Financial results

Total assets of our Bank have been almost doubled at the end of December 2004 as compared to December 2003, reaching EUR 200 million (ROL 7.933 billion). The high performance has been supported by the increase in equity to ROL 887,3 billion (EUR 22,4 million) from ROL 471,0 billion (EUR 11,9 million) by 88% and by the growth of customer deposits to ROL 5.469 billion (EUR 137,9 million) from ROL 3.409 billion (EUR 85,9 million) during year 2004.

The second banking syndicated loan facility for a Romanian bank with EUR 15,0 million and the third corporate bond issue for ROL 410,0 billion listed in BSE are among other accomplishments which we have witnessed. Despite the intensive investments in developing the service network, human resources, plastic cards and all the related IT investments necessary to support this growth, our Bank has closed the year 2004 with a ROL 151,9 billion (EUR 3,8 million) gross profit, up from ROL 87,9 billion (EUR 2,1 million) at the end of year 2003.

With a client base of more than 200,000 individuals and 15,000 corporates, Finansbank (Romania) SA reached its target of 1% share in the local banking system, where we enjoy 5% market share in consumer credits and 7% market share in credit cards.

Finansbank (Romania) SA aims to continue its growth and development strategy in Romania further by enlarging its service network and products offered. As a universal bank, we want to be active in all fields of business and economic life, covering whole country.