EARNINGS RELEASE FOR THE FIRST HALF OF 2015

CAPITAL RESTRICTIONS AND LOWER RETURN ON FINANCIAL ASSETS IMPACTED 1H15 RESULTS

Highligths

Reported Net Lossin the first half of 2015 (1H15) at 15.0M RON compared with a loss of 0.35M RON in the same period in 2014 (1H14)

Solvability- capital ratio was 8.1%, down from 10.8% at 31 December 2014 as a result of the 1H15 losses and an increase in RAS provisions during 2Q15

Net Incomeof 58.0M RON down 40% in 1H15, compared to 97.3M RON in 1H14, primarily reflecting lower revenues from financial assets. Net income from commercial activities showed a +2% y-o-y performance (43.0M RON during 1H15

versus 42.3M RON in 1H14)

Operating Expensesof 73.0M RON were down 1.8M RON or 2.4% from 1H14 reflecting efficiency gains

Gross loans to customersdecreased with 16.6% y-o-y mainly due to the cumulative

effect of loans write-offs (217.6M RON) and loans repayments (172M RON) which offset the 147M RON new loans

Deposits from customerswas lower by 75M or 2.6% from 31 December 2014. Loans-

to-deposit ratio is 43%, compared to 51% at 31 December 2014 reflecting our excess liquidity (1591M RON) available to support future growth

CEO, Johan Gabriëls, commented

On June 27th, the bank anounced that exclusive talks have started with J.C. Flowers about a 110M RON injection in capital. This was done after the shareholders of BCC offered their full support in opening a new phase on the bank's development, by approving the capital reduction followed by a capital increase on June 18th.
On July 8ththe bank management has been informed that a MOU was signed between J.C. Flowers, our major shareholder and all parties working in concert and representing 57% of the shares in the bank. We are working closely with all stakeholders to secure the future development of the bank.
The shortage of capital combined with a planned adjustment of the banks OREO's during 2H15 does not permit us to grow our loan book and to use our excess liquidity. We are therefore pleased with the progress made in bringing in J.C. Flowers as a major shareholder and their intention to substantially increase the bank's capital.
Within this difficult context our people worked hard to protect our core commercial revenues showing a 2% y-o-y revenue growth.
On operating expenses we continue to work on initiatives to deliver costs savings over the reminder of 2015 and beyond.
Management decided to postpone any investors' conference calls until a final registration and decision is taken with respect to the capital restructuring, capital increase and the bank's potential new major shareholder.

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