EFG Bulgaria. Group II: First Investment Bank, Piraeus Bank Bulgaria, Corporate Commercial Bank, Socit Gnrale Expressbank, Central Cooperative Bank, Sibank, Bulgarian Development Bank, MKB Unionbank, Allianz Bank Bulgaria, Investbank, ProCredit Bank (Bulgaria), Municipal Bank, Bulgarian-American Credit Bank, International Asset Bank, D Commerce Bank, Emporiki Bank Bulgaria, Tokuda Bank, NLB Bank Sofia, and Texim Private Entrepreneurial Bank. Group III: Alpha Bank Bulgaria Branch, ING Bank N.V Sofia Branch, BNP Parisbas S.A. . Sofia Branch, Citibank N.A. Sofia Branch, T.C. Ziraat Bank Sofia Branch, and Regional Investment bank Bulgaria Branch. 4. Appendices containing information on selected ratios are based on reports under BNB ordinances on the capital adequacy and liquidity. 5. On 1 January 2007 the BNB Banking Supervision Department introduced a new Framework for Consolidated Financial Reporting (FINREP) for supervisory purposes applicable to EU credit institutions. The new framework replaced the one which existed until 31 December 2006 and is based on the International Accounting Standards/International Financial Reporting Standards (IAS/ IFRS) of the EU. The introduction of the common framework will contribute to the harmonization of EU credit institutions reporting standards. Thus, credit institutions will use common standardized reporting formats and definitions of data for both supervisory and public purposes. FINREP contains core and non-core financial information divided into 39 reporting forms. Each reporting form includes references to the IAS/IFRS, to ECB documents and to the Common Practice. FINREP takes into account the IFRS 7 Financial Instruments: Disclosures which replaced the disclosures required by IAS 30 Disclosures in Financial Statements of Banks and Similar Financial Institutions and added new disclosure requirements to those provided for in the IAS 32 Financial Instruments: Disclosures and Presentation which results in significant differences between the old and new reporting frameworks. FINREP will be developed further, where necessary, to address issues that arise from its practical implementation, as well as new developments in the area of IAS/IFRS or harmonization and improvement of supervisory practices. Data provided under the assets, liabilities, equity, income and expenditure items in the consolidated balance sheet and consolidated income statement is more detailed compared with former data. Financial assets and liabilities, for example, fall into different categories such as financial assets and liabilities held for trading, financial assets and liabilities designated at fair value through profit
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or loss, loans and receivables, and financial liabilities measured at amortised cost, etc. Each of these captions is broken down by instrument (debt, equity, loans and advances). In the existing framework, part of this information was provided in memorandum items. The framework introduced new asset items: hedge accounting (hedging at fair value, cash flow hedging, etc.), investments in associates, subsidiaries and joint ventures using the equity method, as well as non-current assets or disposal groups classified as held for sale. As regards assets, the two frameworks differ most significantly in respect of interbank relations (repurchase agreements, interbank deposits, etc.). In the former framework, they were given separately from non-bank corporations and as a part of financial institutions. In the new framework, the financial institution term was replaced by credit institutions and institutions other than credit institutions. Credit institutions and non-bank corporations now fall together under the loans and receivables (including finance leases) item. Thus, the credit portfolio will show a conditional increase since it will include both bank and non-bank corporations. Financial liabilities are broken down differently as well. Almost every liability item is further broken down, for example financial liabilities measured at amortised cost are subdivided into deposits from credit institutions; deposits from institutions other than credit institutions, debt certificates (including bonds); subordinated liabilities. Terms such as savings deposits, time deposits, short- and long-term borrowed funds are no longer in use. Instead, new terms such as deposits with agreed maturity and deposits redeemable at notice are introduced. No significant changes were made to the equity items. New items were added such as other equity which comprises share-based payments and equity component of financial instruments, as well as treasury shares; items providing a detailed description of minority interest. The new FINREP consolidated income statement and the former income statement differ a lot. FINREP consolidated income statement shows income and expenses from continuing operations separately from discontinued operations. Terms such as extraordinary income and expenses are no longer in use. Major captions are broken down into their component parts with reference to the new balance sheet categories of financial instruments. The clean pricing rule for reporting interest income/expenses is sustained, i.e. they are presented as interest income and interest expenses unlike the previous net income from the respective financial instruments. Fee and commission income, as well as other operating income and expenditure are presented separately and are no longer reported on a net basis. In contrast to the previously used method, administrative expenditure and depreciation are presented in a more detailed manner. 6. As from March 2011, the BNB commences publishing data on asset quality, impairment costs and specific provisions for credit risk. The change aims at supplementing the credit risk information already published until the end of 2010 in line with the criteria and requirements of BNB Ordinance No. 9 on the Evaluation and Classification of Risk Exposures of Banks and the Allocation of Specific Provisions for Credit Risk.
III. Banking Supervision Regulation

Capital Adequacy of Banks as of 30 June 2011 (under Ordinance No. 8 of the BNB) ................................................................................. 19
17
Liquidity of Banks as of 30 June 2011 (under Ordinance No. 11 of the BNB) ............................................................................... 20
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Banking Supervision Regulation
CAPITAL ADEQUACY OF BANKS AS OF 30 JUNE 2011 (under Ordinance No. 8 of the BNB)
(BGN000) Group I Group II 3 766 511 3 915 506 2 335 706 1 377 776 0 225 689 -62 782 606 428 261 808 39 117 67 202 155 489 344 620 0 344 620 0 0 -755 423 -497 131 -258 295 -535 482 3 418 378 348 136 2 711 469 1 609 304 0 11 560 186 785 903 820 1 055 042 16.67 15.13 Banking system 9 109 888 9 173 983 3 885 766 4 714 494 0 708 929 -174 323 1 903 267 650 002 217 097 277 416 155 489 1 253 265 0 1 253 265 0 0 -1 967 362 -1 190 915 -776 452 -1 662 917 7 983 073 1 126 820 6 164 580 3 575 465 0 40 203 492 029 2 056 884 2 945 308 17.73 15.54
TOTAL OWN FUNDS FOR SOLVENCY PURPOSES* Original own funds Eligible capital Eligible reserves Audited profit for the current year Funds for general banking risks (-) Intangible assets Additional own funds Core additional own funds Hybrid instruments Revaluation reserves (on bank premises) Securities of indeterminate duration and other instruments Supplementary additional own funds Fixed-term cumulative preferential shares Subordinated loan capital (-) Excess on limits for supplementary additional own funds (-) Excess on limits for additional own funds (-) DEDUCTIONS FROM ORIGINAL AND ADDITIONAL OWN FUNDS of which: (-) from original own funds of which: (-) from additional own funds Specific provisions for credit risk in case of use of the standardized approach TOTAL ORIGINAL OWN FUNDS FOR GENERAL SOLVENCY PURPOSES* TOTAL ADDITIONAL OWN FUNDS FOR GENERAL SOLVENCY PURPOSES* CAPITAL REQUIREMENTS Total capital requirements for credit, counterparty credit and dilution risks and free deliveries Settlement/delivery risk Total capital requirements for position, foreign exchange and commodity risks Total capital requirements for operational risks (OpR) Other capital requirements Surplus (+)/deficit (-) of own funds SOLVENCY RATIO (%) ORIGINAL OWN FUNDS SOLVENCY RATIO (%) * Used in capital adequacy ratio calculations.
Source: BNB.
5 343 377 5 258 477 1 550 060 3 336 718 0 483 240 -111 541 1 296 839 388 194 177 980 210 214 0 908 645 0 908 645 0 0 -1 211 939 -693 784 -518 157 -1 127 435 4 564 695 778 684 3 453 111 1 966 161 0 28 643 305 244 1 153 064 1 890 266 18.57 15.86
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LIQUIDITY OF BANKS AS OF 30 JUNE 2011 (under Ordinance No. 11 of the BNB)
(BGN000) Items Total Assets in pawn/ overdue assets At sight up From 8 days From 1 to From 3 to From 6 to of 30 or more to 7 days to 1 month 3 months 6 months 12 months days Over 1 year
Group I Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Group II Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Group III Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%) Banking system, total Liquid assets Assets, total inflow Liabilities, total outflow Coefficient of liquid assets (%) Coefficient of liquidity by maturity intervals (%)
Source: BNB.
7 794 152 38 226 757 33 116 590 23.54
1 003 919 4 898 847
8 950 142 9 756 555
2 218 641 4 589 350
1 251 902 4 910 465
1 708 530 3 065 828 21 031 714 3 620 003 4 018 554 6 221 663
91.73
38.81
14.27
15.04
21.50
115.80
7 178 960 30 390 071 27 252 683 26.34
1 188 687 3 302 352
8 790 496 6 277 524
1 694 956 3 512 360
1 179 638 3 572 995
1 740 334 3 253 114 13 731 533 3 398 177 4 114 319 6 377 308
140.03
116.80
35.90
29.61
38.44
113.32
1 191 465 3 910 231 4 115 759 28.95
4 671 344 821
1 529 011 3 037 208
168 524 278 246
157 409 156 107
368 510 329 973
274 759 312 736
1 412 018 1 489
50.34
7.04
6.30
13.62
10.09
54.57
16 164 577 72 527 059 64 485 032 25.07
2 197 277 8 546 020
19 269 649 19 071 287
4 082 121 8 379 956
2 588 949 8 639 567
3 817 374 6 593 701 36 175 265 7 348 153 8 445 609 12 600 460
101.04
44.30
17.56
19.14
25.91
110.06
IV. Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group
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Balance Sheet of the Banking System as of 30 June 2011 ................................................. 23 Income Statement of the Banking System ......................................................................... 26 Memorandum Items of the Banking System as of 30 June 2011 ...................................... 28 Balance Sheet of Group I Banks as of 30 June 2011 ......................................................... 30 Income Statement of Group I Banks ................................................................................. 33 Memorandum Items of Group I Banks as of 30 June 2011 ................................................ 35 Balance Sheet of Group II Banks as of 30 June 2011 ........................................................ 37 Income Statement of Group II Banks ................................................................................. 40 Memorandum Items of Group II Banks as of 30 June 2011 ............................................. 42 Balance Sheet of Group III Banks as of 30 June 2011 ....................................................... 44 Income Statement of Group III Banks .............................................................................. 47 Memorandum Items of Group III Banks as of 30 June 2011 ............................................ 49
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Balance Sheets, Income Statements and Memorandum Items of the Banking System and of Banks by Group
BALANCE SHEET OF THE BANKING SYSTEM AS OF 30 JUNE 2011
(BGN000) Balance sheet value Including BGN EUR Other currencies
ASSETS Cash and cash balances with central banks Financial assets held for trading Derivatives held for trading Equity instruments Debt instruments Loans and advances Financial assets designated at fair value through profit or loss Equity instruments Debt instruments Loans and advances Available-for-sale financial assets Equity instruments Debt instruments Loans and advances Loans and receivables (including finance leases) Debt instruments Loans and advances Held-to-maturity investments Debt instruments Loans and advances Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Property, plant and equipment Investment property Intangible assets Goodwill Other intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Current tax assets Deferred tax assets Other assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS
7 009 129 4 646 874 1 182 741 601 424 101 855 28 479 30 367 29 346 1 050 519 543 599 0 0 795 357 280 564 12 000 9 919 507 448 265 645 275 909 5 000 2 316 333 731 044 153 113 137 721 2 163 220 593 323 0 0 59 554 867 20 683 155 2 615 0 59 552 252 20 683 155 1 626 127 474 698 1 626 127 474 698 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 350 673 1 266 482 84 191 184 351 0 184 351 287 245 51 554 28 026 23 528 450 341 170 111 0 1 350 609 1 266 418 84 191 184 351 0 184 351 219 550 51 234 27 706 23 528 378 691 170 111 2 231 404 506 437 43 413 746 462 278 0 493 930 599 234 226 259 105 1 366 362 6 088 1 360 274 0 35 129 571 2 615 35 126 956 850 949 850 949 0 0 0 0 0 0 0 0 64 64 0 0 0 0 67 695 320 320 0 66 477 0 40 713 209 130 851 74 880 29 963 275 44 642 0 20 863 1 482 7 577 11 804 218 927 9 304 209 623 0 3 742 141 0 3 742 141 300 480 300 480 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 173 0 4 493 315
(continued)
74 978 829 29 772 305
24
(continued) Balance sheet value Including BGN EUR Other currencies (BGN000)
LIABILITIES Deposits from central banks Financial liabilities held for trading Derivatives held for trading Short positions Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds intended for repurchase in short term) Other financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities Other financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Deposits from credit institutions Deposits (other than from credit institutions) Debt certificates (including bonds) Subordinated liabilities Other financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value hedges Cash flow hedges Hedges of a net investment in a foreign operation Fair value hedge of interest rate risk Cash flow hedge of interest rate risk Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Restructuring Pending legal issues and tax litigation Pensions and other post-retirement benefit obligations Credit commitments and guarantees Onerous contracts Other provisions Tax liabilities Current tax liabilities Deferred tax liabilities Other liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES
0 0 112 290 34 411 112 290 34 411 0 0 0 0 0 0 0 0 0 0 202 840 74 354 202 840 74 354 0 0 0 0 0 0 0 0 64 101 401 27 625 814 11 677 641 2 198 504 49 786 869 25 243 255 550 543 40 029 1 873 998 37 283 212 350 106 743 0 0 13 504 0 10 219 0 0 0 0 0 0 0 3 285 0 0 68 501 0 12 690 18 977 23 114 0 13 720 56 636 8 358 48 278 414 581 0 0 0 49 278 0 7 267 18 977 9 923 0 13 111 55 820 7 542 48 278 238 983 0 0 0 51 077 51 077 0 0 0 0 0 123 441 123 441 0 0 0 0 32 250 536 9 119 879 20 694 319 510 514 1 836 424 89 400 0 10 673 10 118 0 0 0 555 0 2 051 0 958 0 484 0 609 814 814 0 148 012 0 0 32 586 604 0 26 802 26 802 0 0 0 0 0 5 045 5 045 0 0 0 0 4 225 051 359 258 3 849 295 0 291 16 207 0 2 831 101 0 0 0 2 730 0 17 172 0 4 465 0 12 707 0 0 2 2 0 27 586 0 0 4 304 489
(continued)
64 969 753 28 078 660
25
EQUITY AND MINORITY INTEREST Issued capital Paid-in capital Unpaid capital which has been called up Share premium Other equity Equity component of financial instruments Other equity instruments Revaluation reserves and other valuation differences Tangible assets Intangible assets Hedge of net investments in foreign operations (effective portion) Foreign currency translation Cash flow hedges (effective portion) Available-for-sale financial assets Non-current assets or disposal groups held for sale Other items Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest Revaluation reserves and other valuation differences Other items TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
3 626 495 3 626 495 0 259 361 228 0 228 267 851 293 076 0 0 0 -2 031 -23 194 0 0 5 544 435 0 315 020 0 -4 314 -4 314 0 3 626 495 3 626 495 0 259 361 228 0 228 267 851 293 076 0 0 0 -2 031 -23 194 0 0 5 544 435 0 315 020 0 -4 314 -4 314 0
10 009 076 10 009 076 74 978 829 38 087 736 32 586 604 4 304 489
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INCOME STATEMENT OF THE BANKING SYSTEM (June 2011)
(BGN000) Total amount Including BGN EUR Other currencies
CONTINUING OPERATIONS Financial and operating income and expenses Interest income Cash and cash balances with central banks Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting, interest rate risk Other assets Interest expenses Deposits from central banks Financial liabilities held for trading (if accounted for separately) Financial liabilities designated at fair value through profit or loss (if accounted for separately) Financial liabilities measured at amortised cost Derivatives hedge accounting, interest rate risk Other liabilities Expenses on share capital repayable on demand Dividend income Financial assets held for trading (if accounted for separately) Financial assets designated at fair value through profit or loss (if accounted for separately) Available-for-sale financial assets Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Financial liabilities measured at amortised cost Other Gains (losses) on financial assets and liabilities held for trading, net Equity instruments and related derivatives Interest rate instruments and related derivatives Foreign exchange trading Credit risk instruments and related derivatives Commodities and related derivatives Other (including hybrid derivatives) Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net Other operating income Other operating expenses
1 932 623 2 513 124 19 51 378 14 829 39 766 2 367 764 35 301 3 126 941 1 055 408 0 25 496 659 1 022 189 7 033 31 0 1 590 101 1 1 488 418 752 41 810 6 755 6 522 493 -285 0 25 53 653 1 725 16 904 33 480 0 1 569 -25 1 728 311 18 448 -1 661 25 201 8 060 1 078 288 1 162 209 0 17 284 7 859 13 888 1 112 596 10 578 0 4 470 192 0 6 947 173 463 054 0 18 0 1 572 99 1 1 472 316 918 28 594 6 755 6 522 493 -285 0 25 53 653 1 725 16 904 33 480 0 1 569 -25 1 728 311 18 448 -1 661 25 201 8 060
(continued)
827 393 1 284 819 19 27 635 6 915 19 998 1 211 992 17 018 1 241 1 534 289 0 17 421 439 513 885 2 542 2 6 0 0 6 88 382 11 525
26 942 66 096 0 6 459 55 5 880 43 176 7 705 1 885 936 50 927 0 1 128 47 45 250 4 491 11 12 2 0 10 13 452 1 691
27
(continued) Total amount Including BGN EUR Other currencies (BGN000)
Administration costs Staff expenses General and administrative expenses Depreciation Property, plant and equipment Investment properties Intangible assets (other than goodwill) Provisions Impairment Impairment on financial assets not measured at fair value through profit or loss Financial assets measured at cost (unquoted equity) Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Impairment on non-financial assets Property, plant and equipment Investment properties Goodwill Intangible assets (other than goodwill) Investments in associates and joint ventures accounted for using the equity method Other Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT
849 770 360 049 489 721 112 995 87 041 530 25 424 4 512 624 739 622 309 0 -35 622 344 0 2 430 1 838 0 0 0 0 592 0 14 171 -85
354 693 39 673
315 020 0
315 020 0
315 020
28
MEMORANDUM ITEMS OF THE BANKING SYSTEM AS OF 30 JUNE 2011
(BGN000) Total BGN Including EUR 7 433 62 2 910 342 1 820 405 1 336 666 62 754 66 835 354 150 1 089 937 719 252 17 308 353 377 67 695 67 681 Other currencies 11 061 3 149 562 322 508 861 504 856 0 0 4 005 53 461 16 545 36 916 0 0 0 Dividend income/ Interest income 1 590 2 109 353 90 761 74 630 1 775 3 364 10 992 18 592 9 690 1 386 7 516 0 0
Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions Other issuers Foreign debt instruments Issuers qualified for a 0% risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions Other issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates
195 153 8 125 5 349 929 4 017 496 3 476 687 65 647 101 122 374 040 1 332 433 903 888 64 443 364 102 287 245 67 681 327
176 659 4 914 1 877 265 1 688 230 1 635 165 2 893 34 287 15 885 189 035 168 091 10 219 10 725 219 550 0 327
(BGN000) Total BGN Including EUR 36 850 754 53 145 4 200 196 483 926 25 261 038 6 852 449 5 145 911 1 706 538 Other currencies 3 781 605 0 2 529 150 36 406 1 027 882 188 167 142 811 45 356 3 593 678 759 155 12 142 2 053 301 1 527 321 480 994 1 046 327 Impairment Interest income 2 367 679 15 732 50 106 21 471 1 342 368 938 002 396 729 541 273
Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans
63 145 930 516 646 8 576 135 803 660 34 653 582 18 595 907 9 350 801 9 245 106
22 513 571 463 501 1 846 789 283 328 8 364 662 11 555 291 4 062 079 7 493 212
(BGN000) Specific proviImpairment sions for credit (under risk (deducIAS 39) tions from capital base) Loss Total 3 593 678 759 155 12 142 2 053 302 1 527 320 480 993 1 046 327 Total 1 662 917 266 0 2 800 1 534 736 125 115 71 833 53 282
(continued)
Gross value prior to impairment Non-performing
Total
Standard 50 992 162 513 881 8 576 117 777 143 25 559 120 15 565 901 7 586 741 7 979 160
Watch 4 768 141 2 765 0 8 609 3 725 136 1 031 631 650 386 381 245
Loans and advances Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans
63 145 930 516 646 8 576 135 803 660 34 653 582 18 595 907 9 350 801 9 245 106
1 474 398 5 911 229 0 0 0 18 0 17 908 1 076 242 4 293 084 398 156 1 600 219 247 965 150 191 865 709 734 510
29
(continued) Total BGN Including EUR 32 373 977 9 400 902 5 774 614 248 681 995 691 2 381 916 7 505 891 7 133 820 3 617 74 748 293 706 13 341 398 1 693 323 432 463 Other currencies (BGN000) Interest expenses
Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments
64 304 241 12 198 318 7 703 990 593 865 1 045 592 2 854 871 20 649 272 20 240 054 4 621 75 345 329 252 29 293 291 1 730 897 432 463
27 700 168 2 416 906 1 649 286 293 948 43 067 430 605 11 747 192 11 710 045 1 004 597 35 546 13 498 787 37 283 0
4 230 096 1 022 847 380 510 120 635 280 090 59 082 51 236 2 437 6 834 17 641 42 350 41 475 1 396 189 257 766 1 396 189 250 558 0 113 0 997 0 6 098 2 453 106 602 535 291 30 748 0 11 163
30
BALANCE SHEET OF GROUP I BANKS AS OF 30 JUNE 2011
3 548 449 2 471 731 659 437 383 609 69 951 27 154 2 060 2 060 587 426 354 395 0 0 202 915 70 313 12 000 9 919 190 915 60 394 0 0 689 525 363 512 42 735 36 917 646 790 326 595 0 0 32 510 924 13 192 130 1 000 0 32 509 924 13 192 130 666 259 16 051 666 259 16 051 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 711 690 706 348 5 342 111 541 0 111 541 68 024 21 075 13 980 7 095 153 955 25 210 0 711 690 706 348 5 342 111 541 0 111 541 68 024 21 075 13 980 7 095 141 546 25 210 1 018 222 241 265 36 388 0 204 877 0 125 332 599 124 733 0 178 993 2 115 176 878 0 17 455 681 1 000 17 454 681 392 946 392 946 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 598 0 19 423 037 58 496 34 563 6 409 0 28 154 0 7 270 1 482 5 788 0 147 020 3 703 143 317 0 1 863 113 0 1 863 113 257 262 257 262 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 811 0 2 369 535
(continued)
39 369 004 17 576 432
31
0 0 84 022 33 358 84 022 33 358 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32 972 255 15 161 483 5 051 104 1 073 131 26 400 937 14 002 475 218 929 40 029 1 280 379 25 071 20 906 20 777 0 0 13 397 0 10 112 0 0 0 0 0 0 0 3 285 0 0 60 313 0 12 627 15 353 19 346 0 12 987 38 900 3 392 35 508 228 483 0 0 0 41 586 0 7 215 15 353 6 640 0 12 378 38 900 3 392 35 508 135 741 0 0 0 45 106 45 106 0 0 0 0 0 0 0 0 0 0 0 15 932 733 3 848 387 10 650 009 178 900 1 255 308 129 0 10 667 10 112 0 0 0 555 0 1 563 0 954 0 0 0 609 0 0 0 85 594 0 0 16 075 663 0 5 558 5 558 0 0 0 0 0 0 0 0 0 0 0 1 878 039 129 586 1 748 453 0 0 0 0 2 730 0 0 0 0 2 730 0 17 164 0 4 458 0 12 706 0 0 0 0 0 7 148 0 0 1 910 639
(continued)
33 397 370 15 411 068
32
1 550 060 1 550 060 0 0 0 0 0 209 506 224 545 0 0 0 -2 031 -13 008 0 0 4 000 672 0 211 396 0 0 0 0 5 971 634 1 550 060 1 550 060 0 0 0 0 0 209 506 224 545 0 0 0 -2 031 -13 008 0 0 4 000 672 0 211 396 0 0 0 0 5 971 634 16 075 663 1 910 639
39 369 004 21 382 702
33
INCOME STATEMENT OF GROUP I BANKS (June 2011)
1 174 268 1 406 133 0 42 082 5 755 18 410 1 320 365 16 390 3 126 5 496 013 0 24 940 0 464 039 7 033 1 0 131 98 1 32 242 852 22 938 4 273 4 274 -1 0 0 0 30 867 -124 8 104 21 318 0 1 569 0 1 503 311 -579 -324 10 099 2 047 716 019 729 351 0 14 252 2 392 7 424 704 878 401 0 4 240 069 0 6 894 0 233 174 0 1 0 121 98 1 22 198 251 15 738 4 273 4 274 -1 0 0 0 30 867 -124 8 104 21 318 0 1 569 0 1 503 311 -579 -324 10 099 2 047
(continued)
444 729 647 450 0 21 604 3 346 6 459 605 448 9 351 1 241 1 234 745 0 17 034 0 215 169 2 542 0 0 0 0 0 38 238 6 214
13 520 29 332 0 6 226 17 4 527 10 039 6 638 1 885 0 21 199 0 1 012 0 15 696 4 491 0 10 0 0 10 6 363 986
34
433 042 188 723 244 319 63 101 45 530 7 17 564 -1 733 460 510 460 508 0 -35 460 543 0 2 2 0 0 0 0 0 0 14 171 0
233 519 22 123
211 396 0
211 396 0
211 396
35
MEMORANDUM ITEMS OF GROUP I BANKS AS OF 30 JUNE 2011
(BGN000) Total BGN Including EUR 2 714 0 900 434 782 331 538 873 62 754 39 722 140 982 118 103 35 447 2 880 79 776 0 0 Other currencies 5 185 0 434 521 411 353 411 353 0 0 0 23 168 16 275 6 893 0 0 0 Dividend income/ Interest income 131 0 52 587 44 248 35 980 1 755 2 188 4 325 8 339 4 252 201 3 886 0 0
Equity instruments 56 791 incl. credit institutions 176 Debt instruments 2 092 390 Domestic debt instruments 1 837 658 Government securities 1 568 798 Municipal securities 65 033 Credit institutions 56 534 Other issuers 147 293 Foreign debt instruments 254 732 Issuers qualified for a 0% risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 157 487 Credit institutions 9 773 Other issuers 87 472 Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) 68 024 incl. credit institutions 0 Compensation certificates 4
48 892 176 757 435 643 974 618 572 2 279 16 812 6 311 113 461 105 765 0 7 696 68 024 0 4
(BGN000) Total BGN Including EUR Other currencies 2 549 457 654 0 9 901 1 317 906 1 220 996 376 955 844 041 Impairment Interest income 1 320 365 2 413 22 519 10 976 588 047 696 410 295 618 400 792
35 059 381 110 740 4 264 846 404 944 16 467 716 13 811 135 6 880 656 6 930 479
14 570 967 82 682 1 174 321 123 389 4 065 417 9 125 158 3 450 552 5 674 606
18 593 709 1 894 705 28 058 0 1 637 492 1 453 033 281 385 170 12 111 577 290 722 4 535 197 150 780 3 318 132 111 972 1 217 065 38 808
(BGN000) Specific proviImpairment sions for credit (under risk (deducIAS 39) tions from capital base) Loss Total 2 549 457 654 0 9 901 1 317 906 1 220 996 376 955 844 041 Total 1 127 435 266 0 0 1 045 925 81 244 52 938 28 306
(continued)
Total
Standard 28 055 443 108 077 4 264 828 390 318 11 627 788 11 664 432 5 596 940 6 067 492
Watch 2 279 157 2 663 0 2 013 1 523 363 751 118 482 236 268 882
35 059 381 110 740 4 264 846 404 944 16 467 716 13 811 135 6 880 656 6 930 479
835 710 3 889 071 0 0 0 18 0 12 613 577 299 2 739 266 258 411 1 137 174 167 866 90 545 633 614 503 560
36
(continued) Total BGN Including EUR 15 932 733 3 848 387 1 910 245 24 100 431 807 1 482 235 4 076 657 3 926 414 0 0 150 243 6 573 481 1 255 308 178 900 Other currencies 1 878 039 129 586 97 495 32 091 0 0 490 906 490 906 0 0 0 1 257 547 0 0 (BGN000) Interest expenses 464 039 47 518 18 876 874 8 194 19 574 116 064 113 794 0 0 2 270 280 665 17 331 2 461
32 972 255 5 111 136 2 891 143 155 666 471 836 1 592 491 10 187 270 10 028 178 0 0 159 092 16 214 570 1 280 379 178 900
15 161 483 1 133 163 883 403 99 475 40 029 110 256 5 619 707 5 610 858 0 0 8 849 8 383 542 25 071 0
37
BALANCE SHEET OF GROUP II BANKS AS OF 30 JUNE 2011
3 125 022 410 572 20 844 28 307 361 421 0 316 533 0 316 533 0 1 317 329 110 028 1 207 301 0 24 153 851 1 615 24 152 236 959 868 959 868 0 0 0 0 0 0 0 0 598 944 520 095 78 849 62 782 0 62 782 219 221 13 644 12 336 1 308 262 632 144 901 1 935 258 194 561 752 27 286 166 523 0 205 251 0 205 251 0 325 158 100 454 224 704 0 7 135 175 0 7 135 175 458 647 458 647 0 0 0 0 0 0 0 0 598 922 520 073 78 849 62 782 0 62 782 151 526 13 324 12 016 1 308 228 223 144 901 1 120 335 183 344 4 183 746 178 415 0 109 493 0 109 493 0 920 264 3 973 916 291 0 15 270 269 1 615 15 268 654 458 003 458 003 0 0 0 0 0 0 0 0 22 22 0 0 0 0 67 695 320 320 0 31 109 0 18 160 854 69 429 32 667 15 909 275 16 483 0 1 789 0 1 789 0 71 907 5 601 66 306 0 1 748 407 0 1 748 407 43 218 43 218 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 300 0 1 970 717
(continued)
31 585 299 11 453 728
38
0 0 18 760 545 18 760 545 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27 225 934 11 235 028 4 767 586 771 394 21 341 671 10 365 456 331 614 0 593 619 12 212 191 444 85 966 0 0 107 0 107 0 0 0 0 0 0 0 0 0 0 7 989 0 11 3 541 3 768 0 669 17 727 4 965 12 762 144 832 0 0 0 7 493 0 0 3 541 3 283 0 669 16 911 4 149 12 762 88 624 0 0 0 5 073 5 073 0 0 0 0 0 0 0 0 0 0 0 13 831 542 3 770 910 9 058 631 331 614 581 116 89 271 0 6 6 0 0 0 0 0 488 0 4 0 484 0 0 814 814 0 38 684 0 0 13 876 607 0 13 142 13 142 0 0 0 0 0 0 0 0 0 0 0 2 159 364 225 282 1 917 584 0 291 16 207 0 101 101 0 0 0 0 0 8 0 7 0 1 0 0 2 2 0 17 524 0 0 2 190 141
(continued)
27 415 349 11 348 601
39
2 076 435 2 076 435 0 259 361 0 0 0 57 270 68 094 0 0 0 0 -10 824 0 0 1 657 408 0 119 476 0 0 0 0 4 169 950 2 076 435 2 076 435 0 259 361 0 0 0 57 270 68 094 0 0 0 0 -10 824 0 0 1 657 408 0 119 476 0 0 0 0 4 169 950 13 876 607 2 190 141
31 585 299 15 518 551
40
INCOME STATEMENT OF GROUP II BANKS (June 2011)
690 229 1 024 632 19 5 325 8 081 18 122 974 174 18 911 0 0 523 979 0 7 0 523 945 0 27 0 1 459 3 0 1 456 161 713 17 378 1 677 1 443 494 -285 0 25 19 078 1 849 8 347 8 907 0 0 -25 287 0 15 296 -1 340 14 232 5 448 347 078 417 154 0 2 157 5 412 5 773 393 635 10 177 0 0 212 841 0 0 0 212 824 0 17 0 1 451 1 0 1 450 109 521 11 989 1 677 1 443 494 -285 0 25 19 078 1 849 8 347 8 907 0 0 -25 287 0 15 296 -1 340 14 232 5 448
(continued)
332 320 572 426 19 3 123 2 644 10 996 547 977 7 667 0 0 282 066 0 7 0 282 059 0 0 6 0 0 6 46 714 4 760
10 831 35 052 0 45 25 1 353 32 562 1 067 0 0 29 072 0 0 0 29 062 0 10 2 2 0 0 5 478 629
41
365 350 150 751 214 599 44 346 36 619 523 7 204 6 231 138 441 137 849 0 0 137 849 0 592 0 0 0 0 0 592 0 0 -85
135 776 16 300
119 476 0
119 476 0
119 476
42
MEMORANDUM ITEMS OF GROUP II BANKS AS OF 30 JUNE 2011
(BGN000) Total BGN Including EUR 4 719 62 1 663 817 892 400 674 055 0 21 261 197 084 771 417 683 805 14 428 73 184 67 695 67 681 Other currencies 5 876 3 149 127 796 97 503 93 498 0 0 4 005 30 293 270 30 023 0 0 0 Dividend income/ Interest income 1 459 2 50 525 42 237 35 254 20 637 6 326 8 288 5 410 946 1 932 0 0
Equity instruments 138 012 incl. credit institutions 7 949 Debt instruments 2 846 738 Domestic debt instruments 1 975 578 Government securities 1 738 033 Municipal securities 614 Credit institutions 26 268 Other issuers 210 663 Foreign debt instruments 871 160 Issuers qualified for a 0% risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 746 401 Credit institutions 51 575 Other issuers 73 184 Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) 219 221 incl. credit institutions 67 681 Compensation certificates 323
127 417 4 738 1 055 125 985 675 970 480 614 5 007 9 574 69 450 62 326 7 124 0 151 526 0 323
(BGN000) Total BGN Including EUR Other currencies 927 861 105 0 2 239 653 084 272 433 85 288 187 145 Impairment Interest income 974 089 13 319 24 924 9 460 704 783 221 603 91 555 130 048
25 080 097 405 906 3 726 816 361 447 16 287 212 4 298 716 2 149 101 2 149 615
7 564 290 380 819 639 557 159 938 4 100 076 2 283 900 610 224 1 673 676
15 759 558 1 756 249 25 087 0 2 133 948 953 311 165 273 36 236 11 457 779 729 357 1 977 471 37 345 1 508 073 30 804 469 398 6 541
(BGN000) Specific proviImpairment sions for credit (under risk (deducIAS 39) tions from capital base) Loss Total 927 861 105 0 2 239 653 085 272 432 85 287 187 145 Total 535 482 0 0 2 800 488 811 43 871 18 895 24 976
(continued)
Total
Standard 20 366 436 405 804 3 726 816 350 181 12 328 139 3 555 496 1 769 544 1 785 952
Watch 2 351 187 102 0 6 596 2 097 414 247 075 146 798 100 277
25 080 097 405 906 3 726 816 361 447 16 287 212 4 298 716 2 149 101 2 149 615
610 175 1 752 299 0 0 0 0 0 4 670 493 082 1 368 577 117 093 379 052 67 035 50 058 165 724 213 328
43
(continued) Total BGN Including EUR 13 831 542 3 928 492 2 431 653 33 274 563 884 899 681 2 731 580 2 509 752 3 617 74 748 143 463 6 479 892 438 015 253 563 Other currencies 2 159 364 241 489 173 191 19 145 6 803 42 350 747 929 747 929 0 0 0 1 169 655 291 0 (BGN000) Interest expenses 523 944 63 566 31 094 1 126 9 445 21 901 133 149 128 211 113 997 3 828 305 110 13 417 8 702
27 225 934 5 025 391 2 946 464 242 822 573 725 1 262 380 8 980 755 8 730 629 4 621 75 345 170 160 12 515 707 450 518 253 563
11 235 028 855 410 341 620 190 403 3 038 320 349 5 501 246 5 472 948 1 004 597 26 697 4 866 160 12 212 0
44
BALANCE SHEET OF GROUP III BANKS AS OF 30 JUNE 2011
335 658 112 732 11 060 0 101 672 0 275 909 0 0 275 909 309 479 350 309 129 0 2 890 092 0 2 890 092 0 0 0 0 0 0 0 0 0 0 40 039 40 039 0 10 028 0 10 028 0 16 835 1 710 15 125 33 754 0 4 024 526 239 885 23 254 573 0 22 681 0 5 000 0 0 5 000 42 374 350 42 024 0 355 850 0 355 850 0 0 0 0 0 0 0 0 0 0 39 997 39 997 0 10 028 0 10 028 0 16 835 1 710 15 125 8 922 0 742 145 92 847 81 828 2 842 0 78 986 0 259 105 0 0 259 105 267 105 0 267 105 0 2 403 621 0 2 403 621 0 0 0 0 0 0 0 0 0 0 42 42 0 0 0 0 0 0 0 0 24 770 0 3 129 318 2 926 7 650 7 645 0 5 0 11 804 0 0 11 804 0 0 0 0 130 621 0 130 621 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62 0 153 063
(continued)
45
0 9 508 9 508 0 0 0 0 0 202 840 202 840 0 0 0 0 3 903 212 1 858 951 2 044 261 0 0 0 0 0 0 0 0 0 0 0 199 0 52 83 0 0 64 9 1 8 41 266 0 0 4 157 034 0 508 508 0 0 0 0 0 74 354 74 354 0 0 0 0 1 229 303 353 979 875 324 0 0 0 0 0 0 0 0 0 0 0 199 0 52 83 0 0 64 9 1 8 14 618 0 0 1 318 991 0 898 898 0 0 0 0 0 123 441 123 441 0 0 0 0 2 486 261 1 500 582 985 679 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23 734 0 0 2 634 334 0 8 102 8 102 0 0 0 0 0 5 045 5 045 0 0 0 0 187 648 4 390 183 258 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 914 0 0 203 709
(continued)
46
0 0 0 0 228 0 228 1 075 437 0 0 0 0 638 0 0 -113 645 0 -15 852 0 -4 314 -4 314 0 -132 508 4 024 526 0 0 0 0 228 0 228 1 075 437 0 0 0 0 638 0 0 -113 645 0 -15 852 0 -4 314 -4 314 0 -132 508 1 186 483 2 634 334 203 709
47
INCOME STATEMENT OF GROUP III BANKS (June 2011)
68 126 82 359 0 3 971 993 3 234 73 225 0 0 936 35 416 0 549 659 34 205 0 3 0 0 0 0 0 14 187 1 494 805 805 0 0 0 0 3 708 0 453 3 255 0 0 0 -62 0 3 731 3 870 565 15 191 15 704 0 875 55 691 14 083 0 0 0 17 282 0 53 173 17 056 0 0 0 0 0 0 0 9 146 867 805 805 0 0 0 0 3 708 0 453 3 255 0 0 0 -62 0 3 731 3 870 565
(continued)
50 344 64 943 0 2 908 925 2 543 58 567 0 0 0 17 478 0 380 439 16 657 0 2 0 0 0 0 3 430 551
2 591 1 712 0 188 13 0 575 0 0 936 656 0 116 47 492 0 1 0 0 0 0 1 611 76
48
51 378 20 575 30 803 5 548 4 892 0 656 14 25 788 23 952 0 0 23 952 0 1 836 1 836 0 0 0 0 0 0 0 0
-14 602 1 250
-15 852 0
-15 852 0
-15 852
49
MEMORANDUM ITEMS OF GROUP III BANKS AS OF 30 JUNE 2011
(BGN000) Total BGN Including EUR 0 0 346 091 145 674 123 738 0 5 852 16 084 200 417 0 0 200 417 0 0 Other currencies 0 0 5 5 5 0 0 0 0 0 0 0 0 0 Dividend income/ Interest income 0 0 6 241 4 276 3 396 0 539 341 1 965 28 239 1 698 0 0
Equity instruments incl. credit institutions Debt instruments Domestic debt instruments Government securities Municipal securities Credit institutions Other issuers Foreign debt instruments Issuers qualified for a 0% risk weight for credit risk under Chapter 4 Standardised Approach, Part 2 of Ordinance No. 8 Credit institutions Other issuers Investments in associates, subsidiaries and joint ventures (accounted under the equity method including goodwill) incl. credit institutions Compensation certificates
350 0 410 801 204 260 169 856 0 18 320 16 084 206 541 0 3 095 203 446 0 0 0
350 0 64 705 58 581 46 113 0 12 468 0 6 124 0 3 095 3 029 0 0 0
(BGN000) Total BGN Including EUR 2 497 487 0 428 756 37 268 1 691 682 339 781 319 706 20 075 Other currencies 130 651 0 122 806 0 7 803 42 35 7 116 360 0 155 2 82 311 33 892 18 751 15 141 Impairment Interest income 73 225 0 2 663 1 035 49 538 19 989 9 556 10 433
3 006 452 0 584 473 37 269 1 898 654 486 056 321 044 165 012
378 314 0 32 911 1 199 169 146 233 1 303 144 930
(BGN000) Specific proviImpairment sions for credit (under risk (deducIAS 39) tions from capital base) Loss 269 859 0 0 625 185 241 83 993 66 371 17 622 Total 116 360 0 155 2 82 311 33 892 18 751 15 141
(continued)
Gross value prior to impairment Non-performing 28 513 0 0 0 5 861 22 652 13 064 9 588
Total
Standard 2 570 283 0 584 473 36 644 1 603 193 345 973 220 257 125 716
Watch 137 797 0 0 0 104 359 33 438 21 352 12 086
Total
3 006 452 0 584 473 37 269 1 898 654 486 056 321 044 165 012
50
(continued) Total BGN Including EUR 2 609 702 1 624 023 1 432 716 191 307 0 0 697 654 697 654 0 0 0 288 025 0 0 Other currencies 192 693 9 435 9 404 0 31 0 157 354 157 354 0 0 0 25 904 0 0 (BGN000) Interest expenses 34 864 9 551 9 112 437 2 0 8 553 8 553 0 0 0 16 760 0 0
4 106 052 2 061 791 1 866 383 195 377 31 0 1 481 247 1 481 247 0 0 0 563 014 0 0
1 303 657 428 333 424 263 4 070 0 0 626 239 626 239 0 0 0 249 085 0 0
V. Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks*
Allianz Bank Bulgaria ...................................................................................................... 53 Alpha Bank, Bulgaria Branch .......................................................................................... 57 BNP Paribas S.A. Sofia Branch .................................................................................... 61 Bulgarian-American Credit Bank ..................................................................................... 65 Bulgarian Development Bank .......................................................................................... 69 Central Cooperative Bank ................................................................................................ 73 CIBANK .......................................................................................................................... 77 Citibank N.A., Sofia Branch ............................................................................................ 81 Corporate Commercial Bank ........................................................................................... 85 D Commerce Bank ........................................................................................................... 89 DSK Bank ........................................................................................................................ 93 Emporiki Bank Bulgaria ............................................................................................... 97 Eurobank EFG Bulgaria ................................................................................................. 101 First Investment Bank .................................................................................................... 105 ING Bank N.V., Sofia Branch ........................................................................................ 109 International Asset Bank ................................................................................................ 113 Investbank ...................................................................................................................... 117 MKB Unionbank ............................................................................................................ 121 Municipal Bank .............................................................................................................. 125 NLB Banka Sofia ........................................................................................................... 129 Piraeus Bank Bulgaria .................................................................................................... 133 ProCredit Bank, Bulgaria ............................................................................................... 137 Raiffeisenbank, Bulgaria ................................................................................................ 141 Regional Investment Bank, Bulgaria Branch ................................................................. 145 Socit Gnrale Expressbank ....................................................................................... 149 T.C. Ziraat Bank, Sofia Branch ...................................................................................... 153 Texim Private Entrepreneurial Bank .............................................................................. 157 Tokuda Bank .................................................................................................................. 161 UniCredit Bulbank ......................................................................................................... 165 United Bulgarian Bank ................................................................................................... 169
51
* Banks are arranged in alphabetical order, not according to the bank identification code.
ALLIANZ BANK BULGARIA

BALANCE SHEET AS OF 30 JUNE 2011
53
Balance Sheets, Income Statements and Loans and Attracted Funds of Individual Banks
ASSETS Cash and cash balances with central banks Financial assets held for trading Financial assets designated at fair value through profit or loss Available-for-sale financial assets Loans and receivables (including finance leases) Held-to-maturity investments Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Tangible assets Intangible assets Investments in associates, subsidiaries and joint ventures (accounted for using the equity method including goodwill) Tax assets Other assets Non-current assets and disposal groups classified as held for sale TOTAL ASSETS LIABILITIES Deposits from central banks Financial liabilities held for trading Financial liabilities designated at fair value through profit or loss Financial liabilities measured at amortised cost Financial liabilities associated with transferred financial assets Derivatives hedge accounting Fair value changes of the hedged items in portfolio hedge of interest rate risk Provisions Tax liabilities Other liabilities Share capital repayable on demand (e.g. cooperative shares) Liabilities included in disposal groups classified as held for sale TOTAL LIABILITIES EQUITY AND MINORITY INTEREST Issued capital Share premium Other equity Revaluation reserves and other valuation differences Reserves (including retained earnings) Treasury shares Income from current year Interim dividends Minority interest TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
159 100 18 069 0 38 691 1 260 825 130 333 0 0 13 393 7 052 0 2 048 33 276 0 1 662 787
125 481 5 618 0 24 868 414 502 60 639 0 0 13 393 7 052 0 2 048 32 559 0 686 160
29 981 11 281 0 13 760 807 104 55 159 0 0 0 0 0 0 511 0 917 796
3 638 1 170 0 63 39 219 14 535 0 0 0 0 0 0 206 0 58 831
0 0 0 1 473 513 0 0 0 135 1 201 33 119 0 0 1 507 968
0 0 0 748 510 0 0 0 135 1 201 27 624 0 0 777 470
0 0 0 678 379 0 0 0 0 0 2 120 0 0 680 499
0 0 0 46 624 0 0 0 0 0 3 375 0 0 49 999
69 000 0 0 59 79 797 0 5 963 0 0 154 819 1 662 787
69 000 0 0 59 79 797 0 5 963 0 0 154 819 932 289 680 499 49 999
54
INCOME STATEMENT (June 2011)
CONTINUING OPERATIONS Financial and operating income and expenses Interest income Interest expenses Expenses on share capital repayable on demand Dividend income Fee and commission income Fee and commission expenses Realised gains (losses) on financial assets and liabilities not measured at fair value through profit or loss, net Gains (losses) on financial assets and liabilities held for trading, net Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net Gains (losses) from hedge accounting, net Exchange differences, net Gains (losses) on derecognition of assets other than held for sale, net Other operating income Other operating expenses Administration costs Depreciation Provisions Impairment Negative goodwill immediately recognised in profit or loss Share of the profit or loss of associates and joint ventures accounted for using the equity method Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations TOTAL PROFIT OR LOSS BEFORE TAX FROM CONTINUING OPERATIONS Tax expense (income) related to profit or loss from continuing operations TOTAL PROFIT OR LOSS AFTER TAX FROM CONTINUING OPERATIONS Profit or loss after tax from discontinued operations TOTAL PROFIT OR LOSS AFTER TAX AND DISCONTINUED OPERATIONS Profit or loss attributable to minority interest PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT
36 696 52 259 25 326 0 0 8 370 655 -292 2 007 0 0 -280 11 833 231 18 961 1 887 0 9 222 0 0 0 6 626 663 5 963 0 5 963 0 5 963
18 080 21 484 10 978 0 0 6 038 512 -292 2 007 0 0 -280 11 833 231
17 009 28 500 13 322 0 1 959 128
1 607 2 275 1 026 0 373 15

LOANS AND ATTRACTED FUNDS AS OF 30 JUNE 2011
(BGN000) Including Total BGN EUR Other currencies
55
LOANS Loans and advances (gross value) Central governments Credit institutions Non-credit institutions Corporates (corporate customers) Retail exposures Residential mortgage loans to individuals Consumer loans ATTRACTED FUNDS Attracted funds Credit institutions Deposits Repo transactions Short-term funding Long-term funding Institutions other than credit institutions Deposits Repo transactions Short-term funding Long-term funding Individuals and households Subordinated debt Debt/equity (hybrid) instruments
1 473 513 125 184 22 835 18 280 1 405 82 664 639 282 638 671 0 20 591 678 432 30 615 0 748 510 73 240 9 893 18 280 0 45 067 427 232 426 621 0 20 591 235 826 12 212 0 678 379 51 944 12 942 0 1 405 37 597 196 191 196 191 0 0 0 411 841 18 403 0 46 624 0 0 0 0 0 15 859 15 859 0 0 0 30 765 0 0 1 312 934 7 423 247 968 24 162 538 410 494 971 421 184 73 787 445 444 269 20 686 2 235 232 725 189 529 141 973 47 556 828 153 7 154 221 827 21 927 272 767 304 478 278 699 25 779 39 337 0 5 455 0 32 918 964 512 452
56
License granted by the BNB

STATUS, MANAGEMENT AND MAJOR SHAREHOLDERS
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. 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 79 Knyaginya Maria-Luiza Blvd., Sofia 1202 tel. 02/9215 522; 02/9215 487 Website: www.bank.allianz.bg
Legal registration
Address of the head office
Management Supervisory Board
Maxim Stanev Sirakov Chairman Emil Dimitrov Gavrilov Temenuga Nenova Matrakchieva Radka Stefanova Rassina Georgi Yanchev Momchilov Dimitar Georgiev Zhelev Chairman and Executive Director Svetoslav Veleslavov Gavriyski Chief Executive Director Dorcho Dimitrov Ilchev Executive Director Rossen Stoyadinov Stanimirov Executive Director Hristo Borisov Babbev Kamelia Georgieva Giuleva Marieta Vassileva Petrova Orlin Tsenkov Penev
Management Board
Procurator Shareholders (shares over 10%)
Allianz Bulgaria Holding Ltd. 79.9% Auditor KPMG Bulgaria OOD
ALPHA BANK, BULGARIA BRANCH

57
141 275 0 0 187 536 1 670 900 0 0 0 36 197 9 347 0 14 605 25 454 0 2 085 314
48 734 0 0 12 180 446 0 0 0 36 197 9 347 0 14 605 2 440 0 291 781
90 532 0 0 187 524 1 486 757 0 0 0 0 0 0 0 23 012 0 1 787 825
2 009 0 0 0 3 697 0 0 0 0 0 0 0 2 0 5 708
0 0 0 2 266 757 0 0 0 29 0 7 055 0 0 2 273 841
0 0 0 470 962 0 0 0 29 0 4 914 0 0 475 905
0 0 0 1 770 800 0 0 0 0 0 2 092 0 0 1 772 892
0 0 0 24 995 0 0 0 0 0 49 0 0 25 044
0 0 0 0 -158 668 0 -25 545 0 -4 314 -188 527 2 085 314
0 0 0 0 -158 668 0 -25 545 0 -4 314 -188 527 287 378 1 772 892 25 044
58
33 228 59 744 32 108 0 0 5 372 364 0 489 0 0 0 0 95 0 27 689 4 758 0 26 298 0 0 0 -25 517 28 -25 545 0 -25 545 0 -25 545
96 11 184 16 680 0 0 5 372 364 0 489 0 0 0 0 95 0
33 137 48 235 15 098 0 0 0
-5 325 330 0 0 0

59
2 266 757 1 464 611 1 273 304 191 307 0 0 283 202 283 202 0 0 0 518 944 0 0 470 962 82 097 82 097 0 0 0 145 571 145 571 0 0 0 243 294 0 0 1 770 800 1 382 303 1 190 996 191 307 0 0 133 828 133 828 0 0 0 254 669 0 0 24 995 211 211 0 0 0 3 803 3 803 0 0 0 20 981 0 0 1 780 588 0 9 590 15 568 1 271 252 484 178 319 913 164 265 202 322 0 0 0 57 093 145 229 781 144 448 1 574 565 0 5 968 15 568 1 214 115 338 914 319 097 19 817 3 701 0 3 622 0 44 35 35 0
60

Licensed by Resolution No. 31 of 2 February 1995 of the BNB Governing Council under Articles 9 and 10 of the Law on Banks and Credit Activity to conduct bank transactions through a branch in Sofia. License updated by Order No. 100-00564 of 22 December 1999 of the BNB Governing Council in accordance with the requirements of the Law on Banks. Entered in the Commercial Register by Resolution No. 2 of 1 September 1995 of the Sofia City Court on company file No. 4005 of 1995, vol. 280, p. 156; re-entered in the Commercial Register to the Registry Agency, UIC 831694000, certificate No. 20080826102003 of 26 August 2008 1517 Vasil Levski Blvd., Sofia 1142 tel. 02/810 3500 Website: www.alphabank.bg
Legal registration
Address
Management Evangelos Lytras Governor Evgenia Dimitrova Stoyanova Governor Ioanis Evangelos Staikos Governor Sevdalina Ivanova Vasileva Governor Konstantinos Kormentzas Governor Shareholders (shares over 10%) Alpha Bank AE, Athens, Greece 100% Auditor KPMG Bulgaria OOD
BNP PARIBAS S.A. SOFIA BRANCH

61
34 141 784 0 3 570 644 317 0 0 0 617 72 0 197 586 0 684 284
33 868 573 0 96 32 067 0 0 0 617 72 0 197 393 0 67 883
166 162 0 3 474 533 785 0 0 0 0 0 0 0 146 0 537 733
107 49 0 0 78 465 0 0 0 0 0 0 0 47 0 78 668
0 622 0 653 970 0 0 0 83 7 9 406 0 0 664 088
0 508 0 222 094 0 0 0 83 7 4 470 0 0 227 162
0 86 0 346 767 0 0 0 0 0 4 836 0 0 351 689
0 28 0 85 109 0 0 0 0 0 100 0 0 85 237
0 0 0 0 18 086 0 2 110 0 0 20 196 684 284
0 0 0 0 18 086 0 2 110 0 0 20 196 247 358 351 689 85 237
62
9 322 7 288 1 479 0 0 3 256 322 15 6 0 0 558 0 4 4 7 248 213 0 -498 0 0 0 2 359 249 2 110 0 2 110 0 2 110
2 485 787 100 0 0 1 248 29 15 6 0 0 558 0 4 4
6 223 6 297 1 190 0 1 364 248
614 204 189 0 644 45

63
653 970 199 922 199 922 0 0 0 418 470 418 470 0 0 0 35 578 0 0 222 094 90 238 90 238 0 0 0 127 018 127 018 0 0 0 4 838 0 0 346 767 105 674 105 674 0 0 0 213 349 213 349 0 0 0 27 744 0 0 85 109 4 010 4 010 0 0 0 78 103 78 103 0 0 0 2 996 0 0 649 184 0 408 228 16 928 223 587 441 234 207 32 070 0 654 1 30 992 423 234 189 538 649 0 329 124 16 927 192 580 18 0 18 78 465 0 78 450 0 15 0 0 0
64

License granted by the BNB By Order No. RD 22-2254 of the BNB Governor dated 28 November 2006 the BNP Paribas S.A., Paris, French Republic, was granted a permit to conduct bank transactions within Bulgaria through a branch in Sofia. Entered in the Commercial Register by Resolution No. 1 of the Sofia City Court of 4 December 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 11 June 2008
Legal registration
2 Tsar Osvoboditel Blvd., Sofia 1000 tel. 02/9218 550 Website: www.bnpparibas.bg 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 Ullrich Gnther Schubert Governor Cyril le Merrer Deputy Governor Ivailo Lyubomirov Lyubomirov Deputy Governor
Management
Shareholders (shares over 10%) BNP Paribas S.A., Paris, France 100% Auditor Deloitte Audit OOD
65
36 422 0 0 7 160 618 421 0 0 0 35 816 256 17 880 1 685 990 4 395 723 025
15 614 0 0 4 503 5 559 0 0 0 35 816 256 17 880 1 685 814 4 395 86 522
17 419 0 0 0 518 524 0 0 0 0 0 0 0 176 0 536 119
3 389 0 0 2 657 94 338 0 0 0 0 0 0 0 0 0 100 384
0 0 0 547 614 0 0 0 0 0 3 082 0 0 550 696
0 0 0 102 690 0 0 0 0 0 1 586 0 0 104 276
0 0 0 343 504 0 0 0 0 0 1 394 0 0 344 898
0 0 0 101 420 0 0 0 0 0 102 0 0 101 522
12 625 850 0 592 172 323 0 -14 061 0 0 172 329 723 025
12 625 850 0 592 172 323 0 -14 061 0 0 172 329 276 605 344 898 101 522
66
13 988 26 833 15 480 0 213 325 38 15 41 0 0 856 -1 1 370 146 7 205 541 0 20 273 0 0 40 -13 991 70 -14 061 0 -14 061 0 -14 061
-573 8 3 056 0 213 138 11 15 41 0 0 856 -1 1 370 146
16 962 26 512 9 691 0 165 24
-2 401 313 2 733 0 22 3
67
547 614 46 114 2 935 0 43 179 0 234 744 107 493 0 74 748 52 503 266 756 0 0 102 690 0 0 0 0 0 59 031 59 031 0 0 0 43 659 0 0 343 504 46 114 2 935 0 43 179 0 169 253 42 002 0 74 748 52 503 128 137 0 0 101 420 0 0 0 0 0 6 460 6 460 0 0 0 94 960 0 0 742 347 0 124 385 9 315 574 266 34 381 33 572 809 12 233 0 25 0 12 187 21 21 0 635 776 0 32 318 9 315 560 690 33 453 32 644 809 94 338 0 92 042 0 1 389 907 907 0
68
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 16 Krakra Str., Sofia 1504 tel. 02/965 8358; 965 8345 Website: www.bacb.bg
Tzvetelina Borislavova Karagyozova Chairman Marshall Lee Miller Deputy Chairman Evgeni Yakimov Ivanov Kiril Alexandrov Manov Martin Boychev Ganev Jason Lyle Cook Dimiter Stoyanov Voutchev Chairman and Executive Director Yanita Zagorova-Petrova Executive Director Vassil Stefanov Simov Executive Director Tanya Ilieva Keremidchieva Executive Director Silvia Kirilova Kirilova
Management Board
Shareholders (shares over 10%) CSIF AD 49.99% Gramercy Emerging Markets Fund 29.97% Auditor Deloitte Audit OOD
69
67 382 0 0 17 564 1 529 298 0 0 0 14 164 34 84 562 57 391 9 350 1 722 802
46 600 0 0 4 859 839 289 0 0 0 14 164 34 84 562 57 391 9 350 999 306
20 771 0 0 12 705 635 337 0 0 0 0 0 0 0 0 0 668 813
11 0 0 0 54 672 0 0 0 0 0 0 0 0 0 54 683
0 295 0 1 040 709 0 0 0 3 265 561 1 705 0 0 1 046 535
0 0 0 533 514 0 0 0 3 265 561 401 0 0 537 741
0 0 0 476 214 0 0 0 0 0 1 304 0 0 477 518
0 295 0 30 981 0 0 0 0 0 0 0 0 31 276
601 774 0 0 -121 58 015 0 16 599 0 0 676 267 1 722 802
601 774 0 0 -121 58 015 0 16 599 0 0 676 267 1 214 008 477 518 31 276
70
34 335 43 925 11 082 0 6 959 40 -14 195 0 0 2 -2 393 7 4 738 87 5 700 5 242 0 0 -125 18 443 1 844 16 599 0 16 599 0 16 599
25 230 27 472 3 278 0 0 501 32 -14 195 0 0 2 -2 393 7
8 472 15 512 7 497 6 454 3
633 941 307 0 4 5
71
1 040 709 495 753 104 521 0 23 470 367 762 544 147 470 246 0 0 73 901 809 0 0 533 514 74 609 74 609 0 0 0 458 469 452 176 0 0 6 293 436 0 0 476 214 390 530 15 703 0 23 470 351 357 85 319 17 711 0 0 67 608 365 0 0 30 981 30 614 14 209 0 0 16 405 359 359 0 0 0 8 0 0 1 569 953 297 681 793 880 0 476 692 1 700 984 716 854 214 292 187 466 659 0 93 695 1 673 957 716 660 324 5 494 312 380 0 342 423 27 27 0 55 415 0 14 841 0 40 574 0 0 0
72
License granted by the BNB 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; re-entered in the Commercial Register to the Registry Agency, UIC 121856059, certificate No. 20080429100249 of 29 April 2008 10 Stefan Karadzha Str., Sofia 1000 tel. 02/9306 333 Websites: www.nasbank.bg; www.bbr.bg
Legal registration
Rumen Andonov Porozhanov Chairman Diana Toneva Dragneva-Ivanova Dorothea Ivanova Pandova-Gargova Asen Vasilev Yagodin Chairman and Executive Director Vladimir Vladimirov Gyulev Deputy Chairman and Executive Director Iliya Zapryanov Karanikolov Executive Director Andrey Ivanov Genev Christo Vangelov Karamfilov
Management Board
Shareholders (shares over 10%) Ministry of Finance 100% Auditor KPMG Bulgaria OOD
73
669 698 52 795 0 180 245 1 370 117 131 637 0 0 46 589 875 46 216 438 83 322 1 633 2 583 565
571 403 28 719 0 48 109 826 988 55 480 0 0 46 589 875 0 438 80 772 1 633 1 661 006
88 981 8 656 0 129 123 447 882 76 157 0 0 0 0 46 216 0 2 132 0 799 147
9 314 15 420 0 3 013 95 247 0 0 0 0 0 0 0 418 0 123 412
0 12 318 0 2 285 879 0 0 0 0 209 2 146 0 0 2 300 552
0 0 0 1 338 820 0 0 0 0 209 1 872 0 0 1 340 901
0 0 0 821 895 0 0 0 0 0 218 0 0 822 113
0 12 318 0 125 164 0 0 0 0 0 56 0 0 137 538
83 155 64 445 0 -4 289 130 633 0 9 069 0 0 283 013 2 583 565
83 155 64 445 0 -4 289 130 633 0 9 069 0 0 283 013 1 623 914 822 113 137 538
74
47 813 76 303 46 573 0 2 14 915 1 954 1 263 3 562 0 0 -913 -43 1 251 0 36 694 4 515 0 -3 473 0 0 0 10 077 1 008 9 069 0 9 069 0 9 069
35 884 46 917 24 888 0 0 9 882 1 147 1 263 3 562 0 0 -913 -43 1 251 0
10 236 26 672 19 916 0 4 229 749
1 693 2 714 1 769 2 804 58
75
2 285 879 76 077 13 225 22 790 0 40 062 825 625 822 940 1 865 0 820 1 384 177 0 0 1 338 820 57 344 4 274 13 008 0 40 062 556 066 555 246 0 0 820 725 410 0 0 821 895 16 942 7 160 9 782 0 0 248 123 246 258 1 865 0 0 556 830 0 0 125 164 1 791 1 791 0 0 0 21 436 21 436 0 0 0 101 937 0 0 1 389 486 13 543 108 088 70 003 902 884 294 968 82 823 212 145 845 853 13 540 10 006 35 121 531 210 255 976 55 938 200 038 448 385 3 62 757 16 326 330 471 38 828 26 814 12 014 95 248 0 35 325 18 556 41 203 164 71 93
76
License granted by the BNB 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 103 Rakovski Str., Sofia 1086 tel. 02/926 62 66 Website: www.ccbank.bg
Legal registration
Ivo Kamenov Georgiev Chairman Marin Velikov Mitev Central Cooperative Union, represented by Petar Ivanov Stefanov Alexander Asenov Vodenicharov Chairman Tsvetan Tsankov Botev Deputy Chairman Georgi Dimitrov Konstantinov Executive Director Ivailo Lazarov Donchev Executive Director Sava Marinov Stoynov Executive Director Alexander Dimitrov Kerezov Biser Yordanov Slavkov Tsvetanka Donkova Krumova Tihomir Angelov Atanasov
Management Board
CCB Group EAD 68.20% Auditor Deloitte Audit OOD
77
166 955 0 0 64 298 1 711 213 0 0 0 43 004 1 517 19 019 519 7 905 0 2 014 430
130 824 0 0 57 729 522 770 0 0 0 43 004 1 517 19 019 519 7 590 0 782 972
31 905 0 0 6 558 1 046 649 0 0 0 0 0 0 0 258 0 1 085 370
4 226 0 0 11 141 794 0 0 0 0 0 0 0 57 0 146 088
0 0 0 1 694 004 0 0 0 49 157 8 603 0 0 1 702 813
0 0 0 792 736 0 0 0 30 157 5 294 0 0 798 217
0 0 0 754 735 0 0 0 19 0 3 140 0 0 757 894
0 0 0 146 533 0 0 0 0 0 169 0 0 146 702
208 374 0 0 3 281 98 553 0 1 409 0 0 311 617 2 014 430
208 374 0 0 3 281 98 553 0 1 409 0 0 311 617 1 109 834 757 894 146 702
78
50 591 57 319 26 963 0 0 18 210 717 554 841 0 0 -92 -24 1 979 516 32 985 2 497 -3 13 546 0 0 0 1 566 157 1 409 0 1 409 0 1 409
31 241 27 942 12 013 0 0 12 868 298 554 841 0 0 -92 -24 1 979 516
20 517 29 217 13 239 0 4 946 407
-1 167 160 1 711 0 396 12
79
1 694 004 342 838 280 534 10 000 0 52 304 521 084 521 084 0 0 0 712 548 117 534 0 792 736 132 894 119 856 10 000 0 3 038 409 074 409 074 0 0 0 250 768 0 0 754 735 196 412 147 146 0 0 49 266 83 860 83 860 0 0 0 356 929 117 534 0 146 533 13 532 13 532 0 0 0 28 150 28 150 0 0 0 104 851 0 0 1 802 209 1 641 447 700 50 898 840 479 461 491 217 517 243 974 575 853 1 539 10 036 32 018 206 553 325 707 90 852 234 855 1 084 561 102 296 018 18 880 633 923 135 638 126 656 8 982 141 795 0 141 646 0 3 146 9 137
80
License granted by the BNB Licensed by Resolution No. 26 of 27 January 1995 of the BNB Governing Council under Articles 9 and 10 of the Law on Banks and Credit Activity to conduct bank transactions in Bulgaria and abroad. License updated by: Order No. 100-00502 of 18 November 1999 of the BNB Governing Council in accordance with the requirements of the Law on Banks; Order No. RD 22-0858 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2255 of 16 November 2009 of the BNB Governing Council in accordance with the requirements of the Law on Amendment to the Law on Credit Institutions. Entered in the Commercial Register by Resolution No. 1 of 8 March 1995 of the Sofia City Court on company file No. 2757 of 1995, lot No. 665, vol. 12, reg. II, p. 126; re-entered in the Commercial Register to the Registry Agency, UIC 831686320, certificate No. 20080227204600 of 27 February 2008 1 Tsar Boris III Blvd., Sofia 1612 tel. 02/9399 240; 02/9399 111 Website: www.cibank.bg Marco Volj Chairman Guy Libot Deputy Chairman Ronny Delchambre Peter Grozdev Andronov Chairman and Chief Executive Director Alexander Dimitrov Dimitrov Executive Director Frank Jansen Executive Director Christof De Mil Executive Director Christina Filipova Executive Director
Legal registration
Management Board
Shareholders (shares over 10%) KBC BANK N.V., Kingdom Belgium 100% Auditor Ernst & Young Audit OOD
CITIBANK N.A., SOFIA BRANCH

81
85 587 13 520 0 105 322 260 723 0 0 0 641 0 0 752 6 585 0 473 130
85 184 0 0 42 108 66 783 0 0 0 641 0 0 752 5 523 0 200 991
241 6 201 0 63 214 189 965 0 0 0 0 0 0 0 1 053 0 260 674
162 7 319 0 0 3 975 0 0 0 0 0 0 0 9 0 11 465
0 8 457 0 442 396 0 0 0 0 0 15 196 0 0 466 049
0 0 0 232 248 0 0 0 0 0 3 316 0 0 235 564
0 628 0 190 529 0 0 0 0 0 9 270 0 0 200 427
0 7 829 0 19 619 0 0 0 0 0 2 610 0 0 30 058
0 0 228 166 0 0 6 687 0 0 7 081 473 130
0 0 228 166 0 0 6 687 0 0 7 081 242 645 200 427 30 058
82
13 566 6 873 664 0 0 3 408 457 790 885 0 0 3 005 3 284 561 5 839 142 0 66 0 0 0 7 519 832 6 687 0 6 687 0 6 687
6 754 1 344 213 0 0 1 603 386 790 885 0 0 3 005 3 284 561
5 306 4 483 431 0 1 310 56
1 506 1 046 20 0 495 15

83
442 396 20 406 20 406 0 0 0 421 022 421 022 0 0 0 968 0 0 232 248 10 612 10 612 0 0 0 221 598 221 598 0 0 0 38 0 0 190 529 9 794 9 794 0 0 0 179 805 179 805 0 0 0 930 0 0 19 619 0 0 0 0 0 19 619 19 619 0 0 0 0 0 0 261 823 0 115 963 7 145 853 0 0 0 67 027 0 29 638 0 37 389 0 0 0 190 797 0 86 095 7 104 695 0 0 0 3 999 0 230 0 3 769 0 0 0
84

By Order No. RD 22-319 of 22 June 2000 of the BNB Governor, Citibank N.A., New York, USA, was granted a permit to conduct bank transactions in the Republic of Bulgaria through a branch in Sofia. License amended by Order No. RD 22-319 of 11 December 2000 of the BNB Governor in accordance with the requirements of the Law on Banks. License updated by: Order No. RD 22-2279 of 25 October 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2273 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 6 July 2000 of the Sofia City Court on company file No. 8611 of 2000, lot No. 57183, vol. 627, reg. I, p. 132, re-entered in the Commercial Register to the Registry Agency, UIC 130325402, certificate No. 20090430100728 of 30 April 2009 2 Knyaginya Maria-Luiza Blvd., TSUM Business Centre, floor 5, Sofia 1000 tel. 02/9175 100; 9175 111 Website: www.citibank.com/bulgaria
Legal registration
Address of the branch
Management Plamen Nikolov Gonkov Governor Borislava Stoyanova Zhereva-Naimoushina Governor Silvana Vassileva Grancharova Governor Shareholders (shares over 10%) Citibank N.A., New York, USA 100% Auditor KPMG Bulgaria OOD
85
298 658 132 302 0 257 563 2 389 152 76 596 0 0 63 212 339 165 826 8 526 0 3 227 339
187 429 70 669 0 32 476 620 952 73 418 0 0 63 212 339 165 826 8 063 0 1 057 549
97 563 56 393 0 225 087 1 357 398 3 178 0 0 0 0 0 0 461 0 1 740 080
13 666 5 240 0 0 410 802 0 0 0 0 0 0 0 2 0 429 710
0 24 0 2 869 469 0 0 0 532 2 819 419 0 0 2 873 263
0 24 0 1 229 167 0 0 0 532 2 819 410 0 0 1 232 952
0 0 0 1 176 077 0 0 0 0 0 7 0 0 1 176 084
0 0 0 464 225 0 0 0 0 0 2 0 0 464 227
60 000 48 500 0 27 331 187 715 0 30 530 0 0 354 076 3 227 339
60 000 48 500 0 27 331 187 715 0 30 530 0 0 354 076 1 587 028 1 176 084 464 227
86
57 151 101 539 63 280 0 1 221 6 457 470 3 547 -3 529 0 0 11 695 5 480 514 16 528 2 115 253 4 409 0 0 0 33 846 3 316 30 530 0 30 530 0 30 530
25 112 32 719 23 690 0 1 221 3 571 393 3 547 -3 529 0 0 11 695 5 480 514
32 336 63 246 33 164 0 2 320 66
-297 5 574 6 426 0 566 11
87
2 869 469 201 075 75 023 44 484 0 81 568 1 528 660 1 527 566 1 004 0 90 1 139 734 0 0 1 229 167 113 613 29 129 44 484 0 40 000 707 270 706 176 1 004 0 90 408 284 0 0 1 176 077 87 462 45 894 0 0 41 568 485 576 485 576 0 0 0 603 039 0 0 464 225 0 0 0 0 0 335 814 335 814 0 0 0 128 411 0 0 2 407 293 1 459 391 947 41 807 1 959 736 12 344 7 332 5 012 624 577 1 459 14 459 32 191 574 181 2 287 159 2 128 1 369 619 0 95 181 0 1 264 393 10 045 7 173 2 872 413 097 0 282 307 9 616 121 162 12 0 12
88
License granted by the BNB Licensed by Resolution No. 24 of 21 January 1994 of the BNB Governing Council. License updated by: Order No. 100-00499 of 18 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0440 of 7 September 2000 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-584 of 1 December 2000 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0859 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2265 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 1994 of the Sofia City Court on company file No. 3989 of 1994, lot No. 568, vol. 11, reg. II, p. 29; re-entered in the Commercial Register to the Registry Agency, UIC 831184677, certificate No. 20080204132305 of 4 February 2008 10 Graf Ignatiev Str., Sofia 1000 tel. 02/980 93 62 Website: www.corpbank.bg
Legal registration
Tzvetan Radoev Vassilev Chairman Zlatozar Krustev Surlekov Yancho Panayotov Angelov Warith Mubarak Said Al Kharusi Faisal Amur Mohamed Al Riyami Orlin Nikolov Rusev Chairman and Executive Director Ilian Atanasov Zafirov Executive Director Georgi Pankov Hristov Executive Director Yuli Todorov Popov Alexander Miroslavov Pantaleev
Management Board
Procurators
Shareholders (shares over 10%) Bromak EOOD 57.29% Bulgarian Acquisition Company II S.A.R.L 30% Auditor KPMG Bulgaria OOD
D COMMERCE BANK
89
41 344 68 0 21 702 353 071 116 480 0 0 5 637 115 0 213 5 296 240 544 166
24 069 68 0 10 773 83 420 16 477 0 0 5 637 115 0 213 5 160 240 146 172
16 591 0 0 10 929 246 782 92 959 0 0 0 0 0 0 58 0 367 319
684 0 0 0 22 869 7 044 0 0 0 0 0 0 78 0 30 675
0 0 0 489 362 0 0 0 117 40 2 123 0 0 491 642
0 0 0 228 932 0 0 0 117 40 471 0 0 229 560
0 0 0 229 998 0 0 0 0 0 1 468 0 0 231 466
0 0 0 30 432 0 0 0 0 0 184 0 0 30 616
40 000 0 0 -149 12 608 0 65 0 0 52 524 544 166
40 000 0 0 -149 12 608 0 65 0 0 52 524 282 084 231 466 30 616
90
D COMMERCE BANK
7 629 13 282 8 229 0 0 1 899 197 97 669 0 0 -48 0 156 0 7 248 712 0 -403 0 0 0 72 7 65 0 65 0 65
2 067 3 558 3 172 0 0 856 49 97 669 0 0 -48 0 156 0
4 737 8 801 4 836 0 915 143
825 923 221 0 128 5
D COMMERCE BANK
91
489 362 48 045 0 0 32 732 15 313 301 211 300 625 0 0 586 140 106 0 0 228 932 15 313 0 0 0 15 313 174 522 173 936 0 0 586 39 097 0 0 229 998 32 732 0 0 32 732 0 102 410 102 410 0 0 0 94 856 0 0 30 432 0 0 0 0 0 24 279 24 279 0 0 0 6 153 0 0 355 483 6 320 130 006 422 190 500 28 235 4 374 23 861 84 265 5 923 21 320 301 41 094 15 627 45 15 582 248 225 397 102 296 121 133 488 11 923 4 329 7 594 22 993 0 6 390 0 15 918 685 0 685
92
D COMMERCE BANK
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 Tsar Osvoboditel Blvd., Sofia 1000 tel. 02/989 44 44; 02/935 71 71 Website: www.dbank.bg
Legal registration
Stoyan Iliev Alexandrov Chairman Elenka Harizanova Manova Bahattin Gurbuz Emel Fuat Gyuven Valery Borisov Borisov Plamen Ivanov Petrov Chairman and Executive Director Radka Boneva Nikodimova Executive Director Angel Kirilov Gekov Executive Director Gergana Chavdarova Beremska-Karadzhova Roumen Dimitrov Petrov
Management Board
Shareholders (shares over 10%) Fuat Gyuven (Fuat Hyusniev Osmanov) 100% Auditor KPMG Bulgaria OOD
93
643 090 48 954 0 100 070 7 299 914 24 054 0 0 275 051 30 036 23 055 4 000 30 885 0 8 479 109
578 943 32 619 0 56 617 4 200 982 9 435 0 0 275 051 30 036 23 055 4 000 30 457 0 5 241 195
54 321 16 335 0 12 209 2 921 975 13 116 0 0 0 0 0 0 327 0 3 018 283
9 826 0 0 31 244 176 957 1 503 0 0 0 0 0 0 101 0 219 631
0 1 414 0 7 010 228 0 0 0 7 447 8 981 46 198 0 0 7 074 268
0 1 414 0 4 209 571 0 0 0 7 447 8 981 42 010 0 0 4 269 423
0 0 0 2 577 574 0 0 0 0 0 3 918 0 0 2 581 492
0 0 0 223 083 0 0 0 0 0 270 0 0 223 353
153 984 0 0 78 659 1 133 260 0 38 938 0 0 1 404 841 8 479 109
153 984 0 0 78 659 1 133 260 0 38 938 0 0 1 404 841 5 674 264 2 581 492 223 353
94
323 452 367 129 103 641 0 1 54 599 3 629 3 040 5 526 0 0 709 -76 455 661 90 898 17 671 -605 172 203 0 0 0 43 285 4 347 38 938 0 38 938 0 38 938
245 357 248 000 62 607 0 1 54 599 3 629 3 040 5 526 0 0 709 -76 455 661
78 163 117 306 39 143 0 0 0
-68 1 823 1 891 0 0 0
95
7 010 228 49 507 10 704 0 0 38 803 1 310 731 1 310 731 0 0 0 4 963 121 686 869 0 4 209 571 34 918 9 855 0 0 25 063 869 246 869 246 0 0 0 3 305 407 0 0 2 577 574 14 589 849 0 0 13 740 378 190 378 190 0 0 0 1 497 926 686 869 0 223 083 0 0 0 0 0 63 295 63 295 0 0 0 159 788 0 0 8 145 828 14 782 536 043 84 319 1 986 174 5 524 510 2 619 981 2 904 529 4 790 314 11 297 262 003 30 969 606 122 3 879 923 1 502 348 2 377 575 3 178 313 3 485 105 600 53 350 1 372 152 1 643 726 1 116 865 526 861 177 201 0 168 440 0 7 900 861 768 93
96
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 Resolution No. RD 22-0082 of 26 September 2002 of the BNB Governor, DSK Bank was granted a permission to conduct bank transactions under Articles 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. 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 19 Moskovska Str., Sofia 1036 tel. 02/9391 220 Website: www.dskbank.bg
Legal registration
Sndor Csnyi Chairman Lszl Wolf Deputy Chairman Frigyes Harshegyi Csaba Nagy Laszlo Bencsik Andras Takacs Violina Marinova Spasova Chairman and Chief Executive Director Diana Decheva Miteva Executive Director Doroteya Nikolaeva Nikolova Executive Director Lyubomir Mitev Zhelyazkov Executive Director Miroslav Stanimirov Vichev Executive Director Nikolai Borisov Borisov Executive Director
Management Board
Shareholders (shares over 10%) OTP Bank RT, Hungary 100% Auditor KPMG Bulgaria OOD
97
59 324 33 0 20 028 418 239 0 0 0 8 827 6 050 0 0 1 992 21 514 514
13 291 33 0 379 48 661 0 0 0 8 827 6 050 0 0 1 315 21 78 577
45 209 0 0 19 649 322 403 0 0 0 0 0 0 0 676 0 387 937
824 0 0 0 47 175 0 0 0 0 0 0 0 1 0 48 000
0 0 0 452 953 0 0 0 89 106 5 044 0 0 458 192
0 0 0 64 176 0 0 0 89 103 3 043 0 0 67 411
0 0 0 341 187 0 0 0 0 3 1 643 0 0 342 833
0 0 0 47 590 0 0 0 0 0 358 0 0 47 948
71 163 0 0 176 -11 902 0 -3 115 0 0 56 322 514 514
71 163 0 0 176 -11 902 0 -3 115 0 0 56 322 123 733 342 833 47 948
98
10 004 16 072 6 887 0 14 1 296 442 0 726 0 0 -73 -733 32 1 9 489 1 196 0 2 454 0 0 0 -3 135 -20 -3 115 0 -3 115 0 -3 115
1 644 2 538 1 273 0 14 528 114 0 726 0 0 -73 -733 32 1
7 763 12 431 5 150 0 733 251
597 1 103 464 0 35 77
99
452 953 245 660 26 260 0 0 219 400 101 578 101 578 0 0 0 88 408 17 307 0 64 176 60 60 0 0 0 46 208 46 208 0 0 0 17 908 0 0 341 187 210 636 13 737 0 0 196 899 49 996 49 996 0 0 0 63 248 17 307 0 47 590 34 964 12 463 0 0 22 501 5 374 5 374 0 0 0 7 252 0 0 438 619 0 14 507 610 322 677 100 825 77 490 23 335 55 615 0 73 0 40 752 14 790 0 14 790 335 829 0 1 629 610 247 555 86 035 77 490 8 545 47 175 0 12 805 0 34 370 0 0 0
100
License granted by the BNB 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 2 Knyaginya Maria-Louisa Blvd., fl. 5, Sofia 1000 tel. 02/8951 204 Website: www.emporiki.bg
Legal registration
Christos Katsanis Chairman Franois Pinchon Vincent Julita Athanasios Petropoulos Chairman and Executive Director Galabin Nikolov Galabov Executive Director and Procurator Ioannis Vassilios Pilinis Executive Director and Procurator Boika Markova Vassileva Christos Panagiotis Pantazis
Management Board
Shareholders (shares over 10%) Commercial Bank of Greece, Athens 100% Auditor PricewaterhouseCoopers Bulgaria OOD
EUROBANK EFG BULGARIA

101
560 580 14 473 0 163 833 4 992 798 0 0 0 71 924 27 013 0 3 448 21 548 3 148 5 858 765
513 593 8 022 0 8 030 1 834 244 0 0 0 71 924 27 013 0 3 448 19 167 3 148 2 488 589
37 298 6 204 0 75 738 2 995 919 0 0 0 0 0 0 0 1 846 0 3 117 005
9 689 247 0 80 065 162 635 0 0 0 0 0 0 0 535 0 253 171
0 17 234 0 5 012 912 0 10 112 0 4 159 3 749 22 493 0 0 5 070 659
0 1 263 0 2 289 528 0 0 0 4 159 3 749 20 968 0 0 2 319 667
0 15 971 0 2 368 991 0 10 112 0 0 0 1 255 0 0 2 396 329
0 0 0 354 393 0 0 0 0 0 270 0 0 354 663
452 753 0 0 -3 443 334 399 0 4 397 0 0 788 106 5 858 765
452 753 0 0 -3 443 334 399 0 4 397 0 0 788 106 3 107 773 2 396 329 354 663
102
155 735 246 322 123 509 0 18 28 368 6 688 1 233 5 209 0 311 327 0 4 144 0 76 335 8 216 343 65 970 0 0 0 4 871 474 4 397 0 4 397 0 4 397
88 808 126 357 64 047 0 14 20 886 5 626 1 233 5 209 0 311 327 0 4 144 0
64 102 108 401 49 926 0 6 439 812
2 825 11 564 9 536 4 1 043 250

103
5 012 912 157 531 52 895 44 604 40 029 20 003 1 702 521 1 552 407 0 0 150 114 3 029 821 123 039 0 2 289 528 87 477 27 445 0 40 029 20 003 699 921 699 921 0 0 0 1 477 059 25 071 0 2 368 991 44 231 24 953 19 278 0 0 951 393 801 279 0 0 150 114 1 275 399 97 968 0 354 393 25 823 497 25 326 0 0 51 207 51 207 0 0 0 277 363 0 0 5 209 915 3 834 981 181 46 075 2 317 796 1 861 029 861 700 999 329 1 940 980 2 833 97 626 60 635 321 1 205 140 315 005 890 135 3 099 538 1 001 869 859 46 015 1 635 288 547 375 453 741 93 634 169 397 0 13 696 0 47 187 108 514 92 954 15 560
104

License granted by the BNB 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 currency activity 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 14 Tsar Osvoboditel Blvd., Sofia 1048 tel. 02/8166 000 Website: www.postbank.bg
Legal registration
Piergiorgio Pradelli Chairman Theodoros Karakasis Deputy Chairman Evangelos Yoanis Kavvalos Nikolaos Aliprantis Christos Adam Anthony C. Hassiotis Chairman and Chief Executive Director Petya Nikolova Dimitrova Executive Director Yiannis Aristidis Vouyioukas Yordan Marinov Souvandjiev Iliyan Konstantinov Raichev
Management Board
Shareholders (shares over 10%) EFG New Europe Holding B.V., Kingdom Netherlands 54.27% EFG Eurobank Ergasias S.A., Greece 34.56% CEN Balkan Holdings Limited, Cyprus 11.16% Auditor PricewaterhouseCoopers Bulgaria OOD
105
520 218 18 351 0 504 348 4 147 821 39 361 0 0 121 072 15 333 34 370 4 262 36 795 36 433 5 478 364
121 731 8 535 0 42 222 862 082 0 0 0 121 050 15 333 12 891 3 942 36 363 36 433 1 260 582
389 258 9 795 0 434 576 2 947 330 31 241 0 0 22 0 21 479 320 188 0 3 834 209
9 229 21 0 27 550 338 409 8 120 0 0 0 0 0 0 244 0 383 573
0 0 0 5 009 043 0 107 0 0 5 898 3 470 0 0 5 018 518
0 0 0 1 879 545 0 0 0 0 5 085 3 225 0 0 1 887 855
0 0 0 2 742 704 0 6 0 0 811 237 0 0 2 743 758
0 0 0 386 794 0 101 0 0 2 8 0 0 386 905
110 000 97 000 0 47 232 796 0 20 003 0 0 459 846 5 478 364
110 000 97 000 0 47 232 796 0 20 003 0 0 459 846 2 347 701 2 743 758 386 905
106
118 690 211 650 129 631 0 0 34 303 3 895 -3 391 6 659 0 0 633 0 2 458 96 71 361 10 635 0 14 445 0 0 0 22 249 2 246 20 003 0 20 003 0 20 003
32 505 52 547 43 393 0 0 19 979 2 891 -3 391 6 659 0 0 633 0 2 458 96
77 779 144 801 79 158 0 12 905 769
8 406 14 302 7 080 0 1 419 235
107
5 009 043 189 578 36 491 70 949 44 005 38 133 782 249 780 353 0 0 1 896 3 846 576 47 539 143 101 1 879 545 65 481 4 473 35 945 0 25 063 429 602 427 706 0 0 1 896 1 384 462 0 0 2 742 704 106 903 31 031 23 492 39 310 13 070 293 055 293 055 0 0 0 2 152 106 47 539 143 101 386 794 17 194 987 11 512 4 695 0 59 592 59 592 0 0 0 310 008 0 0 4 258 424 0 243 803 16 320 3 253 386 744 915 344 804 400 111 932 962 0 18 387 13 129 415 062 486 384 154 965 331 419 2 985 758 0 156 099 1 988 2 571 362 256 309 188 944 67 365 339 704 0 69 317 1 203 266 962 2 222 895 1 327
108
License granted by the BNB 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., Sofia 1797 tel. 02/8171 100 Website: www.fibank.bg
Legal registration
Georgi Dimitrov Mutafchiev Chairman Radka Veselinova Mineva Deputy Chairman Todor Lyudmilov Breshkov Nedelcho Vassilev Nedelchev Kaloyan Yonchev Ninov Evgeni Krustev Lukanov Executive Director Maya Lyubenova Georgieva Executive Director Jordan Velichkov Skorchev Executive Director Vassil Hristov Hristov Svetoslav Stojanov Moldovanski Dimitar Kostov Kostov Maya Ivanova Oyfalosh Stanislav Ganev Bozhkov
Management Board
Shareholders (shares over 10%) Ivailo Dimitrov Mutafchiev 28.94% Tzeko Todorov Minev 28.94% Auditor KPMG Bulgaria OOD
109
70 639 98 428 275 909 158 277 943 0 0 0 1 301 572 0 1 113 734 0 726 797
69 940 22 681 5 000 158 72 023 0 0 0 1 259 572 0 1 113 385 0 173 131
383 75 465 259 105 0 169 539 0 0 0 42 0 0 0 345 0 504 879
316 282 11 804 0 36 381 0 0 0 0 0 0 0 4 0 48 787
0 429 202 840 513 244 0 0 0 0 0 8 575 0 0 725 088
0 0 74 354 298 348 0 0 0 0 0 1 203 0 0 373 905
0 184 123 441 164 343 0 0 0 0 0 7 228 0 0 295 196
0 245 5 045 50 553 0 0 0 0 0 144 0 0 55 987
0 0 0 437 0 0 1 272 0 0 1 709 726 797
0 0 0 437 0 0 1 272 0 0 1 709 375 614 295 196 55 987
110
10 813 7 361 980 0 0 1 906 346 0 2 199 -62 0 248 0 487 0 9 165 313 0 -78 0 0 0 1 413 141 1 272 0 1 272 0 1 272
5 572 2 165 207 0 0 828 86 0 2 199 -62 0 248 0 487 0
4 841 5 143 695 0 637 244
400 53 78 0 441 16
111
716 084 372 750 368 649 4 070 31 0 343 334 343 334 0 0 0 0 0 0 372 702 244 111 240 041 4 070 0 0 128 591 128 591 0 0 0 0 0 0 287 784 123 493 123 493 0 0 0 164 291 164 291 0 0 0 0 0 0 55 598 5 146 5 115 0 31 0 50 452 50 452 0 0 0 0 0 0 278 648 0 37 137 4 766 236 745 0 0 0 72 364 0 191 0 72 173 0 0 0 169 901 0 563 4 766 164 572 0 0 0 36 383 0 36 383 0 0 0 0 0
112
License granted by the BNB 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, Sofia 1404 tel. 02/9176 400 Website: www.ing.bg
Legal registration
Management Arkady Gerasenko Regional Executive Director Vladimir Boyanov Tchimov Executive Director Emil Slavov Asparuhov Financial Markets Director Jivko Ivanov Todorov Finance Director Shareholders (shares over 10%) ING Bank N.V., Kingdom Netherlands 100% Auditor Ernst & Young Audit OOD
113
53 421 748 0 8 293 414 584 91 741 0 0 15 477 342 0 276 11 068 19 869 615 819
24 096 603 0 4 740 144 388 39 171 0 0 15 477 342 0 276 10 225 19 869 259 187
27 892 40 0 1 746 235 906 43 275 0 0 0 0 0 0 830 0 309 689
1 433 105 0 1 807 34 290 9 295 0 0 0 0 0 0 13 0 46 943
0 0 0 545 240 0 0 0 0 0 3 355 0 0 548 595
0 0 0 289 472 0 0 0 0 0 1 993 0 0 291 465
0 0 0 208 959 0 0 0 0 0 746 0 0 209 705
0 0 0 46 809 0 0 0 0 0 616 0 0 47 425
20 050 0 0 0 45 525 0 1 649 0 0 67 224 615 819
20 050 0 0 0 45 525 0 1 649 0 0 67 224 358 689 209 705 47 425
114
11 155 17 375 12 091 0 1 4 992 350 96 536 0 0 54 0 1 741 1 199 8 444 863 0 -24 0 0 0 1 872 223 1 649 0 1 649 0 1 649
7 592 8 516 5 524 0 1 3 550 179 96 536 0 0 54 0 1 741 1 199
4 081 8 538 5 631 0 1 313 139
-518 321 936 0 129 32
115
545 240 42 107 0 0 4 070 38 037 255 154 252 367 0 0 2 787 228 747 19 232 0 289 472 38 037 0 0 0 38 037 135 212 132 425 0 0 2 787 116 223 0 0 208 959 1 962 0 0 1 962 0 100 257 100 257 0 0 0 87 508 19 232 0 46 809 2 108 0 0 2 108 0 19 685 19 685 0 0 0 25 016 0 0 421 730 9 060 109 813 10 024 278 038 14 795 6 905 7 890 147 784 9 060 473 10 024 120 652 7 575 1 727 5 848 238 985 0 77 537 0 154 329 7 119 5 178 1 941 34 961 0 31 803 0 3 057 101 0 101
116
License granted by the BNB 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 8183 Todor Alexandrov Blvd., Sofia 1303 tel. 02/8120 234 Website: www.iabank.bg
Legal registration
Ivan Minkov Dragnevski Chairman Georgi Stoinev Harizanov Deputy Chairman Victor Georgiev Valkov Georgi Borislavov Georgiev Aleksei Asenov Tsvetanov Chairman and Chief Executive Director Rumen Georgiev Sirakov Deputy Chairman and Executive Director Valeri Zdravkov Raikov Maria Andreeva Guneva Georgi Nikolov Nikov
Management Board
Shareholders (shares over 10%) Dynatrade International 25.51% Auditor BDO Bulgaria OOD
117
227 556 36 659 0 56 849 744 729 127 372 0 0 14 130 416 2 489 1 225 22 444 24 764 1 258 633
51 616 3 534 0 27 628 230 462 108 132 0 0 14 130 416 2 489 1 225 10 165 24 764 474 561
172 331 33 125 0 7 055 463 182 17 345 0 0 0 0 0 0 11 255 0 704 293
3 609 0 0 22 166 51 085 1 895 0 0 0 0 0 0 1 024 0 79 779
0 0 0 1 141 842 0 0 0 0 627 8 882 0 0 1 151 351
0 0 0 542 043 0 0 0 0 627 5 096 0 0 547 766
0 0 0 520 873 0 0 0 0 0 3 222 0 0 524 095
0 0 0 78 926 0 0 0 0 0 564 0 0 79 490
89 600 0 0 -10 265 34 719 0 -6 772 0 0 107 282 1 258 633
89 600 0 0 -10 265 34 719 0 -6 772 0 0 107 282 655 048 524 095 79 490
118
15 657 40 173 28 737 0 2 7 750 1 165 -646 738 0 0 -179 0 252 2 531 12 557 1 527 0 8 345 0 0 0 -6 772 0 -6 772 0 -6 772 0 -6 772
3 673 12 002 10 772 0 2 5 732 925 -646 738 0 0 -179 0 252 2 531
12 426 27 406 16 709 0 1 941 212
-442 765 1 256 0 77 28
119
1 141 842 53 741 15 693 0 0 38 048 441 279 413 705 1 752 6 25 816 634 063 12 759 0 542 043 38 058 10 0 0 38 048 312 622 306 357 0 6 6 259 191 363 0 0 520 873 15 682 15 682 0 0 0 90 037 68 728 1 752 0 19 557 402 395 12 759 0 78 926 1 1 0 0 0 38 620 38 620 0 0 0 40 305 0 0 774 298 18 599 69 611 41 811 482 794 161 483 47 903 113 580 239 231 17 953 13 361 16 714 123 391 67 812 12 632 55 180 483 809 646 7 689 25 097 359 403 90 974 35 212 55 762 51 258 0 48 561 0 0 2 697 59 2 638
120
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. 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 85 Bulgaria Blvd., Sofia 1404 tel. 02/8186 112; 02/8186 130 Website: www.ibank.bg Petya Ivanova Barakova-Slavova Chairman Festa Holding AD Chernomorsko Zlato AD Diana Zhivkova Mladenova Chairman and Executive Director Tsanko Iliev Kolovski Executive Director Stanimir Boyanov Mihailov Executive Director Pencho Stoyanov Cherkezov Atanas Tsvetanov Kanchev
Legal registration
Management Board
Shareholders (shares over 10%) Festa Holding 72.51% Petya Ivanova Barakova-Slavova 21.33% Auditor KPMG Bulgaria OOD
121
198 861 13 634 0 48 873 1 407 597 0 0 0 6 442 6 082 0 720 10 284 2 663 1 695 156
89 198 13 634 0 31 912 356 831 0 0 0 6 442 6 082 0 720 4 421 2 663 511 903
108 011 0 0 16 961 961 651 0 0 0 0 0 0 0 5 863 0 1 092 486
1 652 0 0 0 89 115 0 0 0 0 0 0 0 0 0 90 767
0 4 0 1 485 298 0 0 0 567 446 5 665 0 0 1 491 980
0 0 0 493 814 0 0 0 101 446 5 274 0 0 499 635
0 0 0 900 662 0 0 0 465 0 391 0 0 901 518
0 4 0 90 822 0 0 0 1 0 0 0 0 90 827
122 465 0 0 1 732 75 745 0 3 234 0 0 203 176 1 695 156
122 465 0 0 1 732 75 745 0 3 234 0 0 203 176 702 811 901 518 90 827
122
38 861 54 438 27 380 0 0 10 631 1 287 477 1 278 0 0 69 2 633 0 18 962 1 583 259 14 455 0 0 0 3 602 368 3 234 0 3 234 0 3 234
15 387 17 905 10 521 0 0 5 999 455 477 1 278 0 0 69 2 633 0
24 073 36 106 15 585 0 4 330 778
-599 427 1 274 0 302 54
123
1 485 298 485 447 12 500 3 990 418 825 50 132 620 174 614 885 0 1 5 288 379 677 0 0 493 814 54 852 730 3 990 0 50 132 299 825 298 331 0 1 1 493 139 137 0 0 900 662 430 595 11 770 0 418 825 0 269 576 265 781 0 0 3 795 200 491 0 0 90 822 0 0 0 0 0 50 773 50 773 0 0 0 40 049 0 0 1 475 130 889 183 458 4 119 955 321 331 343 198 086 133 257 379 001 889 12 333 6 312 340 53 433 13 296 40 137 1 007 005 0 88 989 4 113 635 995 277 908 184 790 93 118 89 124 0 82 136 0 6 986 2 0 2
124
License granted by the BNB Licensed by Resolution No. 323 of 20 October 1994 of the BNB Governing Council to conduct bank transactions in Bulgaria in accordance with the requirements of the Law on Banks and Credit Activity. License updated by: Resolution No. 96 of 31 March 1995 of the BNB Governing Council and Resolution No. 10 of 4 January 1996 of the BNB Governing Council to conduct bank transactions abroad; Order No. 100-00494 of 17 November 1999 of the BNB Governor in accordance with the requirements of the Law on Banks; Order No. RD 22-0858 of 7 May 2007 of the BNB Governor in accordance with the requirements of the Law on Credit Institutions; Order No. RD 22-2262 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. 31533 of 1992, lot No. 648, vol. 12, p. 75; re-entered in the Commercial Register to the Registry Agency, UIC 831596033, certificate No. 20080311142437 of 11 March 2008 3032 General Totleben Blvd., Sofia 1606 tel. 02/9153 333 Website: www.unionbank.bg
Legal registration
Imre Balogh Chairman Akos Bartha Sandor Szalai Maria Dimova Ilieva Chairman and Chief Executive Director Anna Ivanova Asparouhova Deputy Chairman and Executive Director Peter Arpad Cserfalvi Executive Director
Management Board
Shareholders (shares over 10%) MKB Bank, Hungary 94% Auditor KPMG Bulgaria OOD
MUNICIPAL BANK PLC

125
57 988 13 180 304 231 3 864 511 492 59 215 0 0 43 642 1 490 250 374 6 148 1 268 1 003 142
50 869 7 093 200 042 3 857 210 711 59 215 0 0 43 642 1 490 250 374 4 497 1 268 583 308
5 220 5 772 103 048 0 277 218 0 0 0 0 0 0 0 1 651 0 392 909
1 899 315 1 141 7 23 563 0 0 0 0 0 0 0 0 0 26 925
0 0 0 936 801 0 0 0 0 261 5 025 0 0 942 087
0 0 0 690 754 0 0 0 0 261 3 131 0 0 694 146
0 0 0 221 774 0 0 0 0 0 416 0 0 222 190
0 0 0 24 273 0 0 0 0 0 1 478 0 0 25 751
34 838 0 0 -174 25 526 0 865 0 0 61 055 1 003 142
34 838 0 0 -174 25 526 0 865 0 0 61 055 755 201 222 190 25 751
126
MUNICIPAL BANK PLC
22 309 27 935 12 419 0 0 5 575 460 10 687 287 0 113 0 679 98 15 402 1 573 0 4 334 0 0 0 1 000 135 865 0 865 0 865
16 392 16 484 6 374 0 0 5 014 410 10 687 287 0 113 0 679 98
5 214 10 531 5 754 0 474 37
703 920 291 0 87 13
MUNICIPAL BANK PLC

127
936 801 55 184 15 128 32 751 0 7 305 511 021 509 686 0 133 1 202 350 994 19 602 0 690 754 42 767 10 016 32 751 0 0 458 803 457 468 0 133 1 202 189 184 0 0 221 774 12 196 4 891 0 0 7 305 45 734 45 734 0 0 0 144 242 19 602 0 24 273 221 221 0 0 0 6 484 6 484 0 0 0 17 568 0 0 530 644 41 900 137 952 9 169 272 516 69 107 11 867 57 240 222 916 34 987 16 508 9 169 127 582 34 670 4 976 29 694 284 165 6 913 115 782 0 127 084 34 386 6 891 27 495 23 563 0 5 662 0 17 850 51 0 51
128
MUNICIPAL BANK PLC

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., Sofia 1000 tel. 02/9300 111 Website: www.municipalbank.bg
Legal registration
Dimitar Paounkov Kolev Chairman Nikifor Istaliyanov Vangelov Deputy Chairman Spas Simeonov Dimitrov Alexander Petrov Lichev Chairman and Executive Director Vasil Borisov Trenev Executive Director Georgi Hristov Belovski Executive Director Violeta Stefanova Ilieva Member of the Management Board and Procurator Nikolai Mihailov Kolev Member of the Management Board and Procurator Raiko Ivanov Karagiozov
Management Board
Sofia Municipality 67.51% Auditor Deloitte Audit OOD
129
5 568 0 0 89 127 457 501 0 0 467 440 0 138 542 1 379 136 581
5 128 0 0 69 15 546 501 0 0 467 440 0 138 385 1 379 24 053
337 0 0 20 107 842 0 0 0 0 0 0 0 157 0 108 356
103 0 0 0 4 069 0 0 0 0 0 0 0 0 0 4 172
0 0 0 114 316 0 0 0 64 0 1 729 0 0 116 109
0 0 0 11 262 0 0 0 64 0 396 0 0 11 722
0 0 0 98 722 0 0 0 0 0 1 312 0 0 100 034
0 0 0 4 332 0 0 0 0 0 21 0 0 4 353
38 399 0 0 0 -15 561 0 -2 366 0 0 20 472 136 581
38 399 0 0 0 -15 561 0 -2 366 0 0 20 472 32 194 100 034 4 353
130
3 469 5 568 1 951 0 0 307 497 0 61 0 0 -1 0 10 28 1 706 156 0 3 973 0 0 0 -2 366 0 -2 366 0 -2 366 0 -2 366
988 938 60 0 0 84 16 0 61 0 0 -1 0 10 28
2 327 4 496 1 881 0 192 480
154 134 10 0 31 1
131
114 316 62 191 43 755 0 0 18 436 30 311 27 720 0 0 2 591 2 627 19 187 0 11 262 5 401 5 401 0 0 0 5 616 3 025 0 0 2 591 245 0 0 98 722 53 523 35 087 0 0 18 436 24 006 24 006 0 0 0 2 006 19 187 0 4 332 3 267 3 267 0 0 0 689 689 0 0 0 376 0 0 176 312 0 25 046 7 005 141 878 2 383 1 421 962 30 536 0 1 0 29 445 1 090 333 757 141 515 0 24 535 7 005 108 682 1 293 1 088 205 4 261 0 510 0 3 751 0 0 0
132
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. 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 36 Dragan Tsankov Blvd., Sofia 1040 Interpred World Trade Centre tel. 02/970 2442 Website: www.westeastbank.bg
Legal registration
Valentin Angelov Galabov Ivo Aleksandrov Georgiev Ariel Shalom Hasson Dalibor Salobir Chairman and Executive Director Georgi Vatov Georgiev Executive Director Bozhidar Ivanov Arshinkov Executive Director
Management Board
Shareholders (shares over 10%) Nova Ljubljanska Banka, Slovenia 97.01% Auditor Ernst & Young Audit OOD
133
251 361 15 332 0 1 409 3 344 962 115 898 0 0 37 702 5 720 1 363 0 11 867 21 714 3 807 328
234 607 6 252 0 1 407 470 595 0 0 0 37 702 5 720 1 363 0 5 714 21 714 785 074
12 228 0 0 0 2 697 295 115 898 0 0 0 0 0 0 5 311 0 2 830 732
4 526 9 080 0 2 177 072 0 0 0 0 0 0 0 842 0 191 522
0 458 0 3 199 633 0 0 0 1 636 599 12 096 0 0 3 214 422
0 458 0 652 441 0 0 0 1 636 599 6 057 0 0 661 191
0 0 0 2 355 471 0 0 0 0 0 192 0 0 2 355 663
0 0 0 191 721 0 0 0 0 0 5 847 0 0 197 568
316 797 0 0 134 248 568 0 27 407 0 0 592 906 3 807 328
316 797 0 0 134 248 568 0 27 407 0 0 592 906 1 254 097 2 355 663 197 568
134
83 868 125 353 53 423 0 0 11 592 1 538 0 1 694 0 0 111 0 101 22 28 278 5 502 0 19 621 0 0 0 30 467 3 060 27 407 0 27 407 0 27 407
15 952 24 682 15 783 0 0 6 385 1 216 0 1 694 0 0 111 0 101 22
66 370 96 924 34 787 0 4 489 256
1 546 3 747 2 853 0 718 66
135
3 199 633 1 718 864 1 613 311 7 633 0 97 920 522 742 522 629 0 0 113 840 801 69 458 47 768 652 441 12 563 9 515 0 0 3 048 323 252 323 139 0 0 113 316 626 0 0 2 355 471 1 615 477 1 524 049 0 0 91 428 177 288 177 288 0 0 0 445 480 69 458 47 768 191 721 90 824 79 747 7 633 0 3 444 22 202 22 202 0 0 0 78 695 0 0 3 478 356 0 483 487 0 2 407 767 587 102 428 493 158 609 520 897 0 25 009 0 325 829 170 059 68 508 101 551 2 778 436 0 398 069 0 1 991 027 389 340 332 394 56 946 179 023 0 60 409 0 90 911 27 703 27 591 112
136
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. 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 3 Vitosha Blvd., Sofia 1000 tel. 0700 12002 Website: www.piraeusbank.bg
Legal registration
Management Board of Directors
Ilias Milis Chairman Athanassios Kutsopoulos Deputy Chairman and Chief Executive Director Emil Angelov Deputy Chief Executive Director Margarita Petrova-Karidi Executive Director Krassimira Todorova Ivanova Ioannis Delis Vassilios Koutentakis
Shareholders (shares over 10%) Piraeus Bank S.A., Athens, Greece 99.98% Auditor KPMG Bulgaria OOD
137
84 777 0 12 302 976 1 034 597 0 0 0 30 403 3 654 3 478 674 11 118 4 363 1 186 342
57 151 0 5 209 695 404 316 0 0 0 30 403 3 654 3 478 674 10 266 4 363 520 209
24 448 0 6 445 251 600 120 0 0 0 0 0 0 0 845 0 632 109
3 178 0 648 30 30 161 0 0 0 0 0 0 0 7 0 34 024
0 1 0 1 042 181 0 0 0 312 294 12 557 0 0 1 055 345
0 1 0 485 447 0 0 0 312 294 5 396 0 0 491 450
0 0 0 523 115 0 0 0 0 0 6 243 0 0 529 358
0 0 0 33 619 0 0 0 0 0 918 0 0 34 537
109 521 3 496 0 0 13 856 0 4 124 0 0 130 997 1 186 342
109 521 3 496 0 0 13 856 0 4 124 0 0 130 997 622 447 529 358 34 537
138
50 671 53 623 16 585 0 0 11 378 465 0 1 428 0 0 422 -542 1 471 59 31 609 2 191 0 12 344 0 0 0 4 527 403 4 124 0 4 124 0 4 124
29 053 26 879 6 698 0 0 6 498 346 0 1 428 0 0 422 -542 1 471 59
21 508 26 670 9 668 0 4 619 113
110 74 219 0 261 6
139
1 042 181 211 601 207 111 4 490 0 0 254 419 254 419 0 0 0 505 370 8 097 62 694 485 447 26 665 22 175 4 490 0 0 176 115 176 115 0 0 0 282 667 0 0 523 115 184 020 184 020 0 0 0 69 817 69 817 0 0 0 198 487 8 097 62 694 33 619 916 916 0 0 0 8 487 8 487 0 0 0 24 216 0 0 1 075 451 0 65 037 11 744 900 410 98 260 82 077 16 183 428 706 0 102 23 397 623 30 958 17 046 13 912 616 573 0 42 075 4 952 502 291 67 255 65 031 2 224 30 172 0 22 860 6 769 496 47 0 47
140
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. 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 26 Todor Alexandrov Blvd., Sofia 1303 tel. 02/8135 100; 02/8135 808 Website: www.procreditbank.bg
Legal registration
Christoph Andreas Freytag Chairman Klaus-Peter Zeitinger Deputy Chairman Hanns Martin Hagen Borislav Nikolov Konstadinov Birgit Storz Petar Slavchev Slavov Chairman and Executive Director Mariana Dimitrova Petkova Executive Director Roumyana Velichkova Todorova Executive Director Emilia Hristova Tsareva Executive Director
Management Board
Shareholders (shares over 10%) ProCredit Holding AG 80.29% Commerzbank AG 19.71% Auditor KPMG Bulgaria OOD
141
479 904 228 656 120 457 0 5 220 595 379 821 0 0 49 165 16 060 8 751 0 24 874 0 6 528 283
448 069 105 507 60 911 0 1 256 571 5 092 0 0 49 165 16 060 8 751 0 21 637 0 1 971 763
25 794 109 404 58 064 0 3 825 712 265 022 0 0 0 0 0 0 3 056 0 4 287 052
6 041 13 745 1 482 0 138 312 109 707 0 0 0 0 0 0 181 0 269 468
0 741 0 5 491 825 0 0 0 10 382 3 991 69 926 0 0 5 576 865
0 0 0 2 172 974 0 0 0 9 773 3 991 15 094 0 0 2 201 832
0 1 0 3 055 895 0 0 0 609 0 50 635 0 0 3 107 140
0 740 0 262 956 0 0 0 0 0 4 197 0 0 267 893
603 448 0 0 0 293 188 0 54 782 0 0 951 418 6 528 283
603 448 0 0 0 293 188 0 54 782 0 0 951 418 3 153 250 3 107 140 267 893
142
181 663 218 768 73 778 0 1 32 545 5 112 0 8 814 324 0 9 0 542 450 80 504 10 910 0 37 886 0 7 767 0 60 130 5 348 54 782 0 54 782 0 54 782
66 773 72 138 32 663 0 1 20 673 2 615 0 8 814 324 0 9 0 542 450
111 119 142 968 39 980 0 10 389 2 258
3 771 3 662 1 135 0 1 483 239
143
5 491 825 1 128 478 337 803 0 431 807 358 868 2 194 160 2 186 085 0 0 8 075 1 990 287 0 178 900 2 172 974 43 938 43 938 0 0 0 1 265 538 1 257 463 0 0 8 075 863 498 0 0 3 055 895 1 067 353 276 678 0 431 807 358 868 796 057 796 057 0 0 0 1 013 585 0 178 900 262 956 17 187 17 187 0 0 0 132 565 132 565 0 0 0 113 204 0 0 5 505 235 23 252 663 226 73 903 3 398 879 1 345 975 465 420 880 555 1 366 263 7 053 46 713 39 020 627 651 645 826 86 267 559 559 3 999 251 16 199 526 348 34 883 2 721 774 700 047 379 122 320 925 139 721 0 90 165 0 49 454 102 31 71
144
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 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 1820 Gogol Str., Sofia 1504 tel. 02/919 85 101 Website: www.rbb.bg
Legal registration
Herbert Stepic Chairman Peter Lenkh Ferenc Berszn Klemens Haller Hubert Figl Paul Alan Kocher Momchil Ivanov Andreev Chairman and Executive Director Tsenka Kalcheva Petkova Executive Director Evelina Miltenova Velikova Executive Director Ani Vasileva Angelova Executive Director Monika Fuernsinn Executive Director Nadezhda Ilieva Mihailova Member of the Management Board and Procurator Mihail Tanev Petkov Emanuela Dimova Nikolova Borislav Ivanchev Popov
Management Board
Procurators
Shareholders (shares over 10%) Raiffeisen Bank International AG, Republic of Austria 100% Auditor KPMG Bulgaria OOD
145
1 093 0 0 0 6 090 0 0 0 0 0 0 0 33 0 7 216
920 0 0 0 23 0 0 0 0 0 0 0 31 0 974
150 0 0 0 3 488 0 0 0 0 0 0 0 2 0 3 640
23 0 0 0 2 579 0 0 0 0 0 0 0 0 0 2 602
0 0 0 8 172 0 0 0 14 2 607 0 0 8 795
0 0 0 1 986 0 0 0 14 2 551 0 0 2 553
0 0 0 3 584 0 0 0 0 0 56 0 0 3 640
0 0 0 2 602 0 0 0 0 0 0 0 0 2 602
0 0 0 0 -1 352 0 -227 0 0 -1 579 7 216
0 0 0 0 -1 352 0 -227 0 0 -1 579 974 3 640 2 602
146
83 112 68 0 0 38 1 0 3 0 0 -1 0 0 0 296 0 14 0 0 0 0 -227 0 -227 0 -227 0 -227
83 112 68 0 0 38 1 0 3 0 0 -1 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
147
8 172 3 739 3 739 0 0 0 3 095 3 095 0 0 0 1 338 0 0 1 986 1 177 1 177 0 0 0 386 386 0 0 0 423 0 0 3 584 2 562 2 562 0 0 0 292 292 0 0 0 730 0 0 2 602 0 0 0 0 0 2 417 2 417 0 0 0 185 0 0 6 090 0 2 585 0 3 456 49 49 0 23 0 5 0 18 0 0 0 3 488 0 1 0 3 438 49 49 0 2 579 0 2 579 0 0 0 0 0
148
License granted by the BNB The financial institution entered Bulgaria as a branch of Regional Investment Bank, Latvia; the country is a member of the EU, therefore, no license, granted by the BNB, is required. Entered in the Commercial Register to the Registry Agency, UIC 200369469, certificate No. 20090522121127 of 22 May 2009 4 Bratya Shkorpil Str., Varna 9000 tel. 052/668 482 Website: www.rib.lv
Legal registration
Management Krasen Zhivkov Kostov Governor Shareholders (shares over 10%) Regional Investment Bank, Lithuania 100% Auditor PricewaterhouseCoopers Bulgaria OOD
149
182 788 75 200 0 85 106 2 454 504 0 0 0 80 329 12 862 8 392 0 7 772 0 2 906 953
168 980 33 105 0 28 662 960 178 0 0 0 80 329 12 862 8 392 0 6 720 0 1 299 228
7 073 41 570 0 41 843 1 428 349 0 0 0 0 0 0 0 647 0 1 519 482
6 735 525 0 14 601 65 977 0 0 0 0 0 0 0 405 0 88 243
0 4 770 0 2 456 935 0 0 0 983 3 778 34 457 0 0 2 500 923
0 62 0 1 017 363 0 0 0 972 3 778 16 170 0 0 1 038 345
0 4 183 0 1 202 387 0 0 0 4 0 14 520 0 0 1 221 094
0 525 0 237 185 0 0 0 7 0 3 767 0 0 241 484
33 674 45 070 0 33 821 268 252 0 25 213 0 0 406 030 2 906 953
33 674 45 070 0 33 821 268 252 0 25 213 0 0 406 030 1 444 375 1 221 094 241 484
150
80 234 87 988 28 650 0 0 19 557 2 841 -61 3 924 0 0 0 -13 330 0 36 025 6 226 22 9 946 0 0 0 28 015 2 802 25 213 0 25 213 0 25 213
80 234 87 988 28 650 0 0 19 557 2 841 -61 3 924 0 0 0 -13 330 0
0 0 0 0 0 0
0 0 0 0 0 0
151
2 456 935 617 181 474 430 27 455 0 115 296 720 693 720 001 0 0 692 1 030 867 88 194 0 1 017 363 98 975 48 979 27 455 0 22 541 465 705 465 013 0 0 692 452 683 0 0 1 202 387 472 196 379 441 0 0 92 755 203 406 203 406 0 0 0 438 591 88 194 0 237 185 46 010 46 010 0 0 0 51 582 51 582 0 0 0 139 593 0 0 2 548 211 6 546 63 145 61 514 1 597 775 819 231 175 098 644 133 1 041 226 2 168 10 071 8 004 427 272 593 711 42 689 551 022 1 440 973 4 378 34 700 53 430 1 124 388 224 077 131 652 92 425 66 012 0 18 374 80 46 115 1 443 757 686
152
License granted by the BNB 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, p. 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 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., Varna 9000 tel. 052/686 100; 02/937 04 76 Website: www.sgeb.bg
Legal registration
Martin Mihailov Zaimov Chairman Patrick Pierre Gelin Jean-Louis Mattei Didier Colin Philippe Charles Lhotte Chairman and Chief Executive Officer Ivan Victor Miroshnikov Executive Director Elenka Petrova Bakalova Executive Director Bertrand Cozzarolo Executive Director Zhivka Stoyanova Sarachinova Member of the Management Board and Procurator Daniela Dimitrova Hristova Member of the Management Board and Procurator Maria Koicheva Rouseva Member of the Management Board and Procurator Willy Pierre Abbal Slaveiko Slaveikov Yann-Roben Dumontheil
Management Board
Procurators
Shareholders (shares over 10%) Socit Gnrale, Paris 99.72% Auditor Deloitte Audit OOD
T.C. ZIRAAT BANK, SOFIA BRANCH

153
2 923 0 0 12 893 30 119 0 0 0 1 283 37 0 168 362 0 47 785
1 239 0 0 0 4 508 0 0 0 1 283 37 0 168 150 0 7 385
1 375 0 0 12 893 20 087 0 0 0 0 0 0 0 212 0 34 567
309 0 0 0 5 524 0 0 0 0 0 0 0 0 0 5 833
0 0 0 18 673 0 0 0 73 0 427 0 0 19 173
0 0 0 3 665 0 0 0 73 0 164 0 0 3 902
0 0 0 10 238 0 0 0 0 0 252 0 0 10 490
0 0 0 4 770 0 0 0 0 0 11 0 0 4 781
0 0 0 472 28 289 0 -149 0 0 28 612 47 785
0 0 0 472 28 289 0 -149 0 0 28 612 32 514 10 490 4 781
154
1 114 981 117 0 0 207 4 0 126 0 0 -79 0 0 0 1 141 122 0 0 0 0 0 -149 0 -149 0 -149 0 -149
201 112 14 0 0 57 1 0 126 0 0 -79 0 0 0
837 785 64 0 119 3
76 84 39 0 31 0

155
18 673 363 363 0 0 0 12 124 12 124 0 0 0 6 186 0 0 3 665 98 98 0 0 0 3 075 3 075 0 0 0 492 0 0 10 238 197 197 0 0 0 6 089 6 089 0 0 0 3 952 0 0 4 770 68 68 0 0 0 2 960 2 960 0 0 0 1 742 0 0 30 119 0 10 970 0 17 761 1 388 848 540 4 508 0 2 423 0 1 504 581 288 293 20 087 0 7 005 0 12 282 800 560 240 5 524 0 1 542 0 3 975 7 0 7
156

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 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., Sofia 1301 tel. 02/980 00 87 Website: www.ziraatbank.bg
Legal registration
Management Management Board
Sezgin Bayar President Fazilet avdar Vice President Ozkan Demiroglu Vice President
Shareholders (shares over 10%) T. C. Ziraat Bank, Ankara, Republic of Turkey 100% Auditor AFA OOD
TEXIM PRIVATE ENTREPRENEURIAL BANK

157
6 381 232 0 54 50 218 0 0 0 14 691 2 0 20 608 3 187 75 393
2 163 101 0 54 18 398 0 0 0 14 691 2 0 20 568 3 187 39 184
3 974 0 0 0 27 949 0 0 0 0 0 0 0 37 0 31 960
244 131 0 0 3 871 0 0 0 0 0 0 0 3 0 4 249
0 0 0 54 801 0 0 0 0 644 434 0 0 55 879
0 0 0 26 140 0 0 0 0 644 429 0 0 27 213
0 0 0 25 529 0 0 0 0 0 4 0 0 25 533
0 0 0 3 132 0 0 0 0 0 1 0 0 3 133
10 000 0 0 4 748 5 202 0 -436 0 0 19 514 75 393
10 000 0 0 4 748 5 202 0 -436 0 0 19 514 46 727 25 533 3 133
158
1 062 1 479 1 348 0 0 958 51 0 108 0 0 -92 0 8 0 1 756 139 0 -397 0 0 0 -436 0 -436 0 -436 0 -436
1 079 854 493 0 0 722 28 0 108 0 0 -92 0 8 0
-10 608 790 0 195 23
-7 17 65 0 41 0

159
54 801 0 0 0 0 0 12 217 12 170 0 0 47 41 590 994 0 26 140 0 0 0 0 0 6 054 6 007 0 0 47 20 086 0 0 25 529 0 0 0 0 0 5 937 5 937 0 0 0 18 889 703 0 3 132 0 0 0 0 0 226 226 0 0 0 2 615 291 0 51 803 0 21 641 2 471 25 607 2 084 645 1 439 19 914 0 47 1 003 17 569 1 295 1 1 294 28 017 0 17 783 1 468 7 980 786 641 145 3 872 0 3 811 0 58 3 3 0
160

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 107 Knyaginya Maria-Luiza Blvd., Sofia 1202 tel. 02/9359 300; 9359 301 Website: www.teximbank.bg
Legal registration
Apostol Lachezarov Apostolov Chairman Pavlina Georgieva Naydenova Milen Georgiev Markov Maria Petrova Vidolova Chairman and Chief Executive Director Krasimir Georgiev Zhilov Executive Director Madlena Dimova Dimova Rumiana Stoilova Ruskova Anatoliy Metodiev Velichkov Iglika Dimitrova Logofetova
Management Board
Shareholders (shares over 10%) Finance Consulting AD 19.24% Pavlina Georgieva Naidenova 17.53% Auditor Deloitte Audit OOD
161
37 220 33 969 0 217 265 554 70 734 0 0 3 947 203 1 037 169 2 288 13 622 428 960
15 008 16 597 0 216 99 527 45 614 0 0 3 947 203 1 037 169 2 235 13 622 198 175
21 143 16 712 0 1 141 348 22 791 0 0 0 0 0 0 53 0 202 048
1 069 660 0 0 24 679 2 329 0 0 0 0 0 0 0 0 28 737
0 890 0 386 341 0 0 0 240 87 921 0 0 388 479
0 0 0 108 202 0 0 0 240 87 756 0 0 109 285
0 890 0 209 357 0 0 0 0 0 107 0 0 210 354
0 0 0 68 782 0 0 0 0 0 58 0 0 68 840
45 000 0 0 347 -4 962 0 96 0 0 40 481 428 960
45 000 0 0 347 -4 962 0 96 0 0 40 481 149 766 210 354 68 840
162
6 046 11 518 7 944 0 0 2 239 316 22 -2 547 0 0 3 019 0 55 0 5 402 401 0 129 0 0 0 114 18 96 0 96 0 96
5 538 5 721 2 225 0 0 1 619 126 22 -2 547 0 0 3 019 0 55 0
520 5 455 5 288 0 535 182
-12 342 431 0 85 8
163
386 341 8 751 2 712 0 6 039 0 134 165 132 491 0 437 1 237 243 425 0 0 108 202 5 538 2 500 0 3 038 0 50 568 48 894 0 437 1 237 52 096 0 0 209 357 3 166 165 0 3 001 0 31 739 31 739 0 0 0 174 452 0 0 68 782 47 47 0 0 0 51 858 51 858 0 0 0 16 877 0 0 271 414 845 65 342 53 166 076 39 098 6 526 32 572 103 063 845 1 0 70 914 31 303 4 106 27 197 143 450 0 46 284 41 89 528 7 597 2 420 5 177 24 901 0 19 057 12 5 634 198 0 198
164
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 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 3, Graf Ignatiev Str., Sofia 1000 tel. 02/981 0167; 02/980 3300 Website: www.tcebank.com
Legal registration
International Hospital Services Co. Japan, represented by Eiji Yoshida Tokushukai, Sofia EOOD, represented by Rumen Slaveikov Serbezov Tokuda Hospital Sofia AD, represented by Yordan Dimitrov Kostadinov Vanya Georgieva Vasileva Chairman and Executive Director Lyubomir Stoyanchov Manolov Executive Director Kiril Dimitrov Pendev Executive Director Yonka Nikolova Kinova Nikolai Georgiev Dimitrov
Management Board
Shareholders (shares over 10%) International Hospital Services Co. 95.82% Auditor Deloitte Audit OOD
165
784 757 241 056 82 458 308 313 9 482 028 262 384 0 0 234 812 27 631 27 499 6 276 31 288 0 11 488 502
747 668 144 541 9 402 279 844 3 234 591 1 524 0 0 234 812 27 631 27 499 6 276 28 453 0 4 742 241
26 984 90 106 67 268 28 469 5 002 630 114 808 0 0 0 0 0 0 1 888 0 5 332 153
10 105 6 409 5 788 0 1 244 807 146 052 0 0 0 0 0 0 947 0 1 414 108
0 59 779 0 9 573 910 0 3 285 0 32 524 19 597 83 165 0 0 9 772 260
0 25 827 0 4 165 299 0 0 0 14 406 19 597 52 430 0 0 4 277 559
0 29 134 0 4 740 111 0 555 0 954 0 28 413 0 0 4 799 167
0 4 818 0 668 500 0 2 730 0 17 164 0 2 322 0 0 695 534
263 911 0 0 130 548 1 227 607 0 94 176 0 0 1 716 242 11 488 502
263 911 0 0 130 548 1 227 607 0 94 176 0 0 1 716 242 5 993 801 4 799 167 695 534
166
306 916 319 970 98 775 0 101 82 488 4 152 0 3 845 1 179 0 -359 543 2 171 95 106 333 15 899 -102 87 137 0 6 404 0 104 053 9 877 94 176 0 94 176 0 94 176
162 458 129 666 38 069 0 101 65 938 2 462 0 3 845 1 179 0 -359 543 2 171 95
136 271 180 057 56 460 0 0 14 123 1 449
8 187 10 247 4 246 0 0 2 427 241
167
9 573 910 2 499 109 1 428 805 34 030 0 1 036 274 3 544 919 3 544 016 0 0 903 3 314 630 215 252 0 4 165 299 815 164 761 134 34 030 0 20 000 1 957 480 1 956 706 0 0 774 1 392 655 0 0 4 740 111 1 619 273 602 999 0 0 1 016 274 1 408 544 1 408 415 0 0 129 1 497 042 215 252 0 668 500 64 672 64 672 0 0 0 178 895 178 895 0 0 0 424 933 0 0 10 125 443 55 346 1 969 821 187 570 5 508 759 2 403 947 1 622 782 781 165 3 484 616 47 973 763 513 53 246 1 507 885 1 111 999 627 614 484 385 5 374 714 7 373 130 580 134 154 3 851 859 1 250 748 976 982 273 766 1 266 113 0 1 075 728 170 149 015 41 200 18 186 23 014
168
License granted by the BNB 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. 100-004815 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., Sofia 1000 tel. 02/9232 111 Website: www.unicreditbulbank.bg
Legal registration
Robert Zadrazil Chairman Alberto Devoto Deputy Chairman Heinz Meidlinger Dimitar Georgiev Zhelev Claudio Cesario Dieter Hengl Tomica Pustisek Levon Karekin Hampartsumyan Chairman and Chief Executive Director Andrea Casini Deputy Chairman and Executive Director Emiliya Stefanova Palibachiyska Chief Financial Officer Alexander Kalinov Krustev Michele Amadei Pasquale Giamboi
Management Board
Shareholders (shares over 10%) UniCredit Bank Austria AG, Republic of Austria 92.86% Auditor KPMG Bulgaria OOD
169
1 080 118 126 298 0 117 309 5 515 589 0 0 0 80 738 10 801 8 719 7 351 45 360 22 062 7 014 345
183 458 92 920 0 19 021 2 665 742 0 0 0 80 738 10 801 8 719 7 351 41 832 22 062 3 132 644
873 825 19 216 0 62 577 2 709 445 0 0 0 0 0 0 0 3 481 0 3 668 544
22 835 14 162 0 35 711 140 402 0 0 0 0 0 0 0 47 0 213 157
0 4 854 0 5 883 380 0 0 0 5 801 2 582 6 701 0 0 5 903 318
0 4 854 0 2 324 111 0 0 0 5 801 2 582 5 239 0 0 2 342 587
0 0 0 3 190 162 0 0 0 0 0 1 373 0 0 3 191 535
0 0 0 369 107 0 0 0 0 0 89 0 0 369 196
75 964 0 0 3 742 1 012 218 0 19 103 0 0 1 111 027 7 014 345
75 964 0 0 3 742 1 012 218 0 19 103 0 0 1 111 027 3 453 614 3 191 535 369 196
170
206 502 253 944 96 310 0 10 44 852 3 357 0 7 473 0 0 -1 265 -791 2 787 841 78 972 10 405 -1 369 97 314 0 0 0 21 180 2 077 19 103 0 19 103 0 19 103
152 623 153 190 42 683 0 4 36 155 1 406 0 7 473 0 0 -1 265 -791 2 787 841
55 074 98 718 49 236 0 7 287 1 695
-1 195 2 036 4 391 6 1 410 256
171
5 883 380 1 276 511 1 060 936 77 032 0 138 543 1 434 939 1 434 939 0 0 0 2 916 711 255 219 0 2 324 111 151 666 41 031 65 445 0 45 190 827 522 827 522 0 0 0 1 344 923 0 0 3 190 162 1 102 941 1 004 766 4 822 0 93 353 542 473 542 473 0 0 0 1 289 529 255 219 0 369 107 21 904 15 139 6 765 0 0 64 944 64 944 0 0 0 282 259 0 0 6 072 960 13 526 114 575 13 077 3 256 108 2 675 674 1 310 773 1 364 901 2 988 794 13 526 4 466 94 688 438 2 282 270 919 318 1 362 952 2 941 893 0 5 105 12 983 2 530 504 393 301 391 422 1 879 142 273 0 105 004 0 37 166 103 33 70
172
License granted by the BNB 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 5 Sv. Sofia Str., Sofia 1040 tel. 02/811 2500; 02/811 2800 Website: www.ubb.bg
Legal registration
Management Board of Directors
Stilian Petkov Vatev Chief Executive Director Radka Ivanova Toncheva Executive Director Alexandros Georgios Tourkolias Agis Ioannis Leopoulos Anthimos Konstantinos Thomopoulos Teodor Valentinov Marinov Anastasios Nikiforos Lizos
Shareholders (shares over 10%) National Bank of Greece 99.91% Auditor Deloitte Audit OOD

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April June 2011

April June 2011

BULGARIAN NATIONAL BANK

I. State of the Banking System (second quarter of 2011) ................................................................................................ 5

II. Methodological Notes .................................................................................................... 15

III. Banking Supervision Regulation .................................................................................. 17

I. State of the Banking System

1. The Banking System: Structure and Trends .................................................................... 7

1.2. Structural Changes in the Banking System Balance Sheet

Structure of Assets (as of 30 June 2011)

Structure of Attracted Funds (as of 30 June 2011)

Quarterly Growth of Gross Loans (excluding credit institutions)

1.4. Attracted Funds

Quarterly Growth of Attracted Funds

1.5. Balance Sheet Equity

2. Banking System Risk Profile

3.3. Capitals Ability to Absorb Shocks

Selected Capital Indicators

3.4. Capacity to Meet Liquidity Pressure

Selected Liquidity Indicators

II. Methodological Notes

III. Banking Supervision Regulation

7 794 152 38 226 757 33 116 590 23.54

1 003 919 4 898 847

8 950 142 9 756 555

2 218 641 4 589 350

1 251 902 4 910 465

7 178 960 30 390 071 27 252 683 26.34

1 188 687 3 302 352

8 790 496 6 277 524

1 694 956 3 512 360

1 179 638 3 572 995

1 191 465 3 910 231 4 115 759 28.95

4 671 344 821

1 529 011 3 037 208

168 524 278 246

157 409 156 107

368 510 329 973

274 759 312 736

1 412 018 1 489

16 164 577 72 527 059 64 485 032 25.07

2 197 277 8 546 020

19 269 649 19 071 287

4 082 121 8 379 956

2 588 949 8 639 567

74 978 829 29 772 305

64 969 753 28 078 660

354 693 39 673

Gross value prior to impairment Non-performing

39 369 004 17 576 432

33 397 370 15 411 068

39 369 004 21 382 702

233 519 22 123

Gross value prior to impairment Non-performing

31 585 299 11 453 728

27 415 349 11 348 601

31 585 299 15 518 551

10 831 35 052 0 45 25 1 353 32 562 1 067 0 0 29 072 0 0 0 29 062 0 10 2 2 0 0 5 478 629

135 776 16 300

Gross value prior to impairment Non-performing

2 591 1 712 0 188 13 0 575 0 0 936 656 0 116 47 492 0 1 0 0 0 0 1 611 76

-14 602 1 250