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Banca Transilvania Sa
Banca Transilvania S A : Interim condensed consolidated and separate financial statements as of 31.03.2026
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Banca Transilvania S A : Interim condensed consolidated and separate financial statements as of 31.03.2026

Banca Transilvania S.A. LEI CODE: 549300RG3H390KEL8896 INTERIM CONDENSED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS As at March 31, 2026 Banca Transilvania S.A. CONTENTS

Interim Consolidated and Separate Statement of Profit or Loss

Interim Consolidated and Separate Statement of Comprehensive Income

Interim Consolidated and Separate Statement of Financial Position

Interim Consolidated and Separate Statement of Changes in Equity

Interim Consolidated and Separate Statement of Cash Flows

Notes to the Interim Condensed Consolidated and Separate Financial Statements

1

2

3-4

5-8

9-10

11-52

Interim Consolidated and Separate Statement of Profit or Loss

For the three-month period ended March 31

Group Bank

Notes

31-03-2026

RON

31-03-2025

RON

31-03-2026

RON

31-03-2025

RON

thousand

thousand

thousand

thousand

Interest income calculated using the effective

interest method

3,181,758

2,940,835

2,857,188

2,598,668

Other interest like income

Interest expense calculated using the effective interest method

149,921

(1,255,855)

156,202

(1,131,754)

-

(1,184,631)

-

(1,059,405)

Other interest like expense

(4,404)

(3,761)

(4,223)

(4,091)

Net interest income

5

2,071,420

1,961,522

1,668,334

1,535,172

Fee and commission income

732,039

640,797

621,500

540,034

Fee and commission expense

(292,384)

(258,512)

(254,913)

(215,383)

Net fee and commission income

6

439,655

382,285

366,587

324,651

Net trading income

Net gain / loss (-) from financial assets

7

315,605

244,597

230,752

183,928

measured at fair value through other items of

comprehensive income

8

85,890

3,757

85,884

3,745

Net gain / loss (-) from financial assets which

are required to be measured at fair value

through profit and loss

9

(8,653)

42,969

50,187

63,862

Contribution to the Bank Deposit Guarantee

Fund and to the Resolution Fund

10

(3,467)

(96,116)

-

(91,665)

Other operating income

11

182,159

118,903

148,089

110,029

Operating income

3,082,609

2,657,917

2,549,833

2,129,722

(Impairment) or reversal of impairment on

financial assets not measured at fair value through profit or loss

12(a)

(250,219)

(293,231)

(199,798)

(245,936)

Other Provisions and reversal of provisions

12(b)

1,194

2,327

(883)

1,374

Personnel expenses

13

(787,111)

(722,071)

(643,126)

(576,793)

Amortization expenses

(140,353)

(136,726)

(114,504)

(111,250)

Other operating expenses

14

(558,632)

(496,529)

(469,422)

(354,384)

- Additional tax on bank income

(167,705)

(78,109)

(166,005)

(75,602)

Operating expenses

(1,735,121)

(1,646,230)

(1,427,733)

(1,286,989)

Profit before income tax

1,347,488

1,011,687

1,122,100

842,733

Income tax expense (-)

15

(206,442)

(134,651)

(171,883)

(86,447)

Net profit for the period

1,141,046

877,036

950,217

756,286

Net Profit of the Group attributable to:

Equity holders of the Bank

1,098,517

857,760

-

-

Non-controlling interests

42,529

19,276

-

-

Net Profit for the period

1,141,046

877,036

950,217

756,286

Basic earnings per share

0.8811

0.6887

-

-

Diluted earnings per share

0.8811

0.6887

-

-

Interim Consolidated and Separate Statement of Comprehensive Income

For the three-month period ended March 31

Group Bank

Notes

31-03-2026

31-03-2025

31-03-2026

31-03-2025

RON

thousand

RON

thousand

RON

thousand

RON

thousand

Net Profit for the year

1,141,046

877,036

950,217

756,286

Items which are or may be reclassified to profit or loss

(250,083)

167,108

(245,637)

169,913

Fair value reserve (financial assets

measured at fair value through other items of comprehensive income), of which:

(271,813)

204,572

(290,430)

202,377

Net loss (-) / gain from disposal of financial assets measured at fair value through other items of comprehensive income, transferred to profit or

loss account

(85,890)

(3,757)

(85,884)

(3,745)

Fair value changes of financial assets measured at fair value through other items of comprehensive income

(185,923)

208,329

204,546

206,122

Translation of financial information of foreign operations to presentation currency

(21,768)

(5,112)

(3)

(34)

Income tax on items which are or may be reclassified to profit or loss

43,498

(32,352)

44,796

(32,430)

Total comprehensive income for the period

890,963

1,044,144

704,580

926,199

Total comprehensive income attributable to:

Equity holders of the Bank

848,434

1,024,868

-

-

Non-controlling interest

42,529

19,276

-

-

Total comprehensive income for the period

890,963

1,044,144

704,580

926,199

The interim condensed consolidated and separate financial statements were approved by the Board of Directors on May 21, 2026 and were signed on its behalf by:

Ӧmer TETIK George CĂLINESCU

Chief Executive Officer Deputy Chief Executive Officer - CFO

Interim Consolidated and Separate Statement of Financial Position

Group Bank

Assets

Notes

31-03-2026

RON

thousand

31-12-2025

RON

thousand

31-03-2026

RON

thousand

31-12-2025

RON

thousand

Cash and current accounts with Central

Banks

16

31,195,483

25,499,275

29,561,697

23,224,311

Derivatives

158,193

145,824

168,033

150,642

Financial assets held for trading Financial assets which are required to be measured at fair value through profit or

loss

18

18

640,096

1,889,123

591,855

1,904,620

24,782

2,696,443

22,330

2,645,584

Financial assets measured at fair value through other items of comprehensive income

21

27,258,812

34,625,744

26,338,951

33,850,743

- of which pledged securities (repo

agreements)

Financial assets at amortized cost - of which:

954,513

154,804,849

1,161,753

150,957,919

954,513

149,373,679

1,161,753

145,864,742

- Placements with banks and public institutions

17

9,340,822

16,552,294

7,261,697

14,476,281

- of which pledged placements

99,453

98,013

-

-

- Loans and advances to customers

19

102,545,437

100,446,007

101,493,301

99,691,081

- Debt instruments

21

40,896,211

31,939,806

38,805,307

29,871,314

- of which pledged debt

instruments (repo agreements)

1,106,981

1,199,101

853,368

834,792

- Other financial assets

22

2,022,379

2,019,812

1,813,374

1,826,066

Finance lease receivables

20

6,325,329

6,263,899

-

-

Investments in subsidiaries

Property and equipment and investment property

13,328

1,923,702

28,871

1,711,134

1,357,925

1,247,555

1,373,464

1,227,878

Intangible assets

1,281,384

1,268,602

1,025,638

1,013,652

Goodwill

167,968

156,979

-

-

Right-of-use assets

590,013

589,203

555,149

559,701

Deferred tax assets

275,663

223,530

247,726

188,176

Other non-financial assets

23

441,439

446,242

261,962

276,887

Total assets

226,965,382

224,413,697

212,859,540

210,398,110

Interim Consolidated and Separate Statement of Financial Position (continued)

Notes

Group

Bank

Liabilities

31-03-2026

RON

thousand

31-12-2025

RON

thousand

31-03-2026

RON

thousand

31-12-2025

RON

thousand

Derivatives

200,751

261,867

202,235

263,550

Deposits from banks

24

307,141

301,847

322,049

321,053

Deposits from customers

25

175,866,082

175,249,810

169,545,023

168,861,727

Loans from banks and other financial institutions

26

17,040,892

17,122,801

14,649,593

14,604,339

Subordinated liabilities

27

2,684,918

2,643,277

2,509,911

2,466,250

Lease liabilities

625,619

624,366

590,928

595,633

Other financial liabilities

29

4,571,093

3,446,704

3,138,213

2,084,359

Current tax liability

Provisions for other risks and loan commitments

28

217,380

872,762

103,203

837,123

189,520

661,305

74,933

639,545

Other non-financial liabilities

30

455,088

475,283

336,242

394,696

Total liabilities excluding financial liabilities to holders of fund units

202,841,726

201,066,281

192,145,019

190,306,085

Financial liabilities to holders of fund units

54,352

49,625

-

-

Total liabilities

202,896,078

201,115,906

192,145,019

190,306,085

Equity

Share capital

10,989,724

10,989,724

10,989,724

10,989,724

Treasury shares

(164,017)

(26,511)

(137,506)

-

Share premiums

28,110

28,110

28,614

28,614

Additional equity instruments

2,530,748

2,530,759

2,529,985

2,529,996

Retained earnings

Revaluation reserves from tangible assets

8,961,812

42,745

7,837,042

46,248

6,652,735

28,192

5,643,769

31,511

Reserves on financial assets measured at fair value through other items of comprehensive income

(840,722)

(610,733)

(948,662)

(703,028)

Other reserves

1,616,033

1,615,420

1,571,439

1,571,439

Total equity attributable to equity holders of the Bank

23,164,433

22,410,059

20,714,521

20,092,025

Non-controlling interest

904,871

887,732

-

-

Total equity

24,069,304

23,297,791

20,714,521

20,092,025

Total liabilities and equity

226,965,382

224,413,697

212,859,540

210,398,110

The interim condensed consolidated and separate financial statements were approved by the Board of Directors on May 21, 2026 and were signed on its behalf by:

Ӧmer TETIK George CĂLINESCU

Chief Executive Officer Deputy Chief Executive Officer - CFO

Interim Consolidated Statement of Changes in Equity

For the three-month period ended March 31, 2026

Group

Share

Treasury

Share

Additional

Attributable to the equity holders of the Revaluation Reserves from Other

Bank

Retained

Total

Non-

Total

capital

shares

premiums

equity instruments

reserves financial assets reserves

measured at fair value through other items of comprehensive

income

earnings

attributable to the equity holders of the Bank

controlling interest

In RON thousand

Balance as at January 01, 2026

10,989,724

(26,511)

28,110

2,530,759

46,248 (610,733) 1,615,420

7,837,042

22,410,059

887,732

23,297,791

Profit for the period

Gain from fair value changes of financial assets measured at fair value through other items of comprehensive income,

net of deferred tax

-

-

-

-

-

-

-

-

- - -

- (229,989) -

1,098,518

-

1,098,518

(229,989)

42,528

-

1,141,046

(229,989)

Retained earnings from revaluation reserves

-

-

-

-

(3,503) - -

3,503

-

-

-

Foreign currency translation of foreign operations

-

-

-

-

- - -

(20,094)

(20,094)

-

(20,094)

Total comprehensive income for the period

-

-

-

-

(3,503) (229,989) -

1,081,927

848,435

42,528

890,963

Contributions of/distributions to the shareholders

Capital increases from other capital

instruments

-

-

-

(11)

- -

-

-

(11)

-

(11)

Distribution to statutory reserves

-

-

-

-

- -

-

-

-

-

-

Acquisition of treasury shares

-

(137,506)

-

-

- -

-

(137,506)

-

(137,506)

SOP 2025 Scheme

-

-

-

-

- -

-

55,433

55,433

-

55,433

Transfer of retained earnings to liabilities to holders of fund units

-

-

-

-

- -

-

4,728

4,728

-

4,728

Other adjustments

-

-

-

-

- -

613

(17,318)

(16,705)

(25,389)

(42,094)

Total contributions of/distributions to the shareholders

-

(137,506)

-

(11)

- -

613

42,843

(94,061)

(25,389)

(119,450)

Balance as at March 31, 2026

10,989,724

(164,017)

28,110

2,530,748

42,745

(840,722)

1,616,033

8,961,812

23,164,433

904,871

24,069,304

Interim Consolidated Statement of Changes in Equity (continued)

For the three-month period ended March 31, 2025

Group Attributable to the equity holders of the Bank

Share capital

Treasury shares

Share premiums

Revaluation

reserves

Reserves from financial assets

Other reserves

Retained earnings

Total attributable

Non-controlling

Total

In RON thousand

measured at fair value through other

items of comprehensive

income

to the equity holders of the Bank

interest

Balance as at January 01, 2025

9,255,300

(39,528)

32,033

44,426

(1,659,839)

1,368,612

7,616,536

16,617,540

819,033 17,436,573

Profit for the period -

Gain from fair value changes of financial assets measured at fair

-

-

-

-

-

857,760

857,760

19,276

877,036

value through other items of comprehensive income, net of

deferred tax -

-

-

-

171,774

-

-

171,774

-

171,774

reserves -

-

-

(1,791)

-

-

1,791

-

-

-

foreign operations -

-

-

-

-

-

(4,666)

(4,666)

-

(4,666)

Total comprehensive income

for the period -

-

-

(1,791)

171,774

-

854,885

1,024,868

19,276

1,044,144

Contributions of/distributions to the shareholders

Distribution to statutory reserves -

-

-

-

-

-

-

-

-

-

Acquisition of treasury shares -

(58,573)

-

-

-

-

(58,573)

-

(58,573)

SOP 2024 Scheme -

-

-

-

-

-

46,660

46,660

-

46,660

Transfer of retained earnings to

liabilities to holders of fund units -

-

-

-

-

-

(777)

(777)

-

(777)

Other adjustments -

-

(3,923)

2,906

-

2,498

(17,040)

(15,559)

(19,957)

(35,516)

Total contributions of/distributions to the

shareholders -

(58,573)

(3,923)

2,906

-

2,498

28,843

(28,249)

(19,957)

(48,206)

Balance as at March 31, 2025 9,255,300

(98,101)

28,110

45,541

(1,488,065)

1,371,110

8,500,264

17,614,159

818,352

18,432,511

Retained earnings from revaluation Foreign currency translation of

Interim Separate Statement of Changes in Equity (continued)

For the three-month period ended March 31, 2026

Share

Treasury

Share

Additional

Revaluation

Reserves from

Other

Retained

Total

capital

shares

premiums

equity

reserves

financial assets

reserves

earnings

instruments

measured at

fair value

through other

items of

comprehensive

income

10,989,724

-

28,614

2,529,996

31,511

(703,028)

1,571,439

5,643,769

20,092,025

-

-

-

-

-

-

-

950,217

950,217

Bank Attributable to the equity holders of the Bank

In RON thousand

Balance as at January 01, 2026

Profit for the period

Gain from fair value changes of financial assets measured at fair value through other items of comprehensive income, net of

deferred tax - - - - - (245,634) - - (245,634)

Retained earnings from revaluation

reserves

Other items of comprehensive income, net

-

-

-

-

(3,319)

-

-

3,319

-

of tax

-

-

-

-

-

-

-

(3)

(3)

Statement of comprehensive income

for the period

-

-

-

-

(3,319)

(245,634)

-

953,533

704,580

Contributions of/distributions to the

shareholders

Acquisition of treasury shares

-

(137,506)

-

-

-

-

-

-

(137,506)

Capital increases from other capital

instruments

-

-

-

(11)

-

-

-

-

(11)

SOP 2025 Scheme

-

-

-

-

-

-

-

55,433

55,433

Other adjustments

-

-

-

-

-

-

-

-

-

Total contributions of/distributions

to the shareholders

-

(137,506)

-

(11)

-

-

-

55,433

(82,084)

Balance as at March 31, 2026

10,989,724

(137,506)

28,614

2,529,985

28,192

(948,662)

1,571,439

6,652,735

20,714,521

Interim Separate Statement of Changes in Equity (continued)

For the three-month period ended March 31, 2025

Bank Attributable to the equity holders of the Bank

In RON thousand

Share capital

Treasury shares

Share premiums

Revaluation

reserves

Reserves from financial assets measured at fair value through other

Balance as at January 01, 2025

9,255,300

(24,241)

28,614

31,369

income (1,676,942)

1,323,022

5,281,983

14,219,105

Profit for the period

Gain from fair value changes of financial assets measured at fair value through other items of comprehensive income, net of deferred tax

-

-

-

-

-

-

-

-

-

169,942

-

-

756,286

-

756,286

169,942

Retained earnings from revaluation reserves Other items of comprehensive income, net of

tax

-

-

-

-

-

-

(1,790)

-

-

-

-

-

1,790

(29)

-(29)

Statement of comprehensive income for the period

-

-

-

(1,790)

169,942

-

758,047

926,199

Contributions of/distributions to the shareholders

Acquisition of treasury shares

-

(58,573)

-

-

-

-

-

(58,573)

SOP 2024 Scheme

-

-

-

-

-

-

46,660

46,660

Other adjustments

-

-

-

-

-

7,235

575,300

582,535

Total contributions of/distributions to the shareholders

-

(58,573)

-

-

-

7,235

621,960

570,622

Balance as at March 31, 2025

9,255,300

(82,814)

28,614

29,579

(1,507,000)

1,330,257

6,661,990

15,715,926

items of comprehensive

Other reserves

Retained earnings

Total

For the three-month period ended March 31

Group Bank

In RON thousand Notes

Cash-flow from operating activities

31-03-2026

31-03-2025

31-03-2026

31-03-2025

Profit for the year

1,141,046

877,036

950,217

756,286

Adjustments for:

Amortization expenses

Impairment allowance, expected losses and write-

offs of financial assets, provisions for other risks and loan commitments

140,353

291,241

136,726

322,336

114,504

221,145

111,250

270,472

Adjustment of financial assets at fair value through profit or loss

8,653

(42,969)

(50,187)

(63,862)

Income tax expense

206,442

134,651

171,883

86,447

Interest income

(3,331,679)

(3,097,037)

(2,857,188)

(2,598,668)

Interest expense

1,260,259

1,135,515

1,188,854

1,063,496

Other adjustments

(77,611)

(280,648)

668,352

(222,078)

Net profit adjusted with non-monetary elements

(361,296)

(814,390)

407,580

(596,657)

Changes in operating assets and liabilities

Change in financial assets at amortized cost and placements with banks

(10,391,398)

2,669,453

(10,121,683)

(1,677,863)

Change in loans and advances to customers

(2,299,785)

(1,692,397)

(1,983,207)

(1,997,047)

Change in finance lease receivables

(88,416)

33,189

-

-

Change in financial assets at fair value through profit or loss

6,844

43,285

(672)

53,976

Change in financial assets held for trading and measured at fair value through profit or loss -derivatives

(12,369)

34,206

(17,391)

19,147

Change in equity instruments

(48,241)

(15,154)

(2,452)

(327)

Changes in debt instruments

-

(6,613)

-

-

Change in other financial assets

(16,601)

35,673

(1,467)

1,898,144

Change in other assets

(6,989)

(28,672)

13,458

(15,788)

Change in deposits from customers

576,957

(2,449,636)

240,173

(1,164,769)

Change in deposits from banks

5,294

(448,429)

991

(657,667)

Change in financial liabilities held-for-trading

(61,116)

(61,195)

(61,315)

(61,898)

Change in repo operations

(274,096)

1,193,522

(164,296)

1,232,162

Change in other financial liabilities

1,120,709

612,347

1,050,174

889,504

Change in other liabilities

(188,125)

(97,477)

(226,385)

(123,008)

Income tax (paid)/recovered

(116,388)

(202,841)

(72,049)

(183,653)

Interest received

2,574,157

2,464,570

2,134,654

1,905,781

Interest paid

(914,493)

(877,570)

(964,268)

(943,386)

Net cash-flow from operating activities

(10,495,352)

391,871

(9,768,155)

(1,423,349)

(continued)

For the three-month period ended March 31

Group Bank

In RON thousand Notes

31-03-2026

31-03-2025

31-03-2026

31-03-2025

Cash-flow used in investment activities Acquisition of financial assets measured at fair value through other items of comprehensive

income

(2,149,616)

(2,664,296)

(1,944,360)

(2,646,943)

Sale/redemption of financial assets measured at fair value through other items of comprehensive income

9,327,810

3,637,519

9,242,280

3,439,016

Net acquisitions of property and equipment

(19,401)

(36,951)

(23,168)

(27,448)

Net acquisitions intangible assets

(62,277)

(31,850)

(49,498)

(32,425)

Proceeds from disposal of property and equipment

5,671

(4,676)

5,005

461

Acquisitions of equity investments

-

-

-

(191,424)

Dividends collected

2,567

-

-

16,921

Interest received

225,380

481,130

225,355

474,628

Net cash-flow used in investment activities

7,330,134

1,380,876

7,455,614

1,032,786

Cash-flow from financing activities

Capital increases from other capital elements

(11)

-

(11)

-

Gross proceeds from loans from banks and other financial institutions

276,464

5,010

-

-

Gross payments from loans from banks and other financial institutions

(289,924)

(95,058)

(9,230)

(17,336)

Gross payments from subordinated loans from banks and other financial institutions

-

-

-

-

Payment of the principal of the lease liabilities

(45,121)

(41,084)

(40,625)

(41,226)

Dividend payments

(405)

(141)

(405)

(141)

Payments for treasury shares

(137,506)

(58,573)

(137,506)

(58,573)

Interest paid

(35,832)

(10,433)

(211)

(433)

Net cash-flow from / (used in) financing activities

(232,335)

(200,279)

(187,988)

(117,709)

Notes Group Bank

In RON thousand

31-03-2026

31-03-2025

31-03-2026

31-03-2025

Cash and cash equivalents as at January 1

The impact of exchange rate variations on cash and cash equivalents

42,457,874

39,983

30,548,644

31,892

38,572,033

66,371

28,210,616

(34,374)

Net increase/decrease (-) in cash and cash

equivalents

(3,437,536) 1,540,576 (2,566,900) (473,898)

Cash and cash equivalents as at March 31

16

39,060,321 32,121,112 36,071,504 27,702,344

Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation

a) Reporting entity

Banca Transilvania S.A.

Banca Transilvania S.A. (the "Parent company", "BT") is a joint-stock company incorporated in Romania. The Bank started its activity as a banking institution in 1993 and is licensed by the National Bank of Romania ("BNR", the "Central Bank") to conduct banking activities. The Bank started its activity in 1994 and its main operations involve banking services for legal entities and individuals.

Banca Transilvania Group (the "Group") includes the Parent company and its subsidiaries, based in Romania and in the Republic of Moldova. The consolidated and separate financial statements as at March 31, 2026 comprise the Parent company and its subsidiaries (hereinafter referred to as the "Group").

The Group's fields of activity are: banking through Banca Transilvania S.A., B.C. Victoriabank S.A. and Salt Bank S.A., leasing and consumer finance mainly through BT Leasing Transilvania IFN S.A., BT Direct IFN S.A., BT Microfinantare IFN S.A., BT Leasing MD S.R.L. and O.C.N. Microinvest S.R.L., asset management through BT Asset Management S.A.I. S.A. and INNO Investments S.A.I. S.A., brokerage and investments through BT Capital Partners S.A. and pension funds management BRD Societate de Administrare a Fondurilor de Pensii Private S.A. Additionally, the Bank also has control over two investment funds it consolidates.

As of March 2026, the Group took control of the entity Argo Development S.R.L., through the BT Property Real Estate Investment Fund.

The Bank carries out its banking activity through its head office located in Cluj-Napoca and 42 branches, 466 agencies, 3 work units, 8 healthcare division units, 2 private banking agencies in Romania, 1 branch in Italy and 1 regional office located in Bucharest and 1 Head Office located in Bucharest (2025: one head office located in Cluj-Napoca and 42 branches, 475 agencies, 3 work units, 8 healthcare division units, 2 private banking agencies in Romania, 1 branch in Italy and 1 regional office located in Bucharest and 1 Head Office located in Bucharest).

The Group's number of active employees as at March 31, 2026 was 13,306 (2025: 13,361 employees).

The Bank's number of active employees as at March 31, 2026 was 10,133 (2025: 10,180 employees). The registered address of the Bank is 30-36 Calea Dorobantilor, Cluj-Napoca, Romania.

The ownership structure of the Bank is presented below:

31-03-2026

31-03-2025

NN Group (*)

9.37%

9.37%

The European Bank for Reconstruction and Development ("EBRD")

5.16%

5.16%

Romanian individuals

25.15%

24.52%

Romanian companies

45.56%

45.48%

Foreign individuals

1.17%

1.12%

Foreign companies 13.59% 14.35%

Total 100% 100%

(*) NN Group N.V. and the pension funds managed by NN Pensii SAFPAP S.A. and NN Asigurari de Viata S.A..

The Bank's shares are listed on the Bucharest Stock Exchange and are traded under the symbol TLV.

Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation (continued)

a) Reporting entity (continued)

The Group's subsidiaries are represented by the following entities:

Subsidiary

Field of activity

Percentage of direct and indirect stake

March 31

2026

Percentage of direct and indirect stake December 31,

2025

B.C. Victoriabank S.A.

Financial and banking activities and investments subject to license

44.63%

44.63%

BT Capital Partners S.A.

Investments

99.62%

99.62%

BT Leasing Transilvania IFN S.A.

Leasing

100%

100%

BT Investments S.R.L.

Investments

100%

100%

BT Direct IFN S.A.

Consumer loans

100%

100%

BT Asset Management SAI S.A.

Asset management

100%

100%

BT Leasing MD S.R.L.

Leasing

100%

100%

BT Microfinantare IFN S.A.

Other lending activities

100%

100%

Improvement Credit Collection S.R.L.

Activities of collection agents and Credit reporting bureaus

100%

100%

VB Investment Holding B.V.

Activities of holdings

61.82%

61.82%

BT Pensii S.A.

Activities of pension funds (except those

in the public social security system)

100%

100%

Salt Bank S.A.

Financial and banking activities and investments subject to license

100%

100%

BT Broker de Asigurare S.R.L.

Insurance broker

100%

100%

Code Crafters by BT S.R.L.

Custom software development activities

100%

100%

BTP One S.R.L.

Renting and subletting of own or rented

real estate

99.73%

99.73%

BTP Retail S.R.L.

Renting and subletting of own or rented real estate

99.73%

99.73%

BTP Store Hub Turda S.R.L.

Renting and subletting of own or rented real estate

99.73%

99.73%

BTP Store Hub Oradea S.R.L.

Renting and subletting of own or rented real estate

99.73%

99.73%

Inter Terra S.R.L.

Buying and selling of own real estate

99.73%

99.73%

OTP Factoring S.R.L.

Other financial intermediation

-

100%

INNO Investments S.A.I. S.A.

Asset management

100%

100%

O.C.N. Microinvest S.R.L.

BRD Societate de Administrare a Fondurilor de Pensii Private S.A.

Other lending activities

Activities of pension funds (except those in the public social security system)

44.63%

100%

44.63%

100%

Secure Cash Express S.R.L.

Investigation activities and private protection services

100%

100%

Microinvest Technology S.R.L.

Custom software development activities

44.63%

44.63%

ARGO Development S.R.L.

Real estate development (promotion)

99.73%

-

Notes to the Interim Condensed Consolidated and Separate Financial Statements
  1. Reporting entity and basis of preparation (continued)

    1. Reporting entity (continued)

      Based on materially concept as defined in paragraph 7 of IAS 1, the Group has decided to exclude several subsidiaries from the consolidation perimeter, as their exclusion is not expected to have a significant effect on the consolidated financial statements. The decision to exclude them from consolidation is based on an assessment of both quantitative and qualitative factors, which included the size of the subsidiaries and their non-material impact on the Group as a whole.

      As at March 31, 2026 the list of excluded subsidiaries from the consolidation perimeter and the reasons for their exclusion is shown below:

      Subsidiary Reasons for exclusion

      Code Crafters by BT S.R.L. no significant assets or liabilities, expenses or revenues BTP Retail S.R.L. no significant assets or liabilities, expenses or revenues BTP Store Hub Oradea S.R.L. no significant assets or liabilities, expenses or revenues Secure Cash Express S.R.L. no significant assets or liabilities, expenses or revenues Microinvest Technology S.R.L. no significant assets or liabilities, expenses or revenues

      As at December 31, 2025 the list of excluded subsidiaries from the consolidation perimeter and the reasons for their exclusion is shown below:

      Subsidiary Reasons for exclusion

      Code Crafters by BT S.R.L. no significant assets or liabilities, expenses or revenues BTP Retail S.R.L. no significant assets or liabilities, expenses or revenues BTP Store Hub Oradea S.R.L. no significant assets or liabilities, expenses or revenues OTP Factoring S.R.L. no significant assets or liabilities, expenses or revenues Secure Cash Express S.R.L. no significant assets or liabilities, expenses or revenues Microinvest Technology S.R.L. no significant assets or liabilities, expenses or revenues Sinteza (associate) no significant assets or liabilities, expenses or revenues

      In addition to the qualitative factors, namely nature of activity of excluded subsidiaries, future plans of the Group to centralize their activity in other bigger subsidiaries, the potential impact of the exclusion of subsidiaries on the consolidated financial statements is performed based on quantitative factors like assets, liabilities, net profit, expenses and revenues. As at December 31, 2025 an assessment was performed on an entity-by-entity base and an additional analysis is conducted on the potential impact of total excluded subsidiaries in total figures of the Group, as shown in the table below:

      RON thousand

      2026

      2025

      total assets of excluded subsidiaries

      14,202

      13,325

      % of total assets of excluded subsidiaries in total assets of the Group

      0.01%

      0.01%

      Total liabilities of excluded subsidiaries

      22,140

      18,179

      % of total liabilities of excluded subsidiaries in total liabilities of the Group

      0.01%

      0.01%

      P&L of excluded subsidiaries

      4,760

      7,451

      % of total P&L of excluded subsidiaries in total P&L of the Group

      0.42%

      0.16%

      Total expenses of excluded subsidiaries

      38,470

      101,454

      % of total expenses of excluded subsidiaries in total expenses of the Group

      0.15%

      0.06%

      Total revenues of excluded subsidiaries

      43,230

      108,905

      % of total revenues of excluded subsidiaries in total revenues of the Group

      0.16%

      0.07%

      The exclusion of these subsidiaries does not materially affect the Group's consolidated financial position, financial performance, cash flows or other elements of the consolidated financial statements. This information is evaluated annually, or whenever significant changes occur that impact the initial analysis. As at March 31, 2026, there was no information indicating that the analysis carried out on December 31, 2025 is no longer relevant.

      Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation (continued)

    2. Declaration of conformity

      The interim consolidated and separate statement of the Group and the Bank have been prepared in accordance with IAS 34 "Interim Financial Reporting" as endorsed by the European Union, effective as at the Group's and Bank's interim reporting date, March 31, 2026.

      They do not include all the information required for a complete set of financial statements in accordance with the International Financial Reporting Standard ("IFRS") endorsed by the European Union. However, certain notes are included in order to explain the events and transactions that are significant in order to understand the changes in the Group's and the Bank's financial position and performance as of the last annual separate and consolidated financial statements as at and for the year ended December 31, 2025.

      Financial information for the periods ended at March 31, are not audited nor revised.

    3. Basis of measurement

      The interim consolidated and separate financial statement were prepared on historical cost basis, except for the financial instruments recognized at fair value through profit or loss, the financial instruments at fair value through other items of comprehensive income and the revaluation of property and equipment and investment property.

    4. Functional and presentation currency - "RON"

      The items included in the financial statement of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates ('the functional currency'). The functional currency of the entities within the Group is the Romanian leu "RON", euro ("EUR") and the Moldavian leu ("MDL"). The consolidated and separate financial statements are presented in Romanian lei "RON", rounded to the nearest thousand.

      The exchange rates for the major foreign currencies were:

    5. Use of estimates and judgements

Currency

March 31, 2026

December 31, 2025

Variation %

Euro ("EUR")

1: RON 5.0988

1: RON 5.0985

0.01%

United States Dollar ("USD")

1: RON 4.4463

1: RON 4.3417

2.41%

The preparation of the interim consolidated and separate statement in accordance with the IAS 34 "Interim Financial Reporting", as endorsed by the European Union implies that the management uses estimations and judgements that affect the application of accounting policies, as well as the reported value of assets, liabilities, incomes and expenses. The estimates and associated assumptions are based on historical data and various other factors that are believed to be relevant under the given circumstances, the result of which forms the basis of the judgements used in assessing the carrying value of the assets and liabilities for which no other evaluation sources are available. Actual results may differ from these estimates. The estimates and assumptions are reviewed on an ongoing basis.

The review of the accounting estimates are recognized in the period in which the estimate is reviewed, if the review affects only that period, or in the period of the review and future periods if the review affects both current and future periods.

The Group and the Bank make estimates and assumptions that affect the amounts of assets and liabilities reported within the next financial year. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are considered to be reasonable under the given circumstances.

Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation (continued) e) Use of estimates and judgements (continued)

(i) Impairment losses on loans and advances to customers

The Group and the Bank are frequently reviewing (mostly monthly) the loan and finance lease receivables portfolio in order to assess the impairment. In determining whether an impairment loss should be recorded, the Group and the Bank make judgments as to whether there is any observable data indicating that there is a measurable decrease in the estimated future cash flows related to a portfolio of loans and finance lease, before such decrease can be identified with respect to an individual loan or lease investment in that portfolio. For example, the observable data might be the unfavorable changes in the payment behavior of certain debtors within a group or in the economic, national or local circumstances, which correlate with default incidents affecting the debtors' group.

When scheduling future cash flows, the management uses estimates based on the past experience related to losses from loans with similar risk characteristics. The methodology and assumptions used for estimating both the amount and timing of future cash flows are reviewed regularly to reduce any gaps between estimated losses and actual losses, but also to assess the effects of the local financial market uncertainties on the valuation of assets and the debtors' operating environment.

The loan loss estimation considers the visible effects of the current and future expected market conditions on the individual and collective assessment of expected credit losses on loans and advances to customers. Hence, the Group and the Bank have estimated the expected credit losses for loans and advances to customers and receivables from finance lease based on the internal methodology and assessed that no further expected credit losses is required except as already provided for in the consolidated and separate financial statements.

Individually significant assets are assessed and monitored individually, regardless of the stage allocation. Thus, a specialized team of experts uses professional judgement to assess the unlikeliness to pay and determine the scenarios for ECL computation. The three-stage expected credit loss impairment model in IFRS 9 depends on whether the credit risk has increased significantly since initial recognition. If the credit risk has not increased significantly, the impairment charge equals the expected credit losses resulting from default events that are possible within the next 12 months (stage 1). If the credit risk has increased significantly, the loan is more than 30 days past due, or the loan is in default or otherwise impaired, the impairment charge equals the lifetime expected credit losses (stage 2 and 3).

In determining the impairment for expected credit losses, management incorporates forward-looking information, exercises judgement and uses estimates and assumptions. The estimation of expected credit losses involves forecasting future economic conditions over 3 years.

The macroeconomic scenarios developed reflect a macroeconomic environment with uncertainties and risks for the population and economic agents characterized by the persistence of geopolitical tensions, disruptions in the supply chain, labor shortages corroborated with tightening of financial conditions and maintaining an elevated level of inflation, being exacerbated by the war in Ukraine, to which is added the conflict in the Middle East, concluding in new challenges that affect the economic and business activity.

Usually, the Bank uses 3 types of scenarios: central scenario, optimistic scenario and pessimistic scenario.

Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation (continued) e) Use of estimates and judgements (continued)

(i) Impairment losses on loans and advances to customers

The weights allocated to the scenarios used by the Bank as of March 31st, 2026 are: 50% for the central scenario, 40% for the pessimistic scenario and 10% for the optimistic scenario, unchanged versus December 31st, 2025.

Optimistic scenario - Macro indicators

2026

2027

2028

Real PIB (% each year)

2.63

3.45

3.86

Unemployment rate (%)

5.42

4.76

4.63

Inflation (hicp, %)

5.35

2.64

2.22

ROBOR 3M (%)

5.31

4.07

3.03

EURIBOR 3M (%)

1.78

1.64

1.43

House prices (%, YoY)

6.45

7.59

8.25

Base scenario - Macro indicators

2026

2027

2028

Real PIB (% each year)

1.49

2.38

2.73

Unemployment rate (%)

6.22

6.17

6.02

Inflation (hicp, %)

6.74

4.00

3.28

ROBOR 3M (%)

6.02

5.02

4.18

EURIBOR 3M (%)

1.97

1.92

1.79

House prices (%, YoY)

4.24

4.74

5.32

Pessimistic scenario - Macro indicators

2026

2027

2028

Real PIB (% each year)

0.60

0.84

1.12

Unemployment rate (%)

6.84

7.19

7.28

Inflation (hicp, %)

9.04

7.08

4.86

ROBOR 3M (%)

7.30

6.46

5.55

EURIBOR 3M (%)

2.25

2.36

2.44

House prices (%, YoY)

2.69

1.85

1.27

The table below illustrates the impact of changing scenarios weights for optimistic and pessimistic scenario, at the Bank level:

Scenario weight

100% pessimist

100% baseline

100% optimistic

ECL movement

+187 Mio RON

-51 mio RON

-316 mio RON

In December 2025, the Bank updated the parameters used in measuring the level of expected credit losses and revised the post-model adjustments (PMA) so as to reflect as accurately as possible the current conditions, including by incorporating emerging risks.

With regard to post-model adjustments (PMA), the Bank implemented a methodology based on the level of sensitivity to the identified risks, classifying corporate portfolios according to the primary industry in which clients operate, as determined during the exposure approval process. As for retail clients, PMA adjustments are applied predominantly to unsecured loans considered immediately sensitive to the transmission of macroeconomic and emerging risks, such as geopolitical, climate-related and fiscal risks. In addition, the Bank automatically classifies certain portfolios falling within high risk (rating) classes into Stage 2.

Notes to the Interim Condensed Consolidated and Separate Financial Statements
  1. Reporting entity and basis of preparation (continued)
    1. Use of estimates and judgements (continued)

      1. Impairment losses on loans and advances to customers

        The amount of post model adjustments applied is representing 13.51% of total ECL, similar with December 2025 considering:

        • expectation related to high-risk products and portfolios (supplementary ECL representing 0.4% of total ECL)*;

        • expectations for default rates increase considering emerging risks (supplementary ECL representing 13.11% of total ECL)**

          * for the category of high-risk products was considered that certain lending products, such as those in the area of unsecured loans granted to clients assessed with a pre-default rating, should be classified as having a significant increase in risk. Those mentioned measures determined the classification in stage 2 of the facilities granted to borrowers who find themselves in the exposed situation and have a qualitatively lower rating and as a direct effect, the determination of additional adjustments.

          ** the post-model adjustment has an impact in the forward-looking estimation area.

          In the context of negative evolution of inflation and interest rates, as well as the political and macroeconomic context conflict, financial markets have been moderately volatile, generating short-term challenges in cash-flow management and also variations in mark to market. The Group and the Bank stands on a comfortable position of liquidity, therefore the market disruptions didn't seriously affected them. The financial instruments measured at fair value of the Group and the Bank consist of bonds, equities, collective investment units and derivatives, whose valuation was affected by market volatilities, reserves registering a downward trend, remaining in the negative zone. The most significant part of the trading book is represented by bonds, of which the majority are kept at fair value through other comprehensive income, thus allowing that market-to-market impact to be observable in other comprehensive income and not in Consolidated and Separate Statement of Profit or Loss. At the same time, the Group and the Bank hold, outside the trading portfolio (the banking portfolio), financial instruments (securities) held mainly for liquidity purposes and as a source of collateral for Lombard and stand-by facilities, as well as to ensure a secure source of income.

      2. Risk provisions for abusive clauses and litigation

        The provision for abusive clauses is an estimated amount for potential litigations facing the Bank derived from the retail credit contracts inherited following the mergers performed. The provision is periodically reviewed by the Bank by incorporating historical data regarding new litigations in the last years and the loss probability for such cases. The last review for abusive clauses provision has been performed as of December 31, 2025 when the Bank adjusted the provision based on the trend of such new litigations and the probability loss estimated at this date.

      3. Other significant litigation

        The Bank's subsidiary, Victoriabank S.A., was notified on July 6, 2020 that it is being investigated in a case instrumented by the Prosecutor's Office of the Republic of Moldova, and on August 6, 2020, a precautionary seizure was placed on some of the subsidiary's assets in order to cover the claims in the file - amounting to approximately RON 450 million in equivalent.

        Given the nature of the case and the legal limitations related to the investigation, the Bank and its subsidiary possesses limited information about this case, by also considering the lawyers' analysis of the content of the indictment related to these investigations. Given the stage of the investigation, that relates to a period before the Bank was a shareholder of the subsidiary, the Bank and the Group did not recognize a provision for this case, but will monitor the evolution of the topic at each reporting date, in accordance with the relevant provisions of the accounting regulations. For other significant litigation and regulatory enforcement matters, the Group believes the possibility of an outflow of funds is more than remote but less than probable but the amount is not reliably estimable, and accordingly such matters are not included in the contingent liability estimates.

        Notes to the Interim Condensed Consolidated and Separate Financial Statements 1. Reporting entity and basis of preparation (continued)

        e) Use of estimates and judgements (continued)

      4. New classification by economic sectors used in financial reporting

        Starting January 1, 2025, the Group and the Bank have implemented the amendment of the CAEN codes according to Government Decision no. 284/2025, which transposes into Romanian law the new version of the classification of economic activities - CAEN Rev. 3, aligned with NACE Rev. 2.1. This change led to the restructuring of the economic sectors used in consolidated and separate financial statements, their number increasing, as a result of a more detailed presentation of the economic sectors.

        The new classification is used in all analyses and presentations by economic sectors in the consolidated and separate financial statements, including:

        • analysis of credit risk exposures

        • presentation of loan portfolio concentration and expected losses

        • presentation of the structure of deposits attracted from customers by business segment, where relevant for the analysis of financing risks.

  2. Material accounting policies

    The significant accounting methods and policies applied by the Bank and the Group entities in these interim consolidated and separate statement are the ones also applied in the Consolidated and separate financial statements as at and for the fiscal year ended December 31, 2025, with the following exceptions:

    1. Amended IFRS accounting standard effective for the current year

      In the current year, the Group and the Bank have applied the following amendments to IFRS Accounting Standards issued by the International Accounting Standards Board (IASB) and adopted by the EU that are mandatorily effective for reporting period that begins on or after 1 January 2026.

      Amendments to IFRS 9 and IFRS 7 - Amendments to the Classification and Measurement of Financial Instruments issued by IASB on 30 May 2024. Amendments clarify the classification of financial assets with environmental, social and corporate governance (ESG) and similar features. Amendments also clarify the date on which a financial asset or financial liability is derecognised and introduce additional disclosure requirements regarding investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features.

      Amendments to IFRS 1, IFRS 7, IFRS 9, IFRS 10 and IAS 7 - Annual Improvements to IFRS Accounting Standards - Volume 11 issued by IASB on 18 July 2024. These amendments include clarifications, simplifications, corrections and changes in the following areas: (a) hedge accounting by a first-time adopter (IFRS 1); (b) gain or loss on derecognition (IFRS 7); (c) disclosure of deferred difference between fair value and transaction price (IFRS 7); (d) introduction and credit risk disclosures (IFRS 7); (e) lessee derecognition of lease liabilities (IFRS 9); (f) transaction price (IFRS 9); (g) determination of a 'de facto agent' (IFRS 10); (h) cost method (IAS 7).

    2. New and amended IFRS accounting standards adopted by the EU but not yet effective

    At the date of authorization of these financial statements, the Group and the Bank have not applied the following new IFRS Accounting Standard that have been issued by IASB and adopted by EU but is not yet effective:

    IFRS 18 Presentation and Disclosures in Financial Statements issued by IASB on 9 April 2024 will replace IAS 1 Presentation of Financial Statements. Standard introduces three sets of new requirements to improve companies' reporting of financial performance and give investors a better basis for analysing and comparing companies.

    Notes to the Interim Condensed Consolidated and Separate Financial Statements
    1. Material accounting policies (continued)

      1. New and revised IFRS accounting standards adopted by the EU but not yet effective

        (continued)

        The main changes in the new standard compared with IAS 1 comprise: (a) The introduction of categories (operating, investing, financing, income tax and discontinued operations) and defined subtotals in the statement of profit or loss; (b) the introduction of requirements to improve aggregation and disaggregation; (c) The introduction of disclosures on Management-defined Performance Measures (MPMs) in the notes to the financial statements.

      2. New and amended IFRS accounting standards in issue but not adopted by the EU

      At present, IFRS accounting standards as adopted by the EU do not significantly differ from IFRS Accounting Standards issued by the International Accounting Standards Board (IASB) except for the following new IFRS Accounting Standard and amendments to the existing IFRS Accounting Standards, which were not adopted by the EU as at the date of authorization of these financial statements.

      IFRS 19 Subsidiaries without Public Accountability: Disclosures issued by IASB on 9 May 2024 and amended by IASB on 21 August 2025. Standard permits a subsidiary to provide reduced disclosures when applying IFRS Accounting Standards in its financial statements. IFRS 19 is optional for subsidiaries that are eligible and sets out the disclosure requirements for subsidiaries that elect to apply it.

      IFRS 14 Regulatory Deferral Accounts issued by IASB on 30 January 2014. This standard is intended to allow entities that are first-time adopters of IFRS, and that currently recognise regulatory deferral accounts in accordance with their previous GAAP, to continue to do so upon transition to IFRS.

      Amendments to IFRS 10 Consolidated Financial Statements and IAS 28 Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture issued by IASB on 11 September 2014. The amendments address a conflict between the requirements of IAS 28 and IFRS 10 and clarify that in a transaction involving an associate or joint venture the extent of gain or loss recognition depends on whether the assets sold or contributed constitute a business.

      The Group and the Bank do not expect that the adoption of the accounting standards listed above will have a material impact on the financial statements. Hedge accounting for a portfolio of financial assets and liabilities whose principles have not been adopted by the EU remains unregulated. According to the Group and the Bank estimates, the application of hedge accounting to a portfolio of financial assets or liabilities pursuant to IAS 39: Financial Instruments: Recognition and Measurement would not significantly impact the financial statements, if applied as at the balance sheet date.

      Notes to the Interim Condensed Consolidated and Separate Financial Statements
    2. Segment reporting

      The Group segment reporting is based on components of entity that the management monitors in making decisions. The business segments are presented in a manner which is consistent with the internal reporting documentation submitted to the Leaders' Committee.

      The Leaders' Committee, with the assistance of the Board of Directors, is responsible for the allocation of resources and the assessment of the business segments' performance, being considered as an operational decision-making factor.

      The reporting format is based on the internal management reporting format. All items of assets and liabilities, incomes and expenses are allocated to the business segments either directly or based on reasonable criteria established by the management. The clients of Victoriabank S.A. and Salt Bank

      S.A. are classified according to the Bank's standards. The segment "Leasing and loans to non-banking financial institutions" includes the leasing and consumer finance companies, as described in Note 1. The remaining non-banking subsidiaries are included in the segment "Other-Group". The "Removals & Adjustments" segment comprises intra-group operations.

      The business segments are organized and managed separately, depending on the nature of products and services provided, each segment being specialized on certain products and operating on different markets.

      A business segment is a component of the Group and of the Bank:

      • That engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses related to transactions with other components of the same entity);

      • The operating results of which are reviewed regularly by the entity's decision maker in order to

        make decisions about resources to be allocated to the segment and to assess its performance;

      • For which distinct financial information is available. The segment reporting of the Group is described below:

    Large Corporate Clients ("LaCo"): The Group and the Bank include in this category mainly companies/group of companies with an annual turnover exceeding RON 200 million, as well as legal entities created to serve a particular function (SPV), public entities and financial institutions included in this category based on specific classification criteria. The companies in this category usually have specific and sophisticated needs. Through its centralized and customized approach, the Bank seeks to ensure high operational efficiency, a prompt assessment of the specific needs of this type of clients in order to offer the appropriate customized solutions, but also an in-depth perspective of the risk profile in order to maintain a high quality loan portfolio.

    The Large Corporate clients have access to an all-inclusive package of banking products and services, the incomes generated by this segment resulting from lending operations, current business operations (transaction banking, treasury, trade finance and retail products) and other related services (leasing, asset management, consultancy on mergers and acquisitions, capital market advisory services). Through the services provided, the Bank aims at extending its cooperation to the business partners of the LaCo segment - clients/suppliers/employees - by focusing on the increase of non-risk income.

    Medium Corporate Customers ("MidCo"): The Group and the Bank include in this category, mainly the companies with an annual turnover between RON 20 and 200 million. By setting such value thresholds in the classification of MidCo clients, the Bank is able to address the most frequent requests coming from this category of clients: tailored financing solutions, access to a wide range of banking services, pricing based on financial performance, dedicated and flexible relationship management, operational agility. Depending on the activity type, the customized approach related to customers is supported by two existent specializations, notably Agribusiness and Healthcare.

    Notes to the Interim Condensed Consolidated and Separate Financial Statements 3. Segment reporting (continued)

    The MidCo segment includes also entities operating in the public sector, financial institutions or legal entities serving particular functions, included in this category based on specific classification criteria. The Bank offers a full range of financial services to its Mid Corporate clients, including lending facilities, current operations, treasury services, but also additional services such as bonus packages for employees, structured finance, co-financing of EU funded projects; the Bank also facilitates the access to the services provided by the Group subsidiaries, such as bancassurance, consultancy on mergers and acquisitions, asset management, financial and operating lease, with the purpose to increase its profitability and non-risk income.

    SME clients: companies with an annual turnover between RON 3 and 20 million. These are companies that have undergone the incipient growth stages and whose business activity requires further attention. Consequently, the needs of such companies become more specific, with priority for financing.

    Micro Business clients: company customers with an annual turnover of up to RON 3 million. This category comprises the largest number of companies and the most diverse types of entities, such as limited liability companies, freelancers, sole proprietorships, etc.

    Micro Business clients (continued): The business lifespan (many such clients are fresh companies), the entrepreneur's expertise and the market on which the company operates generate certain needs that the Group and the Bank attempt to serve through product and service packages dedicated to this category of customers, which have become a hallmark in the banking sector over the years.

    Lending products are accessed more frequently as the Micro or SME business takes shape: loans for working capital or investments, letters of guarantee, EU project co-financing, credit cards, leasing, invoice discounting or factoring.

    Another important category of products refers to general operations, incoming and outgoing payments, cheques, promissory notes, FX operations, salary payment agreements or bancassurance services. Increased attention is given to the digitalization of our products and services, our clients showing more and more interest in internet & mobile banking, e-commerce, last generation POSs and the integration of financial data in the proprietary accounting systems.

    Retail customers: The Group and the Bank provides a wide range of banking products and services to individuals, differentiated by several customer segments, from children, students, employees from the public or private sector, seniors, as well as the Premium and Private Banking segments. The Group's and the Bank's offer includes transactional banking products, current account subscriptions, bancassurance products, a diversified offer of debit and credit cards, deposits and savings accounts, consumer loans and mortgages, as well as access to the larger network of ATMs and partner merchants through the "STAR" loyalty program. Also, the Group and the Bank, together with their partners, offer private clients access to a wide range of investments (investment funds, government securities and bonds), pensions, car leasing.

    The retail products of the Group and the Bank are accessible to customers through a mix of distribution channels, through the Bank's network of agencies, through digital channels and especially through the BT Pay application. The Bank's retail strategy aims at the continuous development of digital flows that involve simpler interaction, the origination of new products and services, speed and efficiency, as well as the communication and servicing of customers from a distance, through solutions that allow them direct and immediate access to information. The Group and the Bank support financial inclusion and will continue their efforts to ensure all segments of the population have access to banking products and services in general.

    Notes to the Interim Condensed Consolidated and Separate Financial Statements 3. Segment reporting (continued)

    Treasury: The Group and the Bank comprise in this category the treasury services.

    Leasing and consumer finance granted by non-banking financial institutions: The Group includes in this category financial products and services such as lease facilities, consumer loans and microfinance provided by the non-banking financial institutions of the Group.

    Other: The Group and the Bank incorporate in this category the services offered by other financial entities within the Group: asset management, brokerage, factoring and real estate, as well as elements that fall outside existing categories and result from financial and strategic decisions taken at central level.

    In terms of geographical distribution, the Group and the Bank cover mainly the Romanian territory, except for the Italy branch operations linked to the Bank while at the Group level there is the banking activity of Victoriabank S.A., the financial lease activity of BT Leasing MD S.R.L.; however, the impact of these entities on the balance sheet and income statement is not material at Group level. There is no further information regarding the geographical distribution used by the management of the Group and the Bank; therefore it is not presented here.

    As at March 31, 2026 and March 31, 2025, the Group or the Bank did not record income exceeding 10% of total income in relation to a single customer.

    Notes to the Interim Condensed Consolidated and Separate Financial Statements
  3. Segment reporting (continued)

The table below presents financial information per segments regarding the consolidated statement of financial position for the periods ended at March 31, 2026, and comparative data for December 31, 2025:

Business segments as at March 31, 2026

Group

In RON thousand

Gross loans and finance lease

Large Corporate

Mid Corporate

SME

Micro

Retail

Treasury

financial institutions

Other -Group

& adjustments

Total

receivables

36,599,046

14,881,020

7,763,263

6,921,532

45,638,140

-

11,739,684

8,010

(7,675,755)

115,874,940

Provisions for principal

(1,496,590)

(1,320,160)

(804,598)

(779,919)

(2,015,119)

-

(767,312)

(569)

180,093

(7,004,174)

Loans and finance lease receivables net of provisions

35,102,456

13,560,860

6,958,665

6,141,613

43,623,021

-

10,972,372

7,441

(7,495,662)

108,870,766

Portfolio of Debt instruments, Equity instruments and Derivative instruments, net of provisions

-

-

-

-

-

70,444,276

320

945,996

(548,157)

70,842,435

Treasury and inter-bank operations

-

-

-

-

-

39,273,771

754,127

1,621,429

(1,113,022)

40,536,305

Property and equipment and investment property,

Intangible assets and goodwill

70,891

250,295

209,494

482,051

1,429,798

155,341

221,634

534,002

19,548

3,373,054

Right-of-use assets

16,799

56,426

44,452

113,395

311,618

29,195

59,809

8,010

(49,691)

590,013

Other assets

1,062,503

635,795

341,410

267,392

1,892,783

26,037

200,045

713,098

(2,386,254)

2,752,809

Total assets

36,252,649

14,503,376

7,554,021

7,004,451

47,257,220

109,928,620

12,208,307

3,829,976

(11,573,238)

226,965,382

Deposits and current accounts

14,299,233

13,032,875

9,439,357

24,110,185

116,041,503

349,785

-

12,716

(1,112,431)

176,173,223

Loans from banks and other financial institutions

99,969

279,559

41,838

11,476

149

1,944,704

9,500,839

12,815,695

(7,653,337)

17,040,892

Subordinated liabilities

-

-

-

-

-

2,683,105

-

-

1,813

2,684,918

Lease liabilities

161,491

83,616

48,647

40,196

269,703

3,585

59,647

8,189

(49,455)

625,619

Other liabilities

1,276,731

728,218

369,481

307,224

2,061,212

20,954

301,588

1,273,770

32,248

6,371,426

Total liabilities

15,837,424

14,124,268

9,899,323

24,469,081

118,372,567

5,002,133

9,862,074

14,110,370

(8,781,162)

202,896,078

Equity and related items

-

-

-

-

-

-

-

24,069,304

-

24,069,304

Total liabilities and equity

15,837,424

14,124,268

9,899,323

24,469,081

118,372,567

5,002,133

9,862,074

38,179,674

(8,781,162)

226,965,382

Leasing and consumer loans granted by non-banking

Intra-group eliminations

Notes to the Interim Condensed Consolidated and Separate Financial Statements 3. Segment reporting (continued)

Business segments as at December 31, 2025

Group

In RON thousand

Gross loans and finance lease

Large Corporate

Mid Corporate

SME

Micro

Retail

Treasury

by non-banking financial institutions

Other -Group

Intra-group eliminations

adjustments

Total

receivables

35,960,353

14,433,710

7,257,290

6,763,537

44,858,886

-

11,488,665

8,107

(7,426,300)

113,344,248

Provisions for principal

(1,400,013)

(1,284,168)

(748,045)

(738,457)

(1,923,409)

-

(717,708)

(519)

177,977

(6,634,342)

Loans and finance lease receivables net of provisions

34,560,340

13,149,542

6,509,245

6,025,080

42,935,477

-

10,770,957

7,588

(7,248,323)

106,709,906

Portfolio of Debt instruments, Equity instruments and Derivative instruments, net of provisions

-

-

-

-

-

68,888,403

220

862,468

(543,242)

69,207,849

Treasury and inter-bank operations Property and equipment and investment property, Intangible assets and goodwill

-

69,515

-

234,251

-

213,420

-

489,761

-

1,403,076

40,937,473

162,814

600,764

224,517

1,659,230

330,751

(1,145,898)

8,610

42,051,569

3,136,715

Right-of-use assets

16,836

53,219

44,185

118,492

310,132

28,838

60,902

5,991

(49,392)

589,203

Other assets

1,058,190

628,426

332,218

262,498

1,883,758

39,527

186,226

607,596

(2,279,984)

2,718,455

Total assets

35,704,881

14,065,438

7,099,068

6,895,831

46,532,443

110,057,055

11,843,586

3,473,624

(11,258,229)

224,413,697

Deposits and current accounts

11,570,680

13,568,152

10,235,495

25,033,670

115,939,342

340,004

-

9,781

(1,145,467)

175,551,657

Loans from banks and other financial institutions

101,019

305,845

36,790

10,162

156

2,222,260

9,336,753

12,514,235

(7,404,419)

17,122,801

Subordinated liabilities

-

-

-

-

-

2,641,443

-

-

1,834

2,643,277

Lease liabilities

163,216

83,031

44,997

40,102

270,552

4,603

60,816

6,156

(49,107)

624,366

Other liabilities

981,433

568,906

283,500

229,883

1,599,317

27,815

237,387

1,221,512

24,052

5,173,805

Total liabilities

12,816,348

14,525,934

10,600,782

25,313,817

117,809,367

5,236,125

9,634,956

13,751,684

(8,573,107)

201,115,906

Equity and related items

-

-

-

-

-

-

-

23,297,791

-

23,297,791

Total liabilities and equity

12,816,348

14,525,934

10,600,782

25,313,817

117,809,367

5,236,125

9,634,956

37,049,475

(8,573,107)

224,413,697

Leasing and consumer loans granted

&

Notes to the Interim Condensed Consolidated and Separate Financial Statements 3. Segment reporting (continued)

The table below presents financial information per segments regarding the consolidated statement of the operating profit before net expenses with the impairment allowance for loans and advances to customers, for the periods ended at March 31, 2026, and comparative data for March 31, 2025:

Business segments as at March 31, 2026

Group

In RON thousand

Large Corporate

Mid Corporate

SME

Micro

Retail

Treasury

banking financial institutions

Other -Group

& adjustments

Total

Net interest income

269,120

157,653

129,198

240,640

702,500

289,251

294,386

(14,853)

3,525

2,071,420

Net commission income

27,279

30,362

30,785

124,185

174,435

(407)

5,437

51,968

(4,389)

439,655

Net trading income

Net gain from financial assets measured through other items of comprehensive income

6,011

-

19,716

-

23,016

-

41,344

-

82,691

-

78,245

43,806

9,769

-

54,832

42,084

(19)

-

315,605

85,890

Net (loss)/Net gain from financial assets which are required to be measured through profit or loss

-

-

-

-

-

(11,530)

-

5,235

(2,358)

(8,653)

Contribution to the Bank Deposit

Guarantee Fund and to the Resolution Fund

-

(909)

(712)

-

(1,846)

-

-

-

-

(3,467)

Other operating income

2,084

10,180

3,968

10,995

113,623

9,018

10,909

35,310

(13,928)

182,159

Total income

304,494

217,002

186,255

417,164

1,071,403

408,383

320,501

174,576

(17,169)

3,082,609

Personnel expenses

(31,040)

(85,126)

(68,397)

(134,360)

(371,012)

(22,029)

(58,800)

(16,358)

11

(787,111)

Other operating expenses

(32,104)

(49,794)

(41,023)

(88,705)

(251,502)

(66,202)

(30,260)

(7,493)

8,451

(558,632)

Depreciation and amortization

(3,581)

(13,097)

(11,386)

(24,218)

(73,074)

(7,872)

(10,575)

144

3,306

(140,353)

Total Expenses

(66,725)

(148,017)

(120,806)

(247,283)

(695,588)

(96,103)

(99,635)

(23,707)

11,768

(1,486,096)

Operating result before net expenses with provisions for

assets, other risks and commitments

237,769

68,985

65,449

169,881

375,815

312,280

220,866

150,869

(5,401)

1,596,513

Net expenses with provisions for assets, other risks and

commitments

(82,874)

(16,583)

(43,692)

(21,017)

(37,297)

(1,182)

(46,296)

(2,983)

2,899

(249,025)

Profit before income tax

154,895

52,402

21,757

148,864

338,518

311,098

174,570

147,886

(2,502)

1,347,488

Leasing and consumer loans granted by non-

Intra-group eliminations

Notes to the Interim Condensed Consolidated and Separate Financial Statements
  1. Segment reporting (continued)

    Business segments as at March 31, 2025

    Group

    In RON thousand

    Large Corporate

    Mid Corporate

    SME

    Micro

    Retail

    Treasury

    banking financial institutions

    Other -Group

    & adjustments

    Total

    Net interest income

    248,426

    185,661

    124,154

    219,757

    693,284

    219,746

    195,996

    71,372

    3,126

    1,961,522

    Net commission income

    26,966

    30,688

    24,271

    117,633

    153,574

    (3,015)

    5,055

    31,172

    (4,059)

    382,285

    Net trading income

    Net gain from financial assets measured through other items of comprehensive income

    4,646

    -

    15,259

    -

    19,511

    -

    35,150

    -

    70,080

    -

    72,212

    1,922

    6,422

    -

    20,709

    1,835

    608

    -

    244,597

    3,757

    Net loss (-)/Net gain from financial

    assets which are required to be measured through profit or loss

    -

    -

    -

    -

    -

    43,513

    -

    208

    (752)

    42,969

    Contribution to the Bank Deposit Guarantee Fund and to the Resolution Fund

    (5,635)

    (8,587)

    (6,012)

    (13,665)

    (61,791)

    (426)

    -

    -

    -

    (96,116)

    Other operating income

    4,496

    5,750

    5,745

    10,241

    83,205

    2,416

    8,388

    30,176

    (31,514)

    118,903

    Total income

    278,899

    228,771

    167,669

    369,116

    938,352

    336,368

    215,861

    155,472

    (32,591)

    2,657,917

    Personnel expenses

    (28,462)

    (76,916)

    (62,783)

    (124,196)

    (345,875)

    (23,510)

    (39,733)

    (20,612)

    16

    (722,071)

    Other operating expenses

    (23,887)

    (41,634)

    (35,721)

    (69,514)

    (249,989)

    (47,336)

    (21,520)

    (16,531)

    9,603

    (496,529)

    Depreciation and amortization

    (3,686)

    (11,987)

    (11,335)

    (24,227)

    (73,358)

    (8,197)

    (7,233)

    (2,596)

    5,893

    (136,726)

    Total Expenses

    (56,035)

    (130,537)

    (109,839)

    (217,937)

    (669,222)

    (79,043)

    (68,486)

    (39,739)

    15,512

    (1,355,326)

    Operating result before net expenses with provisions for assets, other risks and

    commitments

    222,864

    98,234

    57,830

    151,179

    269,130

    257,325

    147,375

    115,733

    (17,079)

    1,302,591

    Net expenses with provisions for

    assets, other risks and commitments

    (56,147)

    (107,016)

    (43,421)

    (26,787)

    (46,130)

    (11,042)

    5,292

    (983)

    (4,670)

    (290,904)

    Profit before income tax

    166,717

    (8,782)

    14,409

    124,392

    223,000

    246,283

    152,667

    114,750

    (21,749)

    1,011,687

    Leasing and consumer loans granted by non-

    Intra-group eliminations

    Notes to the Interim Condensed Consolidated and Separate Financial Statements
  2. Fair value of financial assets and liabilities

    Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the date of the valuation.

    The Group and the Bank determine the fair value of financial instruments using valuation techniques that are appropriate according to circumstances and classify the valuations within the fair value hierarchy established by IFRS 13, depending on the nature and degree of observability of the input data used.

    Fair value hierarchy

    The fair value hierarchy comprises the following levels:

    • Level 1 - quoted prices (unadjusted) for identical assets or liabilities, available in active markets, to which the entity has access at the measurement date; this level reflects the most objective and verifiable assessment of fair value, based solely on directly observable data.

    • Level 2 - observable inputs, directly or indirectly, other than quoted prices included in Level 1, such as prices for similar instruments, interest rates, yield curves, credit spreads or other market data that can be corroborated;

    • Level 3 - unobservable inputs, used when there is not sufficient relevant market data available that reflect the assumptions that market participants would use in pricing the asset or liability.

      The classification of a financial instrument in a particular level of the fair value hierarchy is based on the lowest level of significant inputs used in the measurement. Accordingly, if the fair value measurement uses significant unobservable inputs, it is classified as Level 3, even if observable inputs are also used.

      The objective of valuation techniques is to determine a fair value that reflects the price that would be obtained in an orderly transaction between market participants, under normal market conditions, at the date of preparation of the financial statements.

      The availability of observable market data reduces the need to use management estimates and judgment and, implicitly, the uncertainty associated with determining fair value. The degree of observability of market data depends on the type of financial instrument and the market conditions existing at the reporting date.

      1. Fair value hierarchy analysis of financial instruments held at fair value

        To determine the hierarchy level of the fair value, the Group and the Bank apply classification criteria in accordance with IFRS 13, taking into account both direct observations of prices and transactions of the respective instrument, as well as observations on comparable instruments, when these are relevant for deriving a market price.

        The valuation techniques used include, but are not limited to:

    • prices and quotes obtained from specialized platforms or from third parties;

    • models based on prices of instruments with similar characteristics;

    • models based on relevant interest and yield curves;

    • methods of discounting future cash flows;

    • other generally accepted economic methodologies.

Level 1

Level 1 includes financial instruments for which the fair value is determined based on unadjusted quoted prices in active markets for identical instruments. These include, primarily, equity instruments and certain debt instruments traded in active markets.

Notes to the Interim Condensed Consolidated and Separate Financial Statements 4. Fair value of financial assets and liabilities

i) Fair value hierarchy analysis of financial instruments held at fair value (continued)

Level 2

Financial instruments for which fair value is determined using observable inputs other than quoted prices for identical instruments are classified within Level 2. These include, primarily, derivatives and certain bonds for which valuation is based on prices or yields of similar instruments, yield curves and other observable market data. The valuation models used for these instruments primarily use observable inputs and require a limited level of management judgment.

Level 3

Financial instruments for which fair value measurement involves the use of significant unobservable inputs are classified within Level 3. These include, among others, certain equity instruments, property, plant and equipment, investment property and certain debt instruments.

For these instruments, fair value is determined using valuation techniques that are based on assumptions about future cash flows, adjustments for credit risk and liquidity, and other relevant assumptions that reflect how market participants would value these instruments.

In certain cases, management has assessed that the carrying amount of certain financial assets and liabilities represents a reasonable approximation of fair value. This assessment is based on the fact that the carrying amount already includes significant adjustments for credit risk, expected losses and other relevant factors that are considered to be consistent with the assumptions used by market participants. As a result of the use of significant unobservable inputs, these instruments are classified within Level 3 of the fair value hierarchy.

Property, plant and equipment and investment property are classified within Level 3 of the fair value hierarchy, as their measurement involves the use of significant unobservable inputs. Fair value is determined based on valuation reports prepared by external, independent and appropriately qualified valuers using generally accepted valuation techniques.

The key unobservable inputs used in the valuation process include, depending on the nature of the asset, discount rates, capitalization yields, long-term growth assumptions, market rents, vacancy rates and estimates of future cash flows. These inputs reflect management's assessment of the assumptions that market participants would use in determining the fair value of the assets at the reporting date.

Transfers between levels of the fair value hierarchy

During the financial year, transfers between levels of the fair value hierarchy occurred, determined by changes in the degree of observability of the input data used in the valuation, namely the appearance or disappearance of observable market quotations and changes in the liquidity of the respective instruments. These transfers did not have a significant impact on the consolidated and separate financial statements.

4. Fair value of financial assets and liabilities (continued)

i) Fair value hierarchy analysis of financial instruments carried at fair value

(continued)

The table below presents the financial instruments measured at fair value in the statement of financial position, at the end of the reporting period, by fair value levels:

Group

In RON thousand

March 31, 2026

Financial assets held for trading and measured at fair value

Level 1 - Quoted market prices

in active markets

Level 2 -Valuation techniques -observable

inputs

Level 3 -Valuation techniques -unobservable

inputs Total

through profit or loss, of which:

415,464

219,228

5,404

640,096

- Equity instruments

415,464

-

-

415,464

- Debt instruments

-

219,228

5,404

224,632

Derivatives

-

158,193

-

158,193

Financial assets measured at fair value through other items

of comprehensive income

26,747,295

66,277

445,240

27,258,812

- Equity instruments

204,025

-

80,912

284,937

- Debt instruments

26,543,270

66,277

364,328

26,973,875

Financial assets which are required to be measured at fair

value through profit or loss, of which:

1,083,028

311,078

495,017

1,889,123

- Equity instruments

350,648

-

11,098

361,746

- Debt instruments

732,380

311,078

483,919

1,527,377

Total financial assets measured at fair value in the statement

of financial position

28,245,787

754,776

945,661

29,946,224

Non-financial assets at fair value

-

-

1,923,702

1,923,702

- Property and equipment and investment property

-

-

1,923,702

1,923,702

Total assets measured at fair value in the statement of

financial position

28,245,787

754,776

2,869,363

31,869,926

Financial liabilities held-for-trading

-

200,751

-

200,751

December 31, 2025

Financial assets held for trading and measured at fair value

through profit or loss, of which:

383,192

203,320

5,343

591,855

- Equity instruments

383,192

-

-

383,192

- Debt instruments

-

203,320

5,343

208,663

Derivatives

-

145,824

-

145,824

Financial assets measured at fair value through other items

of comprehensive income

34,146,028

105,324

374,392

34,625,744

- Equity instruments

184,087

-

79,418

263,505

- Debt instruments

33,961,941

105,324

294,974

34,362,239

Financial assets which are required to be measured at fair

value through profit or loss, of which:

1,118,026

281,328

505,266

1,904,620

- Equity instruments

396,061

-

12,575

408,636

- Debt instruments

721,965

281,328

492,691

1,495,984

Total financial assets measured at fair value in the statement

of financial position

35,647,246

735,796

885,001

37,268,043

Non-financial assets at fair value

-

-

1,711,134

1,711,134

- Property and equipment and investment property

-

-

1,711,134

1,711,134

Total assets measured at fair value in the statement of

financial position

35,647,246

735,796

2,596,135

38,979,177

Financial liabilities held-for-trading

-

261,867

-

261,867

  1. Fair value of financial assets and liabilities (continued)

    1. Fair value hierarchy analysis of financial instruments carried at fair value

      (continued)

      Bank

      Level 1 -Quoted market prices

      in active

      Level 2 -Valuation techniques -observable

      Level 3 -Valuation techniques -unobservable

      In RON thousand markets

      March 31, 2026

      inputs

      inputs

      Total

      Financial assets held for trading and measured at

      fair value through profit or loss, of which: 24,782

      -

      -

      24,782

      - Equity instruments 24,782

      -

      -

      24,782

      Derivatives -

      168,033

      -

      168,033

      Financial assets measured at fair value through other items of comprehensive income

      25,884,175

      64,499

      390,277

      26,338,951

      - Equity instruments

      -

      -

      25,949

      25,949

      - Debt instruments

      Financial assets which are required to be

      25,884,175

      64,499

      364,328

      26,313,002

      measured at fair value through profit or loss, of

      which:

      897,833

      1,303,593

      495,017

      2,696,443

      - Equity instruments

      350,648

      -

      11,098

      361,746

      - Debt instruments

      547,185

      1,303,593

      483,919

      2,334,697

      Total financial assets measured at fair value in the

      statement of financial position

      26,806,790

      1,536,125

      885,294

      29,228,209

      Non-financial assets at fair value

      -

      -

      1,247,555

      1,247,555

      - Property and equipment and investment property

      -

      -

      1,247,555

      1,247,555

      Total assets measured at fair value in the

      statement of financial position

      26,806,790

      1,536,125

      2,132,849

      30,475,764

      Financial liabilities held-for-trading

      -

      202,235

      -

      202,235

      December 31, 2025

      Financial assets held for trading and measured at

      fair value through profit or loss, of which:

      22,330

      -

      -

      22,330

      - Equity instruments

      22,330

      -

      -

      22,330

      Derivatives

      -

      150,642

      -

      150,642

      Financial assets measured at fair value through

      other items of comprehensive income

      33,426,460

      103,360

      320,923

      33,850,743

      - Equity instruments

      -

      -

      25,948

      25,948

      - Debt instruments

      Financial assets which are required to be

      33,426,460

      103,360

      294,975

      33,824,795

      measured at fair value through profit or loss, of

      which:

      930,708

      1,209,610

      505,266

      2,645,584

      - Equity instruments

      396,061

      -

      12,575

      408,636

      - Debt instruments

      534,647

      1,209,610

      492,691

      2,236,948

      Total financial assets measured at fair value in the

      statement of financial position

      34,379,498

      1,463,612

      826,189

      36,669,299

      Non-financial assets at fair value

      -

      -

      1,227,878

      1,227,878

      - Property and equipment and investment property

      -

      -

      1,227,878

      1,227,878

      Total assets measured at fair value in the

      statement of financial position

      34,379,498

      1,463,612

      2,054,067

      37,897,177

      Financial liabilities held-for-trading

      -

      263,550

      -

      263,550

      4. Fair value of financial assets and liabilities (continued)

    2. Financial instruments not carried at fair value

At level 1 in the fair value hierarchy, the Group and the Bank included in the category of assets that are not held at fair value: financial assets at amortized cost - debt instruments, represented by bonds issued by central administrations and credit institutions.

At level 2 in the fair value hierarchy, the Group and the Bank included in the category of assets that are not held at fair value: placements with banks, financial assets measured at amortized cost - debt instruments and in the category of liabilities: deposits from banks and from customers.

At level 3 in the fair value hierarchy, the Group and the Bank included in the category of assets: loans and advances and finance lease receivables and other financial assets; and in the category of liabilities: loans from banks and other financial institutions, subordinated loans and other financial liabilities.

The table below presents the fair value and the fair value hierarchy for the financial assets and liabilities that are not measured at fair value in the statement of financial position at March 31, 2026:

Carrying

Group Bank

Fair value hierarchy Fair value hierarchy

Carrying

In RON thousand Notes

amount Fair value

Level 1 Level 2 Level 3

amount Fair value Level 1 Level 2 Level 3

Assets

Placements with banks and public institutions

17

9,340,822

9,341,758

-

9,341,758

-

7,261,697

7,262,633

-

7,262,633

-

Loans and advances to customers

19

102,545,437

103,336,815

-

-

103,336,815

101,493,301

101,293,753

-

-

101,293,753

Finance lease receivables Financial assets at amortized cost - debt

instruments

20

21

6,325,329

40,896,211

6,600,142

40,973,417

-

33,108,167

-

4,860,817

6,600,142

3,004,433

-

38,805,307

-

38,846,326

-

32,996,804

-

2,845,089

-

3,004,433

Other financial assets

22

2,022,379

2,025,656

-

-

2,025,656

1,813,374

1,814,071

-

-

1,814,071

Total assets 161,130,178 162,277,788 33,108,167 14,202,575 114,967,046 149,373,679 149,216,783 32,996,804 10,107,722 106,112,257

Liabilities

Deposits from banks

24

307,141

307,141

-

307,141

-

322,049

322,049

-

322,049

-

Deposits from customers Loans from banks and

other financial institutions

25

26

175,866,082

17,040,892

175,931,750

17,215,795

-

12,191,397

175,931,750

2,119,607

-

2,904,791

169,545,023

14,649,593

169,588,116

14,771,709

-

12,185,677

169,588,116

1,815,167

-

770,865

Subordinated liabilities

27

2,684,918

2,684,918

-

-

2,684,918

2,509,911

2,509,911

-

-

2,509,911

Lease liabilities

625,619

625,619

-

-

625,619

590,928

590,928

-

-

590,928

Other financial liabilities

29

4,571,093

4,571,093

-

-

4,571,093

3,138,213

3,138,213

-

-

3,138,213

Total liabilities

201,095,745

201,336,316

12,191,397

178,358,498

10,786,421

190,755,717

190,920,926

12,185,677

171,725,332

7,009,917

  1. Fair value of financial assets and liabilities (continued)

    1. Financial instruments not carried at fair value (continued)

    The table below presents the fair value and the fair value hierarchy for the financial assets and liabilities that are not measured at fair value in the statement of financial position at December 31, 2025:

    In RON thousand

    Assets

    Notes

    Carrying amount

    Fair value

    Group

    Fair Level 1

    value hierarch Level 2

    y

    Level 3

    Carrying amount

    Fair value

    Bank

    Fair Level 1

    value hierarchy

    Level 2 Level 3

    Placements with banks and public institutions

    17

    16,552,294

    16,552,678

    -

    16,552,678

    -

    14,476,281

    14,476,665

    -

    14,476,665

    -

    Loans and advances to customers

    19

    100,446,007

    101,067,577

    -

    -

    101,067,577

    99,691,081

    100,503,149

    -

    -

    100,503,149

    Finance lease receivables

    20

    6,263,899

    6,538,259

    -

    -

    6,538,259

    -

    -

    -

    -

    -

    Financial assets at amortized cost -debt instruments

    21

    31,939,806

    32,489,513

    28,648,465

    2,363,373

    1,477,675

    29,871,314

    30,382,684

    28,558,887

    346,122

    1,477,675

    Other financial assets

    22

    2,019,812

    2,023,089

    -

    -

    2,023,089

    1,826,066

    1,829,343

    -

    -

    1,829,343

    Total assets 157,221,818 158,671,116 28,648,465 18,916,051 111,106,600 145,864,742 147,191,841 28,558,887 14,822,787 103,810,167

    Liabilities

    Deposits from banks

    24

    301,847

    301,847

    -

    301,847

    -

    321,053

    321,053

    -

    321,053

    -

    Deposits from customers

    25

    175,249,810

    175,215,936

    -

    175,215,936

    -

    168,861,727

    168,845,245

    -

    168,845,245

    -

    Loans from banks and other financial institutions

    26

    17,122,801

    17,302,437

    11,975,497

    2,401,896

    2,925,044

    14,604,339

    14,771,894

    11,969,201

    2,028,200

    774,493

    Subordinated liabilities

    27

    2,643,277

    2,643,277

    -

    -

    2,643,277

    2,466,250

    2,466,250

    -

    -

    2,466,250

    Lease liabilities

    624,366

    624,366

    -

    -

    624,366

    595,633

    595,633

    -

    -

    595,633

    Other financial liabilities

    29

    3,446,704

    3,446,704

    -

    -

    3,446,704

    2,084,359

    2,084,359

    -

    -

    2,084,359

    Total liabilities 199,388,805 199,534,567 11,975,497 177,919,679 9,639,391 188,933,361 189,084,434 11,969,201 171,194,498 5,920,735

  2. Net interest income

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Interest income calculated using the effective interest method

    3,181,758

    2,940,835

    2,857,188

    2,598,668

    - Cash and current accounts with Central Banks

    at amortised cost

    212,415

    99,244

    203,814

    74,716

    - Placements with banks and public institutions

    at amortised cost

    139,479

    121,759

    126,198

    118,294

    - Loans and advances to customers at amortised

    cost

    2,068,151

    1,915,830

    1,818,230

    1,646,458

    - Debt instruments at fair value through other

    items of comprehensive income

    276,565

    481,610

    270,073

    473,953

    - Debt instruments at amortised cost

    485,149

    322,392

    438,873

    285,247

    Other similar income

    149,921

    156,202

    -

    -

    - Finance lease receivables

    149,921

    156,202

    -

    -

    Total interest income

    3,331,679

    3,097,037

    2,857,188

    2,598,668

    Interest expense related to financial liabilities measured at amortized cost

    1,255,855

    1,131,754

    1,184,631

    1,059,405

    - Deposits from banks

    696

    2,526

    804

    3,068

    - Deposits from customers

    933,912

    873,192

    906,094

    814,335

    - Loans from banks and other financial institutions

    321,247

    256,036

    277,733

    242,002

    Other similar expense

    4,404

    3,761

    4,223

    4,091

    - Lease liabilities

    4,404

    3,761

    4,223

    4,091

    Total interest expense

    1,260,259

    1,135,515

    1,188,854

    1,063,496

    Net interest income

    2,071,420

    1,961,522

    1,668,334

    1,535,172

    Interest income as at March 31, 2026 includes the net interest income on impaired financial assets amounting RON 99,996 thousand (March 31, 2025: RON 115,070 thousand) for the Group and RON 57,250 thousand (March 31, 2025: RON 56,330 thousand) for the Bank.

    The interest income and expense related to the financial assets and liabilities, other than those held at fair value through profit or loss, are determined using the effective interest rate method.

  3. Net fee and commission income

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Fee and commission income Commissions from treasury and inter-bank operations

    98,216

    88,937

    98,218

    88,992

    Client transactions (i)

    568,694

    506,706

    497,870

    428,843

    Lending activity (ii)

    4,559

    5,891

    4,071

    3,273

    Asset management (iii)

    28,223

    15,338

    -

    -

    Other fee and commission income

    10,733

    2,008

    129

    126

    Total fee and commission income from contracts with customers

    710,425

    618,880

    600,288

    521,234

    Fee income from financial guarantee contracts (iv)

    21,614

    21,917

    21,212

    18,800

    Total fee and commission income

    732,039

    640,797

    621,500

    540,034

    Fee and commission expense

    Commissions from treasury and inter-bank

    202,741

    174,822

    175,173

    145,739

    Client transactions

    70,451

    68,596

    57,419

    51,171

    Lending activity (ii)

    17,727

    14,377

    21,018

    17,579

    Other fees and commissions

    1,465

    717

    1,303

    894

    Fee and commission expenses

    292,384

    258,512

    254,913

    215,383

    Net fee and commission income

    439,655

    382,285

    366,587

    324,651

    1. Fees related to transactions with clients mainly include cards fees, payments/collections fees, custody fees and other fees related to transactions with clients.

    2. Lending-related fees include amendment fees, factoring fees, debt recovery fees.

    3. This category includes the management commissions of open and alternative investment funds.

    4. Although the fee income from financial guarantee contracts and loan commitments is recognised in accordance with the principle of IFRS 15 the financial guarantee contracts is in the scope IFRS 9 and the fee income from it is not revenue from contracts with customers. The Group and the Bank presents the fee income from financial guarantees as part of total fee and commission income.

  4. Net trading income

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Net income from foreign exchange transactions

    213,170

    195,241

    185,174

    163,677

    Net income/ (Expense) from derivatives

    65,297

    28,988

    68,203

    14,435

    Net income/ (Expense) from financial assets held-

    for-trading

    56,959

    21,801

    2,698

    328

    (Expense)/ net income from foreign exchange

    position revaluation

    (19,821)

    (1,433)

    (25,323)

    5,488

    Net trading income

    315,605

    244,597

    230,752

    183,928

  5. Net gain/loss (-) from the sale of financial assets measured at fair value through other items of comprehensive income

    Group Bank

    In RON thousand

    Income from the sale of financial assets measured at fair value through other items of comprehensive income

    31-03-2026

    86,455

    31-03-2025

    4,010

    31-03-2026

    86,449

    31-03-2025

    3,998

    Losses from the sale of financial assets measured at

    fair value through other items of comprehensive income

    (565)

    (253)

    (565)

    (253)

    Net gain/ loss (-) from the sale of financial assets measured at fair value through other

    items of comprehensive income

    85,890

    3,757

    85,884

    3,745

  6. Net gain/loss (-) from financial assets which are required to be measured at fair value through profit or loss

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Income from financial assets which are required to be measured at fair value through profit or loss

    94,816

    109,942

    151,545

    129,459

    Losses from financial assets which are required to be measured at fair value through profit or loss

    (103,469)

    (66,973)

    (101,358)

    (65,597)

    Net gain/ loss (-) from financial assets which are required to be measured at fair value through profit or loss

    (8,653)

    42,969

    50,187

    63,862

  7. Contribution to the Bank Deposit Guarantee Fund and to the Resolution Fund

    The impact of the breakdown of the annual contribution to the two funds, as reflected in the separate and consolidated statement of financial position, is the following:

    Group Bank

    In RON thousand 31-03-2026 31-03-2025 31-03-2026 31-03-2025

    Contribution to the Bank Deposit Guarantee Fund 1,372 47,069 - 45,804 Contribution to the Bank Resolution Fund 2,095 49,047 - 45,861 Total 3,467 96,116 - 91,665

    11. Other operating income

    Group

    Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Dividend income

    2,567

    -

    -

    16,921

    Income from insurance intermediation

    88,247

    61,123

    59,621

    39,673

    Revenue from movable and immovable assets

    resulting from debt enforcement

    1,123

    1,416

    111

    931

    Income from indemnities, fines and penalties

    1,459

    2,199

    1,138

    1,562

    Income from VISA, MASTERCARD, WU

    services

    35,981

    30,497

    35,981

    30,490

    Rental income

    5,775

    4,336

    -

    -

    Other operating income (i) 47,007 19,332 51,238 20,452

    Total 182,159 118,903 148,089 110,029

    1. The category "Other operating income" includes the following types of income: debt recoveries related to closed

accounts, cash at hand differences, income from recovered legal expenses, other recoveries from operating expenses.

  1. Net income (-)/expenses from impairment allowance, expected losses on assets, provisions for other risks and loan commitments

    1. Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss

      Gro

      up

      Bank

      In RON thousand

      31-03-2026

      31-03-2025

      31-03-2026

      31-03-2025

      Net impairment allowance on assets (i)

      301,659

      355,737

      228,632

      278,114

      Loans written off

      257

      341

      -

      -

      Finance lease receivables and other assets written off

      5

      200

      -

      -

      Provisions for loan commitments, financial guarantees and other commitments given

      (8,960)

      (31,360)

      (8,370)

      (6,268)

      Recoveries from loans written off and sales of

      loans portfolio

      (42,216)

      (31,432)

      (20,464)

      (25,910)

      Recoveries from finance lease receivables written off

      (526)

      (255)

      -

      -

      Impairment or reversal of impairment on

      financial assets not measured at fair value through profit or loss

      250,219

      293,231

      199,798

      245,936

      (i) Net impairment allowance on assets include the following:

      Gro

      up

      Bank

      In RON thousand

      31-03-2026

      31-03-2025

      31-03-2026

      31-03-2025

      Loans and advances to customers

      292,474

      364,185

      228,746

      277,519

      Treasury and inter-bank operations

      (777)

      (2,137)

      (35)

      (2,161)

      Finance lease receivables

      7,747

      (17,202)

      -

      -

      Participating interest

      -

      2,005

      -

      -

      Investment securities

      4,032

      11,814

      3,299

      7,338

      Other financial assets

      (1,817)

      (2,928)

      (3,378)

      (4,582)

      Net impairment allowance on assets

      301,659

      355,737

      228,632

      278,114

      1. Net income (-)/expenses from impairment allowance, expected losses on assets, provisions for other risks and loan commitments (continued)

    2. (Other) Provisions and reversal of provisions

Group Bank

In RON thousand

31-03-2026

31-03-2025

31-03-2026

31-03-2025

Other non-financial assets

(2,315)

(2,643)

-

(1,423)

Property and equipment and intangible assets

-

(423)

-

-

Litigation and other risks

1,121

739

883

49

(Other) Provisions and reversal of provisions

(1,194)

(2,327)

883

(1,374)

  1. Personnel expenses

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Gross salaries

    610,477

    647,528

    499,064

    436,078

    Social protection contribution

    25,617

    24,113

    15,121

    13,462

    Share payments to employees

    55,433

    46,660

    55,433

    46,660

    Pension contribution to Pillar III

    4,251

    4,095

    3,818

    3,712

    Other staff expenses

    44,905

    36,346

    38,275

    29,223

    Net expenses with provisions for untaken holiday

    and other benefits

    46,428

    (36,671)

    31,415

    47,658

    Total

    787,111

    722,071

    643,126

    576,793

  2. Other operating expenses

    Grou

    p

    Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Rent and lease expenses

    3,836

    5,530

    2,766

    3,739

    Repairs and maintenance expenses

    144,388

    136,489

    110,705

    90,973

    Advertising, marketing, entertainment and sponsorship expenses

    61,099

    55,709

    46,378

    44,099

    Mail, telecommunication and SMS traffic

    expenses

    23,247

    29,575

    19,432

    18,594

    Materials and stationery expenses

    12,414

    27,902

    9,324

    20,777

    Other professional fees, including legal expenses

    9,809

    9,667

    7,192

    8,314

    Electricity and heating expenses

    16,099

    17,807

    14,119

    15,763

    Business travel, transportation and temporary relocation expenses

    22,347

    20,396

    21,028

    18,380

    Insurance expenses

    12,145

    11,174

    9,510

    7,057

    Taxes and contributions (*)

    178,606

    81,465

    174,023

    76,140

    Write-off and loss on disposal of tangible assets

    301

    4,676

    288

    226

    Write-off and loss on disposal of intangible assets

    595

    21,547

    -

    -

    Security and protection expenses

    11,445

    10,352

    10,905

    9,157

    Archiving services expenses

    5,047

    4,116

    4,691

    3,574

    Expenses related to database queries from the Trade Register and the Credit Bureau

    4,585

    3,037

    3,036

    2,536

    Expenses with foreclosed assets

    5,085

    2,958

    2,396

    1,938

    Audit, advisory and other services provided by the independent auditor

    4,495

    2,076

    3,000

    1,192

    Other operating expenses 43,089 52,053 30,629 31,925

    Total other operating expenses 558,632 496,529 469,422 354,384

    (*) As of March 31, 2026, the "Taxes and contributions" line also includes the turnover tax calculated for the reported period, representing 4% of the turnover, in the amount of RON 167,705 thousand for the Group and RON 166,005 thousand for the Bank (and on March 31, 2025 in the amount of RON 78,109 thousand for the Group and RON 75,602 thousand for the Bank).

  3. Income tax expense

    Group Bank

    In RON thousand

    31-03-2026

    31-03-2025

    31-03-2026

    31-03-2025

    Gross Profit

    1,347,488

    1,011,687

    1,122,100

    842,733

    Tax at the statutory rate (*)

    (215,598)

    (161,870)

    (179,536)

    (134,837)

    Fiscal effect of income tax on the

    following elements:

    9,156

    27,219

    7,653

    48,390

    - Non-taxable income

    11,592

    24,074

    31,872

    30,394

    - Non-deductible expense

    (56,549)

    (72,323)

    (75,724)

    (56,139)

    - Tax deductions

    56,813

    39,271

    53,614

    36,894

    - Elements similar to income

    (803)

    (91,808)

    (109)

    (90,622)

    - Elements similar to expenses

    103

    123,086

    -

    122,944

    - Global minimum top-up tax

    (2,000)

    -

    (2,000)

    -

    - Current income tax from previous years

    related to acquisitions - 4,919 - 4,919

    Income tax expense (206,442) (134,651) (171,883) (86,447)

    (*) Income tax rate is 16% except for Victoriabank S.A. O.C.N. Microinvest S.R.L and BT Leasing MD S.R.L. where is 12%.

  4. Cash and current accounts with Central Banks

Group

Bank

In RON thousand

31-03-2026

31-12-2025

31-03-2026

31-12-2025

Minimum reserve requirement

25,638,686

19,633,938

24,314,173

17,672,361

Cash on hand and other values

5,556,797

5,865,337

5,247,524

5,551,950

Total

31,195,483

25,499,275

29,561,697

23,224,311

Reconciliation of cash and cash equivalents with the separate and consolidated statement of financial position and with the cash flow statement:

Group

Bank

In RON thousand

31-03-2026

31-12-2025

31-03-2026

31-12-2025

Cash and current accounts with Central Banks (*)

31,191,207

25,490,867

29,558,835

23,222,217

Placements with banks with maturity below 3 months

6,778,142

12,860,352

5,421,694

11,243,165

Reverse-repo transactions

1,090,972

2,748,801

1,090,972

2,748,801

Loans and advances to credit institutions with maturity below 3 months

-

10,687

-

10,687

Financial assets measured at fair value through other items of comprehensive income with maturity below 3 months

-

10,799

-

10,799

Financial assets at amortized cost - debt instruments with maturity below 3 months

-

1,336,368

-

1,336,368

Cash and cash equivalents in the cash flow statement

39,060,321

42,457,874

36,071,501

38,572,037

(*) At Group level, the cash and current accounts with Central Banks do not include the accrual and interest receivable in the amount of RON 4,276 thousand (2025: RON 3,922 thousand) and at the level of the Bank in the amount of RON 2,862 thousand (2025: RON 2,094 thousand)