EARNINGS RELEASE FOR THE FIRST QUARTER OF 2015

BACK IN PROFIT DESPITE CONTINIOUSLY UNCERTAIN ENVIRONMENT

Highligths

Reported Net Profitin the first quarter of 2015 (1Q15) at 0.7M RON compared with a loss of 0.9M RON in the same period in 2014 (1Q14).

Solvency- capital ratio was 10.1%, down from 10.8% at 31 December 2014 as a result of an increase in RAS provisions during 1Q15

Net Incomeof 36.8M RON down 1.7M RON or 4% in 1Q15, compared to 38.5M RON in

1Q14, primarily reflecting lower interest revenues, partly offset by higher revenues from financial assets.

Operating Expensesof 36.2M RON were up 0.2M RON or 1% from 1Q14 due to higher staff costs, partly reflecting one-off restructuring expenses and an increase in staff numbers in regulatory and compliance roles.

Gross loans to customersat 1273M RON, down versus 1461M RON at 31 December

2014 due to a 184M RON write-off during 1Q15.

Deposits from customerswas lower by 40M or 1% from 31 December 2014. Loans-to- deposit ratio was 45%, compared to 51% at 31 December 2014 reflecting our excess liquidity available to support future growth.

C.I.F. - RO 11447021• RC - J32/80/1999 • RB - PJR - 32 - 045 / 15.07.1999 • Capital: 314.629.049,40 RON Banca Comerciala Carpatica is registered with the National Supervisory Authority for Personal Data Processing -ANSPDCP with the notification no. 753. The company is managed in a two-tier system.

CEO, Johan Gabriëls, commented

Our first quarter results showcase the viability of our franchise model in the face of a continiously uncertain and challenging environment. Our business recovered well and we are back in profit after a difficult 2014 were we provisioned well the portfolios of the past. We are pleased that we were able to keep our excess liquidity awaiting a decision on a capital injection.
On operating expenses we continue to work on initiatives to deliver costs savings over the reminder of 2015 and beyond.
The identification of strategic investors continues and we are working closely together with all stakeholders to protect the future of our bank. We estimate that the growth plans will be finalized and made public during the second part of this year.
As previously announced, we will hold a conference call on 11 May starting 4pm EET. The teleconference details will be disclosed in due time on our web site and on BSE website.

C.I.F. - RO 11447021• RC - J32/80/1999 • RB - PJR - 32 - 045 / 15.07.1999 • Capital: 314.629.049,40 RON Banca Comerciala Carpatica is registered with the National Supervisory Authority for Personal Data Processing -ANSPDCP with the notification no. 753. The company is managed in a two-tier system.

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