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Press Release regarding holding of the Annual General Meeting of Shareholders of CB “MOBIASBANCA- Groupe Société Générale”S.A. of 17.05.2019.

Press Release regarding holding of the Annual General Meeting of Shareholders of CB “MOBIASBANCA- Groupe Société Générale”S.A. of 17.05.2019.

On 17th of May 2019 the Annual General Meeting of Shareholders of CB ”MOBIASBANCĂ – Groupe Société Générale” S.A. was held by correspondence, during which issues of importance, both for shareholders and the Bank, were examined.

During the Meeting, the activity reports of the Supervisory Board and of the Management Board for 2018 were presented. In a 2018 stable but lackluster environment, Mobiasbanca posted once again very solid commercial and financial performances and strengthened its position in the banking sector.

The major financial indicators of Mobiasbanca had a positive evolution in 2018: market share for loans and deposits significantly increased the number of active clients increased by approx. 4 %, the total Bank’s assets raised by approx. 9%, the deposits portfolio increased by 11% compared to the previous year. Less allocation were made to risk costs, mainly due to the increase in the portfolio quality. Net profit accordingly increased by 6,5% compared to the previous year.

Based on the share purchase agreement concluded on 05th of February 2019 between Société Générale, as seller, and OTP Bank Nyrt, as purchaser, for the sale and purchase of all of the shares held by Société Générale in the Bank to OTP Bank Nyrt, the GMS approved the Charter of the Bank in new redaction as well as the composition of the Supervisory Board for a 4 years term, with the following members: Zoltan Major, Slaveyko Slaveykov, Dominique Serres, Wolfgang Lerke and Rodica Hîncu. The decision is conditional on the effective transfer (de iure) of the Shares from Société Générale to OTP Bank Nyrt and with effect on the day on which such condition is satisfied.

Taking into account the expected organizational managerial changes and the change of the majority shareholder, as well as promoting strategic development actions of the Bank in the next period, and in compliance with NBM recommendations on the banking system of RM regarding the non-distribution of the capital for 2018, the Bank’s shareholders decided to reflect the entire profit earned according to the results of 2018 as „Undistributed Profit”.

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