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Based on June 2015 consolidated figures CREDIT EUROPE BANK NV

CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

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Page 1: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Based on June 2015 consolidated figures

CREDIT EUROPE BANK NV

Page 2: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

FIBA Group

2

Fiba Holding (1)

Total Assets : $15.08 billionTotal Equity : $ 1.39 billion

Fina Holding

An international conglomerate with in-depth expertise in financial sector

Ikano Finance Holding B.V

CEB Ltd (RU)

CEB (Suisse) SA (CH)

CEB (UA)

Credit Europe Leasing LLC (UA)

Credit Europe Leasing SA (RO)

CEB SA (RO)

CEB Ltd (UAE)

89.31%

100%

99.99%

100%

100%

99.99%

100%

98.93%

50%

Bank

Other Financial Institution

40%

GEFIRUS SAS (France)

100%

Cirus Holding B.V. Netherlands

Joint Venture

50%

Oney Bank Russia

Ikano Bank Russia

100%

100%

Financial Non-financial

Notes: (1) Audited Dec 2014 financials.

Page 3: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

FIBA Group

3

Fiba Holding

Retail Real Estate Marine & Logistics

Energy Other

Port Real Estate

Development

Real Estate Management

Kumport Port Services,

Turkey

Fina Holding (1)

Total Assets : $ 3.30 billionTotal Equity : $ 1.10 billion

Turkey

Turkey, Russia, Ukraine

Turkey, Russia, Ukraine

Turkey

Turkey, Russia,

AJT, Turkey

Fiba Mall Management

ICS Lemi Invest Moldova

Turkey

Financial Non-financial

Notes: (1) Audited Dec 2014 financials.

Page 4: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Principle

Respect interests of customers and

other stakeholders

“Simple Banking” model providing

“plain vanilla” products to clients

Adhere to local and international

regulations

Strategy

Retail: Conventional and easy to use, retail banking and SME products provided through direct channels

besides 132 branches and 23,780 point

of sale terminals across 6 countries

Corporate: International corporate banking with local experience and expertise, tailor-made trade services

and special expertise in financing of

selected commodities

Robust risk managementNo dividend payment policy supports

growth and enhances capital

Strategy

Current Product/ Country Matrix Across 11 Countries

Strategic Roadmap To Further Strengthen CEB’s Franchise

Key Business Lines Strategy

RetailLoans

Deposits

Implement best practices within the group, across all geographies and business lines in both risk management and sales/marketingOffer easy and transparent retail products such as deposits, credit

cards, loans through various distribution channels

Fine tune asset liability structure by offering time deposit accounts 1 to

10 years

Corporate

Structured Trade & Commodity Finance

Balance Sheet & Project Finance

Specialised TCF teams in Amsterdam, Geneva and Dubai

Increase the market share in selected commodities

Expand trade finance customer base by leveraging on local presence

and market expertise

Focus on project finance and balance sheet lending to solid companies

within target sectors and geographies. N

eth

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Sw

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rla

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Ro

ma

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Ru

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Uk

rain

e

U.A

.E.

Ch

ina

Tu

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Corporate & Commercial Banking

Retail Banking

Private Banking and Portfolio Mgmt

Representative Office

International bank with strong Emerging Europe “experience” and focus on corporate and retail banking

Key elements of success:

� Effective management of assets

� Integration of business lines

� Close proximity to clients

1

Strengthening franchise in selected products and business lines with no new geographic expansion planned

Strategic OverviewStrategic Overview

2

4

Page 5: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Figures at a Glance

€mm Jun-14 Dec-14 Jun-15

Total Assets 10,085 8,715 9,016

Loans to Customers 6,789 5,855 5,493

Customer Deposits 6,158 5,788 5,636

Net Income 41.09 58.01 26.02

Operating Expenses 127 256 117

Trade Volume 5,693 11,359 6,283

Cost/Income Ratio ( %) 44.40 45.70 39.30

CET 1 9.66 11.11 10.75

in € million

StrategyClose proximity to clientsEasy to use productsCommitment to retail and corporate banking

� Low Leveraged Balance Sheet

� Stable Deposit Base

� Strong Capitalisation

� Sensitive to Asset Quality

� Dynamic & Hands-On Management

5

CEB NL CEB RU CEB RO CEB CH CEB AE CEB UA

Total Assets (€mm) 6,131 2,252 999 563 242 95

Loans to customers (€mm) 2,975 1,685 533 226 160 52

Customer Deposits (€mm) 4,153 664 578 204 31 10

Net Income (€mm) 34 (8) 4 3 5 0

# of Employees 293 3,015 825 55 22 55

# of Customers ('000s) 357 3,078 605 1 - 2

# of Branches 4 69 58 1 1 1

Consolidated Solo

Page 6: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB NV Consolidated– Balance Sheet

ASSETS (€’000) Jun-14 Dec-14 Jun-15

Cash and balances at CB 275,197 375,330 603,244

Financial assets at FVPL 15,060 19,184 4,916

Financial investments 1,405,358 1,243,658 1,328,714

Due from banks 982,024 364,224 726,583

Loans to customers (net) 6,789,147 5,854,569 5,493,383

Other assets (incl derivative financial instr.) 617,835 857,654 859,810

Total Assets 10,084,621 8,714,619 9,016,650

LIABILITIES (€’000)Jun-14 Dec-14 Jun-15

Due to customers 6,510,269 5,788,178 5,636,025

Due to banks 1,301,799 773,676 767,311

Issued debt securities 668,741 399,049 669,172

Other liabilities (incl derivative financial instr.) 323,936 453,934 522,667

Subordinated liabilities 584,659 513,701 568,895

Total Liabilities 9,389,404 7,928,538 8,164,070

EQUITY (€’000)Jun-14 Dec-14 Jun-15

Share capital 429,500 429,500 632,464

Share premium 163,748 266,712 163,748

Profit for the period 41,027 58,033 24,758

Retained earnings 348,790 348,724 397,569

Hedge reserves (133,165) 11,299 (86,182)

Fair value reserves (6,324) (12,716) (32,579)

Translation reserve (152,193) (317,300) (248,916)

Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862

Equity attributable to minority interests 3,834 1,829 1,719

Total Equity 695,217 786,081 852,581

Total Liabilities & Equity 10,084,621 8,714,619 9,016,650

Key Ratios Jun-14 Dec-14 Jun-15

Loans/Assets 67.3% 67.2% 60.9%

Av. Loans/Av. Deposits 107.4% 106.1% 99.3%

Increase in cash and cash equivalents together with due from banks are due to

increased liquidity

Asset size €9.0 billion

decrease in loans to customers by 6.17% mainly because of lower risk

appetite towards generating new Russian retail loans (RUBdenominated) which is partially compensated by

stronger RUB against EUR (Dec ’14 - 73.21; Jun ’15 - 62.19)

12% increase in corporate loan book of other CEB entities

Customer focused balance sheet with loans representing 61% of total assets.

Solid liquidity profile High quality liquid assets totaling to € 1.9 billion.

Diversified funding base The Bank has a granular customer deposit base composed

of €4.1 billion retail deposits and €1.5 billion corporate deposits collected both in

developed and emerging markets.

Fresh capital injection € 100million in the 1st quarter of 2015

Low leveraged business model with high quality capitalization (*)� Solvency ratio of 16.1% (H1 2014: 13.9%)

� Common Equity Tier I ratio of 10.8% (H1 2014: 8.5%)

� Leverage ratio at 8.5% (H1 2014: 6.8%)

Healthy ‘loans to deposits’ and ‘loans to assets’ ratio with 99.3% and 60.9%

respectively at the consolidated level.

*Profit for the first half of 2015 has not been accounted in calculation of solvency ratios.

6

Page 7: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB NV Consolidated– Income Statement

INCOME STATEMENT (€ '000) Jun-14 Dec-14 Jun-15

Interest Income 461,150 900,729 365,626

Interest Expense (251,154) (504,381) (227,379)

Net Interest Income 209,996 396,348 138,247

Commission Income 65,505 140,133 59,571

Commission Expense (29,472) (65,564) (25,707)

Commission income, net 36,033 74,569 33,864

Net trading income 4,238 9,785 4,759

Other operating income 8,389 27,282 15,157

Results from financial transactions 27,133 52,411 65,737

Operating Income 39,760 89,478 85,653

Impairment losses (113,626) (243,579) (107,966)

Net operating income 172,163 316,816 149,798

Personnel expenses (71,856) (132,826) (55,514)

G&A expenses (43,609) (85,926) (33,368)

Depreciation and amortisation (9,003) (17,055) (8,978)

Other operating expenses (2,245) (7,461) (9,484)

Other impairment losses (256) (12,936) (11,417)

Total operating expenses (126,969) (256,204) (118,761)

Share profit of associates 599 2,340 233

Profit Before Tax 45,792 62,952 31,270

Tax charge (4,702) (4,940) (6,465)

Profit for the period 41,090 58,013 24,805

Key Ratios

NIM 4.7% 4.7% 3.4%

Cost/Income 44.4% 45.7% 41.6%

RoE (before tax) 13.6% 10.5% 7.5%

RoA (before tax) 1.0% 0.8% 0.7%

Target

Cost optimisation without jeopardising franchise

Close watch asset qualityProfitability in all geographies

Swift reaction to change market dynamics

Increase at corporate portfolios in Western

Europe & CEB Dubai

Performance

Decrease in interest income is attributed to

decreasing portfolio in retail loan book at

CEB Russiadecreasing average yield on interest

earning assets at CEB RomaniaThe increase in the income from financialtransactions was as a result of trading of sovereign

bonds thereby grabbing the market opportunity.

Decrease in impairment losses due to decreasing

retail loan portfolio

Personnel expenses reduced by 25% YoY due to

consolidation in CEB Russia

€25 million consolidated net income for halfyearCost/income ratio improved to 41.6%

Decrease in the profit attributed to the decrease of business activities in the Russian Retail portfolio

OverviewOverview

7

Page 8: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Assets in € million Jun-14 Dec-14 Jun-15

Cash & CB balances 275 375 603

Marketable securities 1,420 1,263 1,334

Due from banks 982 364 727

Loans to customers 6,789 5,855 5,494

- Corporate loans 3,875 3,855 3,659

- SME loans 170 138 99

- Retail loans 2,743 1,861 1,736

Derivative financial instruments 208 451 443

Fixed assets 136 172 197

Other assets 274 235 218

TOTAL 10,085 8,715 9,016

8

Corporate

67%Retail

31%

SME

2%

CEB NL

66%

CEB RU

17%

CEB RO

5%

CEB SU

6%

CEB DU

4%

Other

2%CEB NL

23%

CEB RU

59%

CEB RO

18%

Total Loans€5,494 million

Total Corporate Loans€3,659 million

Total Retail Loans€1,736 million

Cash &

Banks

15%

Securities

15%

Other

9%

Loans to

customers

61%

Total Assets€9,016 million

Customer focused balance sheet

61% of total assets represent loan

portfolio

Loan breakdown Corporate loans per entity Retail loans per entity

Assets by product type

Assets

Page 9: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Int’l Trade & Commodity Finance

Since its inception, CEB has been a niche player in structured trade and

commodity finance

Broad client range: large volume traders to small trading units

Through our presence in key trading hubs such as Amsterdam, Geneva

and Dubai as well as in raw material exporting and importing countries,

we are perfectly positioned to handle our customers’ trade finance

transactions across the globe

Self-liquidating, secured or partly secured and short-term nature of trade

finance accompanied by in-depth expertise gained over the years has been

demonstrated this to be a sustainable business line and as well as proven

to be resilient to turbulent times

An increase of 10% in trade volumes on a year-on-year basis as on 30th

June 2015

Open to innovative trade products and structures

Serving traders with a range of specialised products

� Inland financing, prior to shipment against warehouse receipts, tank

warrants and FCR

� Bills of Lading financing

� Distribution and Warehouse financing in the import country

� Receivables financing for sales to reputable parties

� Freight financing, covering transportation costs for sizable amounts

Corporate Banking Trade Volumes (€ million)Int’l Trade & Commodity Finance

Trade Volume Subsidiary Mix

Jun-14 Dec-14 Jun-15 ∆%

CEB NL(1)

3,982 7,710 4,484 12%

CEB RU(2)

763 1,787 822 8%

CEB CH(1)

412 752 364 (11%)

CEB Dubai1)

531 1,100 606 14%

TOTAL (incl others)5,693 11,359 6,283 10%

(1) Entities with special focus on trade and commodity finance

(2) CEB Russia provides trade related loans only

CEB NL

71%

CEB DU

10%

CEB RU

13%

CEB CH

6%

9

Page 10: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Int’l Trade & Commodity Finance

Import LC

22%

Export LC

10%

Collections

23%

LG

5%

Cash Financing

(Pre-export &

Receivable

Financing)

40%

Strategy

Specialized in• Metals (Ferrous and non-ferrous)• Energy materials (oil & coal)• Agro-chemicals (incl. fertilizers)• General chemicals (plasticizers and polymers)• Soft commodities (excl. perishables)

Serving more than 200 worldwide freight brokersand ship owners for the daily cash flows

2015

Further focus on asset creation in G10 countries Historically low loss given default ratio Greater emphasis on developing Western European & CEB Dubai trade book

Trade Volumes by Product Dec -2014

Trade Volumes by Product Jun-2015

10

Import LC

20%

Export LC

9%

Collections

18%

LG

4%

Cash Financing

(Pre-export &

Receivable

Financing)

49%

Page 11: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Liabilities

11

Deposits Represent 63% of Total Funds

Deposits remain the main funding source of the bank

Total Liabilities & Equity: €9,016 million

Deposit Collection Capabilities

CEB taps retail deposits across a range of geographies through

direct banking in the Eurozone in addition to its branch network in

Eastern Europe

Low operational costs in Euro zone allow competitive rates to be

offered, especially in long-term time deposits

Well diversified deposit base with average deposit size c. € 12

thousand & more than 500,000 deposit holders in 6 countries

Proven customer stickiness in Western Europe: 60% of the total

deposits outstanding as of FY2007 are still with CEB as on Sep 2015

� Controlled outflow of Eurozone deposits in line with the

liquidity strategy

� Cost of Retail deposits in Western Europe came down from

3.00% ( June 2011)to 1.82% (June 2015)

Evolution of Customer Deposits By Geography

Evolution of Customer Deposits By product

CEB NL

74%

CEB RU

12%

CEB RO

10%

CEB CH

3%

Total Customer Deposits: €5.636 million

Corporate

Current

11%

Corporate

Time

17%

Retail

Time

43%

Retail

Current

29%

Total Retail Deposits: €4,060 million

Total Corp Deposits€1,576 million

Total Time Deposits: €3,369 million

Total Current Deposits: €2,267 million

68% 73% 68% 76% 74%

32% 27% 32% 24% 26%

2011 2012 2013 2014 1HY15

Eurozone Non-Eurozone

Around 26% of all deposits is collected outside

Eurozone

Deposits

63%Due to

banks

9%

Debt

securities

7%

Subdebt

6%

Equity

9%

Other

6%

€1.500million of deposits collected outside the Eurozone

2010 2011 2012 2013 2014 1HY15

Demand 2,365 2,098 1,863 1,941 2,141 2,267

Time 4,820 5,422 4,069 4,061 3,647 3,369

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Page 12: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

Capital Position

12

Leverage Ratio Solvency Ratio

Stable and proven low leveraged business model - CRDIV leverage

ratio of 8.51% at June 2015

Strong capital position:BIS ratio 16.10%

CET 1 ratio 10.75%

Strong shareholders, committed to strengthen the franchise, nodividend payment to the ultimate shareholder; significant capital

generating capacity via retained earnings

Decrease at the consolidated RWA is partially compensated by the

appreciation of RUB against EUR

In March 2015, the shareholders injected fresh total common equity of

EUR 100 million, which further strengthened CEB’s capital position.

Regulatory Capital Jun-14 Dec-14 Jun-15 %YTD ∆

Tier 1 Capital 758,363 742,609 808,426 6.20%

Total Capital 1,087,825 1,113,254 1,210,607 10.15%

RWA 7,848,650 6,682,607 7,520,536 (4.20%)

CET1 9.66% 11.11% 10.75% 11.30%

CAR 13.86% 16.66% 16.10% 16.20%

7.69%7.72% 7.34%

7.73%

6.98%6.73% 6.60%

6.80%

8.31%

8.51%

Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15

Leverage Ratio

13.25% 13.09% 12.73%12.93% 13.40% 13.75% 13.47% 13.33%

16.00% 16.10%

10.07% 9.88% 9.51% 9.28% 8.89% 7.89% 8.12% 7.96%

11.11% 10.75%

Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15

Solvency Ratios

Solvency Ratio Core Tier 1 Ratio

*Profit for the first half of 2015 has not been accounted in calculation of solvency ratios.

Page 13: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Netherlands

Established in 1994

Major business lines: retail, international trade finance and financial institutions

Corporate Banking is serving over 1,500 customers in 40 countries

Well diversified loan portfolio composed of:• Structured trade and commodity finance• Balance sheet lending• Marine finance

Retail banking is serving approximately 400,000 customers in 4 countries;Netherlands, Germany, Belgium, Malta

Focus on customer-friendly direct banking products• Savings: Daily Deposits, Time Deposits• Loans: Installment Loan, Revolving Loan and loan related insurance products

Strong retail deposit base

(€ million)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 6,606.0 6,121.0 6,131.1

Loans to customers, net 3,243.5 3,387.1 2,975.3

Marketable Securities 1,109.0 784.0 793

Customer Deposits 4,728.3 4,395.7 4.152.8

Subordinated Liabilities 435.1 380.3 412.5

Shareholders’ Equity 691.1 784.3 852.1

Income Statement Jun-14 Dec-14 Jun-15

NII 34.9 70.6 41.1

Net Fee & Commission Income 7.7 15.9 9.7

Trading & Other Operating Income 24.8 41.5 45.1

Total Operating Income 67.4 127.9 95.9

Impairment Losses 21.9 59.6 32.4

Personnel Expenses 15.7 28.9 14.4

Operating Expenses 8.1 16.1 8.8

Net Income 22.1 30.4 33.7

Key Ratios Jun-14 Dec-14 Jun-15

NIM 1.5% 1.5% 1.7%

Cost/Income Ratio 35.4% 35.1% 24.2%

Cost of credit 1.4% 1.4% 3.9%

Av. Deposits/ Av. Loans 152.6% 148.2% 145.3%

RoA (After Tax) 0.7% 0.5% 1.1%

Assets Loan Portfolio

13

Loans to

customers 48%

Other Assets

20%

Securities

13%

Cash and

Equivalents

6%Due from

Banks 13%

Corporate

87%

Retail 13%

Page 14: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Russia –

Established in 1997 as a subsidiary of Fiba Group and is present in 48 citiesand 41 regions of Russia, covering an area which accounts for 85% of retailbanking activities in Russia

Reputable bank in Russian banking system, eligible for Ministry of Finance,Central Bank and Housing Fund financing facilities; eligible for Pension Funddeposits and its guarantees are accepted by CBR and Russian Customs

More than 10,000 corporate, commercial and SME customers in Moscow andseven other major regions : Kazan, Samara, Ufa, Rostov on Don, St. Petersburg,Yekaterinburg, Novosibirsk

Partnership programs with the leading retail companies of RF: Leroy Merlin,IKEA, Mega, Auchan, Metro

Joint car loan programs with distributors: Hyundai, Hyundai Comtrans, UZDaewoo, Mitsubishi, Mitsubishi Fuso, AvtoVAZ, KIA, Gaz, Chery, Lifan, FAW,Toyota Hino, Iveko

(€million)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 3,085.9 1,945.9 2,251.5

Marketable Securities 90.1 141.5 244.1

Loans to customers, net 2,614.1 1,552.7 1,684.8

Customer Deposits 960.6 583.8 663.9

Debt Securities Issued 725.1 435.0 713.9

Subordinated Liabilities 181.6 195.6 224.1

Shareholders’ Equity 455.5 269.5 302.4

Income Statement Jun-14 Dec-14 Jun-15

NII 138.7 253.2 68.6

Net Fee & Comm Income 16.5 35.0 13.5

Trading and other Income 8.3 23.5 12.4

Total Operating Income 163.5 311.7 94.5

Impairment Losses 77.9 146.6 59.0

Personnel Expenses 39.3 71.4 24.4

Operating Expenses 31.7 61.4 21.4

Net Income 11.2 22.8 (8.3)

Key Ratios Jun-14 Dec-14 Jun-15

NIM 9.7% 9.7% 7.1%

Cost/Income Ratio 43.4% 42.6% 48.4%

Cost of credit 5.5% 5.7% 6.6%

Av. Deposits/ Av. Loans 36.2% 36.1% 37.5%

RoE (After Tax) 4.6% 5.0% -6.7%

RoA (After Tax) 0.7% 0.7% -0.9%

Assets Loan Portfolio

14

Loans to

customers 75%

Other Assets

5%

Securities

11%

Cash and

Equivalents

9%

Retail

61%

Corporate

36%

SME 3%

Page 15: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Romania (€million)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 1,039.3 1,034.1 998.9

Marketable Securities 217.1 334.5 285.5

Loans to customers, net 585.1 509.9 532.9

Customer Deposits 633.8 601.9 577.6

Shareholders’ Equity 176.0 170.6 160.5

Income Statement Jun-14 Dec-14 Jun-15

NII 21.5 45.1 15.5

Net Fee & Commission Income 6.6 13.4 6.2

Trading & Other Operating Income 5.7 23.9 23.8

Total Operating Income 33.9 82.4 45.5

Impairment Losses 12.4 42.8 15.5

Personnel Expenses 10.4 19.6 9.3

Operating Expenses 10.9 22.5 14.8

Net Income/ (Loss) 0.21 (1.8) 4.4

Key Ratios Jun-14 Dec-14 Jun-15

NIM 4.8% 5.0% 3.4%

Cost/Income Ratio 62.9% 51.1% 52.9%

Cost of credit 3.5% 5.7% 3.5%

Av. Deposits/ Av. Loans 104.9% 107.3% 113.5

RoE (After Tax) 0.025% -1.1% 5.2%

RoA (After Tax) 0.004% -0.2% 0.8%

Acquired by Fiba Group in 1999

Ranked number 15th by asset size out of 42 banks in Romania

Present in 27 counties of Romania through 58 branches covering 65% ofthe country

A stable and granular deposit base is the core funding source of the

bank. The total customer deposits of the bank remained stable around

EUR600 million, while the cost of deposits have come further down. (in

line with the strategy)

Main franchise of the Bank is its credit cards business; CardAvantaj is

the 2nd largest credit card product in the market with 18% market share

(300,000 credit cards)

An extensive network of POS devices, representing 7% market share.

Installment payments extended online via e-commerce partners(Groupon, Vodafone, etc.)

Decreasing trend in Impairment Losses

Note

1. Basel II methodology

15

Assets Loan Portfolio

Loans to

customers 53%

Other Assets

7%

Securities

29%

Cash and

Equivalents

11%

Retail

58%

Corporate

31%

SME

11%

Page 16: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Suisse(€ million)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 417.1 481.0 567.6

Marketable Securities 57.5 57.9 77.4

Loans to customers, net 191.3 241.9 225.9

Customer Deposits 154.2 171.1 204

Shareholders’ Equity 125.1 129.8 138.3

Income Statement Jun-14 Dec-14 Jun-15

NII 8.0 15.5 6.9

Net Fee & Commission Income 3.3 7.0 3.1

Trading & Other Operating Income 0.9 0.8 1.2

Total Operating Income 12.2 23.3 11.2

Impairment Losses 1.6 2.1 0.7

Personnel Expenses 3.8 7.9 4.4

Operating Expenses 2.1 4.3 2.3

Net Income 3.6 6.7 2.8

Key Ratios Jun-14 Dec-14 Jun-15

NIM 3.7% 3.8% 3.2%

Cost/Income Ratio 47.6% 52.3% 59.7%

Cost of credit 1.5% 1.1% 0.6%

Av. Deposits/ Av. Loans 86.7% 79.8% 84.5%

RoE (After Tax) 5.8% 5.3% 3.9%

RoA (After Tax) 1.4% 1.4% 1.0%

Acquired by Fiba Group in 1990, first non-Turkish subsidiary of FIBA Group

Expertise in trade finance in Switzerland for close to 25 years, specialized inmetals, energy, textile, agro-chemicals, chemicals, and soft commodities

Provides investment advisory and asset management services to over 850

customers

Total assets under custody reached €1.2 billion as of June 2015

Note

1. Statutory

16

Assets Loan Portfolio

Loans to

customers 40%

Other Assets

19%

Securities

14%

Cash and

Equivalents

27%

Corporate

92%

Private

Banking 8%

Page 17: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Dubai

(€mm)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 169.5 253.7 242.4

Marketable Securities 22.5 24.9 23.5

Loans to customers, net 114.3 194.0 159

Customer Deposits 21.5 25.1 31.0

Shareholders’ Equity 54.2 65.3 74.8

Income Statement Jun-14 Dec-14 Jun-15

NII 3.2 7.2 4.6

Net Fee & Com Income 1.4 2.5 1.3

Trading & Other Income 0.4 0.6 0.6

Total Operating Income 5.0 10.3 6.5

Personnel Expenses 1.0 2.0 1.0

Operating Expenses 0.4 1.1 0.5

Net Income 3.6 7.2 5.0

Key Ratios Jun-14 Dec-14 Jun-15

NIM 4.1% 4.1% 3.8%

Cost/Income Ratio 27.9% 30.5% 23.4%

Av. Deposits/ Av. Loans 21.7% 19.1% 18.5%

RoE (After Tax) 13.8% 12.8% 13.5%

RoA (After Tax) 4.5% 4.1% 4.0%

Note

1. In accordance with DIFC

Assets

17

Established in 2008, operates under DIFC (Dubai International Financial

Centre) with “Category 1” license

Specialized in structured commodity and trade finance in MENA and Asiaregion

Trade finance volume stands at EUR 606 million for the period Jan-June2015. Target customers are regional and international trading housesspecialized in the physical trade of commodity products (i.e.: crude & refined

petroleum products, metals, minerals, chemicals, soft commodities, etc. ).

Average tenor of CEBD’s trade finance transactions stands at 90 days

Transactions are self-liquidated and financing is being granted on a

transactional basis; hence the Bank maintains a close control over businesscycle.

Cash &

equivalents,

13%

Securities

10 %

Loans to

customers,

76%

Other assets,

1%

Page 18: CREDIT EUROPE BANK NV...Equity attributable to sh-rs' of Parent Company 691,383 784,252 850,862 Equity attributable to minority interests 3,834 1,829 1,719 Total Equity 695,217 786,081

CEB Ukraine

(€million)

Balance Sheet Jun-14 Dec-14 Jun-15

Total Assets 151.7 126.4 94.5

Marketable Securities 7.1 9.5 6.7

Loans to customers, net 80.5 64.9 52.0

Customer Deposits 14.8 13.4 9.7

Shareholders’ Equity 31.4 28.3 23.3

Income Statement Jun-14 Dec-14 Jun-15

NII 4.8 7.5 2.2

Net Fee & Com Income 0.4 2.7 0.1

Trading & Other Income 0.8 1.4 2.2

Total Operating Income 6.0 11.6 4.5

Impairment Losses 1.4 2.6 3.3

Personnel Expenses 0.8 1.4 0.4

Operating Expenses 0.7 1.3 0.5

Net Income 2.6 5.2 0.2

Key Ratios Jun-14 Dec-14 Jun-15

NIM 6.9% 5.5% 4.4%

Cost/Income Ratio 23.8% 23.4% 21.1%

Cost of credit 3.3% 3.2% 11.2%

Av. Deposits/ Av. Loans 16.1% 17.5% 15.4%

RoE (After Tax) 14.2% 16.0% 1.3%

RoA (After Tax) 3.4% 3.5% 0.3%

Established in 2007, operates under full banking license and supervised bythe National Bank of Ukraine and Dutch Central Bank as subsidiary of CreditEurope Bank N.V

Ranked 48th by asset size and 38th by capital size among 127 operatingbanks in Ukraine as of June 2015

Selectively serves to local and foreign companies operating in various industries and segments

Close cooperation with supra-nationals for SME financing in Ukraine

Run-off retail loan portfolio

Note 1. Statutory

Loan PortfolioAssets

18

Loans to

customers 55%

Other Assets 2%

Securities

7%

Cash and

Equivalents

36%

Retail,

5%

Corporate

95%