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IR - Contul de profit si pierdere- institutii de credit - RTRIM101

Company: BRD - Groupe Societe Generale S.A. Date: 2025-04-30 Language: English Register to download
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BRD – Groupe Société Générale S.A.

CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS

LEI CODE: 5493008QRHH0XCLJ4238

March 31, 2025

## CONTENT

| Condensed consolidated and separate interim statement of financial position         | 2    |
|-------------------------------------------------------------------------------------|------|
| Condensed consolidated and separate interim statement of profit or loss             | 3    |
| Condensed consolidated and separate interim statement of other comprehensive income | 4    |
| Condensed consolidated and separate interim statement of changes in equity          | 5-6  |
| Condensed consolidated and separate interim statement of cash flows                 | 7    |
| Notes to the condensed consolidated and separate interim financial statements       | 8-81 |

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF FINANCIAL POSITION as at March 31, 2025 (Amounts in thousands RON)

|                                                                                                          |          | POSITION<br>as at March 31, 2025   |                       |                                    |                       |
|----------------------------------------------------------------------------------------------------------|----------|------------------------------------|-----------------------|------------------------------------|-----------------------|
|                                                                                                          |          | (Amounts in thousands RON)         |                       |                                    |                       |
|                                                                                                          |          | Group                              |                       | Bank                               |                       |
|                                                                                                          | Note     | Unaudited (*)<br>March 31,<br>2025 | December 31,<br>2024  | Unaudited (*)<br>March 31,<br>2025 | December 31,<br>2024  |
|                                                                                                          |          |                                    |                       |                                    |                       |
| ASSETS<br>Cash and cash equivalents                                                                      | 4        | 9,681,697                          | 8,658,035             | 9,681,595                          | 8,657,954             |
| Due from banks                                                                                           | 5        | 3,252,535                          | 6,313,423             | 3,252,534                          | 6,313,423             |
| Derivatives and other financial instruments held for trading<br>out of which: Pledged as collateral      | 6        | 1,761,328<br>178,852               | 1,842,562<br>63,414   | 1,733,933<br>178,852               | 1,810,504<br>63,414   |
| Financial assets at fair value through profit and loss                                                   | 7        | 9,580                              | 9,208                 | 9,580                              | 9,208                 |
| Financial assets at fair value through other comprehensive income<br>out of which: Pledged as collateral | 8        | 11,824,065<br>397,922              | 12,164,852<br>367,850 | 11,824,065<br>397,922              | 12,164,852<br>367,850 |
| Financial assets at amortised cost                                                                       | 9        | 56,692,032                         | 54,812,982            | 56,330,753                         | 54,459,688            |
| Loans and advances to customers                                                                          | 9.1      | 49,578,280                         | 47,705,202            | 49,217,001                         | 47,351,908            |
| Debt securities                                                                                          | 9.2      | 7,113,752                          | 7,107,780             | 7,113,752                          | 7,107,780             |
| out of which: Pledged as collateral<br>Finance lease receivables                                         | 10       | 640,468<br>2,037,542               | 201,025<br>2,023,475  | 640,468<br>-                       | 201,025<br>-          |
| Assets held for sale                                                                                     | 11       | 11,002                             | 11,002                | 8,913                              | 8,913                 |
| Investments in subsidiaries                                                                              |          | -                                  | -                     | 55,772                             | 55,772                |
| Investments in associates and joint ventures<br>Property, plant and equipment                            | 12       | 77,775<br>1,070,046                | 73,384<br>1,109,780   | 30,327<br>1,061,810                | 30,327<br>1,100,231   |
| Investment property                                                                                      | 12       | 8,596                              | 10,096                | 8,596                              | 10,096                |
| Intangible assets                                                                                        | 13       | 616,775                            | 610,742               | 614,314                            | 608,020               |
| Current tax asset<br>Deferred tax asset                                                                  | 25<br>25 | -<br>284,295                       | 25,119<br>307,925     | -<br>282,894                       | 24,251<br>306,005     |
| Goodwill                                                                                                 | 14       | 50,130                             | 50,130                | 50,130                             | 50,130                |
| Other financial assets                                                                                   | 15       | 532,947                            | 256,192               | 518,295                            | 239,499               |
| Other non-financial assets                                                                               | 16       | 251,768                            | 200,796               | 136,758                            | 96,320                |
| Total assets                                                                                             |          | 88,162,113                         | 88,479,703            | 85,600,269                         | 85,945,193            |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                     |          |                                    |                       |                                    |                       |
| Due to banks                                                                                             | 17       | 1,847,309                          | 1,477,293             | 1,847,309                          | 1,477,293             |
| Derivatives and other financial instruments held for trading<br>Due to customers                         | 6<br>18  | 1,171,584<br>66,198,978            | 524,010<br>67,935,142 | 1,171,584<br>66,444,343            | 524,010<br>68,215,487 |
| Borrowed funds                                                                                           | 19       | 6,552,803                          | 6,554,915             | 4,251,831                          | 4,234,105             |
| Subordinated debts                                                                                       | 20       | 1,246,054                          | 1,245,458             | 1,246,054                          | 1,245,458             |
| Current tax liability                                                                                    | 25       | 37,609                             | 3,221                 | 35,212                             | -                     |
| Provisions<br>Other financial liabilities                                                                | 21<br>22 | 317,421<br>629,376                 | 334,633<br>627,070    | 310,456<br>585,769                 | 327,200<br>584,957    |
| Other non-financial liabilities                                                                          | 23       | 319,414                            | 326,499               | 309,097                            | 312,742               |
| Total liabilities                                                                                        |          | 78,320,548                         | 79,028,241            | 76,201,655                         | 76,921,252            |
| Share capital                                                                                            | 24       | 2,515,622                          | 2,515,622             | 2,515,622                          | 2,515,622             |
| Accumulated other comprehensive income/(loss)                                                            |          | (1,215,811)                        | (1,256,130)           | (1,215,811)                        | (1,256,130)           |
| Retained earnings<br>Other reserves                                                                      |          | 7,929,587<br>563,054               | 7,579,503<br>562,658  | 7,549,164<br>549,639               | 7,214,810<br>549,639  |
| Net assets attributable to owners of the parent                                                          |          | 9,792,452                          | 9,401,653             | 9,398,614                          | 9,023,941             |
| Non-controlling interest                                                                                 |          | 49,113                             | 49,809                | -                                  | -                     |
| Total equity                                                                                             |          | 9,841,565                          | 9,451,462             | 9,398,614                          | 9,023,941             |
| Total liabilities and equity                                                                             |          | 88,162,113                         | 88,479,703            | 85,600,269                         | 85,945,193            |

Delphine Mireille GARCIN-MEUNIER Chairman of the Board of Directors

Maria ROUSSEVA Chief Executive Officer

Vladimir POJER Deputy Chief Executive Officer

Simona PRODAN Finance Executive Director

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF PROFIT OR LOSS for the period ended March 31, 2025

(Amounts in thousands RON)

| CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF PROFIT OR LOSS                                    |      |                                     |                                |                    |                                |
|------------------------------------------------------------------------------------------------------------|------|-------------------------------------|--------------------------------|--------------------|--------------------------------|
|                                                                                                            |      |                                     |                                |                    |                                |
|                                                                                                            |      |                                     |                                |                    |                                |
|                                                                                                            |      |                                     |                                |                    |                                |
|                                                                                                            |      | BRD – Groupe Société Générale S.A.  |                                |                    |                                |
|                                                                                                            |      |                                     |                                |                    |                                |
|                                                                                                            |      | for the period ended March 31, 2025 |                                |                    |                                |
|                                                                                                            |      | (Amounts in thousands RON)          |                                |                    |                                |
|                                                                                                            |      | Group                               |                                | Bank               |                                |
|                                                                                                            |      | Unaudited (*)                       |                                | Unaudited (*)      |                                |
|                                                                                                            |      | Three months ended                  | Restated<br>Three months ended | Three months ended | Restated<br>Three months ended |
|                                                                                                            | Note | March 31, 2025                      | March 31, 2024                 | March 31, 2025     | March 31, 2024                 |
|                                                                                                            |      |                                     |                                |                    |                                |
| Interest and similar income                                                                                | 26   | 1,188,742                           | 1,163,680                      | 1,146,010          | 1,112,221                      |
| out of which: Interest income calculated using the effective interest method                               |      | 1,151,541                           | 1,127,501                      | 1,146,010          | 1,111,863                      |
| Interest and similar expense                                                                               | 27   | (430,241)                           | (447,463)                      | (413,712)          | (428,144)                      |
| Net interest income                                                                                        |      | 758,501                             | 716,217                        | 732,298            | 684,077                        |
| Fees and commission income                                                                                 | 28   | 378,406                             | 294,692                        | 367,318            | 284,573                        |
| Fees and commission expense                                                                                | 28   | (138,306)                           | (108,577)                      | (136,176)          | (106,971)                      |
| Fees and commissions, net                                                                                  |      | 240,100                             | 186,115                        | 231,142            | 177,602                        |
|                                                                                                            |      |                                     |                                |                    |                                |
| Gain/(loss) from derivatives and other financial instruments held for trading                              | 29   | (2,100)                             | 73,183                         | (2,749)            | 72,836                         |
| Gain from foreign exchange<br>Gain/(loss) from financial instruments at fair value through profit and loss |      | 81,636<br>371                       | 19,322<br>(136)                | 81,360<br>371      | 19,162<br>(136)                |
| Net income from associates and joint ventures                                                              |      | 4,391                               | 2,185                          | -                  | -                              |
| Other income/(expense)                                                                                     | 30   | (2,987)                             | (12,222)                       | (1,521)            | (12,021)                       |
|                                                                                                            |      |                                     |                                |                    |                                |
| Net banking income                                                                                         |      | 1,079,912                           | 984,664                        | 1,040,901          | 941,520                        |
| Personnel expenses                                                                                         | 32   | (264,164)                           | (244,678)                      | (253,153)          | (233,520)                      |
| Depreciation, amortization and impairment on tangible and intangible assets                                | 33   | (67,769)                            | (69,094)                       | (67,006)           | (67,855)                       |
| Contribution to Guarantee Scheme and Resolution Fund                                                       | 31   | (49,616)                            | (43,052)                       | (49,616)           | (43,052)                       |
| Other operating expenses                                                                                   | 34   | (191,851)                           | (172,646)                      | (187,875)          | (166,513)                      |
| Total operating expenses                                                                                   |      | (573,400)                           | (529,470)                      | (557,650)          | (510,940)                      |
|                                                                                                            |      |                                     |                                |                    |                                |
| Gross operating profit                                                                                     |      | 506,512                             | 455,194                        | 483,251            | 430,580                        |
| Net impairment gain/(loss) on financial instruments                                                        | 35   | (79,041)                            | (54,263)                       | (74,003)           | (36,370)                       |
|                                                                                                            |      |                                     |                                |                    |                                |
| Profit before income tax                                                                                   |      | 427,471                             | 400,931                        | 409,248            | 394,210                        |
|                                                                                                            |      |                                     |                                |                    |                                |
| Current tax expense                                                                                        | 25   | (61,739)                            | (63,982)                       | (59,463)           | (62,620)                       |
| Deferred tax expense                                                                                       |      | (15,949)                            | (10,604)                       | (15,431)           | (9,502)                        |
| Total income tax                                                                                           |      | (77,688)                            | (74,586)                       | (74,894)           | (72,122)                       |
| Net profit for the period                                                                                  |      | 349,783                             | 326,345                        | 334,354            | 322,088                        |
|                                                                                                            |      |                                     |                                |                    |                                |
| Profit attributable to equity owners of the parent                                                         |      | 350,479                             | 324,183                        | -                  | -                              |
| Profit/(loss) attributable to non-controlling interests                                                    |      | (696)                               | 2,162                          | -                  | -                              |
|                                                                                                            |      |                                     |                                |                    |                                |
|                                                                                                            |      |                                     |                                |                    |                                |

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME for the period ended March 31, 2025 (Amounts in thousands RON)

| CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME                                                                                                                                 | BRD – Groupe Société Générale S.A.  |                    |                    |                    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------|--------------------|--------------------|--------------------|
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     | for the period ended March 31, 2025 |                    |                    |                    |
|                                                                                                                                                                                                                     | (Amounts in thousands RON)          |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     | Group                               |                    | Bank               |                    |
|                                                                                                                                                                                                                     | Unaudited (*)                       |                    | Unaudited (*)      |                    |
|                                                                                                                                                                                                                     | Three months ended                  | Three months ended | Three months ended | Three months ended |
|                                                                                                                                                                                                                     | March 31, 2025                      | March 31, 2024     | March 31, 2025     | March 31, 2024     |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
| Net profit for the period                                                                                                                                                                                           | 349,783                             | 326,345            | 334,354            | 322,088            |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     | 40,319                              | (21,773)           | 40,319             | (21,773)           |
|                                                                                                                                                                                                                     | 40,319                              | (21,773)           | 40,319             | (21,773)           |
| Reclassifications to profit and loss during the period                                                                                                                                                              | (1)                                 | (101)              | (1)                | (101)              |
| Fair value differences                                                                                                                                                                                              | 48,000                              | (25,801)           | 48,000             | (25,801)           |
| Income tax                                                                                                                                                                                                          | (7,680)                             | 4,128              | (7,680)            | 4,128              |
| Other comprehensive income<br>Net comprehensive income that may be reclassified to profit and loss in subsequent<br>periods<br>Net gain/(loss) on financial assets at fair value through other comprehensive income |                                     |                    |                    |                    |
|                                                                                                                                                                                                                     | 40,319                              | (21,773)           | 40,319             | (21,773)           |
| Other comprehensive income for the period, net of tax<br>Total comprehensive income for the period, net of tax                                                                                                      | 390,102                             | 304,572            | 374,673            | 300,315            |
|                                                                                                                                                                                                                     |                                     |                    |                    |                    |
| Attributable to:<br>Equity owners of the parent                                                                                                                                                                     | 390,798                             | 302,410            |                    |                    |

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CHANGES IN EQUITY for the period ended March 31, 2025 (Amounts in thousands RON)

#### Group

|                                                         |               | CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CHANGES IN EQUITY               | (Amounts in thousands RON)                       | BRD – Groupe Société Générale S.A.<br>for the period ended March 31, 2025 |                |                                        |                             |                     |
|---------------------------------------------------------|---------------|------------------------------------------------------------------------------------------|--------------------------------------------------|---------------------------------------------------------------------------|----------------|----------------------------------------|-----------------------------|---------------------|
| Group                                                   |               |                                                                                          |                                                  |                                                                           |                |                                        |                             |                     |
|                                                         |               | Accumulated other comprehensive<br>income/(loss)                                         |                                                  |                                                                           |                | Total attributable                     |                             |                     |
|                                                         | Share capital | Reserves from financial<br>assets at fair value<br>through other<br>comprehensive income | Reserves from<br>defined benefit<br>pension plan | Retained earnings                                                         | Other reserves | to owners of the<br>parent             | Non-controlling<br>interest | Total equity        |
| December 31, 2023                                       | 2,515,622     | (1,181,954)                                                                              | 24,613                                           | 6,871,036                                                                 | 565,021        | 8,794,338                              | 67,668                      | 8,862,006           |
| Total comprehensive income                              | -             | (21,773)                                                                                 | -                                                | 324,363                                                                   | (180)          | 302,410                                | 2,162                       | 304,572             |
| Net Profit for the period<br>Other comprehensive income | -<br>-        | -<br>(21,773)                                                                            | -<br>-                                           | 324,363<br>-                                                              | (180)<br>-     | 324,183<br>(21,773)                    | 2,162<br>-                  | 326,345<br>(21,773) |
| March 31, 2024                                          | 2,515,622     | (1,203,727)                                                                              | 24,613                                           | 7,195,397                                                                 | 564,841        | 9,096,746                              | 69,831                      | 9,166,577           |
|                                                         |               | Accumulated other comprehensive<br>income/(loss)<br>Reserves from financial              | Reserves from                                    |                                                                           |                | Total attributable<br>to owners of the |                             |                     |
|                                                         | Share capital | assets at fair value<br>through other<br>comprehensive income                            | defined benefit<br>pension plan                  | Retained earnings                                                         | Other reserves | parent                                 | Non-controlling<br>interest | Total equity        |
|                                                         | 2,515,622     | (1,283,142)                                                                              | 27,012                                           | 7,579,503                                                                 | 562,658        | 9,401,653                              | 49,809                      | 9,451,462           |
| December 31, 2024                                       |               |                                                                                          |                                                  |                                                                           |                | 390,798                                | (696)                       | 390,102             |
| Total comprehensive income                              | -             | 40,319                                                                                   | -                                                | 350,083                                                                   | 396            |                                        |                             |                     |
| Net Profit for the period<br>Other comprehensive income | -<br>-        | -<br>40,319                                                                              | -<br>-                                           | 350,083<br>-                                                              | 396<br>-       | 350,479<br>40,319                      | (696)<br>-                  | 349,783<br>40,319   |

|                            |               | Accumulated other comprehensive<br>income/(loss)                                         |                                                  |                   | Other reserves | Total attributable<br>to owners of the<br>parent | Non-controlling<br>interest |              |
|----------------------------|---------------|------------------------------------------------------------------------------------------|--------------------------------------------------|-------------------|----------------|--------------------------------------------------|-----------------------------|--------------|
|                            | Share capital | Reserves from financial<br>assets at fair value<br>through other<br>comprehensive income | Reserves from<br>defined benefit<br>pension plan | Retained earnings |                |                                                  |                             | Total equity |
|                            |               |                                                                                          |                                                  |                   |                |                                                  |                             |              |
|                            |               |                                                                                          |                                                  |                   |                |                                                  |                             |              |
| Net Profit for the period  | -             | -                                                                                        | -                                                | 350,083           | 396            | 350,479                                          | (696)                       | 349,783      |
| Other comprehensive income | -             | 40,319                                                                                   | -                                                | -                 | -              | 40,319                                           | -                           | 40,319       |
| March 31, 2025             | 2,515,622     | (1,242,823)                                                                              | 27,012                                           | 7,929,587         | 563,054        | 9,792,452                                        | 49,113                      | 9,841,565    |

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CHANGES IN EQUITY for the period ended March 31, 2025 (Amounts in thousands RON)

#### Bank

|                            |               | for the period ended March 31, 2025<br>(Amounts in thousands RON)                        | BRD – Groupe Société Générale S.A.               | CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CHANGES IN EQUITY |                |              |
|----------------------------|---------------|------------------------------------------------------------------------------------------|--------------------------------------------------|----------------------------------------------------------------------------|----------------|--------------|
|                            |               |                                                                                          |                                                  |                                                                            |                |              |
|                            |               | Accumulated other comprehensive<br>income/(loss)                                         |                                                  |                                                                            |                |              |
|                            | Share capital | Reserves from financial<br>assets at fair value<br>through other<br>comprehensive income | Reserves from<br>defined benefit<br>pension plan | Retained earnings                                                          | Other reserves | Total equity |
| December 31, 2023          | 2,515,622     | (1,181,954)                                                                              | 24,613                                           | 6,557,103                                                                  | 549,639        | 8,465,023    |
| Total comprehensive income | -             | (21,773)                                                                                 | -                                                | 322,088                                                                    | -              | 300,315      |
| Net Profit for the period  | -             | -                                                                                        | -                                                | 322,088                                                                    | -              | 322,088      |
| Other comprehensive income | -             | (21,773)                                                                                 | -                                                | -                                                                          | -              | (21,773)     |
| March 31, 2024             | 2,515,622     | (1,203,727)                                                                              | 24,613                                           | 6,879,191                                                                  | 549,639        | 8,765,337    |
|                            |               | Accumulated other comprehensive<br>income/(loss)                                         |                                                  |                                                                            |                |              |
|                            | Share capital | Reserves from financial<br>assets at fair value<br>through other<br>comprehensive income | Reserves from<br>defined benefit<br>pension plan | Retained earnings                                                          | Other reserves | Total equity |
| December 31, 2024          | 2,515,622     | (1,283,143)                                                                              | 27,012                                           | 7,214,810                                                                  | 549,639        | 9,023,941    |
| Total comprehensive income | -             | 40,319                                                                                   | -                                                | 334,354                                                                    | -              | 374,673      |
| Net Profit for the period  | -             | -                                                                                        | -                                                | 334,354                                                                    | -              | 334,354      |
| Other comprehensive income | -             | 40,319                                                                                   | -                                                | -                                                                          | -              | 40,319       |
|                            | 2,515,622     |                                                                                          |                                                  |                                                                            |                |              |

|                            |               | Accumulated other comprehensive<br>income/(loss)                                         |                                                  |                   |                |              |
|----------------------------|---------------|------------------------------------------------------------------------------------------|--------------------------------------------------|-------------------|----------------|--------------|
|                            | Share capital | Reserves from financial<br>assets at fair value<br>through other<br>comprehensive income | Reserves from<br>defined benefit<br>pension plan | Retained earnings | Other reserves | Total equity |
|                            |               |                                                                                          |                                                  |                   |                |              |
|                            |               |                                                                                          |                                                  |                   |                |              |
| Net Profit for the period  | -             | -                                                                                        | -                                                | 334,354           | -              | 334,354      |
| Other comprehensive income | -             | 40,319                                                                                   | -                                                | -                 | -              | 40,319       |
| March 31, 2025             | 2,515,622     | (1,242,824)                                                                              | 27,012                                           | 7,549,164         | 549,639        | 9,398,614    |

## BRD – Groupe Société Générale S.A. CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CASH FLOWS for the period ended March 31, 2025

|                                                                                                                                                        |                  | for the period ended March 31, 2025 |                                | CONDENSED CONSOLIDATED AND SEPARATE INTERIM STATEMENT OF CASH FLOWS |                                |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|-------------------------------------|--------------------------------|---------------------------------------------------------------------|--------------------------------|
|                                                                                                                                                        |                  | (Amounts in thousands RON)          |                                |                                                                     |                                |
|                                                                                                                                                        |                  | Group                               |                                | Bank                                                                |                                |
|                                                                                                                                                        |                  | Unaudited (*)<br>Three months ended | Restated<br>Three months ended | Unaudited (*)<br>Three months ended                                 | Restated<br>Three months ended |
|                                                                                                                                                        | Note             | March 31, 2025                      | March 31, 2024                 | March 31, 2025                                                      | March 31, 2024                 |
| Cash flows from operating activities                                                                                                                   |                  |                                     |                                |                                                                     |                                |
| Profit before tax                                                                                                                                      |                  | 427,470                             | 400,931                        | 409,248                                                             | 394,210                        |
| Adjustments for:<br>Depreciation and amortization expense                                                                                              | 33               | 67,769                              | 69,094                         | 67,006                                                              | 67,855                         |
| Other non-monetary adjustments<br>(Gain) from impact of equity method for investment in associates and joint ventures                                  |                  | 17,060<br>(4,391)                   | (19,946)<br>(2,180)            | 17,060<br>-                                                         | (19,946)<br>-                  |
| (Gain) /Loss from revaluation of assets at fair value through profit and loss<br>Allocation to and release of impairment of loans and other provisions | 7                | (372)<br>97,470                     | 137<br>85,638                  | (372)<br>85,833                                                     | 137<br>64,272                  |
| Interest income<br>Interest expense                                                                                                                    | 26<br>27         | (1,188,742)<br>430,241              | (1,163,680)<br>447,463         | (1,146,010)<br>413,712                                              | (1,112,221)<br>428,144         |
| Adjusted profit                                                                                                                                        |                  | (153,495)                           | (182,543)                      | (153,523)                                                           | (177,549)                      |
| Changes in operating assets and liabilities                                                                                                            |                  |                                     |                                |                                                                     |                                |
| Deposits with banks<br>Debt securities                                                                                                                 |                  | 3,051,915<br>16,395                 | 2,433,526<br>(31,162)          | 3,051,907<br>16,395                                                 | 2,433,622<br>(31,162)          |
| Sales of financial assets at fair value through profit and loss<br>Acquisition of financial assets at fair value through profit and loss               | 7<br>7           | -<br>-                              | 287<br>(347)                   | -<br>-                                                              | 287<br>(347)                   |
| Loans and advances to customers<br>Lease receivables                                                                                                   |                  | (1,950,994)<br>(18,812)             | (1,085,424)<br>(80,046)        | (1,935,613)<br>-                                                    | (1,080,812)<br>-               |
| Other assets including trading<br>Assets held for sale                                                                                                 |                  | (229,386)<br>-                      | (91,160)<br>36,793             | (226,307)<br>-                                                      | (80,430)<br>98                 |
| Due to banks<br>Due to customers                                                                                                                       |                  | 369,866<br>(1,723,195)              | 259,975<br>525,349             | 369,866<br>(1,758,175)                                              | 259,975<br>475,494             |
| Other liabilities<br>Total changes in operating assets and liabilities                                                                                 |                  | 643,951<br>159,740                  | (190,988)<br>1,776,803         | 647,581<br>165,654                                                  | (182,694)<br>1,794,031         |
| Income tax paid                                                                                                                                        |                  | (315)                               | (35,074)                       | -                                                                   | (35,074)                       |
| Interest paid                                                                                                                                          |                  | (354,634)                           | (321,070)                      | (358,005)                                                           | (323,311)                      |
| Interest received                                                                                                                                      |                  | 1,060,561                           | 1,026,430                      | 1,017,671                                                           | 973,330                        |
| Cash flow from operating activities<br>Investing activities                                                                                            |                  | 711,857                             | 2,264,546                      | 671,797                                                             | 2,231,427                      |
| Acquisition of tangible assets<br>Proceeds from sale of tangible assets                                                                                | 12               | (10,615)<br>54                      | (34,761)<br>1,441              | (10,592)<br>54                                                      | (34,582)<br>1,441              |
| Acquisition of intangible assets<br>Sale of financial assets at fair value through other comprehensive income                                          | 13               | (32,502)<br>1,170,168               | (34,400)<br>4,313              | (32,561)<br>1,170,168                                               | (33,988)<br>4,313              |
| Aquisition of financial assets at fair value through other comprehensive income<br>Interest received                                                   |                  | (731,298)<br>40,818                 | -<br>142,362                   | (731,298)<br>40,818                                                 | -<br>142,362                   |
| Cash flow from investing activities<br>Financing activities                                                                                            |                  | 436,625                             | 78,955                         | 436,589                                                             | 79,546                         |
| Proceeds from borrowings<br>Repayment of borrowings                                                                                                    | 19, 20<br>19, 20 | 201,624<br>(217,336)                | 231,781<br>(248,538)           | 3,260<br>(61)                                                       | 2,465<br>(8,993)               |
| Repayment of principal lease liabilities<br>Interest paid                                                                                              | 12               | (17,744)<br>(74,304)                | (21,154)<br>(88,498)           | (17,413)<br>(53,471)                                                | (20,552)<br>(66,811)           |
| Dividends paid<br>Net cash from financing activities                                                                                                   |                  | -<br>(107,760)                      | (623,185)<br>(749,594)         | -<br>(67,685)                                                       | (623,185)<br>(717,076)         |
| Net movements in cash and cash equivalents                                                                                                             |                  | 1,040,722                           | 1,593,907                      | 1,040,701                                                           | 1,593,897                      |
| The impact of exchange rate variation on cash and cash equivalents<br>Cash and cash equivalents at beginning of the period                             | 4                | (17,060)<br>8,658,035               | 19,946<br>12,461,891           | (17,060)<br>8,657,954                                               | 19,946<br>12,461,819           |
| Cash and cash equivalents at the end of the period                                                                                                     | 4                | 9,681,697                           | 14,075,743                     | 9,681,595                                                           | 14,075,662                     |

The Bank performed reclassifications to enhance presentation and corresponding comparatives have been re-classified accordingly. Cash and cash equivalents were aligned with the presentation in the Statement of financial position. For more details, please refer to note 2 a).

## 1. Corporate information

BRD–Groupe Société Générale (the "Bank" or "BRD") is a joint stock company incorporated in Romania. The Bank commenced business as a state-owned credit institution in 1990 by acquiring assets and liabilities of the former Banca de Investitii. The Bank headquarters and registered office is 1-7 Ion Mihalache Blvd, Bucharest.

BRD together with its subsidiaries (the "Group') offers a wide range of banking and financial services to corporates and individuals, as allowed by law. The Group accepts deposits from the public and grants loans and leases, carries out funds transfer in Romania and abroad, exchanges currencies and provides other financial services for its commercial and retail customers.

Bank's immediate and ultimate controlling party is Société Générale S.A. as of March 31, 2025 (the "Parent" or "SG").

The Bank has as of March 31, 2025 358 units throughout the country (December 31, 2024: 388).

The average number of active employees of the Group during the first quarter of 2025 was 5,742 (2024: 5,912) and the number of active employees of the Group as of the period-end was 5,674 (December 31, 2024: 5,840).

The shareholding structure of the Bank is as follows:

| The average number of active employees of the Bank during the first quarter of 2025 was 5,572 (2024:<br>5,715) and the number of active employees of the Bank as of the period-end was 5,504 (December 31,                                              |                                 |                   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|-------------------|
| The active employees are the full-time employees (excluding maternity leave and long-term sick leave).                                                                                                                                                  |                                 |                   |
| BRD–Groupe Société Générale has been quoted on Bucharest Stock Exchange ("BVB") with the symbol<br>"BRD" since January 15, 2001. The free float shares represent 39.83% from the total shares.<br>The shareholding structure of the Bank is as follows: |                                 |                   |
|                                                                                                                                                                                                                                                         | Unaudited (*)<br>March 31, 2025 | December 31, 2024 |
| Societe Generale                                                                                                                                                                                                                                        | 60.17%                          | 60.17%            |
| Fondul de pensii administrat privat NN                                                                                                                                                                                                                  | 5.61%                           | 5.56%             |
|                                                                                                                                                                                                                                                         |                                 | 4.27%             |
| Fondul de pensii administrat privat AZT Viitorul Tau                                                                                                                                                                                                    | 4.37%                           |                   |
| Fondul de pensii administrat privat Metropolitan Life                                                                                                                                                                                                   | 4.04%                           | 4.04%             |
| Infinity Capital Investments SA                                                                                                                                                                                                                         | 3.95%                           | 3.95%             |
| Legal entities                                                                                                                                                                                                                                          | 16.99%                          | 17.12%            |
| Individuals                                                                                                                                                                                                                                             | 4.86%                           | 4.88%             |

## 2. Basis of preparation

## a) Basis of preparation

The separate interim financial statements as of March 31, 2025 are of the Bank BRD–Groupe Société Générale. The consolidated and separate interim financial statements as of March 31, 2025 and March 31, 2024 are not audited nor reviewed (references included in the interim financial statements and selected explanatory notes). The interim financial statements for the three months ended March 31, 2025 has been prepared in accordance with IAS 34 Interim Financial Reporting as adopted by the European Union.

The interim financial statements include both separate and consolidated financial statements and do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Group's annual financial statements for the year ended December 31, 2024. In accordance with European Regulation 1606/2002 of July 19, 2002 on the application of International Accounting Standards and Order of the National Bank of Romania no. 27/2010 with subsequent amendments, BRD prepared the consolidated and separate financial statements of the Bank and its subsidiaries for the year ended December 31, 2024 in accordance with the International Financial Reporting Standards as adopted by the European Union ("IFRS").

The consolidated financial statements include the consolidated statement of financial position, the consolidated statement of profit or loss, the consolidated statement of comprehensive income, the consolidated statement of changes in shareholders' equity, the consolidated cash flow statement and notes to the consolidated financial statements.

The separate financial statements include the separate statement of financial position, the separate statement of profit or loss, the separate statement of comprehensive income, the separate statement of changes in shareholders' equity, the separate cash flow statement and notes to the separate financial statements.

The consolidated and separate financial statements are presented in Romanian lei ("RON"), which is the Group's and its subsidiaries' functional and presentation currency, rounded to the nearest thousands, except when otherwise indicated. The consolidated and separate financial statements have been prepared on a historical cost basis, except for financial assets at fair value through profit and loss, financial assets through other comprehensive income, derivative financial instruments, other financial assets and liabilities held for trading, which have all been measured at fair value.

The Group and Bank's management has assessed the Group and Bank's ability to continue as a going concern and is satisfied that the Bank has the resources to continue business for the foreseeable future. Furthermore, management is not aware of any material uncertainties that may cast significant doubt upon the Bank's ability to continue as a going concern. Therefore, the consolidated and separate financial statements are prepared on the going concern basis.

For a more relevant presentation in the Statement of profit or loss, similar with the one from the year end 2024 financial statements, the Bank also divided some of the previous categories into new more detailed one such as:, "Gain on derivative, other financial instruments held for trading and foreign exchange" into "Gain from derivatives and other financial instruments held for trading" and "Gain from foreign exchange".

In line with the presentation as at December 31, 2024, the Bank reviewed and corrected the error in the presentation of "Cash and cash equivalents" in the Statement of cash flows and included in "Cash and cash equivalents" also the amounts representing minimum compulsory reserve held at National Bank of Romania. The minimum compulsory reserve can be used by the Bank for its daily activities as long as the average monthly balance is maintained within the required limits, therefore it meets the definition of cash and cash equivalents. Cash and cash equivalents lines in the Statement of cash flows for the comparative period (March 31, 2024) were aligned with the presentation in the Statement of financial position.

## a) Basis of preparation (continued)

| 2.<br>Basis of preparation (continued)<br>Basis of preparation (continued)                                                                                                                                                                                                                                                                                                                                  |                                          |                       |                               |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|-----------------------|-------------------------------|
| a)<br>Furthermore, the Bank also decided to change the presentation in the Statement of cash flows of financial<br>assets at fair value through OCI and, instead of presenting them in operating cash flows, decided to present<br>purchases and sales of these assets in investing cash flows.<br>The Bank disclosed separately the acquisitions and proceeds from sale for tangible assets and separately |                                          |                       |                               |
|                                                                                                                                                                                                                                                                                                                                                                                                             |                                          |                       |                               |
|                                                                                                                                                                                                                                                                                                                                                                                                             |                                          |                       |                               |
| for intangible assets.                                                                                                                                                                                                                                                                                                                                                                                      |                                          |                       |                               |
| The Bank also corrected the error in presentation of cash flow by including the information related to<br>interest and dividends paid and received and adjusted all impacted positions in the statement.                                                                                                                                                                                                    |                                          |                       |                               |
| The Bank believes that such presentation gives reliable and more relevant information about the cash flows.                                                                                                                                                                                                                                                                                                 |                                          |                       |                               |
| Group                                                                                                                                                                                                                                                                                                                                                                                                       | March 31, 2024<br>as previously reported | Effect of restatement | March 31, 2024<br>as restated |
| Statement of cash-flows lines impacted                                                                                                                                                                                                                                                                                                                                                                      |                                          |                       |                               |
| Other non-monetary adjustments                                                                                                                                                                                                                                                                                                                                                                              | -                                        | (19,946)              | (19,946)                      |
| Interest income                                                                                                                                                                                                                                                                                                                                                                                             | -                                        | (1,163,680)           | (1,163,680)                   |
| Interest expense                                                                                                                                                                                                                                                                                                                                                                                            | -                                        | 447,463               | 447,463                       |
| Adjusted profit                                                                                                                                                                                                                                                                                                                                                                                             | 553,620                                  | (736,163)             | (182,543)                     |
| Due from Central Bank                                                                                                                                                                                                                                                                                                                                                                                       | 4,225,803                                | (4,225,803)           | -                             |
| Deposits with banks                                                                                                                                                                                                                                                                                                                                                                                         | (512,811)                                | 2,946,337             | 2,433,526                     |
| Debt securities (previously: Treasury bills at amortised cost)                                                                                                                                                                                                                                                                                                                                              | (43,808)                                 | 12,646                | (31,162)                      |
| Financial assets at fair value through other comprehensive income                                                                                                                                                                                                                                                                                                                                           | 39,334                                   | (39,334)              | -                             |
| Loans and advances to customers                                                                                                                                                                                                                                                                                                                                                                             | (1,088,773)                              | 3,349                 | (1,085,424)                   |
|                                                                                                                                                                                                                                                                                                                                                                                                             |                                          |                       |                               |
| Lease receivables                                                                                                                                                                                                                                                                                                                                                                                           | (80,305)                                 | 259                   | (80,046)                      |
| Other assets including trading                                                                                                                                                                                                                                                                                                                                                                              | (73,930)                                 | (17,230)              | (91,160)                      |
| Due to banks                                                                                                                                                                                                                                                                                                                                                                                                | 259,878                                  | 97                    | 259,975                       |
| Due to customers                                                                                                                                                                                                                                                                                                                                                                                            | 547,970                                  | (22,621)              | 525,349                       |
| Other liabilities                                                                                                                                                                                                                                                                                                                                                                                           | (839,904)                                | 648,916               | (190,988)                     |
| Total changes in operating assets and liabilities                                                                                                                                                                                                                                                                                                                                                           | 2,470,187                                | (693,384)             | 1,776,803                     |
| Interest paid                                                                                                                                                                                                                                                                                                                                                                                               | -                                        | (321,070)             | (321,070)                     |
| Interest received                                                                                                                                                                                                                                                                                                                                                                                           | -                                        | 1,026,430             | 1,026,430                     |
| Cash flow from operating activities                                                                                                                                                                                                                                                                                                                                                                         | 2,988,733                                | (724,187)             | 2,264,546                     |
| Acquisition of tangible assets (previously: Acquisition of tangible and intangible assets)                                                                                                                                                                                                                                                                                                                  | (69,161)                                 | -                     | (34,761)                      |
| Acquisition of intangible assets (previously: Acquisition of tangible and intangible assets)                                                                                                                                                                                                                                                                                                                |                                          |                       | (34,400)                      |
| Sale of financial assets at fair value through other comprehensive income                                                                                                                                                                                                                                                                                                                                   | -                                        | 4,313                 | 4,313                         |
| Interest received                                                                                                                                                                                                                                                                                                                                                                                           | -                                        | 142,362               | 142,362                       |
| Cash flow from investing activities                                                                                                                                                                                                                                                                                                                                                                         | (67,720)                                 | 146,675               | 78,955                        |
| Proceeds from borrowings                                                                                                                                                                                                                                                                                                                                                                                    | 313,231                                  | (81,450)              | 231,781                       |
| Repayment of borrowings                                                                                                                                                                                                                                                                                                                                                                                     | (314,614)                                | 66,076                | (248,538)                     |
| Interest paid                                                                                                                                                                                                                                                                                                                                                                                               | -                                        | (88,498)              | (88,498)                      |
| Dividends paid                                                                                                                                                                                                                                                                                                                                                                                              | -                                        | (623,185)             | (623,185)                     |
| Net cash from financing activities                                                                                                                                                                                                                                                                                                                                                                          | (22,537)                                 | (727,057)             | (749,594)                     |
| Net movements in cash and cash equivalents                                                                                                                                                                                                                                                                                                                                                                  | 2,898,476                                | (1,304,569)           | 1,593,907                     |
| The impact of exchange rate variation on cash and cash equivalents                                                                                                                                                                                                                                                                                                                                          | -                                        | 19,946                | 19,946                        |
| Cash and cash equivalents at beginning of the period                                                                                                                                                                                                                                                                                                                                                        | 7,138,115                                | 5,323,776             | 12,461,891                    |
| Cash and cash equivalents at the end of the period                                                                                                                                                                                                                                                                                                                                                          | 10,036,591                               | 4,039,153             | 14,075,743                    |

## 2. Basis of preparation (continued)

#### a) Basis of preparation (continued)

|                                                                                              | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                       |                               |  |  |  |
|----------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|-------------------------------|--|--|--|
| 2.<br>Basis of preparation (continued)                                                       |                                                                                                                                                                 |                       |                               |  |  |  |
| a)<br>Basis of preparation (continued)                                                       |                                                                                                                                                                 |                       |                               |  |  |  |
| Bank                                                                                         | March 31, 2024<br>as previously reported                                                                                                                        | Effect of restatement | March 31, 2024<br>as restated |  |  |  |
| Statement of cash-flows lines impacted                                                       |                                                                                                                                                                 |                       |                               |  |  |  |
| Other non-monetary adjustments                                                               | -                                                                                                                                                               | (19,946)              | (19,946)                      |  |  |  |
| Interest income                                                                              | -                                                                                                                                                               | (1,112,221)           | (1,112,221)                   |  |  |  |
| Interest expense                                                                             | -                                                                                                                                                               | 428,144               | 428,144                       |  |  |  |
| Adjusted profit                                                                              | 526,474                                                                                                                                                         | (704,023)             | (177,549)                     |  |  |  |
| Due from Central Bank                                                                        | 4,225,812                                                                                                                                                       | (4,225,812)           | -                             |  |  |  |
| Deposits with banks                                                                          | (512,658)                                                                                                                                                       | 2,946,280             | 2,433,622                     |  |  |  |
| Debt securities (previously: Treasury bills at amortised cost)                               | (43,808)                                                                                                                                                        | 12,646                | (31,162)                      |  |  |  |
| Financial assets at fair value through other comprehensive income                            | 39,334                                                                                                                                                          | (39,334)              | -                             |  |  |  |
| Loans and advances to customers                                                              | (1,085,773)                                                                                                                                                     | 4,961                 | (1,080,812)                   |  |  |  |
| Other assets including trading                                                               | (63,200)                                                                                                                                                        | (17,230)              | (80,430)                      |  |  |  |
| Due to banks                                                                                 | 259,878                                                                                                                                                         | 97                    | 259,975                       |  |  |  |
| Due to customers                                                                             | 498,115                                                                                                                                                         | (22,621)              | 475,494                       |  |  |  |
| Other liabilities                                                                            | (831,964)                                                                                                                                                       | 649,270               | (182,694)                     |  |  |  |
| Total changes in operating assets and liabilities                                            | 2,485,774                                                                                                                                                       | (691,743)             | 1,794,031                     |  |  |  |
| Interest paid                                                                                | -                                                                                                                                                               | (323,311)             | (323,311)                     |  |  |  |
| Interest received                                                                            | -                                                                                                                                                               | 973,330               | 973,330                       |  |  |  |
| Cash flow from operating activities                                                          | 2,977,174                                                                                                                                                       | (745,747)             | 2,231,427                     |  |  |  |
| Acquisition of tangible assets (previously: Acquisition of tangible and intangible assets)   |                                                                                                                                                                 |                       | (34,582)                      |  |  |  |
| Acquisition of intangible assets (previously: Acquisition of tangible and intangible assets) | (68,570)                                                                                                                                                        | -                     | (33,988)                      |  |  |  |
| Sale of financial assets at fair value through other comprehensive income                    | -                                                                                                                                                               | 4,313                 | 4,313                         |  |  |  |
| Interest received                                                                            | -                                                                                                                                                               | 142,362               | 142,362                       |  |  |  |
| Cash flow from investing activities                                                          | (67,129)                                                                                                                                                        | 146,675               | 79,546                        |  |  |  |
| Proceeds from borrowings                                                                     | 82,657                                                                                                                                                          | (80,192)              | 2,465                         |  |  |  |
| Repayment of borrowings                                                                      | (73,685)                                                                                                                                                        | 64,692                | (8,993)                       |  |  |  |
| Interest paid                                                                                | -                                                                                                                                                               | (66,811)              | (66,811)                      |  |  |  |
| Dividends paid                                                                               | -                                                                                                                                                               | (623,185)             | (623,185)                     |  |  |  |
| Net cash from financing activities                                                           | (11,580)                                                                                                                                                        | (705,496)             | (717,076)                     |  |  |  |
| Net movements in cash and cash equivalents                                                   | 2,898,465                                                                                                                                                       | (1,304,568)           | 1,593,897                     |  |  |  |
| The impact of exchange rate variation on cash and cash equivalents                           | -                                                                                                                                                               | 19,946                | 19,946                        |  |  |  |
| Cash and cash equivalents at beginning of the period                                         | 7,138,043                                                                                                                                                       | 5,323,776             | 12,461,819                    |  |  |  |
| Cash and cash equivalents at the end of the period                                           | 10,036,508                                                                                                                                                      | 4,039,154             | 14,075,662                    |  |  |  |

#### b) Basis for consolidation

The consolidated financial statements comprise the financial statements of BRD–Groupe Société Générale and its subsidiaries as of March 31, 2025. The financial statements of the subsidiaries are prepared for the same reporting period, using consistent accounting policies.

A subsidiary is an entity over which the Bank exercises control. An investor controls an investee when it is exposed or has rights to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The consolidated financial statements include the financial statements of BRD–Groupe Société Générale and the following subsidiaries: BRD Sogelease IFN S.A. (99.98% ownership, 2024: 99.98%), BRD Finance S.A. (49% ownership, 2024: 49%) and BRD Asset Management SAI S.A. (99.98% ownership, 2024: 99.98%).

According to IFRS 12 9(b), the Group controls BRD Finance S.A. even though it holds less than half of the voting rights, through the power to govern the financial and operating policies of the entity under various agreements.

All intercompany transactions, balances and unrealized gains and losses on transactions between consolidated entities are eliminated on consolidation.

Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Bank obtains control and continue to be consolidated until the date such control ceases.

The accompanying notes are an integral part of this condensed interim financial statements.

## b) Basis for consolidation (continued)

|                                                         |                                                                     | BRD – Groupe Société Générale S.A.<br>NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                  |
|---------------------------------------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|
| 2.                                                      | Basis of preparation (continued)                                    |                                                                                                                                                                                                       |                  |
| b)                                                      | Basis for consolidation (continued)                                 |                                                                                                                                                                                                       |                  |
|                                                         |                                                                     | financial position, statement of profit or loss, statement of changes in equity and statement of                                                                                                      |                  |
| comprehensive income, respectively.                     | financial statements at cost less impairment adjustment.            | The Bank is accounting for the investments in subsidiaries, associates and joint ventures in the separate                                                                                             |                  |
| Group                                                   |                                                                     |                                                                                                                                                                                                       |                  |
| Associates<br>BRD Asigurari de Viata SA                 | Field of activity<br>Insurance                                      | Address<br>58-60 Gheorghe Polizu Street, Bucharest Corporate Center building, floor 8 (zone                                                                                                           | %<br>49.00%      |
| Biroul de Credit S.A.<br>BRD Sogelease Asset Rental SRL | Financial institution<br>Operational leasing                        | 3) and floor 9, district 1, Bucharest<br>29 Sfanta Vineri Street, floor 4, district 3, Bucharest<br>1-7, Ion Mihalache Street, Bucharest                                                              | 16.38%<br>20.00% |
| Joint ventures<br>CIT One SA                            | Cash protection and guard                                           | 319L Splaiul Independentei Street, Paris Building/A1, 1st floor, district 6,                                                                                                                          | 33.33%           |
| Bank                                                    |                                                                     | Bucharest                                                                                                                                                                                             |                  |
|                                                         | Field of activity                                                   | Address                                                                                                                                                                                               | %                |
| Associates<br>BRD Asigurari de Viata SA                 | Insurance                                                           | 58-60 Gheorghe Polizu Street, Bucharest Corporate Center building, floor 8 (zone                                                                                                                      | 49.00%           |
| Biroul de Credit S.A.<br>Joint ventures                 | Financial institution                                               | 3) and floor 9, district 1, Bucharest<br>29 Sfanta Vineri Street, floor 4, district 3, Bucharest                                                                                                      | 16.38%           |
| CIT One SA                                              | Cash protection and guard                                           | 319L Splaiul Independentei Street, Paris Building/A1, 1st floor, district 6,<br>Bucharest                                                                                                             | 33.33%           |
| Subsidiaries                                            |                                                                     |                                                                                                                                                                                                       |                  |
| BRD Sogelease IFN SA<br>BRD Finance SA                  | Financial lease<br>Financial institution - non-going concern entity | 1-7, Ion Mihalache Street, floor 12, district 1, Bucharest<br>1-7, Ion Mihalache Street, floor 15, district 1, Bucharest                                                                              | 99.98%<br>49.00% |

## BRD Finance S.A.

In accordance with IAS 1 "Presentation of financial statements", paragraph 25, when preparing financial statements, management should perform an assessment of an entity's ability to continue as a going concern.

As of 31 March 2025, the management of the Company assessed that the going concern assumption is not appropriate, considering all available information about the future development of the Company's activity.

As of December 31, 2023 BRD Finance SA was in a run off process and entered into a process for selling its entire loan portfolio. During 2024 BRD Finance SA sold its entire loan portfolio, previously reclassified into held for sale, to a third party. Therefore, as at March 31, 2025 and December 31, 2024 the BRD Finance SA financial statements were prepared in compliance with IFRS, but no longer on a going concern basis.

The entity has been included in the consolidated financial statements of the Group on this basis and as at March 31, 2025 and December 31, 2024 it was consolidated applying full consolidation method. Starting August 22, 2024 the entity was no longer registered as a non-banking financial institution in the National Registry and as such no longer supervised by NBR.

## BRD Societate de Administrare a Fondurilor de Pensii Private SA

In May 2024 there were signed the Business Transfer Agreement and the Sale Purchase Agreement for the sale of investment in associate BRD Societate de Administrare a Fondurilor de Pensii Private SA together with Pillar 2 and 3 to a third party. BRD–Groupe Société Générale decided to reclassify the investment from Investments in associates into Assets held for sale.

## c) Changes in accounting policies and adoption of revised/amended IFRS

The accounting policies adopted are consistent with those of the previous financial year except for the following amended IFRSs which have been adopted by the Group/Bank as of 1 January 2025. The impact of the application of these new and revised IFRSs has been reflected in the financial statements and was estimated as not being material, except disclosures already presented in the Notes.

## IFRS 16 Leases: Lease Liability in a Sale and Leaseback (Amendments)

The amendments relate to the sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale. The amendments require the seller-lessee to subsequently measure liabilities arising from the transaction and in a way that it does not recognise any gain or loss related to the right of use that it retained. This means deferral of such a gain even if the obligation is to make variable payments that do not depend on an index or a rate.

No material impact for Group and the Bank was identified from the application of these amendments.

## IAS 1 Presentation of Financial Statements: Classification of Liabilities as Current or Noncurrent (Amendments)

These amendments clarify that liabilities are classified as either current or non-current, depending on the rights that exist at the end of the reporting period. Liabilities are non-current if the entity has a substantive right, at the end of the reporting period, to defer settlement for at least twelve months. The guidance no longer requires such a right to be unconditional. The October 2022 amendment established that loan covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. Management's expectations whether they will subsequently exercise the right to defer settlement do not affect classification of liabilities. A liability is classified as current if a condition is breached at or before the reporting date even if a waiver of that condition is obtained from the lender after the end of the reporting period. Conversely, a loan is classified as non-current if a loan covenant is breached only after the reporting date. In addition, the amendments include clarifying the classification requirements for debt a company might settle by converting it into equity. 'Settlement' is defined as the extinguishment of a liability with cash, other resources embodying economic benefits or an entity's own equity instruments. There is an exception for convertible instruments that might be converted into equity, but only for those instruments where the conversion option is classified as an equity instrument as a separate component of a compound financial instrument.

No material impact for Group and the Bank was identified from the application of these amendments.

## IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments Disclosure - Supplier Finance Arrangements (Amendments)

In response to concerns of the users of financial statements about inadequate or misleading disclosure of financing arrangements, in May 2023, the IASB issued amendments to IAS 7 and IFRS 7 to require disclosure about entity's supplier finance arrangements (SFAs). These amendments require the disclosures of the entity's supplier finance arrangements that would enable the users of financial statements to assess the effects of those arrangements on the entity's liabilities and cash flows and on the entity's exposure to liquidity risk. The purpose of the additional disclosure requirements is to enhance the transparency of the supplier finance arrangements. The amendments do not affect recognition or measurement principles but only disclosure requirements.

No material impact for Group and the Bank was identified from the application of these amendments.

## d) Standards and interpretations that are issued but have not yet come into effect

## Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability (Amendments)

In August 2023, the IASB issued amendments to IAS 21 to help entities assess exchangeability between two currencies and determine the spot exchange rate, when exchangeability is lacking. An entity is impacted by the amendments when it has a transaction or an operation in a foreign currency that is not exchangeable into another currency at a measurement date for a specified purpose. The amendments to IAS 21 do not provide detailed requirements on how to estimate the spot exchange rate. Instead, they set out a framework under which an entity can determine the spot exchange rate at the measurement date. When applying the new requirements, it is not permitted to restate comparative information. It is required to translate the affected amounts at estimated spot exchange rates at the date of initial application, with an adjustment to retained earnings or to the reserve for cumulative translation differences.

## Amendments to IFRS 9 and IFRS 7: Amendments to the Classification and Measurement of Financial Instruments

On 30 May 2024, the IASB issued amendments to IFRS 9 and IFRS 7 to:

(a) clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities settled through an electronic cash transfer system;(b) clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal and interest (SPPI) criterion;(c) add new disclosures for certain instruments with contractual terms that can change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) targets); and (d) update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI).

#### Amendments to IFRS 9 and IFRS 7: Contracts Referencing Nature-dependent Electricity

The IASB has issued amendments to help companies better report the financial effects of nature-dependent electricity contracts, which are often structured as power purchase agreements (PPAs). Current accounting requirements may not adequately capture how these contracts affect a company's performance. To allow companies to better reflect these contracts in the financial statements, the IASB has made targeted amendments to IFRS 9, Financial Instruments, and IFRS 7, Financial Instruments: Disclosures. The amendments include: (a) clarifying the application of the 'own-use' requirements; (b) relaxing certain hedge accounting requirements if these contracts are used as hedging instruments; and (c) adding new disclosure requirements to enable investors to understand the effect of these contracts on financial performance and cash flows.

## Annual Improvements to IFRS Accounting Standards

IFRS 1 was clarified that a hedge should be discontinued upon transition to IFRS Accounting Standards if it does not meet the 'qualifying criteria', rather than 'conditions' for hedge accounting, in order to resolve a potential confusion arising from an inconsistency between the wording in IFRS 1 and the requirements for hedge accounting in IFRS 9. IFRS 7 requires disclosures about a gain or loss on derecognition relating to financial assets in which the entity has a continuing involvement, including whether fair value measurements included 'significant unobservable inputs'. This new phrase replaced reference to 'significant inputs that were not based on observable market data'.

## d) Standards and interpretations that are issued but have not yet come into effect (continued)

The amendment makes the wording consistent with IFRS 13. In addition, certain IFRS 7 implementation guidance examples were clarified and text added that the examples do not necessarily illustrate all the requirements in the referenced paragraphs of IFRS 7. IFRS 16 was amended to clarify that when a lessee has determined that a lease liability has been extinguished in accordance with IFRS 9, the lessee is required to apply IFRS 9 guidance to recognise any resulting gain or loss in profit or loss. This clarification applies to lease liabilities that are extinguished on or after the beginning of the annual reporting period in which the entity first applies that amendment. In order to resolve an inconsistency between IFRS 9 and IFRS 15, trade receivables are now required to be initially recognised at 'the amount determined by applying IFRS 15' instead of at 'their transaction price (as defined in IFRS 15)'. IFRS 10 was amended to use less conclusive language when an entity is a 'de-facto agent' and to clarify that the relationship described in paragraph B74 of IFRS 10 is just one example of a circumstance in which judgement is required to determine whether a party is acting as a de-facto agent. IAS 7 was corrected to delete references to 'cost method' that was removed from IFRS Accounting Standards in May 2008 when the IASB issued amendment 'Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate'.

## IFRS 18 Presentation and Disclosure in Financial Statements

In April 2024, the IASB has issued IFRS 18, the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. The key new concepts introduced in IFRS 18 relate to:

- the structure of the statement of profit or loss;
- required disclosures in the financial statements for certain profit or loss performance measures that are reported outside an entity's financial statements (that is, management-defined performance measures); and
- enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general.

IFRS 18 will replace IAS 1; many of the other existing principles in IAS 1 are retained, with limited changes. IFRS 18 will not impact the recognition or measurement of items in the financial statements, but it might change what an entity reports as its 'operating profit or loss'. IFRS 18 will apply for reporting periods beginning on or after 1 January 2027 and also applies to comparative information.

## IFRS 19 Subsidiaries without Public Accountability

The International Accounting Standard Board (IASB) has issued a new IFRS Accounting Standard for subsidiaries. IFRS 19 permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures. Applying IFRS 19 will reduce the costs of preparing subsidiaries' financial statements while maintaining the usefulness of the information for users of their financial statements. Subsidiaries using IFRS Accounting Standards for their own financial statements provide disclosures that maybe disproportionate to the information needs of their users. IFRS 19 will resolve these challenges by:

- enabling subsidiaries to keep only one set of accounting records to meet the needs of both their parent company and the users of their financial statements;
- reducing disclosure requirements IFRS 19 permits reduced disclosure better suited to the needs of the users of their financial statements.

## d) Standards and interpretations that are issued but have not yet come into effect (continued)

## Amendments published but rejected or deferred by the EU:

## IFRS 14 Regulatory Deferral Accounts

IFRS 14 permits first-time adopters to continue to recognise amounts related to rate regulation in accordance with their previous GAAP requirements when they adopt IFRS. However, to enhance comparability with entities that already apply IFRS and do not recognise such amounts, the standard requires that the effect of rate regulation must be presented separately from other items. An entity that already presents IFRS financial statements is not eligible to apply the standard.

## Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to IFRS 10 and IAS 28

These amendments address an inconsistency between the requirements in IFRS 10 and those in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The main consequence of the amendments is that a full gain or loss is recognised when a transaction involves a business. A partial gain or loss is recognised when a transaction involves assets that do not constitute a business, even if these assets are held by a subsidiary.

#### e) Significant accounting judgments and estimates

In the process of applying the Group and Bank's accounting policies, management is required to use its judgments and make estimates in determining the amounts recognized in the consolidated and separate financial statements. The most significant use of judgments and estimates are as follows:

#### Fair value of financial instruments

Where the fair values of financial assets and financial liabilities recorded on the statement of financial position cannot be derived from active markets, they are determined using a variety of valuation techniques that include the use of mathematical models. The inputs to these models are derived from observable market data where possible, but where observable market data are not available, judgment is required to establish fair values. The judgments include considerations of liquidity and model inputs such as volatility for longer dated derivatives and discount rates, prepayment rates and default rate assumptions for asset backed securities. The valuation of financial instruments is described in more details in Note 41.

## Expected credit losses on financial assets at amortised cost and FVOCI

Measurement of ECLs is a significant estimate that involves determination of methodology, models and data inputs consistent with those at December 31, 2024. The following components have a major impact on expected credit losses: definition of default, SICR, probability of default ("PD"), exposure at default ("EAD"), and loss given default ("LGD"), as well as models of macro-economic scenarios ("FLI").

## e) Significant accounting judgments and estimates (continued)

The main considerations for the loan impairment assessment include whether any payments of principal or interest are overdue by more than 90 days, whether a severe alteration in the counterparty's financial standing is observed, entailing a high probability that the debtor will not be able to fully meet its credit obligations, whether concessions in the form of restructuring were consented under the circumstances of financial hardship experienced by the debtor, whether legal procedures were initiated or the debtor was transferred to specialized recovery structures (regardless of the number of days past due).

Please refer to note 9 for more details.

The Bank's expected credit loss model (ECL) relies on several underlying assumptions regarding the choice of variable inputs and their interdependencies, which affect the level of allowances:

- The internal credit grating model, which assigns probabilities of default (PDs) to the individual grades
- The criteria defined (both in relative and absolute terms) for the assessment of significant increase in credit risk since initial recognition and consequently the computation of allowances based on life time expected credit loss (LTECL)
- The grouping of financial assets when their ECL is measured on a collective basis
- The development of ECL model, including the various formulas and the choice of inputs
- The macroeconomic scenarios and their probability weightings based on which ECL is derived
- The inputs and models used for calculating ECL may not always capture all characteristics of the market at the date of the financial statements. To reflect this, the Bank assesses the need/opportunity for additional amounts of provisions in the form of overlays, in order to address:
	- sector of activity specific risks (adjustment of ECL on sectors that have a different default behavior from the whole calibration segment);
	- visible macroeconomic threat impossible to be captured by the models (typically, when the predicted stress did not occur in the observed past serving as a base for models).
- For individually significant loans and advances, the Group and Bank identify and quantify the expected future cash flows to be used for a total or partial reimbursement of the obligations, based on the capacity of the client/business to generate revenues, proceeds resulting from sale of collaterals and other clearly identified sources of repayment. The individual assessment threshold is defined in between 500 - 1,500 thousand EUR, depending on the client type and customers' management departments.

## Provisions for other risks and charges

The Bank operates in a regulatory and legal environment that, by nature has a heightened element of litigation risk inherent to its operations and, as a result it is involved in various litigations or is subject to various obligations arising from legislation in force. When the Bank can reliably measure the outflow of economic benefits in relation to a specific case and considers such outflows to be probable, the Bank records a provision against the case, as mentioned in this note. Where the probability of outflow is considered to be remote, or probable, but a reliable estimate cannot be made, a contingent liability is disclosed.

Generally, the first step is to establish the existence of the present obligation followed by the estimation of the amount needed to settle that obligation considering a number of factors including legal advice, the stage of the matter and historical evidence from similar incidents. Significant judgment is required to conclude on these estimates.

## e) Significant accounting judgments and estimates (continued)

In case of litigations:

i. For a single individual litigation the Bank assess whether there is more likely than not to have an unfavourable court decision considering the factors mentioned above; then it estimates the amount at risk; in case there are several scenarios possible with different outcomes, the amount at risk is the weighted average of the amounts at risk for each scenario using the probability distribution for all scenarios (100% is allocated to the possible scenarios) and provisions 100% of the estimated amount;

ii. For multiple litigations, the assessment of "more likely than not" could be substantiated for the entire population using statistics and provision computation to be made at pool level.

In case of obligations arising from various legislation, the bank assesses first if there is no realistic alternative of settling that obligation, and if not, it estimates the amount needed to settle that obligation (using similar approach as above) and books provisions representing 100% of the estimated amount.

Please refer to Note 21 and Note 40 for more details.

## f) Segment information

A segment is a component of the Group and Bank:

- that engages in business activity from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity);
- whose operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance and
- for which distinct financial information is available.

The Group and Bank's segment reporting is based on the following segments: Retail including Individuals and Small Business, Non-retail including Small and Medium Enterprises ("SMEs") and Large corporate and Corporate Center including: treasury activities, ALM and other categories unallocated to the business lines mentioned above (fixed assets, taxes, equity investments, etc.).

## 3. Segment information

The segments used for management purposes are based on customer type and size, products and services offered and follow the aggregation criteria from IFRS 8.

The operating segments' operating results are regularly reviewed by the Group's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance.

Each segment is assessed both from Statement of financial position and Statement of profit or loss perspective.

In Retail (Individuals & Small Business) category the following customer's segments are identified:

- Individuals the Bank provides individual customers with a range of banking products such as: saving and deposits taking, consumer and housing loans, overdrafts, credit card facilities, funds transfer and payment facilities, etc.
- Small business business entities with annual turnover lower than EUR 1 million and having an aggregated exposure at group level less than EUR 0.3 million. Standardised range of banking products is offered to small companies and professional: saving and deposits taking, loans and other credit facilities, etc.

Retail customers include clients with similar characteristics in terms of financing needs, complexity of the activity performed and size of business for which a range of banking products and services with medium to low complexity is provided.

In Non–Retail category the following customer's segments are identified:

- Small and medium enterprises (companies with annual turnover between 1 million EUR and 50 million EUR and the aggregated exposure at group level higher than 0.3 million EUR);
- Large corporate (corporate banking and companies with annual turnover higher than 50 million EUR, municipalities, public sector and other financial institutions).

The Bank provides these customers with a range of banking products and services, including saving and deposits taking, loans and other credit facilities, transfers and payment services, provides cashmanagement, investment advices, securities business, project and structured finance transaction, syndicated loans and asset backed transactions.

The Corporate Center includes: treasury activities, ALM and other categories unallocated to Retail and Non-Retail business lines.

The Executive Committee monitors the activity of each segment separately for the purpose of making decisions about resource allocation and performance assessment.

#### 3. Segment information (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>Segment information (continued) |                    |                    | (Amounts in thousands RON)                      | as at and for the period ended March 31, 2025 |                              |                              |                                                 |                           |
|------------------------------------------------------------------------------------------------------------------|--------------------|--------------------|-------------------------------------------------|-----------------------------------------------|------------------------------|------------------------------|-------------------------------------------------|---------------------------|
|                                                                                                                  |                    | Unaudited (*)      |                                                 | Group                                         |                              | Unaudited (*)                |                                                 |                           |
|                                                                                                                  | Total              | Retail             | Three months ended March 31, 2025<br>Non retail | Corporate<br>Center                           | Total                        | Retail                       | Three months ended March 31, 2024<br>Non retail | Corporate<br>Center       |
| Net interest income                                                                                              | 758,501<br>240,100 | 462,482<br>175,587 | 227,426<br>76,025                               | 68,593<br>(11,512)                            | 716,217<br>186,115<br>82,332 | 425,905<br>117,891<br>18,954 | 216,907<br>65,603<br>24,386                     | 73,405<br>2,621<br>38,992 |
| Fees and commissions, net<br>Total non-interest income                                                           | 81,311             | 24,002             | 26,866                                          | 30,443                                        |                              |                              |                                                 |                           |
| Net banking income                                                                                               | 1,079,912          | 662,071            | 330,317                                         | 87,524                                        | 984,664                      | 562,750                      | 306,896                                         | 115,018                   |
| Total operating expenses                                                                                         | (573,400)          | (385,969)          | (149,510)                                       | (37,922)                                      | (529,470)                    | (367,967)                    | (147,693)                                       | (13,810)                  |
| Net impairment gain/(loss) on financial instruments                                                              | (79,041)           | (79,089)           | 619                                             | (572)                                         | (54,263)                     | (68,635)                     | 16,784                                          | (2,412)                   |
| Total income tax                                                                                                 | (77,688)           | (35,818)           | (32,984)                                        | (8,886)                                       | (74,586)                     | (23,467)                     | (32,738)                                        | (18,381)                  |
| Net profit for the period                                                                                        | 349,783            | 161,196            | 148,442                                         | 40,145                                        | 326,345                      | 102,682                      | 143,248                                         | 80,415                    |

#### 3. Segment information (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>Segment information (continued) |            |            |                              | BRD – Groupe Société Générale S.A.<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |            |            |                                 |                  |
|------------------------------------------------------------------------------------------------------------------|------------|------------|------------------------------|-------------------------------------------------------------------------------------------------------------------|------------|------------|---------------------------------|------------------|
|                                                                                                                  |            |            |                              | Group                                                                                                             |            |            |                                 |                  |
|                                                                                                                  |            |            | March 31, 2025 Unaudited (*) |                                                                                                                   |            |            | December 31, 2024<br>Non retail | Corporate Center |
|                                                                                                                  | Total      | Retail     | Non retail                   | Corporate Center                                                                                                  | Total      | Retail     |                                 |                  |
| Total assets                                                                                                     | 88,162,113 | 29,343,475 | 22,272,347                   | 36,546,291                                                                                                        | 88,479,703 | 28,596,010 | 21,132,667                      | 38,751,026       |
| Loans and advances to customers, net &<br>Finance lease receivables                                              | 51,615,822 | 29,343,475 | 22,272,347                   | -                                                                                                                 | 49,728,677 | 28,596,010 | 21,132,667                      | -                |
| Other assets                                                                                                     | 36,546,291 | -          | -                            | 36,546,291                                                                                                        | 38,751,026 | -          | -                               | 38,751,026       |
| Total liabilities                                                                                                | 88,162,113 | 42,787,003 | 23,411,975                   | 21,963,135                                                                                                        | 88,479,703 | 44,319,868 | 23,615,274                      | 20,544,561       |

## 4. Cash and cash equivalents

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | STATEMENTS                 |                                               |                   |                      |
|--------------------------------------------------------------------|----------------------------|-----------------------------------------------|-------------------|----------------------|
|                                                                    |                            |                                               |                   |                      |
|                                                                    |                            | as at and for the period ended March 31, 2025 |                   |                      |
|                                                                    | (Amounts in thousands RON) |                                               |                   |                      |
|                                                                    |                            |                                               |                   |                      |
| 4.<br>Cash and cash equivalents                                    |                            |                                               |                   |                      |
|                                                                    |                            |                                               |                   |                      |
|                                                                    |                            | Group                                         | Bank              |                      |
|                                                                    | Unaudited (*)              |                                               | Unaudited (*)     |                      |
|                                                                    | March 31,<br>2025          | December 31,<br>2024                          | March 31,<br>2025 | December 31,<br>2024 |
| Cash in vaults and ATM                                             | 2,638,817                  | 2,455,239                                     | 2,638,715         | 2,455,158            |
| Current accounts with Central Bank                                 | 4,499,019                  | 5,096,004                                     | 4,499,019         | 5,096,004            |
| Current accounts and placements with other banks                   | 2,543,861                  | 1,106,792                                     | 2,543,861         | 1,106,792            |
| Total                                                              | 9,681,697                  | 8,658,035                                     | 9,681,595         | 8,657,954            |
|                                                                    |                            |                                               |                   |                      |
|                                                                    |                            |                                               |                   |                      |
|                                                                    |                            |                                               |                   |                      |
| 5.<br>Due from banks                                               |                            |                                               |                   |                      |
|                                                                    | Group                      |                                               | Bank              |                      |
|                                                                    | Unaudited (*)              |                                               | Unaudited (*)     |                      |
|                                                                    | March 31,<br>2025          | December 31,<br>2024                          | March 31,<br>2025 | December 31,<br>2024 |
| Current accounts at Romanian banks                                 | 104,956                    | 50,482                                        | 104,956           | 50,482               |
| Current accounts at foreign banks                                  | 246,607                    | 213,412                                       | 246,607           | 213,412              |
|                                                                    | 2,900,972                  | 6,049,529                                     | 2,900,972         | 6,049,529            |
| Reverse repo<br>Total                                              | 3,252,535                  | 6,313,423                                     | 3,252,534         | 6,313,423            |

## 5. Due from banks

|                                    | March 31, | December 31, | March 31, | December 31, |
|------------------------------------|-----------|--------------|-----------|--------------|
|                                    | 2025      | 2024         | 2025      | 2024         |
| Current accounts at Romanian banks | 104,956   | 50,482       | 104,956   | 50,482       |
| Current accounts at foreign banks  | 246,607   | 213,412      | 246,607   | 213,412      |
| Reverse repo                       | 2,900,972 | 6,049,529    | 2,900,972 | 6,049,529    |
|                                    |           |              |           |              |

## 6. Derivatives and other financial instruments held for trading

|                                                                                                                               | March 31,<br>2025 | December 31,<br>2024     | March 31,<br>2025 | December 31,<br>2024    |
|-------------------------------------------------------------------------------------------------------------------------------|-------------------|--------------------------|-------------------|-------------------------|
| Current accounts at Romanian banks                                                                                            | 104,956           | 50,482                   | 104,956           | 50,482                  |
| Current accounts at foreign banks                                                                                             | 246,607           | 213,412                  | 246,607           | 213,412                 |
| Reverse repo                                                                                                                  | 2,900,972         | 6,049,529                | 2,900,972         | 6,049,529               |
|                                                                                                                               |                   |                          |                   |                         |
|                                                                                                                               |                   |                          |                   |                         |
| 6.<br>Derivatives and other financial instruments held for trading<br>Group                                                   |                   |                          |                   |                         |
| Unaudited (*)                                                                                                                 |                   |                          | March 31, 2025    |                         |
|                                                                                                                               |                   | Assets                   | Liabilities       | Notional (total)        |
| Interest rate swaps                                                                                                           |                   | 23,286                   | 130,605           | 4,078,133               |
| Currency swaps                                                                                                                |                   | 14,152                   | 15,207            | 3,366,628               |
| Forward foreign exchange contracts                                                                                            |                   | 12,830                   | 14,531            | 2,040,224               |
| Options<br>Total derivative financial instruments                                                                             |                   | 35,492<br>85,760         | 35,612<br>195,955 | 7,058,022<br>16,543,007 |
|                                                                                                                               |                   |                          |                   |                         |
|                                                                                                                               |                   | March 31, 2025<br>Assets | Liabilities       |                         |
| Treasury notes                                                                                                                |                   | 736,213                  | 314,082           |                         |
| Trading loans/deposits                                                                                                        |                   | 370,606                  | 478,092           |                         |
| Reverse repo/Repo                                                                                                             |                   | 568,749                  | 183,455           |                         |
| Total financial assets and liabilities held for trading<br>Total derivatives and other financial instruments held for trading |                   | 1,675,568                | 975,629           |                         |

## 6. Derivatives and other financial instruments held for trading (continued)

|                                                                                                                                                                              | STATEMENTS                                                                  | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|--------------------------------------------------------------------|------------------------|
|                                                                                                                                                                              | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                                                                    |                        |
| 6.<br>Derivatives and other financial instruments held for trading (continued)                                                                                               |                                                                             |                                                                    |                        |
|                                                                                                                                                                              |                                                                             |                                                                    |                        |
| Group                                                                                                                                                                        | Assets                                                                      | December 31, 2024<br>Liabilities                                   | Notional (total)       |
| Interest rate swaps                                                                                                                                                          | 35,248                                                                      | 151,439                                                            | 5,529,920              |
| Currency swaps                                                                                                                                                               | 46,120                                                                      | 11,324                                                             | 4,651,924              |
| Forward foreign exchange contracts                                                                                                                                           | 21,945                                                                      | 10,937                                                             | 1,700,164              |
| Options                                                                                                                                                                      | 38,556                                                                      | 38,672                                                             | 6,536,794              |
| Total derivative financial instruments                                                                                                                                       | 141,869                                                                     | 212,372                                                            | 18,418,802             |
|                                                                                                                                                                              | December 31, 2024                                                           |                                                                    |                        |
|                                                                                                                                                                              | Assets                                                                      | Liabilities                                                        |                        |
| Treasury notes                                                                                                                                                               | 809,797                                                                     | 226,548                                                            |                        |
| Trading loans/deposits                                                                                                                                                       | 224,827                                                                     | -                                                                  |                        |
| Reverse repo/Repo                                                                                                                                                            | 666,069                                                                     | 85,090                                                             |                        |
| Total financial assets and liabilities held for trading                                                                                                                      | 1,700,693                                                                   | 311,638                                                            |                        |
| Total derivatives and other financial instruments held for trading                                                                                                           | 1,842,562                                                                   | 524,010                                                            |                        |
|                                                                                                                                                                              |                                                                             |                                                                    |                        |
| Bank<br>Unaudited (*)                                                                                                                                                        |                                                                             | March 31, 2025                                                     |                        |
|                                                                                                                                                                              | Assets                                                                      | Liabilities                                                        | Notional (total)       |
| Interest rate swaps                                                                                                                                                          | 23,286                                                                      | 130,605                                                            | 4,078,133              |
| Currency swaps                                                                                                                                                               | 14,152                                                                      | 15,207                                                             | 3,366,628              |
| Forward foreign exchange contracts<br>Options                                                                                                                                | 12,864<br>35,492                                                            | 14,531<br>35,612                                                   | 2,072,575<br>7,058,022 |
| Total derivative financial instruments                                                                                                                                       | 85,794                                                                      | 195,955                                                            | 16,575,358             |
|                                                                                                                                                                              |                                                                             |                                                                    |                        |
|                                                                                                                                                                              | March 31, 2025                                                              |                                                                    |                        |
|                                                                                                                                                                              | Assets                                                                      | Liabilities                                                        |                        |
|                                                                                                                                                                              | 708,784                                                                     | 314,082                                                            |                        |
| Treasury notes                                                                                                                                                               | 370,606                                                                     | 478,092                                                            |                        |
|                                                                                                                                                                              |                                                                             | 183,455                                                            |                        |
|                                                                                                                                                                              | 568,749                                                                     |                                                                    |                        |
|                                                                                                                                                                              | 1,648,139                                                                   | 975,629                                                            |                        |
| Trading loans/deposits<br>Reverse repo/Repo<br>Total financial assets and liabilities held for trading<br>Total derivatives and other financial instruments held for trading | 1,733,933                                                                   | 1,171,584                                                          |                        |

| Forward foreign exchange contracts                                                      | 21,945            | 10,937            | 1,700,164               |
|-----------------------------------------------------------------------------------------|-------------------|-------------------|-------------------------|
| Options                                                                                 | 38,556            | 38,672            | 6,536,794               |
| Total derivative financial instruments                                                  | 141,869           | 212,372           | 18,418,802              |
|                                                                                         |                   |                   |                         |
|                                                                                         | December 31, 2024 |                   |                         |
|                                                                                         |                   |                   |                         |
| Treasury notes                                                                          | 809,797           | 226,548           |                         |
| Trading loans/deposits                                                                  | 224,827           | -                 |                         |
| Reverse repo/Repo                                                                       | 666,069           | 85,090            |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
| Bank<br>Unaudited (*)                                                                   |                   | March 31, 2025    |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
| Interest rate swaps                                                                     | 23,286            | 130,605           | 4,078,133               |
| Currency swaps                                                                          | 14,152            | 15,207            | 3,366,628               |
| Forward foreign exchange contracts                                                      | 12,864            | 14,531            | 2,072,575               |
| Options                                                                                 | 35,492            | 35,612            | 7,058,022               |
| Total derivative financial instruments                                                  | 85,794            | 195,955           | 16,575,358              |
|                                                                                         | March 31, 2025    |                   |                         |
|                                                                                         | Assets            | Liabilities       |                         |
| Treasury notes                                                                          | 708,784           | 314,082           |                         |
| Trading loans/deposits                                                                  | 370,606           | 478,092           |                         |
| Reverse repo/Repo                                                                       | 568,749           | 183,455           |                         |
|                                                                                         |                   |                   |                         |
| Total financial assets and liabilities held for trading                                 | 1,648,139         | 975,629           |                         |
| Total derivatives and other financial instruments held for trading                      | 1,733,933         | 1,171,584         |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
| Bank                                                                                    |                   | December 31, 2024 |                         |
|                                                                                         | Assets            | Liabilities       | Notional (total)        |
| Interest rate swaps                                                                     | 35,248            | 151,439           | 5,529,920               |
| Currency swaps                                                                          | 46,120            | 11,324            | 4,651,924               |
|                                                                                         | 21,945            | 10,937            | 1,700,164               |
|                                                                                         |                   |                   |                         |
|                                                                                         |                   |                   |                         |
| Forward foreign exchange contracts<br>Options<br>Total derivative financial instruments | 38,556<br>141,869 | 38,672<br>212,372 | 6,536,794<br>18,418,802 |

| Interest rate swaps                                                          | 23,286                      | 130,605           | 4,078,133                           |
|------------------------------------------------------------------------------|-----------------------------|-------------------|-------------------------------------|
| Currency swaps                                                               | 14,152                      | 15,207            | 3,366,628                           |
| Forward foreign exchange contracts                                           | 12,864                      | 14,531            | 2,072,575                           |
| Options                                                                      | 35,492                      | 35,612            | 7,058,022                           |
| Total derivative financial instruments                                       | 85,794                      | 195,955           | 16,575,358                          |
|                                                                              |                             |                   |                                     |
|                                                                              | March 31, 2025              |                   |                                     |
| Treasury notes                                                               | 708,784                     | 314,082           |                                     |
| Trading loans/deposits                                                       | 370,606                     | 478,092           |                                     |
|                                                                              |                             |                   |                                     |
|                                                                              |                             |                   |                                     |
| Total derivatives and other financial instruments held for trading           | 1,733,933                   | 1,171,584         |                                     |
|                                                                              |                             |                   |                                     |
|                                                                              |                             |                   |                                     |
| Bank                                                                         |                             | December 31, 2024 |                                     |
|                                                                              |                             |                   |                                     |
| Interest rate swaps                                                          | 35,248                      | 151,439           |                                     |
| Currency swaps                                                               | 46,120                      | 11,324            |                                     |
| Forward foreign exchange contracts                                           | 21,945                      | 10,937            | 5,529,920<br>4,651,924<br>1,700,164 |
| Options                                                                      | 38,556                      | 38,672            | 6,536,794                           |
| Total derivative financial instruments                                       | 141,869                     | 212,372           | 18,418,802                          |
|                                                                              |                             |                   |                                     |
|                                                                              | December 31, 2024<br>Assets | Liabilities       |                                     |
| Treasury notes                                                               | 777,739                     | 226,548           |                                     |
| Trading loans/deposits                                                       | 224,827                     | -                 |                                     |
|                                                                              | 666,069                     | 85,090            |                                     |
| Reverse repo/Repo<br>Total financial assets and liabilities held for trading | 1,668,635                   | 311,638           |                                     |

## 6. Derivatives and other financial instruments held for trading (continued)

The Bank continues to apply hedge accounting (fair value hedge) as of March 31, 2025 and has four hedging relationships (four hedging relationships as of December 31, 2024). The Bank applies EU carve-out.

- On June 30, 2018, the Bank initiated two macro fair value hedges one in EUR and one in USD of interest rate risk associated with the current accounts, using several interest rate swaps (pay variable, receive fixed). The change in the fair value of the macro fair value hedge swaps offsets the change in the fair value of the hedged portion of the current accounts. The hedged items are represented by the portion of the current accounts' portfolio equal to the swap's nominal values of:
	- 72 million EUR yearly with a fixed interest rate of 0.42%, the remaining period of 3.25 years.
	- 10 million EUR yearly with a fixed interest rate of 0.171%, the remaining period of 0.25 years.
	- 16 million USD yearly with a fixed interest rate of 2.813%, the remaining period of 3.25 years.
- In October 30, 2020 the Bank initiated a macro fair value hedge of interest rate risk associated with the current accounts, using several interest rate swaps (pay variable, receive fixed). The change in the fair value of the macro fair value hedge swaps offsets the change in the fair value of the hedged portion of the current accounts. The hedged item is represented by the portion of the current accounts' portfolio equal to the swaps nominal of 210 million EUR. The swap has a fixed interest rate of -0.403% and a remaining period of 5.59 years.
- On September 30, 2021 the Bank initiated a macro fair value hedge of interest rate risk associated with the current accounts, using several interest rate swaps (pay variable, receive fixed). The change in the fair value of the macro fair value hedge swaps offsets the change in the fair value of the hedged portion of the current accounts. The hedged item is represented by the portion of the current accounts' portfolio equal to the swaps nominal of 60 million EUR. The swap has a fixed interest rate of -0.337% and a remaining period of 1.50 years.

All hedging relationships have quarterly settlement periods for both fixed and variable legs. The macro hedging relationships were effective throughout the reporting period. Main source of hedge ineffectiveness that might be expected to affect the hedging relationships is the amortization model of current accounts. However, the amortization of the hedged item is based on a behavioral ALM model that is reviewed/back tested on a yearly basis. To avoid inefficiency generated by the underestimated amortization of the current accounts, maximum 70% of the current accounts portfolio per each time band is designated as hedged item.

The hedging relationship were designated on the date of the IRS origination. At that date, the theoretical derivative was built as to match the interest rate behavior of the current accounts, the hedged item (i.e. a spread was added to the variable leg so that the fair value of the theoretical swap on the designation date to be zero). Consequently, no other major sources of ineffectiveness were identified.

As at March 31, 2025, the accumulated amount of fair value hedge adjustments on the current accounts hedged item are included in the carrying amount and presented in due to customer line in the statement of financial position and amounts to -102,677. The change in value of the hedged item during the period is explained by the cumulated effect of a loss from revaluation in amount of 9,680 and of the exchange rate evolution effect in amount of -18.

As at December 31, 2024, the accumulated amount of fair value hedge adjustments on the current accounts hedged item are included in the carrying amount and presented in due to customer line in the statement of financial position and amounts to -112,338. The change in value of the hedged item during the period is explained by the cumulated effect of a loss from revaluation in amount of 71,246 and of the exchange rate evolution effect in amount of -89.

## 6. Derivatives and other financial instruments held for trading (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL                 | BRD – Groupe Société Générale S.A. |                   |                  |
|------------------------------------------------------------------------------------|------------------------------------|-------------------|------------------|
|                                                                                    |                                    |                   |                  |
|                                                                                    |                                    |                   |                  |
|                                                                                    |                                    |                   |                  |
|                                                                                    |                                    |                   |                  |
|                                                                                    |                                    |                   |                  |
| as at and for the period ended March 31, 2025                                      | STATEMENTS                         |                   |                  |
|                                                                                    | (Amounts in thousands RON)         |                   |                  |
| 6.<br>Derivatives and other financial instruments held for trading (continued)     |                                    |                   |                  |
| The fair value of hedging instrument for Group and Bank was the following:         |                                    |                   |                  |
|                                                                                    |                                    | March 31, 2025    |                  |
|                                                                                    | Assets                             | Liabilities       | Notional (total) |
| Interest rate swaps                                                                |                                    | -<br>107,976      | 1,825,547        |
|                                                                                    |                                    | December 31, 2024 |                  |
|                                                                                    | Assets                             | Liabilities       | Notional (total) |
|                                                                                    |                                    | -<br>118,645      | 1,827,312        |
| Interest rate swaps<br>7.<br>Financial assets at fair value through profit or loss |                                    |                   |                  |
| Group                                                                              |                                    | Bank              |                  |

## 7. Financial assets at fair value through profit or loss

|                     | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>as at and for the period ended March 31, 2025 | STATEMENTS<br>(Amounts in thousands RON) |                                            |                      |
|---------------------|---------------------------------------------------------------------------------------------------------------------|------------------------------------------|--------------------------------------------|----------------------|
| 6.                  | Derivatives and other financial instruments held for trading (continued)                                            |                                          |                                            |                      |
|                     | The fair value of hedging instrument for Group and Bank was the following:                                          |                                          |                                            |                      |
|                     |                                                                                                                     |                                          | March 31, 2025                             |                      |
|                     |                                                                                                                     |                                          |                                            |                      |
|                     |                                                                                                                     |                                          | December 31, 2024                          |                      |
| Interest rate swaps |                                                                                                                     |                                          | -<br>118,645                               | 1,827,312            |
| 7.                  | Financial assets at fair value through profit or loss<br>Group<br>Unaudited (*)<br>March 31,<br>2025                | December 31,<br>2024                     | Bank<br>Unaudited (*)<br>March 31,<br>2025 | December 31,<br>2024 |
| Equity investments  | 9,580                                                                                                               | 9,208                                    | 9,580                                      | 9,208                |
|                     | 9,580                                                                                                               | 9,208                                    | 9,580                                      | 9,208                |

## 8. Financial assets at fair value through other comprehensive income

|                                                                                                       | March 31,                                                                                                                                                                         | December 31,          | March 31,             | December 31,          |
|-------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|-----------------------|-----------------------|
|                                                                                                       | 2025                                                                                                                                                                              | 2024                  | 2025                  | 2024                  |
|                                                                                                       |                                                                                                                                                                                   |                       |                       |                       |
|                                                                                                       |                                                                                                                                                                                   |                       |                       |                       |
| National Society for Transfer of Funds and Settlements-TransFonD (Societatea Nationala de Transfer de | Fonduri si Decontari), SWIFT, Shareholders' Register for the National Securities Commission (Depozitarul<br>Central S.A.), Bucharest Stock Exchange (Bursa Romana de Marfuri SA). |                       |                       |                       |
| 8.                                                                                                    | Financial assets at fair value through other comprehensive income                                                                                                                 |                       |                       |                       |
|                                                                                                       | Financial assets at fair value through other comprehensive income include treasury notes, respectively<br>treasury discount notes and coupon bonds issued by:                     |                       |                       |                       |
|                                                                                                       |                                                                                                                                                                                   | Group                 |                       | Bank                  |
|                                                                                                       | Unaudited (*)                                                                                                                                                                     |                       | Unaudited (*)         |                       |
|                                                                                                       | March 31,                                                                                                                                                                         | December 31,          | March 31,             | December 31,          |
|                                                                                                       | 2025                                                                                                                                                                              | 2024                  | 2025                  | 2024                  |
| Ministry of Public Finance                                                                            | 9,279,119                                                                                                                                                                         | 9,610,278             | 9,279,119             | 9,610,278             |
| French State                                                                                          | 2,026,375                                                                                                                                                                         | 2,019,141             | 2,026,375             | 2,019,141             |
| Belgian State<br>Total                                                                                | 518,581<br>11,824,076                                                                                                                                                             | 535,445<br>12,164,864 | 518,581<br>11,824,076 | 535,445<br>12,164,864 |

These financial assets at fair value through other comprehensive income are rated as very good according to internal rating. As of March 31, 2025, they are classified as Stage 1 and ECL impairment allowance amounts to 11 (December 31, 2024: 12).

## 9. Financial assets at amortised cost

## 9.1. Loans and advances to customers

|                                                                    | BRD – Groupe Société Générale S.A.            |                      |                   |                      |
|--------------------------------------------------------------------|-----------------------------------------------|----------------------|-------------------|----------------------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | STATEMENTS                                    |                      |                   |                      |
|                                                                    | as at and for the period ended March 31, 2025 |                      |                   |                      |
|                                                                    | (Amounts in thousands RON)                    |                      |                   |                      |
| 9.<br>Financial assets at amortised cost                           |                                               |                      |                   |                      |
| 9.1. Loans and advances to customers                               |                                               |                      |                   |                      |
|                                                                    | Group                                         |                      | Bank              |                      |
|                                                                    | Unaudited (*)                                 |                      | Unaudited (*)     |                      |
|                                                                    | March 31,<br>2025                             | December 31,<br>2024 | March 31,<br>2025 | December 31,<br>2024 |
|                                                                    | 51,451,637                                    | 49,506,267           | 51,048,967        | 49,114,810           |
|                                                                    | (1,873,357)                                   | (1,801,065)          | (1,831,966)       | (1,762,902)          |
| Loans, gross<br>Loans impairment                                   |                                               |                      | 49,217,001        | 47,351,908           |
| Total                                                              | 49,578,280                                    | 47,705,202           |                   |                      |
|                                                                    |                                               |                      |                   |                      |
| The structure of loans is the following:                           |                                               |                      |                   |                      |

|                                                                    | BRD – Groupe Société Générale S.A.            |              |               |              |
|--------------------------------------------------------------------|-----------------------------------------------|--------------|---------------|--------------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                               |              |               |              |
|                                                                    | STATEMENTS                                    |              |               |              |
|                                                                    | as at and for the period ended March 31, 2025 |              |               |              |
|                                                                    | (Amounts in thousands RON)                    |              |               |              |
| 9.<br>Financial assets at amortised cost                           |                                               |              |               |              |
| 9.1. Loans and advances to customers                               |                                               |              |               |              |
|                                                                    | Group                                         |              | Bank          |              |
|                                                                    |                                               |              |               |              |
|                                                                    | March 31,                                     | December 31, | March 31,     | December 31, |
|                                                                    | 2025                                          | 2024         | 2025          | 2024         |
| Loans, gross                                                       | 51,451,637                                    | 49,506,267   | 51,048,967    | 49,114,810   |
| Loans impairment                                                   | (1,873,357)                                   | (1,801,065)  | (1,831,966)   | (1,762,902)  |
| Total                                                              | 49,578,280                                    | 47,705,202   | 49,217,001    | 47,351,908   |
| The structure of loans is the following:                           |                                               |              |               |              |
|                                                                    | Group                                         |              | Bank          |              |
|                                                                    | Unaudited (*)                                 |              | Unaudited (*) |              |
|                                                                    | March 31,                                     | December 31, | March 31,     | December 31, |
|                                                                    | 2025                                          | 2024         | 2025          | 2024         |
| Working capital loans                                              | 14,570,795                                    | 14,078,497   | 14,570,795    | 14,078,497   |
| Loans for equipment                                                | 4,837,228                                     | 4,946,556    | 4,434,559     | 4,555,099    |
| Trade activities financing                                         | 1,154,430                                     | 1,206,331    | 1,154,430     | 1,206,331    |
| Acquisition of real estate, including mortgage for individuals     | 17,221,313                                    | 16,724,796   | 17,221,313    | 16,724,796   |
| Consumer loans                                                     | 11,346,799                                    | 10,966,241   | 11,346,799    | 10,966,241   |
| Other                                                              | 2,321,071                                     | 1,583,846    | 2,321,071     | 1,583,846    |
| Total                                                              | 51,451,637                                    | 49,506,267   | 51,048,967    | 49,114,810   |

During 2025 the gross loan portfolio increased by 1,934 million RON as compared with December 31, 2024.

As of March 31, 2025 the Bank's gross loan portfolio and movements were distributed as follows:

- Stage 1: 44,264 million RON, with a 2,628 million RON increase compared to December 31, 2024
- Stage 2: 5,536 million RON, with a 749 million RON decrease compared to December 31, 2024
- Stage 3: 1,193 million RON, with a 57 million RON increase compared to December 31, 2024
- POCI: 55 million RON, with 1 million RON decrease compared to December 31, 2024.

As of March 31, 2025 the amortized cost of loans granted to the 20 largest corporate clients (groups of connected borrowers) amounts to 4,888,141 (December 31, 2024: 4,479,192), while the value of letters of guarantee and letters of credit issued in favour of these clients registered in off balance sheet amounts for the Group and Bank to 3,899,854 (December 31, 2024: 4,840,044).

#### 9. Financial assets at amortised cost (continued)

#### 9.1. Loans and advances to customers (continued)

#### Sector analysis of loans granted and impairment allowance

|                                                                                                                                                                                                                                                                                                                                                                                                                 | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|-----------------------------|-------------------------|---------------------------|-------------------------|------------------|------------------|--------------------------------|-----------------------------|--|--|
| Financial assets at amortised cost (continued)                                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
| 9.1. Loans and advances to customers (continued)                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
| Sector analysis of loans granted and impairment allowance                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
| Group                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                              |                         |                             |                         |                           |                         |                  |                  |                                |                             |  |  |
| Unaudited (*)                                                                                                                                                                                                                                                                                                                                                                                                   | Stage 1                                                                                                                                                      |                         | Stage 2                     |                         | March 31, 2025<br>Stage 3 |                         | POCI             |                  | Total                          |                             |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                              |                         |                             |                         |                           |                         | Gross carrying   | Impairment       | Gross carrying                 | Impairment                  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | Gross carrying<br>amount                                                                                                                                     | Impairment<br>allowance | Gross carrying<br>amount    | Impairment<br>allowance | Gross carrying<br>amount  | Impairment<br>allowance | amount           | allowance        | amount                         | allowance                   |  |  |
| Individuals                                                                                                                                                                                                                                                                                                                                                                                                     | 22,846,953                                                                                                                                                   | 105,174                 | 4,251,887                   | 348,730                 | 919,972                   | 710,590                 | 20,859           | 3,749            | 28,039,670                     | 1,168,243                   |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 1,509,002                                                                                                                                                    | 30,394                  | 397,367                     | 33,734                  | 58,607                    | 33,211                  | 41               | 2                | 1,965,017                      | 97,341                      |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 23,043                                                                                                                                                       | 378                     | 1,125                       | 62                      | 0                         | 0                       | -                | -                | 24,168                         | 440                         |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 3,534,062                                                                                                                                                    | 59,415                  | 205,034                     | 16,514                  | 51,369                    | 41,541                  | 2,733            | 1,127            | 3,793,198                      | 118,598                     |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 1,590,871<br>128,958                                                                                                                                         | 26,159<br>2,197         | 162<br>35,968               | 14<br>1,549             | 296<br>713                | 177<br>542              | -<br>-           | -<br>-           | 1,591,329<br>165,639           | 26,350<br>4,288             |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 1,209,562                                                                                                                                                    | 19,985                  | 143,358                     | 12,344                  | 51,269                    | 40,291                  | 4,199            | 297              | 1,408,388                      | 72,916                      |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 5,513,864                                                                                                                                                    | 85,472                  | 448,773                     | 29,394                  | 28,928                    | 19,974                  | 2,050            | 31               | 5,993,615                      | 134,872                     |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 1,114,875                                                                                                                                                    | 17,297                  | 33,597                      | 2,632                   | 73,422                    | 58,414                  | 1,646            | 874              | 1,223,540                      | 79,217                      |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 508,111                                                                                                                                                      | 9,671                   | 23,120                      | 2,015                   | 31,154                    | 24,378                  | 126              | -                | 562,510                        | 36,064                      |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 997,000<br>973,639                                                                                                                                           | 14,461<br>17,548        | 7,071<br>2,193              | 540<br>135              | 1,575<br>280              | 995<br>182              | -<br>-           | -<br>-           | 1,005,646<br>976,112           | 15,996<br>17,865            |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                 | 511,513                                                                                                                                                      | 10,987                  | 14,246                      | 510                     | 19,205                    | 18,470                  | 22,213           | 22,125           | 567,176                        | 52,092                      |  |  |
| Agriculture, forestry and fishing<br>Mining and quarrying<br>Manufacturing<br>Electricity, gas, steam and air conditioning supply<br>Water supply<br>Construction<br>Wholesale and retail trade<br>Transport and storage<br>Accommodation and food service activities<br>Information and communication<br>Financial institutions<br>Real estate activities<br>Professional, scientific and technical activities | 361,944                                                                                                                                                      | 3,316                   | 27,284                      | 2,144                   | 6,476                     | 4,545                   | -                | -                | 395,704                        | 10,005                      |  |  |
| Administrative and support service activities                                                                                                                                                                                                                                                                                                                                                                   | 292,404                                                                                                                                                      | 4,782                   | 12,428                      | 1,001                   | 1,992                     | 1,203                   | 1,250            | -                | 308,074                        | 6,986                       |  |  |
| Public administration and defence, compulsory social security                                                                                                                                                                                                                                                                                                                                                   | 2,584,076                                                                                                                                                    | 8,930                   | 1,652                       | 55                      | 220                       | 220                     | -                | -                | 2,585,949                      | 9,206                       |  |  |
| Education                                                                                                                                                                                                                                                                                                                                                                                                       | 10,539                                                                                                                                                       | 99                      | 17,271                      | 1,259                   | 72                        | 69                      | -                | -                | 27,881                         | 1,427                       |  |  |
| Human health services and social work activities                                                                                                                                                                                                                                                                                                                                                                | 635,366                                                                                                                                                      | 12,181                  | 23,918                      | 2,827                   | 2,261                     | 1,748                   | -                | -                | 661,545                        | 16,757                      |  |  |
| Arts, entertainment and recreation<br>Other services<br>Total                                                                                                                                                                                                                                                                                                                                                   | 63,173<br>83,323<br>44,492,277                                                                                                                               | 1,192<br>805<br>430,444 | 2,578<br>4,336<br>5,653,368 | 217<br>273<br>455,949   | 829<br>2,236<br>1,250,876 | 590<br>1,619<br>958,759 | -<br>-<br>55,116 | -<br>-<br>28,205 | 66,581<br>89,895<br>51,451,637 | 2,000<br>2,697<br>1,873,357 |  |  |

#### 9. Financial assets at amortised cost (continued)

#### 9.1. Loans and advances to customers (continued)

#### Sector analysis of loans granted and impairment allowance (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS                                                                                    |                           |                      |                     | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                           |                      |                  |                    |                      |                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|----------------------|---------------------|-----------------------------------------------------------------------------|---------------------------|----------------------|------------------|--------------------|----------------------|------------------------|
|                                                                                                                                                                  |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
| Financial assets at amortised cost (continued)                                                                                                                   |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
| 9.1. Loans and advances to customers (continued)                                                                                                                 |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
|                                                                                                                                                                  |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
| Sector analysis of loans granted and impairment allowance (continued)                                                                                            |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
| Bank                                                                                                                                                             |                           |                      | Stage 2             |                                                                             | March 31, 2025<br>Stage 3 |                      | POCI             |                    | Total                |                        |
|                                                                                                                                                                  |                           |                      |                     |                                                                             |                           |                      |                  |                    |                      |                        |
| Unaudited (*)                                                                                                                                                    | Stage 1<br>Gross carrying | Impairment           | Gross carrying      | Impairment                                                                  | Gross carrying            | Impairment           | Gross carrying   | Impairment         | Gross carrying       | Impairment             |
|                                                                                                                                                                  | amount<br>22,846,953      | allowance<br>105,174 | amount<br>4,251,887 | allowance<br>348,730                                                        | amount<br>919,972         | allowance<br>710,590 | amount<br>20,859 | allowance<br>3,749 | amount<br>28,039,671 | allowance<br>1,168,243 |
|                                                                                                                                                                  | 1,484,138                 | 30,301               | 295,118             | 27,846                                                                      | 14,330                    | 7,485                | 41               | 2                  | 1,793,627            | 65,634                 |
|                                                                                                                                                                  | 23,043                    | 378                  | 1,125               | 62                                                                          | 0                         | 0                    | -                | -                  | 24,168               | 440                    |
|                                                                                                                                                                  | 3,531,387                 | 59,404               | 203,914             | 16,461                                                                      | 51,369                    | 41,541               | 2,733            | 1,127              | 3,789,403            | 118,534                |
| Individuals<br>Agriculture, forestry and fishing<br>Mining and quarrying<br>Manufacturing<br>Electricity, gas, steam and air conditioning supply<br>Water supply | 1,590,871<br>128,633      | 26,159<br>2,195      | 162<br>35,968       | 14<br>1,549                                                                 | 296<br>707                | 177<br>539           | -<br>-           | -<br>-             | 1,591,329<br>165,308 | 26,350<br>4,283        |
|                                                                                                                                                                  | 1,207,768                 | 19,976               | 141,042             | 12,223                                                                      | 51,224                    | 40,270               | 4,199            | 297                | 1,404,233            | 72,767                 |
| Construction<br>Wholesale and retail trade                                                                                                                       | 5,498,647                 | 85,409               | 442,532             | 29,096                                                                      | 26,787                    | 18,843               | 2,050            | 31                 | 5,970,016            | 133,380                |
| Transport and storage                                                                                                                                            | 937,702                   | 16,586               | 28,583              | 2,401                                                                       | 64,011                    | 52,720               | 1,646            | 874                | 1,031,943            | 72,580                 |
|                                                                                                                                                                  | 508,042<br>996,634        | 9,671<br>14,459      | 23,120<br>7,071     | 2,015<br>540                                                                | 30,055<br>1,575           | 23,287<br>995        | 126<br>-         | -<br>-             | 561,343<br>1,005,280 | 34,973<br>15,993       |
| Accommodation and food service activities<br>Information and communication<br>Financial institutions                                                             | 975,525                   | 17,548               | 2,193               | 135                                                                         | 280                       | 182                  | -                | -                  | 977,998              | 17,865                 |
| Real estate activities                                                                                                                                           | 511,411                   | 10,987               | 14,246              | 510                                                                         | 19,205                    | 18,470               | 22,213           | 22,125             | 567,074              | 52,091                 |
| Professional, scientific and technical activities                                                                                                                | 357,888                   | 3,299                | 26,912              | 2,123                                                                       | 6,207                     | 4,425                | -                | -                  | 391,008              | 9,847                  |
| Administrative and support service activities                                                                                                                    | 289,908                   | 4,770                | 12,428              | 1,001                                                                       | 1,992                     | 1,203                | 1,250            | -                  | 305,578              | 6,974                  |
| Public administration and defence, compulsory social security                                                                                                    | 2,584,076                 | 8,930                | 1,652               | 55                                                                          | 220                       | 220                  | -                | -                  | 2,585,949            | 9,206                  |
| Education                                                                                                                                                        | 10,539                    | 99                   | 17,271              | 1,259                                                                       | 72                        | 69                   | -                | -                  | 27,881               | 1,427                  |
| Human health services and social work activities<br>Arts, entertainment and recreation                                                                           | 635,366<br>63,173         | 12,181<br>1,192      | 23,918<br>2,578     | 2,827<br>217                                                                | 2,261<br>829              | 1,748<br>590         | -<br>-           | -<br>-             | 661,545<br>66,581    | 16,757<br>2,000        |
| Other services<br>Total                                                                                                                                          | 82,877<br>44,264,582      | 808<br>429,528       | 4,336<br>5,536,056  | 273<br>449,337                                                              | 1,819<br>1,193,213        | 1,542<br>924,896     | -<br>55,116      | -<br>28,205        | 89,032<br>51,048,967 | 2,623<br>1,831,966     |

#### 9. Financial assets at amortised cost (continued)

#### 9.1. Loans and advances to customers (continued)

## Sector analysis of loans granted and impairment allowance (continued)

| 9.                                                                                                 | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON)<br>Financial assets at amortised cost (continued) |                         |                          |                         |                                         |                         |                          |                         |                                   |                         |  |  |
|----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|--------------------------|-------------------------|-----------------------------------------|-------------------------|--------------------------|-------------------------|-----------------------------------|-------------------------|--|--|
| 9.1. Loans and advances to customers (continued)                                                   |                                                                                                                                                                                                                |                         |                          |                         |                                         |                         |                          |                         |                                   |                         |  |  |
| Sector analysis of loans granted and impairment allowance (continued)                              |                                                                                                                                                                                                                |                         |                          |                         |                                         |                         |                          |                         |                                   |                         |  |  |
| Group                                                                                              |                                                                                                                                                                                                                | Stage 1                 |                          |                         | December 31, 2024<br>Stage 2<br>Stage 3 |                         |                          | POCI                    |                                   |                         |  |  |
|                                                                                                    | Gross carrying<br>amount                                                                                                                                                                                       | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance | Gross carrying<br>amount                | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance | Total<br>Gross carrying<br>amount | Impairment<br>allowance |  |  |
|                                                                                                    |                                                                                                                                                                                                                |                         |                          |                         |                                         |                         |                          |                         |                                   |                         |  |  |
| Individuals                                                                                        | 21,185,547                                                                                                                                                                                                     | 101,158                 | 5,175,939                | 373,149                 | 850,925                                 | 649,588                 | 22,143                   | 3,869                   | 27,234,554                        | 1,127,764               |  |  |
|                                                                                                    | 1,567,201                                                                                                                                                                                                      | 31,548                  | 337,487                  | 24,302                  | 52,916                                  | 31,033                  | 47                       | -                       | 1,957,651                         | 86,883                  |  |  |
|                                                                                                    | 26,106                                                                                                                                                                                                         | 407                     | 320                      | 11                      | 0                                       | 0                       | -                        | -                       | 26,426                            | 418                     |  |  |
| Agriculture, forestry and fishing<br>Mining and quarrying<br>Manufacturing                         | 3,294,366                                                                                                                                                                                                      | 56,008                  | 166,943                  | 14,250                  | 48,684                                  | 38,643                  | 2,553                    | 919                     | 3,512,546                         | 109,820                 |  |  |
| Electricity, gas, steam and air conditioning supply<br>Water supply                                | 1,225,085<br>117,403                                                                                                                                                                                           | 18,634<br>2,041         | 41,914<br>33,843         | 57<br>1,184             | 295<br>645                              | 170<br>432              | -<br>-                   | -<br>-                  | 1,267,294<br>151,891              | 18,861<br>3,657         |  |  |
| Construction                                                                                       | 1,270,694                                                                                                                                                                                                      | 21,298                  | 103,679                  | 7,179                   | 76,480                                  | 59,102                  | 3,889                    | 30                      | 1,454,742                         | 87,609                  |  |  |
| Wholesale and retail trade                                                                         | 5,725,904                                                                                                                                                                                                      | 86,358                  | 393,448                  | 26,744                  | 24,954                                  | 17,362                  | 2,461                    | 238                     | 6,146,767                         | 130,702                 |  |  |
| Transport and storage                                                                              | 1,077,290                                                                                                                                                                                                      | 16,897                  | 37,230                   | 2,932                   | 69,783                                  | 54,840                  | 1,536                    | 680                     | 1,185,838                         | 75,349                  |  |  |
| Accommodation and food service activities                                                          | 519,141                                                                                                                                                                                                        | 9,861                   | 16,067                   | 1,334                   | 31,498                                  | 23,591                  | (0)                      | -                       | 566,706                           | 34,786                  |  |  |
| Information and communication                                                                      | 876,667                                                                                                                                                                                                        | 14,424                  | 3,608                    | 266                     | 1,338                                   | 853                     | -                        | -                       | 881,613                           | 15,543                  |  |  |
| Financial institutions                                                                             | 748,469                                                                                                                                                                                                        | 12,911                  | 2,957                    | 198                     | 308                                     | 200                     | -                        | -                       | 751,735                           | 13,309                  |  |  |
| Real estate activities                                                                             | 480,134                                                                                                                                                                                                        | 9,778.13                | 15,138                   | 595                     | 19,677                                  | 19,087                  | 22,444                   | 22,388                  | 537,393                           | 51,849                  |  |  |
| Professional, scientific and technical activities<br>Administrative and support service activities | 356,570<br>277,681                                                                                                                                                                                             | 2,381<br>4,671          | 24,219<br>7,534          | 2,027<br>633            | 5,360<br>1,549                          | 3,717<br>921            | -<br>1,380               | -<br>-                  | 386,150<br>288,144                | 8,125<br>6,225          |  |  |
| Public administration and defence, compulsory social security                                      | 2,344,095                                                                                                                                                                                                      | 8,771                   | 178                      | 6                       | 223                                     | 223                     | -                        | -                       | 2,344,496                         | 8,999                   |  |  |
| Education                                                                                          | 10,574                                                                                                                                                                                                         | 96                      | 17,839                   | 1,251                   | 81                                      | 45                      | -                        | -                       | 28,494                            | 1,392                   |  |  |
| Human health services and social work activities                                                   | 599,491                                                                                                                                                                                                        | 11,300                  | 24,324                   | 2,622                   | 1,831                                   | 1,409                   | -                        | -                       | 625,646                           | 15,331                  |  |  |
| Arts, entertainment and recreation                                                                 | 63,939                                                                                                                                                                                                         | 1,204                   | 2,581                    | 285                     | 632                                     | 434                     | -                        | -                       | 67,152                            | 1,923                   |  |  |
| Other services<br>Total                                                                            | 85,104<br>41,851,461                                                                                                                                                                                           | 954<br>410,701          | 3,913<br>6,409,161       | 291<br>459,316          | 2,013<br>1,189,193                      | 1,274<br>902,924        | -<br>56,453              | -<br>28,124             | 91,030<br>49,506,267              | 2,519<br>1,801,065      |  |  |

#### 9. Financial assets at amortised cost (continued)

#### 9.1. Loans and advances to customers (continued)

#### Sector analysis of loans granted and impairment allowance (continued)

| 9.                                                                                                       | Financial assets at amortised cost (continued) |                         |                          |                         |                          |                         |                          |                         |                          |                         |  |  |  |  |
|----------------------------------------------------------------------------------------------------------|------------------------------------------------|-------------------------|--------------------------|-------------------------|--------------------------|-------------------------|--------------------------|-------------------------|--------------------------|-------------------------|--|--|--|--|
|                                                                                                          |                                                |                         |                          |                         |                          |                         |                          |                         |                          |                         |  |  |  |  |
| 9.1. Loans and advances to customers (continued)                                                         |                                                |                         |                          |                         |                          |                         |                          |                         |                          |                         |  |  |  |  |
| Sector analysis of loans granted and impairment allowance (continued)                                    |                                                |                         |                          |                         |                          |                         |                          |                         |                          |                         |  |  |  |  |
| Bank                                                                                                     |                                                |                         |                          |                         | December 31, 2024        |                         |                          |                         |                          |                         |  |  |  |  |
|                                                                                                          | Stage 1                                        |                         | Stage 2<br>Stage 3       |                         |                          | POCI                    |                          |                         | Total                    |                         |  |  |  |  |
|                                                                                                          | Gross carrying<br>amount                       | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance | Gross carrying<br>amount | Impairment<br>allowance |  |  |  |  |
| Individuals                                                                                              | 21,185,547                                     | 101,158                 | 5,175,939                | 373,149                 | 850,925                  | 649,588                 | 22,143                   | 3,869                   | 27,234,554               | 1,127,764               |  |  |  |  |
| Agriculture, forestry and fishing                                                                        | 1,545,227                                      | 31,465                  | 228,174                  | 18,003                  | 13,220                   | 8,042                   | 47                       | -                       | 1,786,668                | 57,510                  |  |  |  |  |
| Mining and quarrying                                                                                     | 26,106                                         | 407                     | 320                      | 11                      | 0                        | 0                       | -                        | -                       | 26,426                   | 418                     |  |  |  |  |
| Manufacturing                                                                                            | 3,291,430                                      | 55,996                  | 165,961                  | 14,202                  | 48,684                   | 38,643                  | 2,553                    | 919                     | 3,508,628                | 109,760                 |  |  |  |  |
| Electricity, gas, steam and air conditioning supply                                                      | 1,225,085                                      | 18,634                  | 41,914                   | 57                      | 295                      | 170                     | -                        | -                       | 1,267,294                | 18,861                  |  |  |  |  |
| Water supply                                                                                             | 117,071                                        | 2,039                   | 33,843                   | 1,184                   | 620                      | 421                     | -                        | -                       | 151,534                  | 3,644                   |  |  |  |  |
| Construction                                                                                             | 1,267,497                                      | 21,284                  | 102,271                  | 7,097                   | 76,426                   | 59,078                  | 3,889                    | 30                      | 1,450,083                | 87,488                  |  |  |  |  |
| Wholesale and retail trade                                                                               | 5,709,308                                      | 86,289                  | 387,254                  | 26,452                  | 23,272                   | 16,545                  | 2,461                    | 238                     | 6,122,295                | 129,524                 |  |  |  |  |
| Transport and storage                                                                                    | 914,622                                        | 16,241                  | 30,837                   | 2,645                   | 60,307                   | 49,074                  | 1,536                    | 680                     | 1,007,301                | 68,640                  |  |  |  |  |
| Accommodation and food service activities                                                                | 519,064                                        | 9,861                   | 16,029                   | 1,332                   | 30,414                   | 23,103                  | (0)                      | -                       | 565,507                  | 34,296                  |  |  |  |  |
| Information and communication<br>Financial institutions                                                  | 876,289<br>748,469                             | 14,422<br>12,911        | 3,608<br>2,957           | 266<br>198              | 1,338<br>308             | 853<br>200              | -<br>-                   | -<br>-                  | 881,235<br>751,735       | 15,541<br>13,309        |  |  |  |  |
| Real estate activities                                                                                   | 480,056                                        | 9,778                   | 15,138                   | 595                     | 19,677                   | 19,087                  | 22,444                   | 22,388                  | 537,315                  | 51,848                  |  |  |  |  |
| Professional, scientific and technical activities                                                        | 352,826                                        | 2,365                   | 24,081                   | 2,021                   | 5,106                    | 3,604                   | -                        | -                       | 382,013                  | 7,990                   |  |  |  |  |
| Administrative and support service activities                                                            | 275,392                                        | 4,661                   | 7,534                    | 633                     | 1,549                    | 921                     | 1,380                    | -                       | 285,855                  | 6,215                   |  |  |  |  |
| Public administration and defence, compulsory social security                                            | 2,344,095                                      | 8,771                   | 178                      | 6                       | 223                      | 223                     | -                        | -                       | 2,344,496                | 8,999                   |  |  |  |  |
| Education                                                                                                | 10,574                                         | 96                      | 17,839                   | 1,251                   | 81                       | 45                      | -                        | -                       | 28,494                   | 1,392                   |  |  |  |  |
|                                                                                                          | 599,491                                        | 11,300                  | 24,324                   | 2,622                   | 1,831                    | 1,409                   | -                        | -                       | 625,646                  | 15,331                  |  |  |  |  |
|                                                                                                          |                                                |                         |                          | 285                     | 632                      | 434                     | -                        | -                       | 67,152                   | 1,923                   |  |  |  |  |
|                                                                                                          |                                                |                         |                          |                         |                          |                         |                          |                         |                          |                         |  |  |  |  |
| Human health services and social work activities<br>Arts, entertainment and recreation<br>Other services | 63,939<br>84,950                               | 1,204<br>955            | 2,581<br>3,913           | 291                     | 1,716                    | 1,200                   | -                        | -                       | 90,578                   | 2,445                   |  |  |  |  |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

## Rating analysis of loans

Considering the internal rating quality, the exposures of the counterparties are split in 4 categories which are defined below:

Very good – The counterparty is considered to be very reliable. The capacity to service its debt is very strong.

Good – The counterparty is judged to be of good quality. The capacity to service its debt is strong but counterparty is somewhat more sensitive to adverse changes in circumstances and economic conditions.

Standard grade – The counterparty has an average solvency. The ability to service its debt is still sufficient, but more likely to be undermined by unfavourable economic conditions and changes in circumstances.

Sub-standard grade - The counterparty reflected credit behaviour or financial deterioration implying increased credit risk. Timely debt service repayment is uncertain and depends on favourable economic and financial conditions. Close and more frequent monitoring of the client's capacity to service the bank debt is needed, to be able to react to a potential deterioration via implementation of corrective measures.

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Rating analysis of loans (continued)

|                                                              | STATEMENTS<br>as at and for the period ended March 31, 2025 | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | BRD – Groupe Société Générale S.A. |                   |                           |
|--------------------------------------------------------------|-------------------------------------------------------------|--------------------------------------------------------------------|------------------------------------|-------------------|---------------------------|
|                                                              | (Amounts in thousands RON)                                  |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
| Group<br>Unaudited (*)                                       |                                                             |                                                                    | Retail lending<br>March 31, 2025   |                   |                           |
|                                                              | Stage 1                                                     | Stage 2                                                            | Stage 3                            | POCI              | Total                     |
| Gross carrying amount<br>Internal rating grade               |                                                             |                                                                    |                                    |                   |                           |
| Very good grade                                              | 18,114,983                                                  | 117,812                                                            | -                                  | -                 | 18,232,795                |
| Good grade                                                   | 4,316,290                                                   | 2,397,736                                                          | -                                  | -                 | 6,714,025                 |
| Standard grade<br>Sub-standard grade                         | 1,712,824<br>-                                              | 1,436,287<br>630,921                                               | -<br>-                             | -<br>12,500       | 3,149,111<br>643,421      |
| Non- performing                                              | -                                                           | -                                                                  | 1,000,039                          | 8,444             | 1,008,483                 |
| (out of which) Individual assessment<br>Not rated internally | -<br>35,214                                                 | -<br>84,508                                                        | 11,768<br>29,389                   | 712<br>-          | 12,480<br>149,111         |
| Total                                                        | 24,179,311                                                  | 4,667,263                                                          | 1,029,428                          | 20,944            | 29,896,946                |
| ECL allowance<br>Internal rating grade                       |                                                             |                                                                    |                                    |                   |                           |
| Very good grade                                              | (51,153)                                                    | (1,171)                                                            | -                                  | -                 | (52,324)                  |
| Good grade<br>Standard grade                                 | (29,151)<br>(37,583)                                        | (66,059)<br>(155,993)                                              | -<br>-                             | -<br>-            | (95,210)<br>(193,576)     |
| Sub-standard grade                                           | -                                                           | (152,880)                                                          | -                                  | (48)              | (152,928)                 |
| Non- performing<br>(out of which) Individual assessment      | -<br>-                                                      | -<br>-                                                             | (765,162)<br>(10,186)              | (3,747)<br>(347)  | (768,909)<br>(10,533)     |
| Not rated internally                                         | (183)                                                       | (5,176)                                                            | (16,751)                           | -                 | (22,110)                  |
| Total<br>Net Carying amount                                  | (118,070)<br>24,061,241                                     | (381,279)<br>4,285,984                                             | (781,913)<br>247,515               | (3,795)<br>17,149 | (1,285,057)<br>28,611,889 |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    | Non-Retail lending                 |                   |                           |
|                                                              | Stage 1                                                     | Stage 2                                                            | March 31, 2025<br>Stage 3          | POCI              | Total                     |
| Gross carrying amount                                        |                                                             |                                                                    |                                    |                   |                           |
| Internal rating grade                                        |                                                             |                                                                    |                                    |                   |                           |
| Good grade<br>Standard grade                                 | 15,070,346<br>5,242,620                                     | 105,979<br>102,365                                                 | -<br>-                             | -<br>-            | 15,176,325<br>5,344,985   |
| Sub-standard grade                                           | -                                                           | 777,761                                                            | -                                  | 3,238             | 780,999                   |
| Non- performing<br>(out of which) Individual assessment      | -<br>-                                                      | -<br>-                                                             | 221,448<br>156,754                 | 30,935<br>30,876  | 252,383<br>187,630        |
| Total                                                        | 20,312,966                                                  | 986,105                                                            | 221,448                            | 34,173            | 21,554,692                |
| ECL allowance                                                |                                                             |                                                                    |                                    |                   |                           |
|                                                              |                                                             |                                                                    |                                    |                   |                           |
| Internal rating grade<br>Good grade                          | (204,821)                                                   | (3,928)                                                            | -                                  | -                 | (208,749)                 |
| Standard grade<br>Sub-standard grade                         | (107,553)<br>-                                              | (6,932)<br>(63,810)                                                | -<br>-                             | -<br>-            | (114,485)<br>(63,810)     |

| 15,070,346 | 105,979                                                                                                                                                          |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 15,176,325                                                                                                                                                                    |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5,242,620  | 102,365                                                                                                                                                          |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 5,344,985                                                                                                                                                                     |
| -          | 777,761                                                                                                                                                          |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 780,999                                                                                                                                                                       |
| -          |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 252,383                                                                                                                                                                       |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 187,630                                                                                                                                                                       |
| 20,312,966 | 986,105                                                                                                                                                          |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 21,554,692                                                                                                                                                                    |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (208,749)                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (114,485)                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (63,810)                                                                                                                                                                      |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (201,257)                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (160,997)                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | (588,300)                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 20,966,390                                                                                                                                                                    |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | Total                                                                                                                                                                         |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 18,232,795                                                                                                                                                                    |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 21,890,351                                                                                                                                                                    |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 8,494,096                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 1,424,419                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 1,260,866                                                                                                                                                                     |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 200,109                                                                                                                                                                       |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 149,111                                                                                                                                                                       |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               | 51,451,637                                                                                                                                                                    |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            |                                                                                                                                                                  |                                                                                                                                                                         |                                                                                                                                                                                                                                                               |                                                                                                                                                                               |
|            | -<br>(204,821)<br>(107,553)<br>-<br>-<br>-<br>(312,374)<br>20,000,592<br>Stage 1<br>18,114,983<br>19,386,636<br>6,955,444<br>-<br>-<br>-<br>35,214<br>44,492,277 | -<br>-<br>(3,928)<br>(6,932)<br>(63,810)<br>-<br>-<br>(74,670)<br>911,435<br>Stage 2<br>117,812<br>2,503,715<br>1,538,652<br>1,408,682<br>-<br>-<br>84,508<br>5,653,368 | Non-Retail lending<br>March 31, 2025<br>-<br>-<br>-<br>221,448<br>156,754<br>221,448<br>-<br>-<br>-<br>(176,846)<br>(136,614)<br>(176,846)<br>44,602<br>Total<br>March 31, 2025<br>Stage 3<br>-<br>-<br>-<br>-<br>1,221,487<br>168,521<br>29,389<br>1,250,876 | -<br>-<br>3,238<br>30,935<br>30,876<br>34,173<br>-<br>-<br>-<br>(24,411)<br>(24,383)<br>(24,411)<br>9,762<br>POCI<br>-<br>-<br>-<br>15,737<br>39,379<br>31,588<br>-<br>55,116 |

|                                      |                |           | Non-Retail lending      |          |             |  |  |
|--------------------------------------|----------------|-----------|-------------------------|----------|-------------|--|--|
|                                      | March 31, 2025 |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
| Internal rating grade                |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
| (out of which) Individual assessment | -              | -         | 156,754                 | 30,876   | 187,630     |  |  |
| Total                                | 20,312,966     | 986,105   | 221,448                 | 34,173   | 21,554,692  |  |  |
| ECL allowance                        |                |           |                         |          |             |  |  |
| Internal rating grade                |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
| (out of which) Individual assessment | -              | -         | (136,614)               | (24,383) | (160,997)   |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
|                                      |                |           | Total<br>March 31, 2025 |          |             |  |  |
|                                      |                |           |                         |          |             |  |  |
| Gross carrying amount                |                |           |                         |          |             |  |  |
| Internal rating grade                |                |           |                         |          |             |  |  |
| Very good grade                      | 18,114,983     | 117,812   | -                       | -        | 18,232,795  |  |  |
| Good grade                           | 19,386,636     | 2,503,715 | -                       | -        | 21,890,351  |  |  |
| Standard grade                       | 6,955,444      | 1,538,652 | -                       | -        | 8,494,096   |  |  |
| Sub-standard grade                   | -              | 1,408,682 | -                       | 15,737   | 1,424,419   |  |  |
| Non- performing                      | -              | -         | 1,221,487               | 39,379   | 1,260,866   |  |  |
| (out of which) Individual assessment | -              | -         | 168,521                 | 31,588   | 200,109     |  |  |
| Not rated internally                 | 35,214         | 84,508    | 29,389                  | -        | 149,111     |  |  |
| Total                                | 44,492,277     | 5,653,368 | 1,250,876               | 55,116   | 51,451,637  |  |  |
| ECL allowance                        |                |           |                         |          |             |  |  |
| Internal rating grade                |                |           |                         |          |             |  |  |
| Very good grade                      | (51,153)       | (1,171)   | -                       | -        | (52,324)    |  |  |
| Good grade                           | (233,971)      | (69,987)  | -                       | -        | (303,958)   |  |  |
| Standard grade                       | (145,137)      | (162,926) | -                       | -        | (308,063)   |  |  |
| Sub-standard grade                   | -              | (216,690) | -                       | (48)     | (216,738)   |  |  |
| Non- performing                      | -              | -         | (942,008)               | (28,157) | (970,165)   |  |  |
| (out of which) Individual assessment | -              | -         | (146,800)               | (24,730) | (171,530)   |  |  |
| Not rated internally                 | (182)          | (5,176)   | (16,751)                | -        | (22,109)    |  |  |
| Total                                | (430,443)      | (455,950) | (958,759)               | (28,205) | (1,873,357) |  |  |
| Net Carying amount                   | 44,061,834     | 5,197,418 | 292,117                 | 26,911   | 49,578,280  |  |  |
|                                      |                |           |                         |          |             |  |  |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Rating analysis of loans (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | BRD – Groupe Société Générale S.A.<br>STATEMENTS                            |                |                                      |                  |                         |
|--------------------------------------------------------------------|-----------------------------------------------------------------------------|----------------|--------------------------------------|------------------|-------------------------|
|                                                                    | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                |                                      |                  |                         |
|                                                                    |                                                                             |                |                                      |                  |                         |
|                                                                    |                                                                             |                |                                      |                  |                         |
|                                                                    |                                                                             |                |                                      |                  |                         |
|                                                                    |                                                                             |                |                                      |                  |                         |
| Bank                                                               |                                                                             |                | Retail lending                       |                  |                         |
| Unaudited (*)                                                      |                                                                             |                | March 31, 2025                       |                  |                         |
|                                                                    | Stage 1                                                                     | Stage 2        | Stage 3                              | POCI             | Total                   |
| Gross carrying amount<br>Internal rating grade                     |                                                                             |                |                                      |                  |                         |
| Very good grade                                                    | 18,114,983                                                                  | 117,812        | -                                    | -                | 18,232,795              |
| Good grade                                                         | 4,316,290                                                                   | 2,397,736      | -                                    | -                | 6,714,026               |
| Standard grade                                                     | 1,712,824                                                                   | 1,436,287      | -                                    | -                | 3,149,111               |
| Sub-standard grade<br>Non- performing                              | -<br>-                                                                      | 630,921<br>-   | -<br>1,000,039                       | 12,500<br>8,444  | 643,421<br>1,008,483    |
| (out of which) Individual assessment                               | -                                                                           | -              | 11,768                               | 712              | 12,480                  |
| Not rated internally                                               | 600                                                                         | -              | -                                    | -                | 600                     |
| Total                                                              | 24,144,697                                                                  | 4,582,756      | 1,000,039                            | 20,944           | 29,748,436              |
| ECL allowance                                                      |                                                                             |                |                                      |                  |                         |
| Internal rating grade<br>Very good grade                           | (51,153)                                                                    | (1,171)        | -                                    | -                | (52,324)                |
| Good grade                                                         | (29,151)                                                                    | (66,059)       | -                                    | -                | (95,209)                |
| Standard grade                                                     | (37,583)                                                                    | (155,993)      | -                                    | -                | (193,577)               |
| Sub-standard grade                                                 | -                                                                           | (152,880)      | -                                    | (48)             | (152,928)               |
| Non- performing                                                    | -                                                                           | -              | (765,162)                            | (3,747)          | (768,908)               |
| (out of which) Individual assessment<br>Total                      | -<br>(117,887)                                                              | -<br>(376,104) | (10,186)<br>(765,162)                | (347)<br>(3,794) | (10,533)<br>(1,262,947) |
| Net Carying amount                                                 | 24,026,810                                                                  | 4,206,652      | 234,877                              | 17,150           | 28,485,489              |
|                                                                    |                                                                             |                |                                      |                  |                         |
|                                                                    |                                                                             |                | Non-Retail lending<br>March 31, 2025 |                  |                         |
|                                                                    | Stage 1                                                                     | Stage 2        | Stage 3                              | POCI             | Total                   |
| Gross carrying amount                                              |                                                                             |                |                                      |                  |                         |
| Internal rating grade<br>Good grade                                | 14,936,098                                                                  | 101,944        | -                                    | -                | 15,038,042              |
| Standard grade                                                     | 5,183,786                                                                   | 85,088         | -                                    | -                | 5,268,874               |
| Sub-standard grade                                                 | -                                                                           | 766,269        | -                                    | 3,238            | 769,507                 |
| Non- performing                                                    | -                                                                           | -              | 193,173                              | 30,935           | 224,108                 |
| (out of which) Individual assessment                               | -                                                                           | -              | 156,754                              | 30,876           | 187,630                 |
| Total<br>ECL allowance                                             | 20,119,884                                                                  | 953,301        | 193,173                              | 34,173           | 21,300,531              |
| Internal rating grade                                              |                                                                             |                |                                      |                  |                         |
| Good grade                                                         | (204,306)                                                                   | (3,752)        | -                                    | -                | (208,058)               |
| Standard grade                                                     | (107,332)                                                                   | (6,174)        | -                                    | -                | (113,506)               |
| Sub-standard grade<br>Non- performing                              | -<br>-                                                                      | (63,308)<br>-  | -<br>(159,735)                       | -<br>(24,411)    | (63,308)<br>(184,146)   |
|                                                                    |                                                                             |                |                                      |                  |                         |

| Internal rating grade                |            |           |                    |          |            |
|--------------------------------------|------------|-----------|--------------------|----------|------------|
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
| (out of which) Individual assessment | -          | -         | (10,186)           | (347)    | (10,533)   |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           | Non-Retail lending |          |            |
|                                      |            |           | March 31, 2025     |          |            |
|                                      |            |           |                    |          |            |
| Gross carrying amount                |            |           |                    |          |            |
| Internal rating grade                |            |           |                    |          |            |
| Good grade                           | 14,936,098 | 101,944   | -                  | -        | 15,038,042 |
| Standard grade                       | 5,183,786  | 85,088    | -                  | -        | 5,268,874  |
| Sub-standard grade                   | -          | 766,269   | -                  | 3,238    | 769,507    |
| Non- performing                      | -          | -         | 193,173            | 30,935   | 224,108    |
| (out of which) Individual assessment | -          | -         | 156,754            | 30,876   | 187,630    |
| Total                                | 20,119,884 | 953,301   | 193,173            | 34,173   | 21,300,531 |
| ECL allowance                        |            |           |                    |          |            |
| Internal rating grade                |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
| Good grade                           | (204,306)  | (3,752)   | -                  | -        | (208,058)  |
| Standard grade                       | (107,332)  | (6,174)   | -                  | -        | (113,506)  |
| Sub-standard grade                   | -          | (63,308)  | -                  | -        | (63,308)   |
| Non- performing                      | -          | -         | (159,735)          | (24,411) | (184,146)  |
| (out of which) Individual assessment | -          | -         | (136,614)          | (24,383) | (160,997)  |
| Total                                | (311,638)  | (73,234)  | (159,735)          | (24,411) | (569,018)  |
| Net Carying amount                   | 19,808,246 | 880,067   | 33,438             | 9,762    | 20,731,513 |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           | Total              |          |            |
|                                      |            |           | March 31, 2025     |          |            |
|                                      | Stage 1    | Stage 2   | Stage 3            | POCI     | Total      |
|                                      |            |           |                    |          |            |
| Gross carrying amount                |            |           |                    |          |            |
| Internal rating grade                |            |           |                    |          |            |
| Very good grade                      | 18,114,983 | 117,812   | -                  | -        | 18,232,795 |
| Good grade                           | 19,252,388 | 2,499,680 | -                  | -        | 21,752,068 |
| Standard grade                       | 6,896,610  | 1,521,375 | -                  | -        | 8,417,985  |
| Sub-standard grade                   | -          | 1,397,190 | -                  | 15,737   | 1,412,927  |
| Non- performing                      | -          | -         | 1,193,212          | 39,379   | 1,232,591  |
| (out of which) Individual assessment | -          | -         | 168,521            | 31,588   | 200,109    |
| Not rated internally                 | 600        | -         | -                  | -        | 600        |
| Total                                | 44,264,581 | 5,536,057 | 1,193,212          | 55,116   | 51,048,967 |
| ECL allowance                        |            |           |                    |          |            |
| Internal rating grade                |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |
|                                      |            |           |                    |          |            |

|                                      |                         |                        | March 31, 2025          |                    |                           |
|--------------------------------------|-------------------------|------------------------|-------------------------|--------------------|---------------------------|
|                                      |                         |                        |                         |                    |                           |
| Gross carrying amount                |                         |                        |                         |                    |                           |
| Internal rating grade                |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
| (out of which) Individual assessment | -                       | -                      | 156,754                 | 30,876             | 187,630                   |
| Total                                | 20,119,884              | 953,301                | 193,173                 | 34,173             | 21,300,531                |
| ECL allowance                        |                         |                        |                         |                    |                           |
| Internal rating grade                |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
| (out of which) Individual assessment | -                       | -                      | (136,614)               | (24,383)           | (160,997)                 |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         |                        | Total<br>March 31, 2025 |                    |                           |
|                                      |                         |                        |                         |                    |                           |
| Gross carrying amount                |                         |                        |                         |                    |                           |
| Internal rating grade                |                         |                        |                         |                    |                           |
| Very good grade                      | 18,114,983              | 117,812                | -                       | -                  | 18,232,795                |
| Good grade                           | 19,252,388              | 2,499,680              | -                       | -                  | 21,752,068                |
| Standard grade                       | 6,896,610               | 1,521,375              | -                       | -                  | 8,417,985                 |
| Sub-standard grade                   | -                       | 1,397,190              | -                       | 15,737             | 1,412,927                 |
| Non- performing                      | -                       | -                      | 1,193,212               | 39,379             | 1,232,591                 |
| (out of which) Individual assessment | -                       | -                      | 168,521                 | 31,588             | 200,109                   |
| Not rated internally                 | 600                     | -                      | -                       | -                  | 600                       |
| Total                                | 44,264,581              | 5,536,057              | 1,193,212               | 55,116             | 51,048,967                |
| ECL allowance                        |                         |                        |                         |                    |                           |
|                                      |                         |                        |                         |                    |                           |
|                                      |                         | (1,171)                | -                       | -                  | (52,324)                  |
| Internal rating grade                |                         |                        |                         | -                  | (303,268)                 |
| Very good grade                      | (51,153)                |                        |                         |                    |                           |
| Good grade                           | (233,457)               | (69,811)               | -                       |                    |                           |
| Standard grade                       | (144,916)               | (162,167)              | -                       | -                  | (307,083)                 |
| Sub-standard grade                   | -                       | (216,189)              | -                       | (48)               | (216,237)                 |
| Non- performing                      | -                       | -                      | (924,897)               | (28,157)           | (953,054)                 |
| (out of which) Individual assessment | -                       | -                      | (146,800)               | (24,730)           | (171,530)                 |
| Total<br>Net Carying amount          | (429,526)<br>43,835,055 | (449,338)<br>5,086,719 | (924,897)<br>268,315    | (28,205)<br>26,911 | (1,831,966)<br>49,217,001 |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Rating analysis of loans (continued)

|                                                                    | BRD – Groupe Société Générale S.A.            |                      |                                         |                  |                         |
|--------------------------------------------------------------------|-----------------------------------------------|----------------------|-----------------------------------------|------------------|-------------------------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | STATEMENTS                                    |                      |                                         |                  |                         |
|                                                                    |                                               |                      |                                         |                  |                         |
|                                                                    | as at and for the period ended March 31, 2025 |                      |                                         |                  |                         |
|                                                                    | (Amounts in thousands RON)                    |                      |                                         |                  |                         |
|                                                                    |                                               |                      |                                         |                  |                         |
|                                                                    |                                               |                      |                                         |                  |                         |
|                                                                    |                                               |                      |                                         |                  |                         |
| Group                                                              |                                               |                      | Retail lending                          |                  |                         |
|                                                                    | Stage 1                                       | Stage 2              | December 31, 2024<br>Stage 3            | POCI             | Total                   |
| Gross carrying amount                                              |                                               |                      |                                         |                  |                         |
| Internal rating grade<br>Very good grade                           | 15,768,153                                    | 57,012               | -                                       | -                | 15,825,165              |
| Good grade                                                         | 4,994,898                                     | 3,352,984            | -                                       | -                | 8,347,882               |
| Standard grade                                                     | 1,803,961                                     | 1,390,142            | -                                       | -                | 3,194,103               |
| Sub-standard grade<br>Non- performing                              | -<br>-                                        | 660,766<br>-         | -<br>913,024                            | 13,018<br>9,428  | 673,784<br>922,452      |
| (out of which) Individual assessment                               | -                                             | -                    | 11,944                                  | 681              | 12,626                  |
| Not rated internally<br>Total                                      | 36,375<br>22,603,387                          | 89,410<br>5,550,314  | 26,052<br>939,077                       | -<br>22,446      | 151,837<br>29,115,223   |
| ECL allowance                                                      |                                               |                      |                                         |                  |                         |
| Internal rating grade                                              |                                               |                      |                                         |                  |                         |
| Very good grade<br>Good grade                                      | (44,639)<br>(31,103)                          | (610)<br>(85,005)    | -<br>-                                  | -<br>-           | (45,249)<br>(116,108)   |
| Standard grade                                                     | (37,868)                                      | (149,956)            | -                                       | -                | (187,824)               |
| Sub-standard grade<br>Non- performing                              | -<br>-                                        | (160,090)<br>-       | -<br>(692,691)                          | (103)<br>(4,004) | (160,193)<br>(696,695)  |
| (out of which) Individual assessment                               | -                                             | -                    | (10,458)                                | (326)            | (10,784)                |
| Not rated internally<br>Total                                      | (189)<br>(113,799)                            | (5,476)<br>(401,137) | (13,879)<br>(706,570)                   | -<br>(4,107)     | (19,544)<br>(1,225,613) |
| Net Carying amount                                                 | 22,489,588                                    | 5,149,177            | 232,506                                 | 18,339           | 27,889,610              |
|                                                                    |                                               |                      |                                         |                  |                         |
|                                                                    |                                               |                      | Non-Retail lending<br>December 31, 2024 |                  |                         |
|                                                                    | Stage 1                                       | Stage 2              | Stage 3                                 | POCI             | Total                   |
| Gross carrying amount<br>Internal rating grade<br>Very good grade  |                                               |                      |                                         |                  |                         |
| Good grade                                                         | 14,128,391                                    | 135,658              | -                                       | -                | 14,264,049              |
| Standard grade<br>Sub-standard grade                               | 5,119,681<br>-                                | 59,745<br>663,444    | -<br>-                                  | -<br>3,574       | 5,179,426<br>667,018    |
| Non- performing                                                    | -                                             | -                    | 250,116                                 | 30,434           | 280,550                 |
| (out of which) Individual assessment                               | -                                             | -                    | 189,267                                 | 30,375           | 219,642                 |
| Total<br>ECL allowance                                             | 19,248,072                                    | 858,847              | 250,116                                 | 34,008           | 20,391,043              |
| Internal rating grade                                              |                                               |                      |                                         |                  |                         |
| Very good grade<br>Good grade                                      | (193,425)                                     | (2,745)              | -                                       | -                | (196,170)               |
| Standard grade                                                     | (103,478)                                     | (3,287)              | -                                       | -                | (106,765)               |
| Sub-standard grade<br>Non- performing                              | -<br>-                                        | (52,146)<br>-        | -<br>(196,354)                          | -<br>(24,016)    | (52,146)<br>(220,370)   |

| Internal rating grade                |            |           |                                         |          |            |
|--------------------------------------|------------|-----------|-----------------------------------------|----------|------------|
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           |                                         |          |            |
|                                      |            |           | Non-Retail lending<br>December 31, 2024 |          |            |
|                                      |            |           |                                         |          |            |
| Gross carrying amount                |            |           |                                         |          |            |
| Internal rating grade                |            |           |                                         |          |            |
| Very good grade                      |            |           |                                         |          |            |
| Good grade                           | 14,128,391 | 135,658   | -                                       | -        | 14,264,049 |
| Standard grade                       | 5,119,681  | 59,745    | -                                       | -        | 5,179,426  |
| Sub-standard grade                   | -          | 663,444   | -                                       | 3,574    | 667,018    |
| Non- performing                      | -          | -         | 250,116                                 | 30,434   | 280,550    |
| (out of which) Individual assessment | -          | -         | 189,267                                 | 30,375   | 219,642    |
| Total                                | 19,248,072 | 858,847   | 250,116                                 | 34,008   | 20,391,043 |
| ECL allowance                        |            |           |                                         |          |            |
| Internal rating grade                |            |           |                                         |          |            |
| Very good grade                      |            |           |                                         |          |            |
| Good grade                           | (193,425)  | (2,745)   | -                                       | -        | (196,170)  |
| Standard grade                       | (103,478)  | (3,287)   | -                                       | -        | (106,765)  |
| Sub-standard grade                   | -          | (52,146)  | -                                       | -        | (52,146)   |
| Non- performing                      | -          | -         | (196,354)                               | (24,016) | (220,370)  |
| (out of which) Individual assessment | -          | -         | (158,107)                               | (23,970) | (182,077)  |
| Total                                | (296,903)  | (58,178)  | (196,354)                               | (24,016) | (575,451)  |
| Net Carying amount                   | 18,951,169 | 800,669   | 53,762                                  | 9,992    | 19,815,592 |
|                                      |            |           |                                         |          |            |
|                                      |            |           | Total                                   |          |            |
|                                      |            |           | December 31, 2024                       |          |            |
|                                      | Stage 1    | Stage 2   | Stage 3                                 | POCI     | Total      |
| Gross carrying amount                |            |           |                                         |          |            |
| Internal rating grade                |            |           |                                         |          |            |
| Very good grade                      | 15,768,153 | 57,012    | -                                       | -        | 15,825,165 |
| Good grade                           | 19,123,290 | 3,488,642 | -                                       | -        | 22,611,932 |
| Standard grade                       | 6,923,643  | 1,449,887 | -                                       | -        | 8,373,530  |
| Sub-standard grade                   | -          | 1,324,210 | -                                       | 16,592   | 1,340,802  |
| Non- performing                      | -          | -         | 1,163,140                               | 39,862   | 1,203,002  |
| (out of which) Individual assessment | -          | -         | 201,211                                 | 31,056   | 232,267    |
| Not rated internally                 | 36,374     | 89,410    | 26,052                                  | -        | 151,836    |
| Total                                | 41,851,460 | 6,409,161 | 1,189,192                               | 56,454   | 49,506,267 |
| ECL allowance                        |            |           |                                         |          |            |
| Internal rating grade                |            |           |                                         |          |            |
| Very good grade                      | (44,639)   | (610)     | -                                       | -        | (45,249)   |
| Good grade                           | (224,528)  | (87,750)  | -                                       | -        | (312,278)  |
| Standard grade                       | (141,346)  | (153,243) | -                                       | -        | (294,589)  |
| Sub-standard grade                   | -          | (212,236) | -                                       | (103)    | (212,339)  |
| Non- performing                      | -          | -         | (889,044)                               | (28,021) | (917,065)  |
|                                      |            |           |                                         |          |            |

| Internal rating grade                                                                       |                                       |                                        |                                               |                                     |                                                    |
|---------------------------------------------------------------------------------------------|---------------------------------------|----------------------------------------|-----------------------------------------------|-------------------------------------|----------------------------------------------------|
| Very good grade                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
| (out of which) Individual assessment                                                        | -                                     | -                                      | 189,267                                       | 30,375                              | 219,642                                            |
| Total                                                                                       | 19,248,072                            | 858,847                                | 250,116                                       | 34,008                              | 20,391,043                                         |
| ECL allowance                                                                               |                                       |                                        |                                               |                                     |                                                    |
| Internal rating grade                                                                       |                                       |                                        |                                               |                                     |                                                    |
| Very good grade                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
| (out of which) Individual assessment                                                        | -                                     | -                                      | (158,107)                                     | (23,970)                            | (182,077)                                          |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        | Total                                         |                                     |                                                    |
|                                                                                             |                                       |                                        | December 31, 2024                             |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
| Internal rating grade                                                                       |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
| (out of which) Individual assessment                                                        | -                                     | -                                      | 201,211                                       | 31,056                              | 232,267                                            |
| Not rated internally                                                                        | 36,374                                | 89,410                                 | 26,052                                        | -                                   | 151,836                                            |
| Total                                                                                       | 41,851,460                            | 6,409,161                              | 1,189,192                                     | 56,454                              | 49,506,267                                         |
| ECL allowance                                                                               |                                       |                                        |                                               |                                     |                                                    |
| Internal rating grade                                                                       |                                       |                                        |                                               |                                     |                                                    |
| Very good grade                                                                             | (44,639)                              | (610)                                  | -                                             | -                                   | (45,249)                                           |
| Good grade                                                                                  | (224,528)                             | (87,750)                               | -                                             | -                                   | (312,278)                                          |
| Standard grade                                                                              | (141,346)                             | (153,243)                              | -                                             | -                                   | (294,589)                                          |
| Sub-standard grade                                                                          | -                                     | (212,236)                              | -                                             | (103)                               | (212,339)                                          |
| Non- performing                                                                             | -                                     | -                                      | (889,044)                                     | (28,021)                            | (917,065)                                          |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
|                                                                                             |                                       |                                        |                                               |                                     |                                                    |
| (out of which) Individual assessment<br>Not rated internally<br>Total<br>Net Carying amount | -<br>(190)<br>(410,703)<br>41,440,757 | -<br>(5,476)<br>(459,315)<br>5,949,846 | (168,566)<br>(13,879)<br>(902,923)<br>286,269 | (24,295)<br>-<br>(28,124)<br>28,330 | (192,861)<br>(19,545)<br>(1,801,065)<br>47,705,202 |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Rating analysis of loans (continued)

|                                                                    | BRD – Groupe Société Générale S.A.            |                        |                      |                   |                           |
|--------------------------------------------------------------------|-----------------------------------------------|------------------------|----------------------|-------------------|---------------------------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                               |                        |                      |                   |                           |
|                                                                    |                                               | STATEMENTS             |                      |                   |                           |
|                                                                    | as at and for the period ended March 31, 2025 |                        |                      |                   |                           |
|                                                                    | (Amounts in thousands RON)                    |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        |                      |                   |                           |
| Bank                                                               |                                               |                        | Retail lending       |                   |                           |
|                                                                    |                                               |                        | December 31, 2024    |                   |                           |
| Gross carrying amount                                              | Stage 1                                       | Stage 2                | Stage 3              | POCI              | Total                     |
| Internal rating grade                                              |                                               |                        |                      |                   |                           |
| Very good grade<br>Good grade                                      | 15,768,152<br>4,994,898                       | 57,012<br>3,352,984    | -<br>-               | -<br>-            | 15,825,164<br>8,347,882   |
| Standard grade                                                     | 1,803,961                                     | 1,390,142              | -                    | -                 | 3,194,103                 |
| Sub-standard grade<br>Non- performing                              | -<br>-                                        | 660,766<br>-           | -<br>913,024         | 13,018<br>9,428   | 673,784<br>922,452        |
| (out of which) Individual assessment                               | -                                             | -                      | 11,944               | 681               | 12,625                    |
| Not rated internally                                               | 653                                           | -                      | -                    | -                 | 653                       |
| Total<br>ECL allowance                                             | 22,567,664                                    | 5,460,904              | 913,024              | 22,446            | 28,964,038                |
| Internal rating grade                                              |                                               |                        |                      |                   |                           |
| Very good grade<br>Good grade                                      | (44,639)<br>(31,103)                          | (610)<br>(85,005)      | -<br>-               | -<br>-            | (45,249)<br>(116,108)     |
| Standard grade                                                     | (37,868)                                      | (149,956)              | -                    | -                 | (187,824)                 |
| Sub-standard grade<br>Non- performing                              | -<br>-                                        | (160,090)<br>-         | -<br>(692,691)       | (103)<br>(4,004)  | (160,193)<br>(696,695)    |
| (out of which) Individual assessment                               | -                                             | -                      | (10,458)             | (326)             | (10,784)                  |
| Total<br>Net Carying amount                                        | (113,610)<br>22,454,054                       | (395,661)<br>5,065,243 | (692,691)<br>220,333 | (4,107)<br>18,339 | (1,206,069)<br>27,757,969 |
|                                                                    |                                               |                        |                      |                   |                           |
|                                                                    |                                               |                        | Non-Retail lending   |                   |                           |
|                                                                    |                                               |                        | December 31, 2024    |                   |                           |
| Gross carrying amount                                              | Stage 1                                       | Stage 2                | Stage 3              | POCI              | Total                     |
| Internal rating grade                                              |                                               |                        |                      |                   |                           |
| Very good grade                                                    |                                               |                        |                      |                   |                           |
| Good grade<br>Standard grade                                       | 14,014,487<br>5,054,884                       | 133,130<br>39,508      | -<br>-               | -<br>-            | 14,147,617<br>5,094,392   |
| Sub-standard grade                                                 | -                                             | 651,154                | -                    | 3,574             | 654,728                   |
| Non- performing                                                    | -                                             | -                      | 223,601              | 30,434            | 254,035                   |
| (out of which) Individual assessment<br>Total                      | -<br>19,069,371                               | -<br>823,792           | 189,267<br>223,601   | 30,375<br>34,008  | 219,642<br>20,150,772     |
| ECL allowance                                                      |                                               |                        |                      |                   |                           |
| Internal rating grade<br>Very good grade                           |                                               |                        |                      |                   |                           |
| Good grade                                                         | (192,995)<br>(103,233)                        | (2,635)<br>(2,395)     | -<br>-               | -<br>-            | (195,630)<br>(105,628)    |
| Standard grade                                                     |                                               |                        |                      |                   |                           |

| Internal rating grade                 |            |                |                    |                   |                        |
|---------------------------------------|------------|----------------|--------------------|-------------------|------------------------|
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
| (out of which) Individual assessment  | -          | -              | (10,458)           | (326)             | (10,784)               |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                | Non-Retail lending |                   |                        |
|                                       |            |                | December 31, 2024  |                   |                        |
|                                       |            |                |                    |                   |                        |
| Gross carrying amount                 |            |                |                    |                   |                        |
| Internal rating grade                 |            |                |                    |                   |                        |
| Very good grade                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
| Good grade                            | 14,014,487 | 133,130        | -                  | -                 | 14,147,617             |
| Standard grade                        | 5,054,884  | 39,508         | -                  | -                 | 5,094,392              |
| Sub-standard grade                    | -          | 651,154        | -                  | 3,574             | 654,728                |
| Non- performing                       | -          | -              | 223,601            | 30,434            | 254,035                |
| (out of which) Individual assessment  | -          | -              | 189,267            | 30,375            | 219,642                |
|                                       |            | 823,792        | 223,601            | 34,008            | 20,150,772             |
| Total                                 | 19,069,371 |                |                    |                   |                        |
| ECL allowance                         |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
| Internal rating grade                 |            |                |                    |                   |                        |
| Very good grade                       |            |                |                    |                   |                        |
| Good grade                            | (192,995)  | (2,635)        | -                  | -                 | (195,630)              |
| Standard grade                        | (103,233)  | (2,395)        | -                  | -                 | (105,628)              |
| Sub-standard grade                    | -          | (51,610)       | -                  | -                 | (51,610)               |
| Non- performing                       | -          | -              | (179,949)          | (24,017)          | (203,966)              |
| (out of which) Individual assessment  | -          | -              | (158,107)          | (23,970)          | (182,077)              |
| Total                                 | (296,228)  | (56,640)       | (179,949)          | (24,017)          | (556,834)              |
| Net Carying amount                    | 18,773,143 | 767,152        | 43,652             | 9,991             | 19,593,938             |
|                                       |            |                |                    |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       |            |                | Total              |                   |                        |
|                                       |            |                | December 31, 2024  |                   |                        |
|                                       |            |                |                    |                   |                        |
|                                       | Stage 1    | Stage 2        | Stage 3            | POCI              | Total                  |
| Gross carrying amount                 |            |                |                    |                   |                        |
| Internal rating grade                 |            |                |                    |                   |                        |
| Very good grade                       | 15,768,151 | 57,012         | -                  | -                 | 15,825,163             |
| Good grade                            | 19,009,385 | 3,486,114      | -                  | -                 | 22,495,499             |
| Standard grade                        | 6,858,846  | 1,429,649      | -                  | -                 | 8,288,495              |
| Sub-standard grade                    | -          | 1,311,920      | -                  | 16,592            | 1,328,512              |
| Non- performing                       | -          | -              | 1,136,626          | 39,862            | 1,176,488              |
|                                       |            |                |                    |                   |                        |
| (out of which) Individual assessment  | -          | -              | 201,211            | 31,056            | 232,267                |
| Not rated internally                  | 653        | -              | -                  | -                 | 653                    |
| Total                                 | 41,637,035 | 6,284,695      | 1,136,626          | 56,454            | 49,114,810             |
| ECL allowance                         |            |                |                    |                   |                        |
| Internal rating grade                 |            |                |                    |                   |                        |
| Very good grade                       | (44,639)   | (610)          | -                  | -                 | (45,249)               |
| Good grade                            | (224,097)  | (87,640)       | -                  | -                 | (311,737)              |
| Standard grade                        | (141,101)  | (152,351)      | -                  | -                 | (293,452)              |
| Sub-standard grade<br>Non- performing | -<br>-     | (211,700)<br>- | -<br>(872,640)     | (103)<br>(28,021) | (211,803)<br>(900,661) |

| Very good grade                                                                             |            |           |                   |          |             |
|---------------------------------------------------------------------------------------------|------------|-----------|-------------------|----------|-------------|
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
| (out of which) Individual assessment                                                        | -          | -         | 189,267           | 30,375   | 219,642     |
| Total                                                                                       | 19,069,371 | 823,792   | 223,601           | 34,008   | 20,150,772  |
| ECL allowance                                                                               |            |           |                   |          |             |
| Internal rating grade                                                                       |            |           |                   |          |             |
| Very good grade                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
| (out of which) Individual assessment                                                        | -          | -         | (158,107)         | (23,970) | (182,077)   |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           | Total             |          |             |
|                                                                                             |            |           | December 31, 2024 |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
| Internal rating grade                                                                       |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
| (out of which) Individual assessment                                                        | -          | -         | 201,211           | 31,056   | 232,267     |
| Not rated internally                                                                        | 653        | -         | -                 | -        | 653         |
| Total                                                                                       | 41,637,035 | 6,284,695 | 1,136,626         | 56,454   | 49,114,810  |
| ECL allowance                                                                               |            |           |                   |          |             |
| Internal rating grade                                                                       |            |           |                   |          |             |
| Very good grade                                                                             | (44,639)   | (610)     | -                 | -        | (45,249)    |
| Good grade                                                                                  | (224,097)  | (87,640)  | -                 | -        | (311,737)   |
| Standard grade                                                                              | (141,101)  | (152,351) | -                 | -        | (293,452)   |
| Sub-standard grade                                                                          | -          | (211,700) | -                 | (103)    | (211,803)   |
| Non- performing                                                                             | -          | -         | (872,640)         | (28,021) | (900,661)   |
| (out of which) Individual assessment                                                        | -          | -         | (168,566)         | (24,295) | (192,861)   |
| Total                                                                                       | (409,837)  | (452,301) | (872,640)         | (28,124) | (1,762,902) |
| Net Carying amount                                                                          | 41,227,198 | 5,832,394 | 263,986           | 28,330   | 47,351,908  |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
| The accompanying notes are an integral part of this condensed interim financial statements. |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |
|                                                                                             |            |           |                   |          |             |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Impairment allowance movement

Group Unaudited (\*) Stage 1 Stage 2 Stage 3 POCI Total Impairment allowance as at 1st January 2025 113,799 401,136 706,570 4,107 1,225,612 New assets originated or purchased 33,053 5,655 643 1 39,352 Assets derecognised or repaid (excluding write offs) (4,383) (6,630) (6,925) (20) (17,958) Net provision movement for assets that did not change classification (19,930) (12,351) 7,891 159 (24,232) Movements due to change in classification (4,479) (6,584) 92,953 (10) 81,880 Amounts written off - - (19,300) (444) (19,744) Other adjustments 10 53 82 1 146 Impairment allowance as at March 31, 2025 381,279 118,070 781,913 3,794 1,285,057 Retail lending

|                                                                      | Non-Retail lending |         |          |        |          |  |  |
|----------------------------------------------------------------------|--------------------|---------|----------|--------|----------|--|--|
|                                                                      | Stage 1            | Stage 2 | Stage 3  | POCI   | Total    |  |  |
| Impairment allowance as at 1st January 2025                          | 296,903            | 58,178  | 196,354  | 24,017 | 575,451  |  |  |
| New assets originated or purchased                                   | 39,829             | 9,042   | 789      | -      | 49,660   |  |  |
| Assets derecognised or repaid (excluding write offs)                 | (18,450)           | (7,560) | (5,300)  | -      | (31,311) |  |  |
| Net provision movement for assets that did not change classification | (1,397)            | (1,214) | (14,888) | 380    | (17,119) |  |  |
| Movements due to change in classification                            | (4,463)            | 16,221  | 5,921    | -      | 17,678   |  |  |
| Amounts written off                                                  | -                  | -       | (5,641)  | (0)    | (5,641)  |  |  |
| Other adjustments                                                    | (48)               | 4       | (389)    | 14     | (419)    |  |  |
| Impairment allowance as at March 31, 2025                            | 312,374            | 74,670  | 176,846  | 24,411 | 588,301  |  |  |

|                                                                      | Total   |                   |          |        |           |  |
|----------------------------------------------------------------------|---------|-------------------|----------|--------|-----------|--|
|                                                                      | Stage 1 | Stage 2           | Stage 3  | POCI   | Total     |  |
| Impairment allowance as at 1st January 2025                          | 410,701 | 459,314           | 902,923  | 28,124 | 1,801,065 |  |
| New assets originated or purchased                                   | 72,882  | 14,696            | 1,432    | 1      | 89,012    |  |
| Assets derecognised or repaid (excluding write offs)                 |         | (22,833) (14,190) | (12,225) | (20)   | (49,269)  |  |
| Net provision movement for assets that did not change classification |         | (21,327) (13,566) | (6,997)  | 539    | (41,351)  |  |
| Movements due to change in classification                            | (8,942) | 9,637             | 98,873   | (10)   | 99,558    |  |
| Amounts written off                                                  | -       | -                 | (24,941) | (444)  | (25,385)  |  |
| Other adjustments                                                    | (38)    | 57                | (307)    | 15     | (273)     |  |
| Impairment allowance as at March 31, 2025                            | 430,444 | 455,949           | 958,759  | 28,205 | 1,873,357 |  |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Impairment allowance movement (continued)

| Unaudited (*)<br>Retail lending<br>Stage 1<br>Stage 2<br>Stage 3<br>POCI<br>Total<br>Impairment allowance as at 1st January 2025<br>113,611<br>395,661<br>692,691<br>4,107<br>1,206,070<br>39,073<br>New assets originated or purchased<br>33,023<br>5,406<br>643<br>1 |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                        |
| Assets derecognised or repaid (excluding write offs)<br>(4,613)<br>(7,982)<br>(6,519)<br>(20)<br>(19,134)                                                                                                                                                              |
| (19,914) (12,211)<br>4,875<br>159<br>(27,091)<br>Net provision movement for assets that did not change classification                                                                                                                                                  |
| Movements due to change in classification<br>(4,229)<br>(4,820)<br>92,698<br>(10)<br>83,640                                                                                                                                                                            |
| (444)<br>(19,744)<br>Amounts written off<br>-<br>-<br>(19,300)                                                                                                                                                                                                         |
| Other adjustments<br>10<br>49<br>74<br>1<br>134                                                                                                                                                                                                                        |
| Impairment allowance as at March 31, 2025<br>117,888<br>376,103<br>765,162<br>3,794<br>1,262,947                                                                                                                                                                       |

|                                                                      | Non-Retail lending |         |          |        |          |  |  |
|----------------------------------------------------------------------|--------------------|---------|----------|--------|----------|--|--|
|                                                                      | Stage 1            | Stage 2 | Stage 3  | POCI   | Total    |  |  |
| Impairment allowance as at 1st January 2025                          | 296,228            | 56,639  | 179,949  | 24,017 | 556,833  |  |  |
| New assets originated or purchased                                   | 39,689             | 9,003   | 0        | -      | 48,692   |  |  |
| Assets derecognised or repaid (excluding write offs)                 | (18,572)           | (7,388) | (5,299)  | -      | (31,259) |  |  |
| Net provision movement for assets that did not change classification | (1,164)            | (1,256) | (14,792) | 380    | (16,832) |  |  |
| Movements due to change in classification                            | (4,494)            | 16,232  | 5,917    | -      | 17,656   |  |  |
| Amounts written off                                                  | -                  | -       | (5,641)  | (0)    | (5,641)  |  |  |
| Other adjustments                                                    | (48)               | 3       | (399)    | 14     | (430)    |  |  |
| Impairment allowance as at March 31, 2025                            | 311,639            | 73,235  | 159,735  | 24,411 | 569,019  |  |  |

|                                                                      | Total   |                   |          |        |           |  |  |
|----------------------------------------------------------------------|---------|-------------------|----------|--------|-----------|--|--|
|                                                                      | Stage 1 | Stage 2           | Stage 3  | POCI   | Total     |  |  |
| Impairment allowance as at 1st January 2025                          | 409,838 | 452,301           | 872,640  | 28,124 | 1,762,902 |  |  |
| New assets originated or purchased                                   | 72,712  | 14,409            | 643      | 1      | 87,765    |  |  |
| Assets derecognised or repaid (excluding write offs)                 |         | (23,185) (15,370) | (11,818) | (20)   | (50,393)  |  |  |
| Net provision movement for assets that did not change classification |         | (21,078) (13,467) | (9,917)  | 539    | (43,923)  |  |  |
| Movements due to change in classification                            | (8,723) | 11,413            | 98,615   | (10)   | 101,295   |  |  |
| Amounts written off                                                  | -       | -                 | (24,941) | (444)  | (25,385)  |  |  |
| Other adjustments                                                    | (38)    | 52                | (325)    | 15     | (297)     |  |  |
| Impairment allowance as at March 31, 2025                            | 429,526 | 449,338           | 924,897  | 28,205 | 1,831,966 |  |  |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

## Impairment allowance movement (continued)

Group

|                                                                      |          | Retail lending     |           |         |                 |  |  |  |
|----------------------------------------------------------------------|----------|--------------------|-----------|---------|-----------------|--|--|--|
|                                                                      | Stage 1  | Stage 2            | Stage 3   | POCI    | Total           |  |  |  |
| Impairment allowance as at 1st January 2024                          | 142,904  | 443,058            | 578,818   | 4,006   | 1,168,786       |  |  |  |
| New assets originated or purchased                                   | 136,362  | 25,467             | 14,712    | 5       | 176,546         |  |  |  |
| Assets derecognised or repaid (excluding write offs)                 |          | (26,818) (42,906)  | (128,523) |         | (418) (198,665) |  |  |  |
| Net provision movement for assets that did not change classification |          | (122,160) (22,793) | 2,283     | 1,555   | (141,115)       |  |  |  |
| Movements due to change in classification                            | (16,487) | (1,681)            | 296,003   | (27)    | 277,808         |  |  |  |
| Amounts written off                                                  | -        | -                  | (56,324)  | (1,014) | (57,338)        |  |  |  |
| Other adjustments                                                    | (2)      | (9)                | (399)     | (0)     | (410)           |  |  |  |
| Impairment allowance as at December 31, 2024                         | 113,799  | 401,136            | 706,570   | 4,107   | 1,225,612       |  |  |  |
|                                                                      |          |                    |           |         |                 |  |  |  |

|                                                                      |          |                    | Non-Retail lending |         |                 |
|----------------------------------------------------------------------|----------|--------------------|--------------------|---------|-----------------|
|                                                                      | Stage 1  | Stage 2            | Stage 3            | POCI    | Total           |
| Impairment allowance as at 1st January 2024                          | 277,111  | 68,501             | 151,877            | 23,557  | 521,046         |
| New assets originated or purchased                                   | 172,210  | 18,040             | 4,496              | -       | 194,746         |
| Assets derecognised or repaid (excluding write offs)                 |          | (115,434) (13,941) | (27,507)           |         | (203) (157,086) |
| Net provision movement for assets that did not change classification | (35,341) | (7,172)            | 6,949              | 1,857   | (33,707)        |
| Movements due to change in classification                            | (1,749)  | (7,269)            | 60,281             | (1,191) | 50,073          |
| Amounts written off                                                  | -        | -                  | (790)              | (0)     | (790)           |
| Other adjustments                                                    | 106      | 19                 | 1,048              | (3)     | 1,170           |
| Impairment allowance as at December 31, 2024                         | 296,904  | 58,178             | 196,354            | 24,016  | 575,452         |

|                                                                      |          |                    | Total     |         |                 |
|----------------------------------------------------------------------|----------|--------------------|-----------|---------|-----------------|
|                                                                      | Stage 1  | Stage 2            | Stage 3   | POCI    | Total           |
| Impairment allowance as at 1st January 2024                          | 420,015  | 511,559            | 730,694   | 27,563  | 1,689,831       |
| New assets originated or purchased                                   | 308,572  | 43,507             | 19,208    | 5       | 371,292         |
| Assets derecognised or repaid (excluding write offs)                 |          | (142,253) (56,848) | (156,030) |         | (621) (355,751) |
| Net provision movement for assets that did not change classification |          | (157,501) (29,965) | 9,231     | 3,412   | (174,823)       |
| Movements due to change in classification                            | (18,235) | (8,950)            | 356,284   | (1,218) | 327,881         |
| Amounts written off                                                  | -        | -                  | (57,115)  | (1,014) | (58,129)        |
| Other adjustments                                                    | 103      | 13                 | 651       | (2)     | 765             |
| Impairment allowance as at December 31, 2024                         | 410,700  | 459,316            | 902,923   | 28,124  | 1,801,065       |

## 9. Financial assets at amortised cost (continued)

## 9.1. Loans and advances to customers (continued)

#### Impairment allowance movement (continued)

|         |          | Retail lending                                                  |                    |                                                  |
|---------|----------|-----------------------------------------------------------------|--------------------|--------------------------------------------------|
| Stage 1 | Stage 2  | Stage 3                                                         | POCI               | Total                                            |
| 142,207 | 440,568  | 572,290                                                         | 4,005              | 1,159,070                                        |
| 136,278 | 24,664   | 14,095                                                          | 6                  | 175,043                                          |
|         |          |                                                                 |                    | (418) (197,887)                                  |
|         | (25,045) |                                                                 | 1,555              | (150,614)                                        |
|         |          |                                                                 | (27)               | 277,808                                          |
| -       | -        |                                                                 | (1,014)            | (57,338)                                         |
|         | (9)      |                                                                 | (0)                | (12)                                             |
| 113,611 | 395,660  |                                                                 |                    | 1,206,070                                        |
|         |          | (26,770)<br>(42,876)<br>(122,059)<br>(16,043)<br>(1,641)<br>(2) | 295,519<br>692,691 | (127,823)<br>(5,065)<br>(56,324)<br>(1)<br>4,107 |

|                                                                      |           |          | Non-Retail lending |         |                 |
|----------------------------------------------------------------------|-----------|----------|--------------------|---------|-----------------|
|                                                                      | Stage 1   | Stage 2  | Stage 3            | POCI    | Total           |
| Impairment allowance as at 1st January 2024                          | 276,312   | 66,110   | 150,647            | 23,557  | 516,625         |
| New assets originated or purchased                                   | 171,894   | 17,803   | 3,853              | -       | 193,550         |
| Assets derecognised or repaid (excluding write offs)                 | (115,413) | (13,675) | (27,427)           |         | (203) (156,718) |
| Net provision movement for assets that did not change classification | (34,476)  | (7,170)  | (6,891)            | 1,857   | (46,680)        |
| Movements due to change in classification                            | (2,194)   | (6,448)  | 59,906             | (1,191) | 50,073          |
| Amounts written off                                                  | -         | -        | (790)              | (0)     | (790)           |
| Other adjustments                                                    | 106       | 19       | 651                | (3)     | 773             |
| Impairment allowance as at December 31, 2024                         | 296,228   | 56,640   | 179,948            | 24,016  | 556,833         |

|                                                                      |           |          | Total     |         |                 |
|----------------------------------------------------------------------|-----------|----------|-----------|---------|-----------------|
|                                                                      | Stage 1   | Stage 2  | Stage 3   | POCI    | Total           |
| Impairment allowance as at 1st January 2024                          | 418,518   | 506,677  | 722,936   | 27,562  | 1,675,694       |
| New assets originated or purchased                                   | 308,171   | 42,466   | 17,948    | 6       | 368,592         |
| Assets derecognised or repaid (excluding write offs)                 | (142,183) | (56,551) | (155,251) |         | (621) (354,605) |
| Net provision movement for assets that did not change classification | (156,535) | (32,215) | (11,956)  | 3,412   | (197,294)       |
| Movements due to change in classification                            | (18,237)  | (8,089)  | 355,426   | (1,218) | 327,882         |
| Amounts written off                                                  | -         | -        | (57,115)  | (1,014) | (58,129)        |
| Other adjustments                                                    | 104       | 12       | 652       | (3)     | 764             |
| Impairment allowance as at December 31, 2024                         | 409,838   | 452,301  | 872,641   | 28,123  | 1,762,902       |

## 9. Financial assets at amortised cost (continued)

## 9.2. Debt securities

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL                                                                                                                                                                                             | as at and for the period ended March 31, 2025 | BRD – Groupe Société Générale S.A.<br>STATEMENTS<br>(Amounts in thousands RON) |                        |                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------|--------------------------------------------------------------------------------|------------------------|------------------------|
| Financial assets at amortised cost (continued)                                                                                                                                                                                                                 |                                               |                                                                                |                        |                        |
| 9.2. Debt securities                                                                                                                                                                                                                                           |                                               |                                                                                |                        |                        |
| Debt securities measured at amortised cost include bonds classified as being Hold To Collect (HTC) rated<br>as very good according to internal rating, municipal bonds rated as good and corporate bonds rated as good<br>and standard grade for both periods. | Group<br>Unaudited (*)                        |                                                                                | Bank<br>Unaudited (*)  |                        |
|                                                                                                                                                                                                                                                                |                                               | December 31,                                                                   | March 31,              | December 31,           |
|                                                                                                                                                                                                                                                                | March 31,                                     |                                                                                |                        |                        |
|                                                                                                                                                                                                                                                                | 2025                                          | 2024                                                                           | 2025                   | 2024                   |
| Bonds HTC                                                                                                                                                                                                                                                      | 6,054,378                                     | 6,056,575                                                                      | 6,054,378              | 6,056,575              |
| Ministry of Public Finance                                                                                                                                                                                                                                     | 3,503,009                                     | 3,492,291                                                                      | 3,503,009              | 3,492,291              |
| French Government                                                                                                                                                                                                                                              | 1,901,429                                     | 1,890,954                                                                      | 1,901,429              | 1,890,954              |
| United States Government                                                                                                                                                                                                                                       | 649,940                                       | 673,330                                                                        | 649,940                | 673,330                |
| Municipal bonds                                                                                                                                                                                                                                                | 551,875                                       | 545,045                                                                        | 551,875                | 545,045                |
| Corporate bonds                                                                                                                                                                                                                                                | 507,500                                       | 506,160                                                                        | 507,500                | 506,160                |
| Total                                                                                                                                                                                                                                                          | 7,113,752                                     | 7,107,780                                                                      | 7,113,752              | 7,107,780              |
|                                                                                                                                                                                                                                                                |                                               |                                                                                |                        |                        |
|                                                                                                                                                                                                                                                                | Unaudited (*)                                 |                                                                                | Unaudited (*)          |                        |
|                                                                                                                                                                                                                                                                | March 31,                                     | December 31,                                                                   | March 31,              | December 31,           |
| Internal rating grade                                                                                                                                                                                                                                          | 2025                                          | 2024                                                                           | 2025                   | 2024                   |
| Gross carrying amount                                                                                                                                                                                                                                          |                                               |                                                                                |                        |                        |
| Very good grade<br>Good grade                                                                                                                                                                                                                                  | 6,054,378<br>1,055,926                        | 6,056,575<br>1,047,771                                                         | 6,054,378<br>1,055,926 | 6,056,575<br>1,047,771 |

|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 | (Amounts in thousands RON) |               |                   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|----------------------------|---------------|-------------------|
| Financial assets at amortised cost (continued)                                                                                                                                                                                                                                                                                                                                               |                                                 |                            |               |                   |
| 9.2. Debt securities                                                                                                                                                                                                                                                                                                                                                                         |                                                 |                            |               |                   |
| Debt securities measured at amortised cost include bonds classified as being Hold To Collect (HTC) rated                                                                                                                                                                                                                                                                                     |                                                 |                            |               |                   |
| as very good according to internal rating, municipal bonds rated as good and corporate bonds rated as good                                                                                                                                                                                                                                                                                   |                                                 |                            |               |                   |
| and standard grade for both periods.                                                                                                                                                                                                                                                                                                                                                         |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              | March 31,                                       | December 31,               | March 31,     | December 31,      |
|                                                                                                                                                                                                                                                                                                                                                                                              | 2025                                            | 2024                       | 2025          | 2024              |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
| United States Government                                                                                                                                                                                                                                                                                                                                                                     | 649,940                                         | 673,330                    | 649,940       | 673,330           |
| Municipal bonds                                                                                                                                                                                                                                                                                                                                                                              | 551,875                                         | 545,045                    | 551,875       | 545,045           |
| Corporate bonds                                                                                                                                                                                                                                                                                                                                                                              | 507,500                                         | 506,160                    | 507,500       | 506,160           |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              | Group                                           |                            | Bank          |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              | Unaudited (*)                                   |                            | Unaudited (*) |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              | March 31,                                       | December 31,               | March 31,     | December 31,      |
|                                                                                                                                                                                                                                                                                                                                                                                              | 2025                                            | 2024                       | 2025          | 2024              |
| Internal rating grade<br>Gross carrying amount                                                                                                                                                                                                                                                                                                                                               |                                                 |                            |               |                   |
| Very good grade                                                                                                                                                                                                                                                                                                                                                                              | 6,054,378                                       | 6,056,575                  | 6,054,378     | 6,056,575         |
| Good grade                                                                                                                                                                                                                                                                                                                                                                                   | 1,055,926                                       | 1,047,771                  | 1,055,926     | 1,047,771         |
| Standard grade                                                                                                                                                                                                                                                                                                                                                                               | 6,755                                           | 6,929                      | 6,755         | 6,929             |
| Total                                                                                                                                                                                                                                                                                                                                                                                        | 7,117,058                                       | 7,111,274                  | 7,117,058     | 7,111,274         |
| ECL allowance                                                                                                                                                                                                                                                                                                                                                                                | (3,306)                                         | (3,495)                    | (3,306)       | (3,495)           |
| Total net amount                                                                                                                                                                                                                                                                                                                                                                             | 7,113,752                                       | 7,107,780                  | 7,113,752     | 7,107,780         |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
| 10.<br>Finance lease receivables                                                                                                                                                                                                                                                                                                                                                             |                                                 |                            |               |                   |
| The Group acts as a lessor through the subsidiary BRD Sogelease IFN SA, having in the portfolio vehicles,<br>equipment (industrial, agricultural) and real estate leases. The leases are denominated mainly in EUR and<br>RON, with transfer of ownership of the leased asset at the end of the lease term. The receivables are secured<br>by the underlying assets and by other collateral. |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 | March 31, 2025             | Unaudited (*) | December 31, 2024 |
| Net investment in the lease                                                                                                                                                                                                                                                                                                                                                                  |                                                 |                            | 2,130,997     | 2,112,276         |
|                                                                                                                                                                                                                                                                                                                                                                                              | Accumulated allowance for uncollectible minimum |                            |               |                   |
| lease payments receivable                                                                                                                                                                                                                                                                                                                                                                    |                                                 |                            | (93,455)      | (88,801)          |
| Total                                                                                                                                                                                                                                                                                                                                                                                        |                                                 |                            | 2,037,542     | 2,023,475         |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |
|                                                                                                                                                                                                                                                                                                                                                                                              |                                                 |                            |               |                   |

## 10. Finance lease receivables

| Unaudited (*) |  |
|---------------|--|
|               |  |
|               |  |
|               |  |
|               |  |
|               |  |
|               |  |

## 10. Finance lease receivables (continued)

## Impairment allowance movement

| BRD – Groupe Société Générale S.A.<br>NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |         |         |            |         |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|------------|---------|--|
| 10.<br>Finance lease receivables (continued)                                                                                                                                                          |         |         |            |         |  |
| Impairment allowance movement                                                                                                                                                                         |         |         |            |         |  |
|                                                                                                                                                                                                       |         | Retail  |            |         |  |
|                                                                                                                                                                                                       | Stage 1 | Stage 2 | Stage 3    | Total   |  |
| Impairment allowance as at 1st January 2025                                                                                                                                                           | 3,163   | 5,063   | 31,906     | 40,132  |  |
| New assets originated or purchased                                                                                                                                                                    | 479     | 412     | -          | 891     |  |
| Assets derecognised or fully repaid (excluding write offs)                                                                                                                                            | 2,011   | 1,134   | (337)      | 2,808   |  |
| Movements due to change in classification                                                                                                                                                             | (1,896) | (1,595) | 470        | (3,021) |  |
| Net movement for assets that did not change classification                                                                                                                                            | (542)   | 206     | 1,370      | 1,034   |  |
| Amounts written off                                                                                                                                                                                   | -       | -       | (227)      | (227)   |  |
| Other adjustments                                                                                                                                                                                     | 2       | 3       | 19         | 23      |  |
| Impairment allowance as at March 31, 2025                                                                                                                                                             | 3,216   | 5,222   | 33,202     | 41,640  |  |
|                                                                                                                                                                                                       |         |         | Non-retail |         |  |
|                                                                                                                                                                                                       | Stage 1 | Stage 2 | Stage 3    | Total   |  |
|                                                                                                                                                                                                       |         |         |            |         |  |

|                                                            |            | Retail     |         |         |  |  |
|------------------------------------------------------------|------------|------------|---------|---------|--|--|
|                                                            | Stage 1    | Stage 2    | Stage 3 | Total   |  |  |
| Impairment allowance as at 1st January 2025                | 3,163      | 5,063      | 31,906  | 40,132  |  |  |
| New assets originated or purchased                         | 479        | 412        | -       | 891     |  |  |
| Assets derecognised or fully repaid (excluding write offs) | 2,011      | 1,134      | (337)   | 2,808   |  |  |
| Movements due to change in classification                  | (1,896)    | (1,595)    | 470     | (3,021) |  |  |
| Net movement for assets that did not change classification | (542)      | 206        | 1,370   | 1,034   |  |  |
| Amounts written off                                        | -          | -          | (227)   | (227)   |  |  |
| Other adjustments                                          | 2          | 3          | 19      | 23      |  |  |
|                                                            |            |            |         |         |  |  |
|                                                            |            |            |         |         |  |  |
|                                                            |            | Non-retail |         |         |  |  |
|                                                            | Stage 1    | Stage 2    | Stage 3 | Total   |  |  |
| Impairment allowance as at 1st January 2025                | 4,326      | 6,396      | 37,947  | 48,669  |  |  |
| New assets originated or purchased                         | 459        | 974        | 112     | 1,545   |  |  |
| Assets derecognised or fully repaid (excluding write offs) | 2,287      | 1,167      | (243)   | 3,211   |  |  |
| Movements due to change in classification                  | (2,180)    | (1,757)    | 424     | (3,513) |  |  |
| Net movement for assets that did not change classification | (698)      | 925        | 1,864   | 2,091   |  |  |
| Amounts written off                                        | -          | -          | (215)   | (215)   |  |  |
| Other adjustments                                          | 3          | 3          | 21      | 27      |  |  |
| Impairment allowance as at March 31, 2025                  | 4,197      | 7,709      | 39,909  | 51,814  |  |  |
|                                                            | Total      |            |         |         |  |  |
|                                                            | Stage 1    | Stage 2    | Stage 3 | Total   |  |  |
|                                                            |            |            |         |         |  |  |
| Impairment allowance as at 1st January 2025                | 7,489      | 11,459     | 69,853  | 88,801  |  |  |
| New assets originated or purchased                         | 938        | 1,386      | 112     | 2,436   |  |  |
| Assets derecognised or fully repaid (excluding write offs) | 4,298      | 2,301      | (580)   | 6,018   |  |  |
| Movements due to change in classification                  | (4,077)    | (3,352)    | 894     | (6,534) |  |  |
| Net movement for assets that did not change classification | (1,240)    | 1,131      | 3,234   | 3,125   |  |  |
| Amounts written off<br>Other adjustments                   | -          | -          | (442)   | (442)   |  |  |
|                                                            | 5<br>7,413 | 6          | 39      | 50      |  |  |
| Impairment allowance as at March 31, 2025                  |            | 12,931     | 73,110  | 93,455  |  |  |

| Stage 1 | Stage 2               | Stage 3                                        | Total                  |
|---------|-----------------------|------------------------------------------------|------------------------|
|         |                       |                                                | 88,801                 |
|         |                       |                                                | 2,436                  |
|         |                       |                                                | 6,018                  |
|         | (3,352)               | 894                                            | (6,534)                |
|         | 1,131                 | 3,234                                          | 3,125                  |
| -       | -                     | (442)                                          | (442)                  |
| 5       | 6                     | 39                                             | 50                     |
|         |                       |                                                |                        |
|         | 7,489<br>938<br>4,298 | 11,459<br>1,386<br>2,301<br>(4,077)<br>(1,240) | 69,853<br>112<br>(580) |

## 10. Finance lease receivables (continued)

## Impairment allowance movement (continued)

| BRD – Groupe Société Générale S.A.<br>NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |         |         |            |         |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|------------|---------|--|
| Finance lease receivables (continued)                                                                                                                                                                 |         |         |            |         |  |
| Impairment allowance movement (continued)                                                                                                                                                             |         |         |            |         |  |
|                                                                                                                                                                                                       | Retail  |         |            |         |  |
|                                                                                                                                                                                                       | Stage 1 | Stage 2 | Stage 3    | Total   |  |
| Impairment allowance as at 1st January 2024                                                                                                                                                           | 2,500   | 6,945   | 25,266     | 34,711  |  |
| New assets originated or purchased                                                                                                                                                                    | 1,651   | 2,121   | 3,125      | 6,897   |  |
| Assets derecognised or fully repaid (excluding write offs)                                                                                                                                            | 7,165   | (2,050) | (2,271)    | 2,845   |  |
| Movements due to change in classification                                                                                                                                                             | (3,490) | (2,983) | 1,063      | (5,410) |  |
| Net movement for assets that did not change classification                                                                                                                                            | (4,661) | 1,049   | 5,540      | 1,928   |  |
| Amounts written off                                                                                                                                                                                   | (1)     | (19)    | (815)      | (835)   |  |
| Other adjustments                                                                                                                                                                                     | (1)     | (0)     | (2)        | (3)     |  |
| Impairment allowance as at December 31, 2024                                                                                                                                                          | 3,163   | 5,063   | 31,907     | 40,133  |  |
|                                                                                                                                                                                                       |         |         | Non-retail |         |  |
|                                                                                                                                                                                                       | Stage 1 | Stage 2 | Stage 3    | Total   |  |
|                                                                                                                                                                                                       |         |         |            | 59,061  |  |

|                                                            |              | Retail        |                   |         |  |
|------------------------------------------------------------|--------------|---------------|-------------------|---------|--|
|                                                            | Stage 1      | Stage 2       | Stage 3           | Total   |  |
| Impairment allowance as at 1st January 2024                | 2,500        | 6,945         | 25,266            | 34,711  |  |
| New assets originated or purchased                         | 1,651        | 2,121         | 3,125             | 6,897   |  |
| Assets derecognised or fully repaid (excluding write offs) | 7,165        | (2,050)       | (2,271)           | 2,845   |  |
| Movements due to change in classification                  | (3,490)      | (2,983)       | 1,063             | (5,410) |  |
| Net movement for assets that did not change classification | (4,661)      | 1,049         | 5,540             | 1,928   |  |
| Amounts written off                                        | (1)          | (19)          | (815)             | (835)   |  |
| Other adjustments                                          | (1)          | (0)           | (2)               | (3)     |  |
|                                                            |              |               |                   |         |  |
|                                                            |              |               |                   |         |  |
|                                                            |              |               | Non-retail        |         |  |
|                                                            | Stage 1      | Stage 2       | Stage 3           | Total   |  |
| Impairment allowance as at 1st January 2024                | 3,492        | 11,211        | 44,358            | 59,061  |  |
| New assets originated or purchased                         | 2,292        | 2,432         | 3,901             | 8,625   |  |
| Assets derecognised or fully repaid (excluding write offs) | 4,255        | (4,820)       | (1,452)           | (2,016) |  |
| Movements due to change in classification                  | 1,557        | (3,055)       | 811               | (688)   |  |
| Net movement for assets that did not change classification | (7,269)      | 630           | (1,246)           | (7,885) |  |
| Amounts written off                                        | -            | -             | (168)             | (168)   |  |
| Other adjustments                                          | (1)          | (0)           | (8,260)           | (8,261) |  |
| Impairment allowance as at December 31, 2024               | 4,326        | 6,398         | 37,944            | 48,668  |  |
|                                                            |              |               | Total             |         |  |
|                                                            | Stage 1      | Stage 2       | Stage 3           | Total   |  |
| Impairment allowance as at 1st January 2024                | 5,992        | 18,155        | 69,624            | 93,772  |  |
| New assets originated or purchased                         | 3,943        | 4,553         | 7,026             | 15,522  |  |
| Assets derecognised or fully repaid (excluding write offs) | 11,420       | (6,870)       | (3,723)           | 828     |  |
| Movements due to change in classification                  | (1,933)      | (6,038)       | 1,874             | (6,097) |  |
| Net movement for assets that did not change classification | (11,930)     | 1,679         | 4,294             | (5,957) |  |
| Amounts written off                                        | (1)          | (19)          | (982)             | (1,002) |  |
| Other adjustments                                          |              |               |                   | (8,264) |  |
| Impairment allowance as at December 31, 2024               | (2)<br>7,489 | (1)<br>11,461 | (8,260)<br>69,851 | 88,801  |  |
|                                                            |              |               |                   |         |  |
| Assets held for sale                                       |              |               |                   |         |  |
|                                                            |              |               |                   |         |  |
|                                                            |              |               |                   |         |  |

| Impairment allowance as at 1st January 2024                |                   |                      | 3,492    | 11,211            | 44,358           | 59,061               |
|------------------------------------------------------------|-------------------|----------------------|----------|-------------------|------------------|----------------------|
| New assets originated or purchased                         |                   |                      | 2,292    | 2,432             | 3,901            | 8,625                |
| Assets derecognised or fully repaid (excluding write offs) |                   |                      | 4,255    | (4,820)           | (1,452)          | (2,016)              |
| Movements due to change in classification                  |                   |                      | 1,557    | (3,055)           | 811              | (688)                |
| Net movement for assets that did not change classification |                   |                      | (7,269)  | 630               | (1,246)          | (7,885)              |
| Amounts written off                                        |                   |                      | -        | -                 | (168)            | (168)                |
| Other adjustments                                          |                   |                      | (1)      | (0)               | (8,260)          | (8,261)              |
|                                                            |                   |                      |          |                   |                  |                      |
|                                                            |                   |                      |          |                   |                  |                      |
|                                                            |                   |                      | Stage 1  | Stage 2           | Total<br>Stage 3 | Total                |
|                                                            |                   |                      |          |                   |                  |                      |
| Impairment allowance as at 1st January 2024                |                   |                      | 5,992    | 18,155            | 69,624           | 93,772               |
| New assets originated or purchased                         |                   |                      | 3,943    | 4,553             | 7,026            | 15,522               |
| Assets derecognised or fully repaid (excluding write offs) |                   |                      | 11,420   | (6,870)           | (3,723)          | 828                  |
| Movements due to change in classification                  |                   |                      | (1,933)  | (6,038)           | 1,874            | (6,097)              |
| Net movement for assets that did not change classification |                   |                      | (11,930) | 1,679             | 4,294            | (5,957)              |
| Amounts written off                                        |                   |                      | (1)      | (19)              | (982)            | (1,002)              |
| Other adjustments                                          |                   |                      | (2)      | (1)               | (8,260)          | (8,264)              |
| Impairment allowance as at December 31, 2024               |                   |                      | 7,489    | 11,461            | 69,851           | 88,801               |
| 11.<br>Assets held for sale                                |                   |                      |          |                   |                  |                      |
|                                                            | Group             |                      |          |                   | Bank             |                      |
|                                                            | Unaudited (*)     |                      |          | Unaudited (*)     |                  |                      |
|                                                            | March 31,<br>2025 | December 31,<br>2024 |          | March 31,<br>2025 |                  | December 31,<br>2024 |
| Property, plant and equipment                              | 4,265             |                      | 4,265    |                   | 4,265            | 4,265                |
| Financial assets - Investments BRD Pensii                  | 6,737             |                      | 6,737    |                   | 4,648            | 4,648                |
|                                                            | 11,002            |                      | 11,002   |                   | 8,913            | 8,913                |

#### 11. Assets held for sale

| March 31, | December 31, | March 31, | December 31, |
|-----------|--------------|-----------|--------------|
| 2025      | 2024         | 2025      | 2024         |
|           |              |           |              |
|           |              |           |              |
|           |              |           |              |

In May 2024 it was signed the Business Transfer Agreement and Purchase Sale Agreement for the sale of investment in associate BRD Societate de Administrare a Fondurilor de Pensii Private SA including Pillar 2 and 3 Pension Funds to a third party. BRD–Groupe Société Générale decided to reclassify the investment from Investments in associates into Assets held for sale.

#### 12. Property, plant and equipment

|                                                                | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) | BRD – Groupe Société Générale S.A. |                             |               |                       |                          |
|----------------------------------------------------------------|-------------------------------------------------------------------------------|-----------------------------------------------------------------------------|------------------------------------|-----------------------------|---------------|-----------------------|--------------------------|
| Property, plant and equipment                                  |                                                                               |                                                                             |                                    |                             |               |                       |                          |
|                                                                |                                                                               |                                                                             |                                    | Group                       |               |                       |                          |
|                                                                | Land &<br>Buildings                                                           | Office<br>equipments                                                        | Materials and<br>other assets      | Construction in<br>progress | Right of use  | Total PPE             | Investment<br>properties |
| Cost:                                                          |                                                                               |                                                                             |                                    |                             |               |                       |                          |
| as of December 31, 2023                                        | 1,303,958                                                                     | 304,370                                                                     | 470,151                            | 88,954                      | 462,368       | 2,629,801             | 35,506                   |
| Additions                                                      | -                                                                             | 648                                                                         | 4                                  | 147,890                     | 77,838        | 226,380               | -                        |
| Transfers                                                      | 48,392                                                                        | 37,152                                                                      | 39,777                             | (121,930)                   | -             | 3,391                 | (3,470)                  |
| Transfers into/from inventory<br>Disposals and other movements | (756)<br>(85,965)                                                             | -<br>(42,399)                                                               | -<br>(45,995)                      | -<br>(6,485)                | -<br>(43,738) | (756)<br>(224,582)    | (15)<br>(14,225)         |
| as of December 31, 2024                                        | 1,265,629                                                                     | 299,771                                                                     | 463,937                            | 108,429                     | 496,468       | 2,634,234             | 17,796                   |
| Additions                                                      | -                                                                             | 19                                                                          | -                                  | 12,836                      | 2,758         | 15,613                | -                        |
| Transfers                                                      | 9,429                                                                         | 3,098                                                                       | 12,109                             | (24,636)                    | -             | -                     | -                        |
| Disposals and other movements                                  | (37,208)                                                                      | (6,119)                                                                     | (8,281)                            | (137)                       | (13,308)      | (65,053)              | (4,826)                  |
| as of March 31, 2025 Unaudited                                 | 1,237,850                                                                     | 296,769                                                                     | 467,765                            | 96,492                      | 485,918       | 2,584,794             | 12,970                   |
| Depreciation and impairment:                                   |                                                                               |                                                                             |                                    |                             |               |                       |                          |
| as of December 31, 2023                                        | (819,970)                                                                     | (231,016)                                                                   | (339,853)                          | -                           |               | (165,066) (1,555,905) | (20,970)                 |
| Depreciation                                                   | (38,944)                                                                      | (35,275)                                                                    | (34,801)                           | -                           | (77,347)      | (186,367)             | (442)                    |
| Impairment                                                     | 19,071                                                                        | -                                                                           | (65)                               | -                           | -             | 19,006                | 142                      |
| Disposals and other movements                                  | 51,261                                                                        | 42,402                                                                      | 43,217                             | -                           | 63,714        | 200,594               | 11,788                   |
| Transfers                                                      | (1,782)                                                                       | (5)                                                                         | 5                                  | -                           | -             | (1,782)               | 1,782                    |
| as of December 31, 2024                                        | (790,364)                                                                     | (223,894)                                                                   | (331,497)                          | -                           |               | (178,699) (1,524,454) | (7,700)                  |
| Depreciation                                                   | (10,024)                                                                      | (8,202)                                                                     | (9,250)                            | -                           | (19,156)      | (46,632)              | (52)                     |
| Impairment                                                     | 5,055<br>20,762                                                               | -<br>6,039                                                                  | (517)<br>7,596                     | -<br>-                      | -<br>17,403   | 4,538<br>51,800       | 794<br>2,584             |
| Disposals and other movements<br>Transfers                     | 213                                                                           | -                                                                           | (213)                              | -                           | -             | -                     | -                        |
| as of March 31, 2025 Unaudited                                 | (774,358)                                                                     | (226,057)                                                                   | (333,881)                          | -                           | (180,452)     | (1,514,748)           | (4,374)                  |
|                                                                |                                                                               |                                                                             |                                    |                             |               |                       |                          |
| Net book value:<br>as of December 31, 2023                     | 483,988                                                                       | 73,354                                                                      | 130,298                            | 88,954                      | 297,302       | 1,073,896             | 14,536                   |
| as of December 31, 2024                                        | 475,265                                                                       | 75,877                                                                      | 132,440                            | 108,429                     | 317,769       | 1,109,780             | 10,096                   |
| as of March 31, 2025 Unaudited                                 | 463,492                                                                       | 70,712                                                                      | 133,884                            | 96,492                      | 305,466       | 1,070,046             | 8,596                    |
|                                                                |                                                                               |                                                                             |                                    |                             |               |                       |                          |

#### (Amounts in thousands RON)

## 12. Property, plant and equipment (continued)

|                                            |                      | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                               | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS |              |                                  |                          |
|--------------------------------------------|----------------------|-----------------------------------------------------------------------------|-------------------------------|-------------------------------------------------------------------------------|--------------|----------------------------------|--------------------------|
| Property, plant and equipment (continued)  |                      |                                                                             |                               | Bank                                                                          |              |                                  |                          |
|                                            | Land &<br>Buildings  | Office<br>equipments                                                        | Materials and<br>other assets | Construction in<br>progress                                                   | Right of use | Total PPE                        | Investment<br>properties |
| Cost:                                      |                      |                                                                             |                               |                                                                               |              |                                  |                          |
| as of December 31, 2023                    | 1,293,959            | 295,740                                                                     | 469,889                       | 88,953                                                                        | 438,648      | 2,587,189                        | 35,505                   |
| Additions<br>Transfers                     | -<br>48,392          | -<br>37,152                                                                 | -<br>39,777                   | 147,890<br>(121,930)                                                          | 77,052<br>-  | 224,942<br>3,391                 | -<br>(3,470)             |
| Transfers into/from inventory              | (756)                | -                                                                           | -                             | -                                                                             | -            | (756)                            | (15)                     |
| Disposals and other movements              | (85,965)             | (38,275)                                                                    | (45,911)                      | (6,485)                                                                       | (31,233)     | (207,869)                        | (14,225)                 |
| as of December 31, 2024                    | 1,255,630            | 294,617                                                                     | 463,755                       | 108,428                                                                       | 484,467      | 2,606,897                        | 17,795                   |
| Additions                                  | -                    | -                                                                           | -                             | 12,836                                                                        | 2,706        | 15,542                           | -                        |
| Transfers                                  | 9,429                | 3,098                                                                       | 12,109                        | (24,636)                                                                      | -            | -                                | -                        |
| Disposals and other movements              | (37,208)             | (2,392)                                                                     | (8,271)                       | (137)                                                                         | (7,394)      | (55,402)                         | (4,829)                  |
| as of March 31, 2025 Unaudited             | 1,227,851            | 295,323                                                                     | 467,593                       | 96,491                                                                        | 479,779      | 2,567,037                        | 12,966                   |
| Depreciation and impairment:               |                      |                                                                             |                               |                                                                               |              |                                  |                          |
| as of December 31, 2023                    | (814,123)            | (222,977)                                                                   | (339,653)                     | -                                                                             |              | (159,198) (1,535,951)            | (20,969)                 |
| Depreciation                               | (38,712)             | (34,728)                                                                    | (34,786)                      | -                                                                             | (75,087)     | (183,313)                        | (441)                    |
| Impairment                                 | 19,071               | -                                                                           | (65)                          | -                                                                             | -            | 19,006                           | 142                      |
| Disposals and other movements              | 51,261               | 38,271                                                                      | 43,134                        | -                                                                             | 62,708       | 195,374                          | 11,787                   |
| Transfers<br>as of December 31, 2024       | (1,782)<br>(784,285) | (5)<br>(219,439)                                                            | 5<br>(331,365)                | -<br>-                                                                        | -            | (1,782)<br>(171,577) (1,506,666) | 1,782<br>(7,699)         |
| Depreciation                               | (9,966)              | (8,131)                                                                     | (9,248)                       | -                                                                             | (18,730)     | (46,075)                         | (52)                     |
| Impairment                                 | 5,055                | -                                                                           | (517)                         | -                                                                             | -            | 4,538                            | 795                      |
| Disposals and other movements              | 20,763               | 2,392                                                                       | 7,591                         | -                                                                             | 12,230       | 42,976                           | 2,586                    |
| Transfers                                  | 213                  | -                                                                           | (213)                         | -                                                                             | -            | -                                | -                        |
| as of March 31, 2025 Unaudited             | (768,220)            | (225,178)                                                                   | (333,752)                     | -                                                                             | (178,077)    | (1,505,227)                      | (4,370)                  |
|                                            |                      |                                                                             |                               |                                                                               |              |                                  |                          |
| Net book value:<br>as of December 31, 2023 | 479,836              | 72,763                                                                      | 130,236                       | 88,953                                                                        | 279,450      | 1,051,238                        | 14,536                   |
| as of December 31, 2024                    | 471,345              | 75,178                                                                      | 132,390                       | 108,428                                                                       | 312,890      | 1,100,231                        | 10,096                   |
| as of March 31, 2025 Unaudited             | 459,631              | 70,145                                                                      | 133,841                       | 96,491                                                                        | 301,702      | 1,061,810                        | 8,596                    |

## 12. Property, plant and equipment (continued)

|                                                                               | BRD – Groupe Société Générale S.A.            |                      |                       |          |
|-------------------------------------------------------------------------------|-----------------------------------------------|----------------------|-----------------------|----------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS |                                               |                      |                       |          |
|                                                                               | as at and for the period ended March 31, 2025 |                      |                       |          |
|                                                                               | (Amounts in thousands RON)                    |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
| Group                                                                         |                                               | Right-of-use assets  |                       |          |
| Unaudited (*)                                                                 | Land & Buildings                              | IT Office equipments | Cars and other assets | Total    |
| as of January 1, 2025                                                         | 293,770                                       | 13,146               | 10,853                | 317,769  |
| Additions                                                                     | 2,439                                         | -                    | 319                   | 2,758    |
| Depreciation expense                                                          | (16,693)                                      | (1,158)              | (1,305)               | (19,156) |
| Disposals and other decreases                                                 | (4,685)                                       | -                    | -                     | (4,685)  |
| Contractual changes                                                           | 8,780                                         | -                    | -                     | 8,780    |
| as of March 31, 2025                                                          | 283,611                                       | 11,988               | 9,867                 | 305,466  |
|                                                                               |                                               |                      |                       |          |
|                                                                               | Lease liabilities                             |                      |                       |          |
| as of January 1, 2025                                                         | 329,306                                       |                      |                       |          |
| Additions                                                                     | 2,758                                         |                      |                       |          |
| Disposals and other decreases                                                 | (4,494)                                       |                      |                       |          |
| Other movements (FX, other contractual changes)                               | 6,942                                         |                      |                       |          |
| Interest expense<br>Payments                                                  | 1,904<br>(19,648)                             |                      |                       |          |
| as of March 31, 2025                                                          | 316,768                                       |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
| Bank                                                                          |                                               | Right-of-use assets  |                       |          |
| Unaudited (*)                                                                 | Land & Buildings                              | IT Office equipments | Cars and other assets | Total    |
| as of January 1, 2025                                                         | 291,348                                       | 11,613               | 9,929                 | 312,890  |
| Additions                                                                     | 2,388                                         | -                    | 319                   | 2,707    |
| Depreciation expense                                                          | (16,498)                                      | (1,158)              | (1,074)               | (18,730) |
| Disposals and other decreases                                                 | (3,945)                                       | -                    | -                     | (3,945)  |
| Contractual changes                                                           | 8,780                                         | -                    | -                     | 8,780    |
| as of March 31, 2025                                                          | 282,073                                       | 10,455               | 9,174                 | 301,702  |
|                                                                               |                                               |                      |                       |          |
|                                                                               | Lease liabilities                             |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |

| as of January 1, 2025 | 329,306 |
|-----------------------|---------|
|                       |         |
|                       |         |
|                       |         |
|                       |         |
|                       |         |
|                       |         |

| as of January 1, 2025                                                                       | 329,306  |                     |  |
|---------------------------------------------------------------------------------------------|----------|---------------------|--|
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
| Bank                                                                                        |          | Right-of-use assets |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
| as of January 1, 2025                                                                       | 324,196  |                     |  |
| Additions                                                                                   | 2,707    |                     |  |
| Disposals and other decreases                                                               | (3,525)  |                     |  |
| Other movements (FX, other contractual changes)                                             | 6,860    |                     |  |
| Interest expense                                                                            | 1,869    |                     |  |
| Payments                                                                                    | (19,282) |                     |  |
| as of March 31, 2025                                                                        | 312,825  |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |
| The accompanying notes are an integral part of this condensed interim financial statements. |          |                     |  |
|                                                                                             |          |                     |  |
|                                                                                             |          |                     |  |

|                                                 | Lease liabilities |  |
|-------------------------------------------------|-------------------|--|
| as of January 1, 2025                           | 324,196           |  |
| Additions                                       | 2,707             |  |
| Disposals and other decreases                   | (3,525)           |  |
| Other movements (FX, other contractual changes) | 6,860             |  |
| Interest expense                                | 1.869             |  |
| Payments                                        | (19,282)          |  |
| as of March 31, 2025                            | 312,825           |  |

## 12. Property, plant and equipment (continued)

|                                                                               | BRD – Groupe Société Générale S.A.            |                      |                       |          |
|-------------------------------------------------------------------------------|-----------------------------------------------|----------------------|-----------------------|----------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               | as at and for the period ended March 31, 2025 |                      |                       |          |
|                                                                               | (Amounts in thousands RON)                    |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
| Group                                                                         |                                               | Right-of-use assets  |                       |          |
|                                                                               | Land & Buildings                              | IT Office equipments | Cars and other assets | Total    |
| as of January 1, 2024                                                         | 275,244                                       | 10,817               | 11,241                | 297,302  |
| Additions                                                                     | 65,889                                        | 5,968                | 5,981                 | 77,838   |
| Depreciation expense                                                          | (67,132)                                      | (3,639)              | (6,576)               | (77,347) |
| Disposals and other decreases                                                 | (17,225)                                      | -                    | (120)                 | (17,345) |
| Contractual changes                                                           | 36,994                                        | -                    | 327                   | 37,321   |
| as of December 31, 2024                                                       | 293,770                                       | 13,146               | 10,853                | 317,769  |
|                                                                               |                                               |                      |                       |          |
|                                                                               | Lease liabilities                             |                      |                       |          |
| as of January 1, 2024                                                         |                                               |                      |                       |          |
|                                                                               | 308,752                                       |                      |                       |          |
| Additions                                                                     | 77,838                                        |                      |                       |          |
| Disposals and other decreases                                                 | (29,939)                                      |                      |                       |          |
| Other movements (FX, other contractual changes)                               | 49,789                                        |                      |                       |          |
| Interest expense                                                              | 7,910                                         |                      |                       |          |
| Payments                                                                      | (85,044)                                      |                      |                       |          |
| as of December 31, 2024                                                       | 329,306                                       |                      |                       |          |
|                                                                               |                                               |                      |                       |          |
| Bank                                                                          |                                               | Right-of-use assets  |                       |          |
|                                                                               | Land & Buildings                              | IT Office equipments | Cars and other assets | Total    |
| as of January 1, 2024                                                         | 259,990                                       | 9,284                | 10,176                | 279,450  |
| Additions                                                                     | 65,817                                        | 5,968                | 5,267                 | 77,052   |
| Depreciation expense                                                          | (65,934)                                      | (3,639)              | (5,514)               | (75,087) |
| Disposals and other decreases                                                 | (5,519)                                       | -                    | -                     | (5,519)  |
| Contractual changes                                                           | 36,994                                        | -                    | -                     | 36,994   |
| as of December 31, 2024                                                       | 291,348                                       | 11,613               | 9,929                 | 312,890  |
|                                                                               |                                               |                      |                       |          |
|                                                                               | Lease liabilities                             |                      |                       |          |
| as of January 1, 2024                                                         | 290,502                                       |                      |                       |          |
| Additions                                                                     | 77,052                                        |                      |                       |          |
| Disposals and other decreases                                                 | (17,503)                                      |                      |                       |          |

| as of January 1, 2024 | 308,752 |
|-----------------------|---------|
|                       |         |
|                       |         |
|                       |         |
|                       |         |
|                       |         |
|                       |         |

| as of January 1, 2024                                               | 308,752  |                     |  |
|---------------------------------------------------------------------|----------|---------------------|--|
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
| Bank                                                                |          | Right-of-use assets |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     |          |                     |  |
|                                                                     | 290,502  |                     |  |
| as of January 1, 2024<br>Additions                                  | 77,052   |                     |  |
| Disposals and other decreases                                       | (17,503) |                     |  |
|                                                                     | 49,481   |                     |  |
| Other movements (FX, other contractual changes)<br>Interest expense | 7,744    |                     |  |
| Payments                                                            | (83,080) |                     |  |

|                                                 | Lease liabilities |  |  |
|-------------------------------------------------|-------------------|--|--|
| as of January 1, 2024                           | 290,502           |  |  |
| Additions                                       | 77.052            |  |  |
| Disposals and other decreases                   | (17,503)          |  |  |
| Other movements (FX, other contractual changes) | 49.481            |  |  |
| Interest expense                                | 7.744             |  |  |
| Payments                                        | (83,080)          |  |  |
| as of December 31, 2024                         | 324,196           |  |  |

## 13. Intangible assets

The balance of the intangible assets as of March 31, 2025 and December 31, 2024 represents mainly software, intangibles in progress and capitalization of internal IT effort on projects.

|                                                                                                                                                                                              | STATEMENTS |           | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|-----------|--------------------------------------------------------------------|
| as at and for the period ended March 31, 2025<br>(Amounts in thousands RON)                                                                                                                  |            |           |                                                                    |
|                                                                                                                                                                                              |            |           |                                                                    |
| The balance of the intangible assets as of March 31, 2025 and December 31, 2024 represents mainly<br>software, intangibles in progress and capitalization of internal IT effort on projects. |            |           |                                                                    |
|                                                                                                                                                                                              |            |           |                                                                    |
| Cost:                                                                                                                                                                                        |            |           |                                                                    |
| as of December 31, 2023                                                                                                                                                                      | 1,082,589  | 1,057,002 |                                                                    |
| Additions                                                                                                                                                                                    | 194,658    | 191,803   |                                                                    |
| Disposals                                                                                                                                                                                    | (6,365)    | (785)     |                                                                    |
| Transfers                                                                                                                                                                                    | 74         | 74        |                                                                    |
| as of December 31, 2024                                                                                                                                                                      | 1,270,956  | 1,248,094 |                                                                    |
| Additions                                                                                                                                                                                    | 32,564     | 32,562    |                                                                    |
| Disposals                                                                                                                                                                                    | (20,448)   | (15,859)  |                                                                    |
| as of March 31, 2025 Unaudited                                                                                                                                                               | 1,283,072  | 1,264,797 |                                                                    |
| Amortization:                                                                                                                                                                                |            |           |                                                                    |
| as of December 31, 2023                                                                                                                                                                      | (576,631)  | (552,781) |                                                                    |
| Amortization expense                                                                                                                                                                         | (88,715)   | (87,532)  |                                                                    |
| Disposals                                                                                                                                                                                    | 5,132      | 239       |                                                                    |
| as of December 31, 2024                                                                                                                                                                      | (660,214)  | (640,074) |                                                                    |
| Amortization expense                                                                                                                                                                         | (26,469)   | (26,267)  |                                                                    |
| Disposals                                                                                                                                                                                    | 20,386     | 15,858    |                                                                    |
| as of March 31, 2025 Unaudited                                                                                                                                                               | (666,297)  | (650,483) |                                                                    |
| Net book value:                                                                                                                                                                              |            |           |                                                                    |
| as of December 31, 2023                                                                                                                                                                      | 505,958    | 504,221   |                                                                    |
| as of December 31, 2024                                                                                                                                                                      | 610,742    | 608,020   |                                                                    |
| as of March 31, 2025 Unaudited                                                                                                                                                               | 616,775    | 614,314   |                                                                    |

## 14. Goodwill

Goodwill represents the excess of the acquisition cost over the fair value of net identifiable assets transferred from Société Générale Bucharest to the Bank in 1999.

Following the acquisition, the branch become the present Sucursala Mari Clienti Corporativi ("SMCC") – the branch dedicated to large significant clients, most of them taken over from the former Société Générale Bucharest.

As of March 31, 2025, the branch had a number of 4,636 active customers (2024: 4,638), with loans representing approximately 17% from total loans managed by the network (2024: 16%) and with deposits representing about 13% of networks' deposits (2024: 12%). Most of the SMCC Non-Retail clients are large multinational and national customers.

Considering the stable base of clients and the contribution to the Bank's net banking income, the branch which generated the goodwill is considered profitable. The goodwill is tested annually for impairment and there is no need for an impairment adjustment.

## 15. Other financial assets

|                                                                    |                                               | BRD – Groupe Société Générale S.A. |                     |                      |
|--------------------------------------------------------------------|-----------------------------------------------|------------------------------------|---------------------|----------------------|
|                                                                    |                                               |                                    |                     |                      |
|                                                                    |                                               | STATEMENTS                         |                     |                      |
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL | as at and for the period ended March 31, 2025 |                                    |                     |                      |
|                                                                    |                                               | (Amounts in thousands RON)         |                     |                      |
|                                                                    |                                               |                                    |                     |                      |
| 15.<br>Other financial assets                                      |                                               |                                    |                     |                      |
|                                                                    |                                               |                                    |                     |                      |
|                                                                    | Group                                         |                                    | Bank                |                      |
|                                                                    | Unaudited (*)                                 |                                    | Unaudited (*)       |                      |
|                                                                    | March 31,                                     | December 31,                       | March 31,           | December 31,         |
|                                                                    | 2025                                          | 2024                               | 2025                | 2024                 |
| Sundry receivables                                                 | 640,192                                       | 399,162                            | 609,464             | 366,516              |
| ECL allowance                                                      | (107,245)<br>532,947                          | (142,970)<br>256,192               | (91,169)<br>518,295 | (127,017)<br>239,499 |

The sundry receivables balances include various commissions, sundry debtors and are net of impairment allowance.

The movement in impairment allowance for sundry debtors is presented below:

|                                                    | March 31,<br>2025                                                                                     | December 31,<br>2024 | March 31,<br>2025   | December 31,<br>2024 |  |
|----------------------------------------------------|-------------------------------------------------------------------------------------------------------|----------------------|---------------------|----------------------|--|
| Sundry receivables                                 | 640,192<br>(107,245)                                                                                  | 399,162<br>(142,970) | 609,464<br>(91,169) | 366,516<br>(127,017) |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    | The sundry receivables balances include various commissions, sundry debtors and are net of impairment |                      |                     |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
| Group Unaudited (*)                                |                                                                                                       |                      |                     |                      |  |
| Sundry receivables                                 |                                                                                                       |                      | Total (Stage 3)     |                      |  |
|                                                    | Impairment allowance as at January 1, 2025                                                            |                      | 142,970             |                      |  |
| Additional provisions                              |                                                                                                       |                      | 18,588              |                      |  |
| Reversals of provisions<br>Receivables written off |                                                                                                       |                      | (3,069)<br>(51,186) |                      |  |
| Foreign exchange differences                       |                                                                                                       |                      | (58)                |                      |  |
|                                                    | Impairment allowance as at March 31, 2025                                                             |                      | 107,245             |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    |                                                                                                       |                      | Total (Stage 3)     |                      |  |
|                                                    | Impairment allowance as at 1 st January 2024                                                          |                      | 92,192              |                      |  |
| Additional provisions<br>Reversals of provisions   |                                                                                                       |                      | 72,371<br>(15,524)  |                      |  |
| Receivables written off                            |                                                                                                       |                      | (6,031)             |                      |  |
| Foreign exchange differences                       |                                                                                                       |                      | (38)                |                      |  |
|                                                    | Impairment allowance as at December 31, 2024                                                          |                      | 142,970             |                      |  |
| Bank Unaudited (*)                                 |                                                                                                       |                      |                     |                      |  |
| Sundry receivables                                 |                                                                                                       |                      | Total (Stage 3)     |                      |  |
|                                                    | Impairment allowance as at January 1, 2025                                                            |                      | 127,017             |                      |  |
| Additional provisions                              |                                                                                                       |                      | 18,320              |                      |  |
| Reversals of provisions<br>Receivables written off |                                                                                                       |                      | (2,924)<br>(51,186) |                      |  |
| Foreign exchange differences                       |                                                                                                       |                      | (58)                |                      |  |
|                                                    | Impairment allowance as at March 31, 2025                                                             |                      | 91,169              |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    |                                                                                                       |                      | Total (Stage 3)     |                      |  |
|                                                    | Impairment allowance as at 1 st January 2024                                                          |                      | 78,030              |                      |  |
| Additional provisions<br>Reversals of provisions   |                                                                                                       |                      | 67,090<br>(12,275)  |                      |  |
| Receivables written off                            |                                                                                                       |                      | (5,940)             |                      |  |
| Foreign exchange differences                       |                                                                                                       |                      | 112                 |                      |  |
|                                                    | Impairment allowance as at December 31, 2024                                                          |                      | 127,017             |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |
|                                                    |                                                                                                       |                      |                     |                      |  |

#### 16. Other non-financial assets

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                               | BRD – Groupe Société Générale S.A.       |                            |                      |
|--------------------------------------------------------------------|-----------------------------------------------|------------------------------------------|----------------------------|----------------------|
|                                                                    |                                               |                                          |                            |                      |
|                                                                    |                                               |                                          |                            |                      |
|                                                                    |                                               |                                          |                            |                      |
|                                                                    |                                               |                                          |                            |                      |
|                                                                    | as at and for the period ended March 31, 2025 | STATEMENTS<br>(Amounts in thousands RON) |                            |                      |
| 16.<br>Other non-financial assets                                  |                                               |                                          |                            |                      |
|                                                                    | Group                                         |                                          | Bank                       |                      |
|                                                                    | Unaudited (*)<br>March 31,                    | December 31,                             | Unaudited (*)<br>March 31, | December 31,         |
|                                                                    | 2025                                          | 2024                                     | 2025                       | 2024                 |
| Advances to suppliers<br>Prepaid expenses                          | 90,492<br>132,835                             | 91,606<br>92,249                         | -<br>131,885               | -<br>91,427          |
| Repossessed assets                                                 | 10,991                                        | 9,288                                    | 924                        | 924                  |
| Other assets                                                       | 17,450                                        | 7,653                                    | 3,949                      | 3,969                |
| Total non-financial assets                                         | 251,769                                       | 200,796                                  | 136,758                    | 96,320               |
|                                                                    |                                               |                                          |                            |                      |
| 17. Due to banks                                                   |                                               |                                          |                            |                      |
|                                                                    | Group                                         |                                          | Bank                       |                      |
|                                                                    | Unaudited (*)                                 |                                          | Unaudited (*)              |                      |
|                                                                    | March 31,<br>2025                             | December 31,<br>2024                     | March 31,<br>2025          | December 31,<br>2024 |
| Demand deposits                                                    | 783,722                                       | 587,996                                  | 783,722                    | 587,996              |
|                                                                    | 1,057,289                                     | 560,720                                  | 1,057,289                  | 560,720              |
|                                                                    | 6,298                                         | 328,577                                  | 6,298                      | 328,577              |
| Repo<br>Term deposits                                              | 1,847,309                                     | 1,477,293                                | 1,847,309                  | 1,477,293            |

## 17. Due to banks

|                                                                                      | March 31,      | December 31,      | March 31,      | December 31,          |  |
|--------------------------------------------------------------------------------------|----------------|-------------------|----------------|-----------------------|--|
|                                                                                      | 2025           | 2024              | 2025           | 2024                  |  |
| Advances to suppliers                                                                | 90,492         | 91,606            | -              | -                     |  |
| Prepaid expenses                                                                     | 132,835        | 92,249            | 131,885        | 91,427                |  |
| Repossessed assets                                                                   | 10,991         | 9,288             | 924            | 924                   |  |
| Other assets                                                                         | 17,450         | 7,653             | 3,949          | 3,969                 |  |
|                                                                                      |                |                   |                |                       |  |
| 17. Due to banks                                                                     |                |                   |                |                       |  |
|                                                                                      |                |                   |                |                       |  |
|                                                                                      |                |                   |                |                       |  |
|                                                                                      | March 31,      | December 31,      | March 31,      | December 31,          |  |
|                                                                                      | 2025           | 2024              | 2025           | 2024                  |  |
| Demand deposits                                                                      | 783,722        | 587,996           | 783,722        | 587,996               |  |
| Repo                                                                                 | 1,057,289      | 560,720           | 1,057,289      | 560,720               |  |
| Term deposits                                                                        | 6,298          | 328,577           | 6,298          | 328,577               |  |
|                                                                                      |                |                   |                |                       |  |
| 18.<br>Due to customers                                                              |                |                   |                |                       |  |
|                                                                                      | Unaudited (*)  | Group             |                | Bank<br>Unaudited (*) |  |
|                                                                                      | March 31,      | December 31,      | March 31,      | December 31,          |  |
|                                                                                      | 2025           | 2024              | 2025           | 2024                  |  |
| Demand deposits and current accounts                                                 | 40,176,769     | 40,441,761        | 40,208,719     | 40,535,516            |  |
| Term deposits                                                                        | 26,022,209     | 27,493,381        | 26,235,624     | 27,679,971            |  |
| Due to customers                                                                     | 66,198,978     | 67,935,142        | 66,444,343     | 68,215,487            |  |
|                                                                                      |                |                   |                |                       |  |
| The category "Demand deposits and current accounts" includes the following elements: |                |                   |                |                       |  |
|                                                                                      |                |                   |                |                       |  |
|                                                                                      | Unaudited (*)  |                   | Unaudited (*)  |                       |  |
|                                                                                      | March 31, 2025 | December 31, 2024 | March 31, 2025 | December 31, 2024     |  |
| Current accounts                                                                     | 32,006,003     | 32,156,179        | 32,010,326     | 32,162,466            |  |
| Transitory amounts                                                                   | 461,163        | 470,001           | 466,532        | 470,413               |  |
| Other amounts due                                                                    | 560,503        | 502,022           | 560,503        | 502,022               |  |
|                                                                                      |                |                   |                |                       |  |
|                                                                                      |                |                   |                |                       |  |

## 18. Due to customers

|                                      | Group      |              | Bank       |              |  |
|--------------------------------------|------------|--------------|------------|--------------|--|
|                                      |            |              |            |              |  |
|                                      | March 31,  | December 31, | March 31,  | December 31, |  |
|                                      | 2025       | 2024         | 2025       | 2024         |  |
| Demand deposits and current accounts | 40,176,769 | 40,441,761   | 40,208,719 | 40,535,516   |  |
| Term deposits                        | 26,022,209 | 27,493,381   | 26,235,624 | 27,679,971   |  |
| Due to customers                     | 66,198,978 | 67,935,142   | 66,444,343 | 68,215,487   |  |
|                                      |            |              |            |              |  |

|                                                                                                          |                | March 31,              |                   | December 31,         | March 31,            |               | December 31,      |
|----------------------------------------------------------------------------------------------------------|----------------|------------------------|-------------------|----------------------|----------------------|---------------|-------------------|
|                                                                                                          |                | 2025                   |                   | 2024                 | 2025                 |               | 2024              |
| Demand deposits                                                                                          |                | 783,722                |                   | 587,996              |                      | 783,722       | 587,996           |
| Repo                                                                                                     |                | 1,057,289              |                   | 560,720              |                      | 1,057,289     | 560,720           |
| Term deposits                                                                                            |                |                        | 6,298             | 328,577              |                      | 6,298         | 328,577           |
|                                                                                                          |                |                        |                   |                      |                      |               |                   |
|                                                                                                          |                |                        |                   |                      |                      |               |                   |
| 18.<br>Due to customers                                                                                  |                |                        |                   |                      |                      |               |                   |
|                                                                                                          |                | Group                  |                   |                      |                      | Bank          |                   |
|                                                                                                          |                |                        |                   |                      |                      |               |                   |
|                                                                                                          |                | March 31,              |                   | December 31,         |                      | March 31,     | December 31,      |
|                                                                                                          |                | 2025                   |                   | 2024                 |                      | 2025          | 2024              |
| Demand deposits and current accounts                                                                     |                |                        | 40,176,769        |                      | 40,441,761           | 40,208,719    | 40,535,516        |
| Term deposits                                                                                            |                |                        | 26,022,209        |                      | 27,493,381           | 26,235,624    | 27,679,971        |
|                                                                                                          |                |                        | 66,198,978        |                      | 67,935,142           | 66,444,343    | 68,215,487        |
| Due to customers<br>The category "Demand deposits and current accounts" includes the following elements: |                |                        |                   |                      |                      |               |                   |
|                                                                                                          |                | Group<br>Unaudited (*) |                   |                      | Unaudited (*)        | Bank          |                   |
|                                                                                                          | March 31, 2025 |                        | December 31, 2024 |                      | March 31, 2025       |               | December 31, 2024 |
| Current accounts                                                                                         |                | 32,006,003             |                   | 32,156,179           | 32,010,326           |               | 32,162,466        |
| Transitory amounts                                                                                       |                | 461,163                |                   | 470,001              |                      | 466,532       | 470,413           |
| Other amounts due                                                                                        |                | 560,503                |                   | 502,022              |                      | 560,503       | 502,022           |
| Demand deposits                                                                                          |                | 7,149,100              |                   | 7,313,558            |                      | 7,171,358     | 7,400,614         |
| Total                                                                                                    |                | 40,176,769             |                   | 40,441,761           | 40,208,719           |               | 40,535,516        |
| 19.<br>Borrowed funds                                                                                    |                |                        |                   |                      |                      |               |                   |
|                                                                                                          |                |                        |                   | Group                |                      |               | Bank              |
|                                                                                                          |                |                        | Unaudited (*)     |                      |                      | Unaudited (*) |                   |
|                                                                                                          |                |                        | March 31,         |                      | December 31,         | March 31,     | December 31,      |
|                                                                                                          |                |                        | 2025              |                      | 2024                 | 2025          | 2024              |
| Borrowings from related parties<br>Borrowings from international financial institutions                  |                |                        |                   | 6,120,423<br>432,380 | 6,083,648<br>471,267 | 4,251,604     | 4,233,818<br>227  |

## 19. Borrowed funds

|                                                      | March 31, | December 31, | March 31, | December 31, |  |
|------------------------------------------------------|-----------|--------------|-----------|--------------|--|
|                                                      | 2025      | 2024         | 2025      | 2024         |  |
| Borrowings from related parties                      | 6,120,423 | 6,083,648    | 4,251,604 | 4,233,818    |  |
| Borrowings from international financial institutions | 432,380   | 471,267      | 227       | 287          |  |
|                                                      |           |              |           |              |  |
|                                                      |           |              |           |              |  |

## 19. Borrowed funds (continued)

Borrowings from related parties include as at March 31, 2025 at Bank level, four senior non-preferred loans from Société Générale in amount of:

- 450 million EUR, with a fixed interest rate of 4.26% and an initial term of three years (received in December 2023)
- 100 million EUR, with a fixed interest rate of 4.68% and an initial term of seven years (received in December 2023)
- 150 million EUR, with a fixed interest rate of 4.78% and an initial term of eight years (received in December 2023)
- 150 million EUR, with a fixed interest rate of 4.79% and an initial term of six years (received in June 2024).

Other funds borrowed from related parties at Group level are in total amount of 1,868,818 as at March 31, 2025 (1,849,830 as at December 31, 2024) and are senior unsecured and used in the normal course of business.

The movements in borrowed funds are as follows:

| Borrowings from related parties include as at March 31, 2025 at Bank level, four senior non-preferred loans                                                                                                                          |             |             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|-------------|
| 450 million EUR, with a fixed interest rate of 4.26% and an initial term of three years (received in                                                                                                                                 |             |             |
| 100 million EUR, with a fixed interest rate of 4.68% and an initial term of seven years (received in                                                                                                                                 |             |             |
| 150 million EUR, with a fixed interest rate of 4.78% and an initial term of eight years (received in                                                                                                                                 |             |             |
| 150 million EUR, with a fixed interest rate of 4.79% and an initial term of six years (received in                                                                                                                                   |             |             |
|                                                                                                                                                                                                                                      |             |             |
|                                                                                                                                                                                                                                      |             |             |
|                                                                                                                                                                                                                                      | Group       | Bank        |
| Closing balance as at December 31, 2023                                                                                                                                                                                              | 7,004,362   | 4,834,225   |
| Received borrowings                                                                                                                                                                                                                  | 1,850,507   | 747,991     |
| Repayment of borrowings                                                                                                                                                                                                              | (2,295,164) | (1,343,469) |
| Other funds borrowed from related parties at Group level are in total amount of 1,868,818 as at March 31,<br>2025 (1,849,830 as at December 31, 2024) and are senior unsecured and used in the normal course of<br>Interest expensed | 313,898     | 225,530     |
| Interest paid                                                                                                                                                                                                                        | (314,179)   | (227,050)   |
| Fx differences                                                                                                                                                                                                                       | (4,509)     | (3,122)     |
| Closing balance as at December 31, 2024                                                                                                                                                                                              | 6,554,915   | 4,234,105   |
| Received borrowings                                                                                                                                                                                                                  | 199,866     | 1,836       |
| Repayment of borrowings                                                                                                                                                                                                              | (217,543)   | (61)        |
| Interest expensed                                                                                                                                                                                                                    | 67,400      | 47,538      |
| Interest paid                                                                                                                                                                                                                        | (52,726)    | (32,263)    |
| Fx differences                                                                                                                                                                                                                       | 890         | 676         |

## 20. Subordinated debts

Two subordinated debts were received from Société Générale in amount of:

- 100 million EUR with an interest rate of EURIBOR 3M+1.98% and an initial term of ten years (received in December 2021)
- 150 million EUR with an interest rate of EURIBOR 3M+4.31% and an initial term of ten years (received in June 2022).

The movements in subordinated debts are as follows:

## 20. Subordinated debts (continued)

| as at and for the period ended March 31, 2025 | STATEMENTS         |                    |
|-----------------------------------------------|--------------------|--------------------|
| (Amounts in thousands RON)                    |                    |                    |
|                                               |                    |                    |
|                                               | Group              | Bank               |
|                                               | 1,245,400          | 1,245,400          |
| Closing balance as at December 31, 2023       |                    |                    |
|                                               |                    |                    |
| Interest expensed<br>Interest paid            | 89,809<br>(89,626) | 89,809<br>(89,626) |
| Fx differences                                | (125)              | (125)              |
| Closing balance as at December 31, 2024       | 1,245,458          | 1,245,458          |
|                                               |                    |                    |
| Interest expensed                             | 19,199             | 19,199             |
| Interest paid<br>Fx differences               | (19,354)<br>751    | (19,354)<br>751    |

## 21. Provisions

The line Provisions includes provisions for financial guarantee and loan commitments and other provisions.

#### 21.1 Financial guarantees and loan commitments provisions movement

| Group                                                               |            | Retail lending |         |          |  |
|---------------------------------------------------------------------|------------|----------------|---------|----------|--|
| Unaudited (*)                                                       | Stage 1    | Stage 2        | Stage 3 | Total    |  |
| Provision as at 1 st January 2025                                   | 4,987      | 3,425          | 5,151   | 13,563   |  |
| New commitments originated or purchased                             | 2,016      | 959            | 384     | 3,359    |  |
| Commitments derecognised or transferred into assets                 | (356)      | (154)          | (35)    | (545)    |  |
| Net provision movement not resulting from changes in classification | (1,452)    | (819)          | 81      | (2,190)  |  |
| Net movements due to change in classification                       | (50)       | (630)          | 884     | 204      |  |
| Provision as at March 31, 2025                                      | 5,145      | 2,781          | 6,465   | 14,391   |  |
|                                                                     | Non-Retail |                |         |          |  |
|                                                                     | Stage 1    | Stage 2        | Stage 3 | Total    |  |
| Provision as at 1 st January 2025                                   | 146,575    | 21,828         | 102,752 | 271,155  |  |
| New commitments originated or purchased                             | 34,019     | 3,475          | -       | 37,494   |  |
| Commitments derecognised or transferred into assets                 | (16,610)   | (2,095)        | (931)   | (19,636) |  |
| Net provision movement not resulting from changes in classification | (29,201)   | (3,648)        | (5,203) | (38,052) |  |
| Net movements due to change in classification                       | 1,845      | (1,009)        | (432)   | 404      |  |
| Other adjustments                                                   | (55)       | (9)            | (43)    | (107)    |  |
| Provision as at March 31, 2025                                      | 136,573    | 18,542         | 96,143  | 251,258  |  |
|                                                                     |            | Total          |         |          |  |
|                                                                     | Stage 1    | Stage 2        | Stage 3 | Total    |  |
|                                                                     |            |                |         |          |  |
| Provision as at 1 st January 2025                                   | 151,562    | 25,253         | 107,904 | 284,718  |  |
| New commitments originated or purchased                             | 36,035     | 4,434          | 384     | 40,853   |  |
| Commitments derecognised or transferred into assets                 | (16,966)   | (2,249)        | (966)   | (20,181) |  |
| Net provision movement not resulting from changes in classification | (30,653)   | (4,467)        | (5,122) | (40,242) |  |
| Net movements due to change in classification                       | 1,795      | (1,639)        | 452     | 608      |  |
| Other adjustments                                                   | (55)       | (9)            | (43)    | (107)    |  |
| Provision as at March 31, 2025                                      | 141,718    | 21,323         | 102,609 | 265,649  |  |

## 21. Provisions (continued)

## 21.1 Financial guarantees and loan commitments provisions movement (continued)

| Bank                                                                                           |                    | Retail lending   |            |                    |
|------------------------------------------------------------------------------------------------|--------------------|------------------|------------|--------------------|
| Unaudited (*)                                                                                  | Stage 1            | Stage 2          | Stage 3    | Total              |
| Provision as at 1 st January 2025                                                              | 4,931              | 3,349            | 5,124      | 13,404             |
| New commitments originated or purchased                                                        | 1,939              | 926              | 384        | 3,249              |
| Commitments derecognised or transferred into assets                                            | (306)              | (92)             | (35)       | (433)              |
| Net provision movement not resulting from changes in classification                            | (1,452)            | (823)            | 81         | (2,194)            |
| Net movements due to change in classification                                                  | (48)               | (630)            | 883        | 205                |
| Provision as at March 31, 2025                                                                 | 5,064              | 2,730            | 6,437      | 14,231             |
|                                                                                                |                    | Non-Retail       |            |                    |
|                                                                                                | Stage 1            | Stage 2          | Stage 3    | Total              |
|                                                                                                |                    |                  |            |                    |
| Provision as at 1 st January 2025                                                              | 146,453            | 21,686           | 102,195    | 270,334            |
| New commitments originated or purchased<br>Commitments derecognised or transferred into assets | 33,915<br>(16,532) | 3,253<br>(1,954) | -<br>(931) | 37,168<br>(19,417) |
| Net provision movement not resulting from changes in classification                            | (29,161)           | (3,655)          | (5,203)    | (38,019)           |
| Net movements due to change in classification                                                  | 1,808              | (1,006)          | (432)      | 370                |
| Other adjustments                                                                              | (57)               | (7)              | (43)       | (107)              |
| Provision as at March 31, 2025                                                                 | 136,426            | 18,317           | 95,586     | 250,329            |
|                                                                                                |                    | Total            |            |                    |
|                                                                                                | Stage 1            | Stage 2          | Stage 3    | Total              |
| Provision as at 1 st January 2025                                                              | 151,386            | 25,035           | 107,319    | 283,740            |
| New commitments originated or purchased                                                        | 35,854             | 4,179            | 384        | 40,417             |
| Commitments derecognised or transferred into assets                                            | (16,838)           | (2,046)          | (966)      | (19,850)           |
| Net provision movement not resulting from changes in classification                            | (30,613)           | (4,478)          | (5,122)    | (40,213)           |
| Net movements due to change in classification                                                  | 1,760              | (1,636)          | 451        | 575                |
| Other adjustments                                                                              | (58)               | (7)              | (43)       | (108)              |
| Provision as at March 31, 2025                                                                 | 141,491            | 21,047           | 102,023    | 264,561            |

## 21. Provisions (continued)

## 21.1 Financial guarantees and loan commitments provisions movement (continued)

| Group                                                                                                                      |                  | Retail lending |                  |                     |
|----------------------------------------------------------------------------------------------------------------------------|------------------|----------------|------------------|---------------------|
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
| Provision as at 1 st January 2024                                                                                          | 5,580            | 3,145          | 4,055            | 12,780              |
| New commitments originated or purchased                                                                                    | 10,186           | 2,309          | 710              | 13,205              |
| Commitments derecognised or transferred into assets<br>Net provision movement not resulting from changes in classification | (919)<br>(9,109) | (899)<br>(718) | (1,037)<br>(554) | (2,855)<br>(10,381) |
| Net movements due to change in classification                                                                              | (750)            | (412)          | 1,977            | 815                 |
| Provision as at December 31, 2024                                                                                          | 4,988            | 3,425          | 5,151            | 13,564              |
|                                                                                                                            |                  | Non-Retail     |                  |                     |
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
| Provision as at 1 st January 2024                                                                                          | 148,815          | 19,353         | 119,277          | 287,445             |
| New commitments originated or purchased                                                                                    | 143,943          | 20,782         | 1,990            | 166,715             |
| Commitments derecognised or transferred into assets                                                                        | (49,337)         |                | (8,943) (35,911) | (94,191)            |
| Net provision movement not resulting from changes in classification                                                        | (101,356)        |                | (4,031) (11,131) | (116,518)           |
| Net movements due to change in classification                                                                              | 4,390            |                | (5,335) 20,176   | 19,231              |
| Other adjustments                                                                                                          | 120              | 2              | 8,351            | 8,473               |
| Provision as at December 31, 2024                                                                                          | 146,575          | 21,828         | 102,752          | 271,155             |
|                                                                                                                            |                  | Total          |                  |                     |
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
| Provision as at 1 st January 2024                                                                                          | 154,394          | 22,498         | 123,333          | 300,225             |
| New commitments originated or purchased                                                                                    | 154,129          | 23,091         | 2,700            | 179,920             |
| Commitments derecognised or transferred into assets                                                                        | (50,256)         |                | (9,842) (36,948) | (97,046)            |
| Net provision movement not resulting from changes in classification                                                        | (110,465)        |                | (4,749) (11,685) | (126,899)           |
| Net movements due to change in classification                                                                              | 3,640            |                | (5,747) 22,153   | 20,046              |
| Other adjustments                                                                                                          | 120              | 2              | 8,351            | 8,473               |
| Provision as at December 31, 2024                                                                                          | 151,562          | 25,253         | 107,904          | 284,719             |

## 21. Provisions (continued)

## 21.1 Financial guarantees and loan commitments provisions movement (continued)

| Bank                                                                                                                       |                  | Retail lending |                  |                     |
|----------------------------------------------------------------------------------------------------------------------------|------------------|----------------|------------------|---------------------|
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
|                                                                                                                            |                  |                |                  |                     |
| Provision as at 1 st January 2024                                                                                          | 5,527            | 3,074          | 4,029            | 12,630              |
| New commitments originated or purchased                                                                                    | 10,132           | 2,232          | 710              | 13,074              |
| Commitments derecognised or transferred into assets<br>Net provision movement not resulting from changes in classification | (867)<br>(9,109) | (827)<br>(718) | (1,037)<br>(554) | (2,731)<br>(10,381) |
| Net movements due to change in classification                                                                              | (751)            | (412)          | 1,976            | 813                 |
| Provision as at December 31, 2024                                                                                          | 4,932            | 3,349          | 5,124            | 13,405              |
|                                                                                                                            |                  | Non-Retail     |                  |                     |
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
| Provision as at 1 st January 2024                                                                                          | 148,648          | 19,196         | 127,535          | 295,379             |
| New commitments originated or purchased                                                                                    | 143,824          | 20,637         | 1,408            | 165,869             |
| Commitments derecognised or transferred into assets                                                                        | (49,171)         |                | (8,785) (35,911) | (93,867)            |
| Net provision movement not resulting from changes in classification                                                        | (101,356)        |                | (4,031) (11,105) | (116,492)           |
| Net movements due to change in classification                                                                              | 4,390            |                | (5,335) 20,176   | 19,231              |
| Other adjustments                                                                                                          | 118              | 4              | 92               | 214                 |
| Provision as at December 31, 2024                                                                                          | 146,453          | 21,686         | 102,195          | 270,334             |
|                                                                                                                            |                  | Total          |                  |                     |
|                                                                                                                            | Stage 1          | Stage 2        | Stage 3          | Total               |
| Provision as at 1 st January 2024                                                                                          | 154,176          | 22,270         | 131,564          | 308,010             |
| New commitments originated or purchased                                                                                    | 153,956          | 22,869         | 2,118            | 178,943             |
| Commitments derecognised or transferred into assets                                                                        | (50,038)         |                | (9,612) (36,948) | (96,598)            |
| Net provision movement not resulting from changes in classification                                                        | (110,465)        |                | (4,749) (11,659) | (126,873)           |
| Net movements due to change in classification                                                                              | 3,639            |                | (5,747) 22,152   | 20,044              |
| Other adjustments                                                                                                          | 118              | 4              | 92               | 214                 |
| Provision as at December 31, 2024                                                                                          | 151,386          | 25,035         | 107,319          | 283,740             |

## 21. Provisions (continued)

## 21.2 Other provisions

The Bank includes in the line Provisions: provisions for litigation in amount of 23,904 as of March 31, 2025 (24,676 as of December 31, 2024), provisions for risks related to banking activity in amount of 1,539 as of March 31, 2025 (1,411 as of December 31, 2024) and other provisions for risks and charges in amount of 20,451 as of March 31, 2025 (17,373 as of December 31, 2024).

The Group includes in the line Provisions: provisions for litigation in amount of 29,782 as of March 31, 2025 (30,610 as of December 31, 2024), provisions for risks related to banking activity in amount of 1,539 as of March 31, 2025 (1,411 as of December 31, 2023) and other provisions for risks and charges in amount of 20,452 as of March 31, 2025 (17,894 as of December 31, 2024).

The Bank has applied the individual assesment (case by case) for the abusive clause litigations to determine the provision amount.

The amount of the provision is reviewed periodically by the Bank based on the new court resolutions for litigations with clients for contracts which contain allegedly abusive clauses.

As at March 31, 2025, the Bank has recorded provisions for abusive clause litigations which are subject to an individual litigation assesment in total amount of 8,666 (December 31, 2024: 9,531).

The movements in provisions are as follows:

| The Group includes in the line Provisions: provisions for litigation in amount of 29,782 as of March 31,<br>2025 (30,610 as of December 31, 2024), provisions for risks related to banking activity in amount of 1,539<br>as of March 31, 2025 (1,411 as of December 31, 2023) and other provisions for risks and charges in amount<br>The Bank has applied the individual assesment (case by case) for the abusive clause litigations to determine<br>The amount of the provision is reviewed periodically by the Bank based on the new court resolutions for<br>As at March 31, 2025, the Bank has recorded provisions for abusive clause litigations which are subject to<br>Group<br>TOTAL<br>Carrying value as of December 31, 2023<br>47,840<br>Additional provisions<br>27,462<br>Reversals of provisions<br>(18,173)<br>Usage<br>(7,214)<br>Carrying value as of December 31, 2024<br>49,915<br>Additional provisions<br>7,712<br>Reversals of provisions<br>(1,585)<br>Usage<br>(4,269)<br>Carrying value as of March 31, 2025 Unaudited<br>51,773<br>Bank<br>Carrying value as of December 31, 2023<br>25,801 | The Bank includes in the line Provisions: provisions for litigation in amount of 23,904 as of March 31,<br>2025 (24,676 as of December 31, 2024), provisions for risks related to banking activity in amount of 1,539<br>as of March 31, 2025 (1,411 as of December 31, 2024) and other provisions for risks and charges in amount |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                    |  |
| Additional provisions<br>26,276<br>Reversals of provisions<br>(1,403)<br>Usage<br>(7,214)<br>Carrying value as of December 31, 2024<br>43,460<br>Additional provisions<br>7,712<br>Reversals of provisions<br>(1,008)<br>Usage<br>(4,269)<br>Carrying value as of March 31, 2025 Unaudited<br>45,895                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                    |  |

The usage of Other provisions is mainly related to litigation and salary compensation.

## 22. Other financial liabilities

|                                                                    | BRD – Groupe Société Générale S.A.            |                    |                    |                    |
|--------------------------------------------------------------------|-----------------------------------------------|--------------------|--------------------|--------------------|
| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                               |                    |                    |                    |
|                                                                    | STATEMENTS                                    |                    |                    |                    |
|                                                                    |                                               |                    |                    |                    |
|                                                                    | as at and for the period ended March 31, 2025 |                    |                    |                    |
|                                                                    | (Amounts in thousands RON)                    |                    |                    |                    |
|                                                                    |                                               |                    |                    |                    |
| 22.<br>Other financial liabilities                                 |                                               |                    |                    |                    |
|                                                                    |                                               |                    |                    |                    |
|                                                                    | Group                                         |                    | Bank               |                    |
|                                                                    | Unaudited (*)                                 |                    | Unaudited (*)      |                    |
|                                                                    | March 31,                                     | December 31,       | March 31,          | December 31,       |
|                                                                    | 2025                                          | 2024               | 2025               | 2024               |
| Sundry creditors<br>Creditors - Lease liabilities                  | 312,608<br>316,768                            | 297,765<br>329,305 | 272,944<br>312,825 | 260,761<br>324,196 |

## 23. Other non-financial liabilities

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL                                                                              | BRD – Groupe Société Générale S.A.<br>STATEMENTS                            |                      |                            |                      |
|-------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|----------------------|----------------------------|----------------------|
|                                                                                                                                                 | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                      |                            |                      |
| 22.<br>Other financial liabilities                                                                                                              |                                                                             |                      |                            |                      |
|                                                                                                                                                 |                                                                             |                      |                            |                      |
|                                                                                                                                                 | March 31,<br>2025                                                           | December 31,<br>2024 | March 31,<br>2025          | December 31,<br>2024 |
| Sundry creditors                                                                                                                                | 312,608                                                                     | 297,765              | 272,944                    | 260,761              |
| Creditors - Lease liabilities                                                                                                                   | 316,768                                                                     | 329,305              | 312,825                    | 324,196              |
|                                                                                                                                                 |                                                                             |                      |                            |                      |
| Sundry creditors are expected to be settled in no more than twelve months after the reporting period.<br>23.<br>Other non-financial liabilities |                                                                             |                      |                            |                      |
|                                                                                                                                                 |                                                                             |                      |                            |                      |
|                                                                                                                                                 | Group                                                                       |                      | Bank                       |                      |
|                                                                                                                                                 | Unaudited (*)<br>March 31,                                                  | December 31,         | Unaudited (*)<br>March 31, | December 31,         |
|                                                                                                                                                 | 2025                                                                        | 2024                 | 2025                       | 2024                 |
| Other payables to State budget                                                                                                                  | 158,482                                                                     | 110,249              | 155,712                    | 109,591              |
| Deferred income                                                                                                                                 | 61,619                                                                      | 52,269               | 61,619                     | 52,269               |
| Payables to employees<br>Total non-financial liabilities                                                                                        | 99,313<br>319,414                                                           | 163,981<br>326,499   | 91,766<br>309,097          | 150,882<br>312,742   |

According to Law 296/2023, the Romanian Fiscal Code was amended to introduce, starting January 1st, 2024, a supplementary tax for credit institutions, i.e. the tax on turnover which is computed as follows: for 2024 and 2025 the tax is 2% from the turnover, while starting 2026 the rate is 1%. The tax is additional to the corporate income tax, it is computed and payable on a quarterly basis and is a non-deductible expense. The line "Other payables to State budget" includes the tax on turnover to be paid as of March 31, 2025 in amount of 32,382.

Payables to employees include, among other, gross bonuses, amounting 54,535 as of March 31, 2025 (December 31, 2024: 113,739) and post-employment benefits amounting 27,100 as of March 31, 2025 (December 31, 2024: 26,355).

## Post-employment benefit plan

The Group/Bank has a defined benefit plan under which the amount of benefit that an employee is entitled to receive on retirement depends on years of service and salary. The plan covers substantially all the employees and the benefits are unfunded. A full actuarial valuation by a qualified independent actuary is carried out annually.

During 2025, the movements in defined benefit obligation is generated by the service cost and benefits paid, resulting in a change of obligation carrying value 27,100 as of March 31, 2025, from 26,355 as of December 31, 2024.

## 24. Share capital

The nominal share capital, as registered with the Registry of Commerce is 696,901 (2024: 696,901). Included in the share capital there is an amount of 1,818,721 (2024: 1,818,721) representing hyperinflation restatement surplus. Share capital as of March 31, 2025 represents 696,901,518 (2024: 696,901,518) authorized common shares, issued and fully paid. The nominal value of each share is 1 RON (2024: 1 RON). During 2025 and 2024, the Bank did not buy back any of its own shares.

## 24. Share capital (continued)

The shares of the Bank are not divisible. The right of property over the shares is transmitted pursuant to the provisions regarding the transfer of securities of the companies admitted to trading on a regulated market. Any share entitles to one vote in the General Meeting of the Shareholders. The Bank may acquire its own shares only with the consent of the Extraordinary General Meeting of the Shareholders, in compliance with the law.

## 25. Taxation

| Any share entitles to one vote in the General Meeting of the Shareholders.<br>shares only with the consent of the Extraordinary General Meeting of the Shareholders, in compliance with                                                                                                                                                                                                                                                      |                                              |                                                                        |                                                        | The Bank may acquire its own           |  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|------------------------------------------------------------------------|--------------------------------------------------------|----------------------------------------|--|
| the law.                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                              |                                                                        |                                                        |                                        |  |
| 25.<br>Taxation                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
| Current income tax is calculated based on the taxable income as per the tax statement derived from the<br>stand-alone accounts of each consolidated entity. As of March 31, 2025 the Group has a current tax liability<br>in total amount of 37,609 (December 31, 2024: 3,221) and a current tax asset in amount of 0 (December<br>31, 2024: 25,119) and at Bank level a current tax liability in total amount of 35,212 (December 31, 2024: |                                              |                                                                        |                                                        |                                        |  |
| 0) and current tax asset in amount of 0 (December 31, 2024: 24,251).                                                                                                                                                                                                                                                                                                                                                                         |                                              |                                                                        |                                                        |                                        |  |
| The deferred tax asset is reconciled as follows:                                                                                                                                                                                                                                                                                                                                                                                             |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              | March 31, 2025 Unaudited (*)                                           | Group                                                  |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              | Temporary differences<br>Asset / (Liability) | Consolidated<br>Statement of Financial<br>Position Asset / (Liability) | Consolidated Income<br>Statement (Expense) /<br>Income | Consolidated OCI<br>(Expense) / Income |  |
| Elements generating deferred tax<br>Defined benefit obligation                                                                                                                                                                                                                                                                                                                                                                               | 67,598                                       | (10,815)                                                               | -                                                      | -                                      |  |
| Financial assets at fair value through other comprehensive income                                                                                                                                                                                                                                                                                                                                                                            | (1,479,564)                                  | 236,730                                                                | -                                                      | (7,680)                                |  |
| Tangible and intangible assets                                                                                                                                                                                                                                                                                                                                                                                                               | 118,935                                      | (19,030)                                                               | (7,000)                                                | -                                      |  |
| Provisions and other liabilities                                                                                                                                                                                                                                                                                                                                                                                                             | (483,821)                                    | 77,410                                                                 | (8,950)                                                | -                                      |  |
| Taxable items                                                                                                                                                                                                                                                                                                                                                                                                                                | (1,776,852)                                  |                                                                        |                                                        |                                        |  |
| Deferred tax                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                              | 284,295                                                                | (15,950)                                               | (7,680)                                |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                              |                                                                        |                                                        |                                        |  |

|                                                                   | Temporary differences<br>Asset / (Liability) | Consolidated<br>Statement of Financial<br>Position Asset / (Liability) | Consolidated Income<br>Statement (Expense) /<br>Income | Consolidated OCI<br>(Expense) / Income |
|-------------------------------------------------------------------|----------------------------------------------|------------------------------------------------------------------------|--------------------------------------------------------|----------------------------------------|
| Elements generating deferred tax                                  |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              |                                                                        |                                                        |                                        |
|                                                                   |                                              | March 31, 2025 Unaudited (*)                                           | Bank                                                   |                                        |
|                                                                   | Temporary differences<br>Asset / (Liability) | Individual Statement of<br>Financial Position<br>Asset / (Liability)   | Individual Income<br>Statement (Expense) / Income      | Consolidated OCI<br>(Expense) / Income |
| Elements generating deferred tax                                  |                                              |                                                                        |                                                        |                                        |
| Defined benefit obligation                                        | 67,598                                       | (10,816)                                                               | -                                                      | -                                      |
| Financial assets at fair value through other comprehensive income | (1,479,564)                                  | 236,729                                                                | -                                                      | (7,680)                                |
| Tangible and intangible assets                                    | 118,935                                      | (19,030)                                                               | (7,000)                                                | -                                      |
| Provisions and other liabilities                                  | (475,055)                                    | 76,011                                                                 | (8,431)                                                | -                                      |
| Taxable items                                                     | (1,768,086)                                  |                                                                        |                                                        |                                        |

## 25. Taxation (continued)

|                                                                                                                                                                                                           |                                                                             | STATEMENTS                                                             |                                                     |                                        |  |  |  |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------------------|----------------------------------------|--|--|--|--|
|                                                                                                                                                                                                           | as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                                                                        |                                                     |                                        |  |  |  |  |
| 25.<br>Taxation (continued)                                                                                                                                                                               |                                                                             |                                                                        |                                                     |                                        |  |  |  |  |
|                                                                                                                                                                                                           |                                                                             |                                                                        | December 31, 2024 Group                             |                                        |  |  |  |  |
|                                                                                                                                                                                                           | Temporary differences<br>Asset / (Liability)                                | Consolidated<br>Statement of Financial<br>Position Asset / (Liability) | Consolidated Income<br>Statement (Expense) / Income | Consolidated OCI<br>(Expense) / Income |  |  |  |  |
| Elements generating deferred tax<br>Defined benefit obligation<br>Financial assets at fair value through other comprehensive income<br>Tangible and intangible assets<br>Provisions and other liabilities | 67,598<br>(1,527,564)<br>75,185<br>(539,752)                                | (10,815)<br>244,410<br>(12,030)<br>86,360                              | -<br>-<br>(11,023)<br>(8,492)                       | (457)<br>18,808<br>-<br>-              |  |  |  |  |
| Taxable items                                                                                                                                                                                             | (1,924,533)                                                                 |                                                                        |                                                     |                                        |  |  |  |  |
| Deferred tax                                                                                                                                                                                              |                                                                             | 307,925                                                                | (19,515)                                            | 18,351                                 |  |  |  |  |
|                                                                                                                                                                                                           |                                                                             | December 31, 2024                                                      | Bank                                                |                                        |  |  |  |  |
|                                                                                                                                                                                                           | Temporary differences<br>Asset / (Liability)                                | Individual Statement<br>of Financial Position<br>Asset / (Liability)   | Individual Income<br>Statement (Expense) / Income   | Consolidated OCI<br>(Expense) / Income |  |  |  |  |
| Elements generating deferred tax<br>Defined benefit obligation<br>Financial assets at fair value through other comprehensive income<br>Tangible and intangible assets<br>Provisions and other liabilities | 67,598<br>(1,527,564)<br>75,185<br>(527,752)                                | (10,816)<br>244,409<br>(12,030)<br>84,442                              | -<br>-<br>(11,008)<br>(4,490)                       | (457)<br>18,808<br>-<br>-              |  |  |  |  |
| Taxable items                                                                                                                                                                                             | (1,912,533)                                                                 |                                                                        |                                                     |                                        |  |  |  |  |
| Deferred tax                                                                                                                                                                                              |                                                                             | 306,005                                                                | (15,498)                                            | 18,351                                 |  |  |  |  |

|                                                                        |                                              |                   | December 31, 2024                                                    | Bank                                              |                                               |                                        |                   |
|------------------------------------------------------------------------|----------------------------------------------|-------------------|----------------------------------------------------------------------|---------------------------------------------------|-----------------------------------------------|----------------------------------------|-------------------|
|                                                                        | Temporary differences<br>Asset / (Liability) |                   | Individual Statement<br>of Financial Position<br>Asset / (Liability) | Individual Income<br>Statement (Expense) / Income |                                               | Consolidated OCI<br>(Expense) / Income |                   |
| Elements generating deferred tax                                       |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
| Movement in deferred tax is as follows:                                |                                              |                   | Deferred tax recognized                                              | Group                                             | Deferred tax                                  |                                        |                   |
|                                                                        |                                              |                   | in other comprehensive                                               |                                                   | recognized in profit                          |                                        |                   |
| Tax effect of deductible/(taxable) temporary differences arising from: | December 31, 2023                            |                   | income                                                               |                                                   | and loss                                      | December 31, 2024                      |                   |
| Defined benefit obligation                                             |                                              | (10,359)          |                                                                      | (457)                                             | -                                             |                                        | (10,816)          |
| Financial assets at fair value through other comprehensive income      |                                              | 225,604           |                                                                      | 18,808                                            | -                                             |                                        | 244,412           |
| Tangible and intangible assets                                         |                                              | (1,007)           |                                                                      |                                                   | (11,023)                                      |                                        | (12,030)          |
| Provisions and other liabilities<br>Deferred tax asset                 |                                              | 94,851<br>309,089 |                                                                      | 18,351                                            | (8,492)<br>(19,515)                           |                                        | 86,359<br>307,925 |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   |                                                                      |                                                   |                                               |                                        |                   |
|                                                                        |                                              |                   | Deferred tax recognized<br>in other comprehensive                    |                                                   | Deferred tax<br>recognized in profit and loss |                                        |                   |
|                                                                        | December 31, 2024                            |                   | income                                                               |                                                   |                                               | March 31, 2025                         |                   |

#### Movement in deferred tax is as follows:

|                                                                        | December 31, 2023 | Deferred tax<br>recognized in other<br>comprehensive income | Deferred tax recognized in    |                |
|------------------------------------------------------------------------|-------------------|-------------------------------------------------------------|-------------------------------|----------------|
| Deferred tax asset                                                     | 307,925           | (7,680)                                                     | (15,951)                      | 284,295        |
| Provisions and other liabilities                                       | 86,359            |                                                             | (8,950)                       | 77,409         |
| Tangible and intangible assets                                         | (12,030)          |                                                             | (7,001)                       | (19,030)       |
| Financial assets at fair value through other comprehensive income      | 244,412           | (7,680)                                                     | -                             | 236,732        |
| Defined benefit obligation                                             | (10,816)          | 0                                                           | -                             | (10,815)       |
| Tax effect of deductible/(taxable) temporary differences arising from: |                   |                                                             |                               |                |
|                                                                        | December 31, 2024 | income                                                      | recognized in profit and loss | March 31, 2025 |
|                                                                        |                   | Deferred tax recognized<br>in other comprehensive           | Deferred tax                  |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   | Group                                                       |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
| Tangible and intangible assets                                         | (1,007)           |                                                             | (11,023)                      | (12,030)       |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
| Tax effect of deductible/(taxable) temporary differences arising from: |                   |                                                             |                               |                |
|                                                                        | December 31, 2023 | in other comprehensive<br>income                            | recognized in profit          |                |
|                                                                        |                   | Deferred tax recognized                                     | Deferred tax                  |                |
| Movement in deferred tax is as follows:                                |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
|                                                                        |                   |                                                             |                               |                |
| Elements generating deferred tax                                       |                   |                                                             |                               |                |

|                                                                        |                   | Deferred tax recognized<br>in other comprehensive | Deferred tax                  |                |
|------------------------------------------------------------------------|-------------------|---------------------------------------------------|-------------------------------|----------------|
|                                                                        | December 31, 2024 | income                                            | recognized in profit and loss | March 31, 2025 |
| Tax effect of deductible/(taxable) temporary differences arising from: |                   |                                                   |                               |                |
|                                                                        |                   |                                                   |                               |                |
|                                                                        |                   |                                                   |                               |                |
| Tangible and intangible assets                                         | (12,030)          |                                                   | (7,001)                       | (19,030)       |
|                                                                        |                   |                                                   |                               |                |
|                                                                        |                   |                                                   |                               |                |

| Movement in deferred tax is as follows:                                                     |                   |                                                   |                                               |                   |
|---------------------------------------------------------------------------------------------|-------------------|---------------------------------------------------|-----------------------------------------------|-------------------|
|                                                                                             |                   | Deferred tax recognized<br>in other comprehensive | Deferred tax<br>recognized in profit          |                   |
|                                                                                             | December 31, 2023 | income                                            |                                               |                   |
| Tax effect of deductible/(taxable) temporary differences arising from:                      |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
| Tangible and intangible assets                                                              | (1,007)           |                                                   | (11,023)                                      | (12,030)          |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   | Deferred tax recognized<br>in other comprehensive | Deferred tax<br>recognized in profit and loss |                   |
|                                                                                             | December 31, 2024 | income                                            |                                               | March 31, 2025    |
| Tax effect of deductible/(taxable) temporary differences arising from:                      |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
| Tangible and intangible assets                                                              | (12,030)          |                                                   | (7,001)                                       | (19,030)          |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   | Bank                                              |                                               |                   |
|                                                                                             |                   | Deferred tax<br>recognized in other               | Deferred tax recognized in                    |                   |
|                                                                                             | December 31, 2023 | comprehensive income                              | profit and loss                               | December 31, 2024 |
| Tax effect of deductible/(taxable) temporary differences arising from:                      |                   |                                                   |                                               |                   |
| Defined benefit obligation                                                                  | (10,359)          | (457)                                             | -                                             | (10,816)          |
| Financial assets at fair value through other comprehensive income                           | 225,603           | 18,808                                            | -                                             | 244,411           |
| Tangible and intangible assets                                                              | (1,021)           |                                                   | (11,008)                                      | (12,029)          |
| Provisions and other liabilities                                                            | 88,929            |                                                   | (4,490)                                       | 84,439            |
| Deferred tax asset                                                                          | 303,152           | 18,351                                            | (15,498)                                      | 306,005           |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
| The accompanying notes are an integral part of this condensed interim financial statements. |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               | 59                |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |
|                                                                                             |                   |                                                   |                                               |                   |

## 25. Taxation (continued)

|                                                                        | (Amounts in thousands RON) | STATEMENTS<br>as at and for the period ended March 31, 2025 |                                                             |                                               | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                   |
|------------------------------------------------------------------------|----------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-----------------------------------------------|--------------------------------------------------------------------|-------------------|
| 25.<br>Taxation (continued)                                            |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             | Bank                                                        |                                               |                                                                    |                   |
|                                                                        | December 31, 2024          |                                                             | Deferred tax<br>recognized in other<br>comprehensive income | Deferred tax recognized in<br>profit and loss | March 31, 2025                                                     |                   |
| Tax effect of deductible/(taxable) temporary differences arising from: |                            |                                                             |                                                             |                                               |                                                                    |                   |
| Defined benefit obligation                                             |                            | (10,816)                                                    | -                                                           | -                                             |                                                                    | (10,816)          |
| Financial assets at fair value through other comprehensive income      |                            | 244,411                                                     | (7,680)                                                     | -                                             |                                                                    | 236,731           |
| Tangible and intangible assets                                         |                            | (12,029)                                                    |                                                             |                                               | (7,000)                                                            | (19,029)          |
| Provisions and other liabilities<br>Deferred tax asset                 |                            | 84,439<br>306,005                                           | (7,680)                                                     |                                               | (8,431)<br>(15,431)                                                | 76,008<br>282,894 |
| Reconciliation of total tax charge                                     | Group                      |                                                             |                                                             | Bank                                          |                                                                    |                   |
|                                                                        | Unaudited (*)              | Unaudited (*)                                               | Unaudited (*)                                               |                                               | Unaudited (*)                                                      |                   |
|                                                                        | Three months ended         | Three months ended                                          | Three months ended                                          |                                               | Three months ended                                                 |                   |
|                                                                        | March 31, 2025             | March 31, 2024                                              | March 31, 2025                                              |                                               | March 31, 2024                                                     |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |
|                                                                        |                            |                                                             |                                                             |                                               |                                                                    |                   |

## Reconciliation of total tax charge

|                                                                        | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) | BRD – Groupe Société Générale S.A. |                                     |                            |                    |
|------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------|-------------------------------------|----------------------------|--------------------|
| 25.<br>Taxation (continued)                                            |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        | December 31, 2024                                                                                                                                               | comprehensive income               | Deferred tax<br>recognized in other | Deferred tax recognized in |                    |
| Tax effect of deductible/(taxable) temporary differences arising from: |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        |                                                                                                                                                                 |                                    |                                     |                            |                    |
| Tangible and intangible assets                                         |                                                                                                                                                                 | (12,029)                           |                                     | (7,000)                    | (19,029)           |
|                                                                        |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        |                                                                                                                                                                 |                                    |                                     |                            |                    |
| Reconciliation of total tax charge                                     |                                                                                                                                                                 |                                    |                                     |                            |                    |
|                                                                        | Group                                                                                                                                                           |                                    |                                     | Bank                       |                    |
|                                                                        | Unaudited (*)                                                                                                                                                   | Unaudited (*)                      | Unaudited (*)                       |                            | Unaudited (*)      |
|                                                                        | Three months ended                                                                                                                                              | Three months ended                 | Three months ended                  |                            | Three months ended |
|                                                                        | March 31, 2025                                                                                                                                                  | March 31, 2024                     | March 31, 2025                      |                            | March 31, 2024     |
| Profit before income tax                                               | 427,471                                                                                                                                                         | 400,931                            |                                     | 409,248                    | 394,210            |
| Income tax (16%)                                                       | 68,395                                                                                                                                                          | 64,149                             |                                     | 65,480                     | 63,074             |
| Fiscal credit and other adjustments<br>Non-deductible elements         | 357<br>13,268                                                                                                                                                   | 1,458<br>10,618                    |                                     | (213)<br>11,134            | (421)<br>9,809     |
| Non-taxable elements                                                   | (4,332)                                                                                                                                                         | (1,639)                            |                                     | (1,507)                    | (339)              |
| Expense from income tax at effective tax rate                          | 77,688                                                                                                                                                          | 74,586                             |                                     | 74,894                     | 72,122             |

At the Bank level, as at March 31, 2025, permanent non-deductible elements include mainly the impact of provisions for overdue commissions 2,931 (March 31, 2024: 2,537), debt sales and other operations with limited deductibility in amount of 574 (March 31, 2024: 364) and tax on turnover with an impact of 5,181 (March 31, 2024: 4,860); permanent non-taxable elements are mainly a result of releases for provisions for overdue commissions in amount of 377 (March 31, 2024: 234), provisions for risks and charges/litigations 425 (March 31, 2024: 139).

#### 26. Interest and similar income

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS                                                                                                                                        | BRD – Groupe Société Générale S.A.<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                                      |                           |                                |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|--------------------------------------|---------------------------|--------------------------------|
|                                                                                                                                                                                                                      |                                                                                                                   |                                      |                           |                                |
|                                                                                                                                                                                                                      | Group<br>Unaudited (*)                                                                                            |                                      | Bank<br>Unaudited (*)     |                                |
|                                                                                                                                                                                                                      | Three months ended                                                                                                | Restated<br>Three months ended       | Three months ended        | Restated<br>Three months ended |
|                                                                                                                                                                                                                      | March 31, 2025                                                                                                    | March 31, 2024                       | March 31, 2025            | March 31, 2024                 |
| Interest income calculated using the effective interest method                                                                                                                                                       | 1,151,541                                                                                                         | 1,127,501                            | 1,146,010                 | 1,111,863                      |
| Interest on loans                                                                                                                                                                                                    | 900,783                                                                                                           | 862,337                              | 895,253                   | 846,849                        |
| Interest on deposit with banks                                                                                                                                                                                       | 59,778                                                                                                            | 97,186                               | 59,777                    | 97,036                         |
| Interest on debt instruments                                                                                                                                                                                         | 190,980                                                                                                           | 167,978                              | 190,980                   | 167,978                        |
| Other similar income                                                                                                                                                                                                 | 37,201                                                                                                            | 36,179                               | -                         | 358                            |
| Interest on finance lease                                                                                                                                                                                            | 37,201                                                                                                            | 35,821                               | -                         | -                              |
| Interest income from hedging instruments                                                                                                                                                                             | -                                                                                                                 | 358                                  | -                         | 358                            |
| Total interest and similar income                                                                                                                                                                                    | 1,188,742                                                                                                         | 1,163,680                            | 1,146,010                 | 1,112,221                      |
| The interest income for Stage 3 loans includes the accrued interest calculated on net loan exposure (after impairment allowance) in amount of 17,501 for Group<br>(2024: 13,303) and 17,501 for Bank (2024: 13,111). |                                                                                                                   |                                      |                           |                                |
|                                                                                                                                                                                                                      |                                                                                                                   |                                      |                           |                                |
|                                                                                                                                                                                                                      |                                                                                                                   | Group                                |                           | Bank<br>Unaudited (*)          |
|                                                                                                                                                                                                                      |                                                                                                                   |                                      |                           |                                |
|                                                                                                                                                                                                                      |                                                                                                                   | Unaudited (*)                        |                           |                                |
|                                                                                                                                                                                                                      |                                                                                                                   | Restated                             |                           | Restated                       |
|                                                                                                                                                                                                                      | Three months ended                                                                                                | Three months ended                   | Three months ended        | Three months ended             |
| Interest expense                                                                                                                                                                                                     | March 31, 2025                                                                                                    | March 31, 2024<br>415,109<br>421,664 | March 31, 2025<br>398,618 | March 31, 2024<br>402,402      |
| Interest on term deposits                                                                                                                                                                                            |                                                                                                                   | 254,214<br>252,216                   | 255,417                   | 252,666                        |
| Interest on demand deposits                                                                                                                                                                                          |                                                                                                                   | 74,307<br>67,678                     | 76,476                    | 69,468                         |

#### 27. Interest and similar expense

| The interest income for Stage 3 loans includes the accrued interest calculated on net loan exposure (after impairment allowance) in amount of 17,501 for Group |                    |                    |                    |                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------------|--------------------|--------------------|
| (2024: 13,303) and 17,501 for Bank (2024: 13,111).                                                                                                             |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
| Interest and similar expense                                                                                                                                   |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                |                    |                    |                    |                    |
|                                                                                                                                                                | Three months ended | Three months ended | Three months ended | Three months ended |
|                                                                                                                                                                | March 31, 2025     | March 31, 2024     | March 31, 2025     | March 31, 2024     |
| Interest expense                                                                                                                                               | 415,109            | 421,664            | 398,618            | 402,402            |
| Interest on term deposits                                                                                                                                      | 254,214            | 252,216            | 255,417            | 252,666            |
| Interest on demand deposits                                                                                                                                    | 74,307             | 67,678             | 76,476             | 69,468             |
| Interest on borrowings                                                                                                                                         | 86,588             | 101,770            | 66,725             | 80,268             |
|                                                                                                                                                                |                    |                    |                    |                    |
| Other similar expense                                                                                                                                          | 15,132             | 25,799             | 15,094             | 25,742             |
| Interest expense from hedging instruments<br>Interest expense on lease liabilities                                                                             | 13,225<br>1,907    | 23,698<br>2,101    | 13,225<br>1,869    | 23,698<br>2,044    |

#### 28. Fees and commissions income and expense

| 28.<br>Fees and commissions income and expense | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS |                        | BRD – Groupe Société Générale S.A.<br>as at and for the period ended March 31, 2025 | (Amounts in thousands RON) |                                   |                       |                                               |              |
|------------------------------------------------|-------------------------------------------------------------------------------|------------------------|-------------------------------------------------------------------------------------|----------------------------|-----------------------------------|-----------------------|-----------------------------------------------|--------------|
|                                                | Three months ended March 31, 2025                                             | Group<br>Unaudited (*) | Restated<br>Three months ended March 31, 2024                                       |                            | Three months ended March 31, 2025 | Bank<br>Unaudited (*) | Restated<br>Three months ended March 31, 2024 |              |
|                                                |                                                                               |                        |                                                                                     |                            | Income                            | Expense               | Income                                        | Expense      |
|                                                |                                                                               |                        |                                                                                     |                            |                                   |                       |                                               |              |
|                                                | Income                                                                        | Expense                | Income                                                                              | Expense                    |                                   |                       |                                               |              |
| Services                                       | 316,175                                                                       | 124,162                | 240,118                                                                             | 103,264                    | 307,705                           | 122,558               | 234,479                                       | 101,835      |
| Management fees                                | 27,507                                                                        | 0                      | 23,621                                                                              | 0                          | 27,507                            | 0                     | 23,621                                        | 0            |
| Packages                                       | 25,363                                                                        | 0                      | 22,362                                                                              | 0                          | 25,363                            | 0                     | 22,362                                        | 0            |
| Transfers                                      | 28,448                                                                        | 4,857                  | 25,416                                                                              | 4,129                      | 28,448                            | 4,857                 | 25,416                                        | 4,129        |
| OTC withdrawal                                 | 11,739                                                                        | 4,587                  | 12,441                                                                              | 1,744                      | 11,739                            | 4,587                 | 12,441                                        | 1,744        |
| Cards                                          | 178,171                                                                       | 97,244                 | 120,635                                                                             | 80,613                     | 178,171                           | 97,244                | 120,635                                       | 80,613       |
| Brokerage, custody and asset                   |                                                                               |                        |                                                                                     |                            |                                   |                       |                                               |              |
| management                                     | 30,319                                                                        | 5,871                  | 22,220                                                                              | 5,401                      | 21,849                            | 4,267                 | 16,581                                        | 3,972        |
| Other                                          | 14,628                                                                        | 11,604                 | 13,422                                                                              | 11,378                     | 14,628                            | 11,604                | 13,422                                        | 11,378       |
| Loan activity                                  | 39,430                                                                        | 3,692                  | 33,675                                                                              | 4,930                      | 36,811                            | 3,166                 | 29,195                                        | 4,753<br>383 |
| Off balance sheet                              | 22,801                                                                        | 10,451                 | 20,900                                                                              | 383                        | 22,801                            | 10,451                | 20,900                                        |              |

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL                    | BRD – Groupe Société Générale S.A.            |                                |                    |                                |
|---------------------------------------------------------------------------------------|-----------------------------------------------|--------------------------------|--------------------|--------------------------------|
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       | STATEMENTS                                    |                                |                    |                                |
|                                                                                       | as at and for the period ended March 31, 2025 |                                |                    |                                |
|                                                                                       | (Amounts in thousands RON)                    |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
| 29.<br>Gain /(loss) from derivatives and other financial instruments held for trading |                                               |                                |                    |                                |
|                                                                                       |                                               | Group                          | Bank               |                                |
|                                                                                       |                                               | Unaudited (*)                  | Unaudited (*)      |                                |
|                                                                                       | Three months ended                            | Restated<br>Three months ended | Three months ended | Restated<br>Three months ended |
|                                                                                       | March 31, 2025                                | March 31, 2024                 | March 31, 2025     | March 31, 2024                 |
| Gain on instruments held for trading<br>Derivative financial instruments              | 23,522<br>(25,622)                            | 25,917<br>47,266               | 22,874<br>(25,623) | 25,571<br>47,265               |
| Gain on interest rate derivatives                                                     | 560                                           | 10,531                         | 560                | 10,531                         |
| Gain on currency and interest swap                                                    | 1,126                                         | 10                             | 1,126              | 10                             |
| Gain /(loss) on forward foreign exchange contracts                                    | (32,202)                                      | 30,065                         | (32,202)           | 30,065                         |
| Gain on currency options                                                              | 4,462                                         | 2,674                          | 4,462              | 2,674                          |
| (Loss) on derivatives on equity instruments                                           | (542)                                         | (989)                          | (542)              | (989)                          |
| Gain on hedging                                                                       | -                                             | 4,353                          | -                  | 4,353                          |
| Other                                                                                 | 974                                           | 621                            | 973                | 620                            |
| Gain/ (loss) from derivatives and other financial instruments<br>held for trading     | (2,100)                                       | 73,183                         | (2,749)            | 72,836                         |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
| 30.<br>Other income/(expense)                                                         |                                               |                                |                    |                                |
|                                                                                       |                                               |                                |                    |                                |
|                                                                                       | Group                                         |                                | Bank               |                                |
|                                                                                       | Unaudited (*)                                 |                                | Unaudited (*)      |                                |
|                                                                                       | Three months ended                            | Three months ended             | Three months ended | Three months ended             |
|                                                                                       | March 31, 2025                                | March 31, 2024                 | March 31, 2025     | March 31, 2024                 |
|                                                                                       | 771                                           | (8,785)                        | 771                | (8,785)                        |
| Net provisions for litigations                                                        | (1,308)                                       | (883)                          | -                  | -                              |
|                                                                                       |                                               | (2,554)                        | (2,292)            | (3,236)                        |
| Held for sale fixed assets expenses                                                   |                                               |                                |                    |                                |
| Other income/(expenses)                                                               | (2,450)                                       |                                |                    |                                |
| Total income/(expense)                                                                | (2,987)                                       | (12,222)                       | (1,521)            | (12,021)                       |

## 30. Other income/(expense)

|                                     | Three months ended | Three months ended | Three months ended | Three months ended |
|-------------------------------------|--------------------|--------------------|--------------------|--------------------|
|                                     | March 31, 2025     | March 31, 2024     | March 31, 2025     | March 31, 2024     |
| Net provisions for litigations      | 771                | (8,785)            | 771                | (8,785)            |
| Held for sale fixed assets expenses | (1,308)            | (883)              | -                  | -                  |
| Other income/(expenses)             | (2,450)            | (2,554)            | (2,292)            | (3,236)            |
|                                     |                    |                    |                    |                    |

## 31. Contribution to Guarantee Scheme and Resolution Fund

## 31.1 Contribution to Guarantee Scheme

According to the Romanian legislation (Law no. 311/2015 on Deposit Guarantee Schemes and the Bank Deposit Guarantee Fund), the deposits of individuals and certain entities, including small and medium enterprises and large companies are covered up to EUR 100,000 by the Bank Deposit Guarantee Fund ("Fund"). Each credit institution participating to deposit guarantee scheme shall pay the annual contribution as determined and notified by the Fund. The amount of the contribution refers to the total covered deposits at the end of the previous year and also reflects the degree of risk associated to each credit institution in the scheme.

The degree of risk is determined based on the financial and prudential indicators reported by the credit institutions to the National Bank of Romania. For this purpose, the Bank Deposits Guarantee Fund uses a methodology approved by the National Bank of Romania considering also the guidelines issued by the European Banking Authority.

For the year 2025 the expense related to the Deposit Guarantee Fund is estimated at 16,415 (2024: 16,447).

## 31. Contribution to Guarantee Scheme and Resolution Fund (continued)

## 31.2 Contribution to Resolution Fund

## 32. Personnel expenses

|                                                                                                                                                                                                                                                                                                                                                                                                   | 31.2 Contribution to Resolution Fund |                                      |                                      |                                      |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------------------------------|--------------------------------------|--------------------------------------|--|
| According to Law no. 312/2015 on recovery and resolution of credit institution and investment firms, each<br>credit institution shall pay an annual contribution to Bank Resolution Fund as determined and notified by<br>the National Bank of Romania.                                                                                                                                           |                                      |                                      |                                      |                                      |  |
| The National Bank of Romania as the local resolution authority establish the credit institutions annual<br>contributions to Bank Resolution Fund, in compliance with Commission Delegated Regulation EU<br>2015/63, supplementing Directive 2014/59 of the European Parliament and of the Council with regard to<br>ex ante contributions to resolution financing arrangements.                   |                                      |                                      |                                      |                                      |  |
| For the year 2025 the expense related to the Bank Resolution Fund is estimated at 33,301 (2024: 27,118).                                                                                                                                                                                                                                                                                          |                                      |                                      |                                      |                                      |  |
| Both contributions to the Bank Deposit Guarantee Fund and Bank Resolution Fund meet the criteria for<br>recognition as taxes and accounted in accordance with IFRIC 21 "Levies" requirements. The liability is<br>recognized at the date when the obligating event occurs and the contribution is recognized as an expense in<br>full on 1st of January of the year in which the payment is made. |                                      |                                      |                                      |                                      |  |
| 32.<br>Personnel expenses                                                                                                                                                                                                                                                                                                                                                                         | Group                                |                                      | Bank                                 |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                   | Unaudited (*)                        |                                      | Unaudited (*)                        |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                   | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024 | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024 |  |
| Salaries                                                                                                                                                                                                                                                                                                                                                                                          | 242,017                              | 227,108                              | 231,570                              | 216,623                              |  |
| Social security                                                                                                                                                                                                                                                                                                                                                                                   | 6,572                                | 6,165                                | 6,135                                | 5,833                                |  |
| Bonuses                                                                                                                                                                                                                                                                                                                                                                                           | 19,453                               | 17,500                               | 19,453                               | 17,500                               |  |
| Post-employment benefits<br>Capitalisation of internal projects                                                                                                                                                                                                                                                                                                                                   | 1,349<br>(15,243)                    | 1,391<br>(13,309)                    | 1,349<br>(15,243)                    | 1,391<br>(13,309)                    |  |
| Other                                                                                                                                                                                                                                                                                                                                                                                             | 10,016                               | 5,823                                | 9,889                                | 5,482                                |  |
| Total                                                                                                                                                                                                                                                                                                                                                                                             | 264,164                              | 244,678                              | 253,153                              | 233,520                              |  |
| In 2025, the expense related to the Bank defined benefit plan was 541 (2024: 563).                                                                                                                                                                                                                                                                                                                |                                      |                                      |                                      |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                   |                                      |                                      |                                      |                                      |  |
| 33.<br>Depreciation, amortization and impairment on tangible and intangible assets                                                                                                                                                                                                                                                                                                                | Group                                |                                      | Bank                                 |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                   | Unaudited (*)                        |                                      | Unaudited (*)                        |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                   | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024 | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024 |  |
| Depreciation and impairment<br>Amortisation                                                                                                                                                                                                                                                                                                                                                       | 41,300<br>26,469                     | 47,220<br>21,874                     | 40,739<br>26,267                     | 46,265<br>21,590                     |  |

## 33. Depreciation, amortization and impairment on tangible and intangible assets

|                             | Three months ended | Three months ended | Three months ended | Three months ended |
|-----------------------------|--------------------|--------------------|--------------------|--------------------|
|                             | March 31, 2025     | March 31, 2024     | March 31, 2025     | March 31, 2024     |
| Depreciation and impairment | 41,300             | 47,220             | 40,739             | 46,265             |
| Amortisation                | 26,469             | 21,874             | 26,267             | 21,590             |
|                             |                    |                    |                    |                    |

The difference as of March 31, 2025 between the amount presented in Note 12 and the amount presented in Note 33 represents depreciation of investment property in total amount of 52 and no release of impairment of investment property (March 31, 2024: 114 depreciation of investment property and release of impairment in amount of 92).

## 34. Other operating expenses

|                            |                                                                    | BRD – Groupe Société Générale S.A.            |                    |                    |
|----------------------------|--------------------------------------------------------------------|-----------------------------------------------|--------------------|--------------------|
|                            | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                               |                    |                    |
|                            |                                                                    | STATEMENTS                                    |                    |                    |
|                            |                                                                    | as at and for the period ended March 31, 2025 |                    |                    |
|                            |                                                                    |                                               |                    |                    |
|                            |                                                                    | (Amounts in thousands RON)                    |                    |                    |
|                            |                                                                    |                                               |                    |                    |
|                            |                                                                    |                                               |                    |                    |
| Other operating expenses   |                                                                    |                                               |                    |                    |
|                            | Group                                                              |                                               | Bank               |                    |
|                            | Unaudited (*)                                                      |                                               | Unaudited (*)      |                    |
| 34.                        | Three months ended                                                 | Three months ended                            | Three months ended | Three months ended |
|                            | March 31, 2025                                                     | March 31, 2024                                | March 31, 2025     | March 31, 2024     |
|                            |                                                                    |                                               |                    |                    |
| Administrative expenses    | 126,455                                                            | 121,485                                       | 124,290            | 117,752            |
| Publicity and sponsorships | 3,908                                                              | 3,725                                         | 3,838              | 3,669              |
| Other expenses             | 29,106                                                             | 17,063                                        | 27,365             | 14,719<br>30,373   |
| Tax on turnover<br>Total   | 32,382<br>191,851                                                  | 30,373<br>172,646                             | 32,382<br>187,875  | 166,513            |

## 35. Net impairment gain/(loss) on financial instruments

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024                  |                                      | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|-------------------------------------------------------|--------------------------------------|--------------------------------------|-------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
| Administrative expenses include for the Bank maintenance expenses, various utilities such as energy and                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                      |                                                       |                                      |                                      |                                                       |
| telecommunication, expenses related to short-term leases of 1,576 (March 31, 2024: 1,094) and to leases<br>of low-value assets of 1,036 (March 31, 2024: 1,025).                                                                                                                                                                                                                                                                                                                                                                                             |                                      |                                                       |                                      |                                      |                                                       |
| According to Law 296/2023, the Romanian Fiscal Code was amended to introduce, starting January 1st,<br>2024, a supplementary tax for credit institutions, i.e. the tax on turnover which is computed as follows: for<br>2024 and 2025 the tax is 2% from the turnover, while starting 2026 the rate is 1%. The tax is additional to<br>the corporate income tax, it is computed and payable on a quarterly basis and is a non-deductible expense.<br>The line Tax on turnover represents the tax expense for the first quarter of 2025, in amount of 32,382. |                                      |                                                       |                                      |                                      |                                                       |
| 35.<br>Net impairment gain/(loss) on financial instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                      | Group                                                 |                                      |                                      | Bank                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      | Unaudited (*)<br>Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024 | Three months ended<br>March 31, 2025 | Unaudited (*)<br>Three months ended<br>March 31, 2024 |
| Net impairment allowance for loans                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                      | 89,000                                                | 83,995                               | 85,794                               | 69,893                                                |
| Net impairment allowance for sundry debtors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                      | 15,575                                                | 16,541                               | 15,457                               | 14,058                                                |
| Net impairment allowance for finance lease                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                      | 4,604                                                 | 2,226                                | -                                    | -                                                     |
| Income from recoveries of derecognized receivables<br>& sales of bad debts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                      | (16,571)                                              | (25,635)                             | (9,395)                              | (22,235)                                              |
| Write-offs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                      | 5,396                                                 | 2,970                                | 1,218                                | 831                                                   |
| Financial guarantee and loan contracts provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                      | (18,962)                                              | (25,740)                             | (19,070)                             | (26,083)                                              |
| Net impairment allowance for debt securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                      | (1)                                                   | (94)                                 | (1)                                  | (94)                                                  |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                      | 79,041                                                | 54,263                               | 74,003                               | 36,370                                                |
| 36.<br>Earnings per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                      |                                                       |                                      |                                      |                                                       |
| Basic earnings per share are calculated by dividing net profit/(loss) for the reporting period attributable to<br>ordinary equity owners of the parent by the weighted average number of shares outstanding during the year.<br>As of March 31, 2025 and March 31, 2024 there were no dilutive equity instruments issued by the Group<br>and Bank.                                                                                                                                                                                                           |                                      |                                                       |                                      |                                      |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      | Group<br>Unaudited (*)                                |                                      | Bank<br>Unaudited (*)                |                                                       |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Three months ended<br>March 31, 2025 |                                                       | Three months ended<br>March 31, 2024 | Three months ended<br>March 31, 2025 | Three months ended<br>March 31, 2024                  |
| Ordinary shares on market                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 696,901,518                          |                                                       | 696,901,518                          | 696,901,518                          | 696,901,518                                           |
| Profit attributable to shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 350,479                              |                                                       | 324,183                              | 334,354                              | 322,088                                               |
| Earnings per share (in RON)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 0.5029                               |                                                       | 0.4652                               | 0.4798                               | 0.4622                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                      |                                                       |                                      |                                      |                                                       |
| The accompanying notes are an integral part of this condensed interim financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                      |                                                       |                                      |                                      |                                                       |

## 36. Earnings per share

| Three months ended | Three months ended | Three months ended | Three months ended |
|--------------------|--------------------|--------------------|--------------------|
| March 31, 2025     | March 31, 2024     | March 31, 2025     | March 31, 2024     |
|                    |                    |                    |                    |
|                    |                    |                    |                    |
|                    |                    |                    |                    |

## 37. Guarantees and other credit commitments

## Guarantees and letters of credit

The Group and Bank issues guarantees and letters of credit for its customers. The primary purpose of letters of credit is to ensure that funds are available to a customer as required. Guarantees and standby letters of credit, which represent irrevocable assurances that the Group and Bank will make payments in the event that a customer cannot meet its obligations (delivery of goods, documents submitting, etc.) to third parties with which it entered previously into a contractual relationship, carry a similar credit risk as loans once they are executed. Group Bank

## Credit related commitments

Financing commitments represent unused amounts of approved credit facilities.

| that a customer cannot meet its obligations (delivery of goods, documents submitting, etc.) to third parties                                                                                                                                                                                                                                                                                                                                                                                                        |                        |                         |                        | credit, which represent irrevocable assurances that the Group and Bank will make payments in the event |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------|-------------------------|------------------------|--------------------------------------------------------------------------------------------------------|
| with which it entered previously into a contractual relationship, carry a similar credit risk as loans once                                                                                                                                                                                                                                                                                                                                                                                                         |                        |                         |                        |                                                                                                        |
| The market and credit risks on these financial instruments, as well as the operational risk are similar to<br>those arising from granting of loans. In the event of a claim on the Group and Bank as a result of a<br>customer's default on a guarantee these instruments also present a degree of liquidity risk to the Group and                                                                                                                                                                                  |                        |                         |                        |                                                                                                        |
| Credit related commitments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                        |                         |                        |                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                        |                         |                        |                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                        |                         |                        |                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Group                  |                         | Bank                   |                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Unaudited (*)          |                         | Unaudited (*)          |                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | March 31,              | December 31,            | March 31,              | December 31,                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2025                   | 2024                    | 2025                   | 2024                                                                                                   |
| Letters of guarantee granted<br>Financing commitments granted                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 3,714,740<br>9,527,193 | 3,812,725<br>10,553,532 | 3,716,823<br>9,467,250 | 3,814,807<br>10,506,324                                                                                |
| Total commitments granted                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 13,241,933             | 14,366,257              | 13,184,073             | 14,321,131                                                                                             |
| Financing commitments represent unused amounts of approved credit facilities.<br>The Group and Bank monitors the term to maturity of credit commitments because longer-term<br>commitments generally have a greater degree of credit risk than shorter-term commitments. The total<br>outstanding contractual amount of commitments does not necessarily represent future cash requirements<br>since many of these commitments will expire or be terminated without being funded.<br>Uncommitted facilities granted | 13,318,797             | 12,534,451              | 13,352,298             | 12,569,814                                                                                             |
| Letters of guarantee received                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 32,940,871             | 32,614,640              | 32,940,871             | 32,614,640                                                                                             |

## 37. Guarantees and other credit commitments (continued)

## Credit quality analysis of commitments granted

|                                                     | STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                           | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                        |
|-----------------------------------------------------|-------------------------------------------------------------------------------------------|---------------------------|--------------------------------------------------------------------|------------------------|
| Guarantees and other credit commitments (continued) |                                                                                           |                           |                                                                    |                        |
| Credit quality analysis of commitments granted      |                                                                                           |                           |                                                                    |                        |
|                                                     |                                                                                           |                           |                                                                    |                        |
|                                                     |                                                                                           | Group Unaudited<br>Retail |                                                                    |                        |
|                                                     |                                                                                           | March 31, 2025            |                                                                    |                        |
| Internal rating grade                               | Stage 1                                                                                   | Stage 2                   | Stage 3                                                            | Total                  |
| Very good grade                                     | 1,775,945                                                                                 | 2,112                     | -                                                                  | 1,778,057              |
| Good grade                                          | 544,632                                                                                   | 28,763                    | -                                                                  | 573,395                |
| Standard grade                                      | 123,230                                                                                   | 17,490                    | -                                                                  | 140,720                |
| Sub-standard grade                                  | -                                                                                         | 11,638                    | -                                                                  | 11,638                 |
| Non- performing                                     | -                                                                                         | -                         | 9,715                                                              | 9,715                  |
| Not rated internally<br>Total commitments granted   | 15,451<br>2,459,258                                                                       | 855<br>60,858             | -<br>9,715                                                         | 16,306<br>2,529,831    |
|                                                     |                                                                                           | Non-retail                |                                                                    |                        |
|                                                     |                                                                                           | March 31, 2025            |                                                                    |                        |
|                                                     | Stage 1                                                                                   | Stage 2                   | Stage 3                                                            | Total                  |
| Internal rating grade                               |                                                                                           |                           |                                                                    |                        |
| Very good grade                                     | -                                                                                         | -                         | -                                                                  | -                      |
| Good grade<br>Standard grade                        | 8,218,523<br>1,718,610                                                                    | 509,731<br>22,804         | -<br>-                                                             | 8,728,254<br>1,741,413 |
| Sub-standard grade                                  | -                                                                                         | 119,718                   | -                                                                  | 119,718                |
| Non- performing                                     | -                                                                                         | -                         | 122,716                                                            | 122,716                |
| Total commitments granted                           | 9,937,132                                                                                 | 652,253                   | 122,716                                                            | 10,712,101             |
|                                                     |                                                                                           | Total                     |                                                                    |                        |
|                                                     |                                                                                           | March 31, 2025            |                                                                    |                        |
| Internal rating grade                               | Stage 1                                                                                   | Stage 2                   | Stage 3                                                            | Total                  |
| Very good grade                                     | 1,775,945                                                                                 | 2,112                     | -                                                                  | 1,778,057              |
| Good grade                                          | 8,763,154                                                                                 | 538,494                   | -                                                                  | 9,301,649              |
| Standard grade                                      | 1,841,840                                                                                 | 40,294                    | -                                                                  | 1,882,133              |
| Sub-standard grade                                  | -                                                                                         | 131,356                   | -                                                                  | 131,356                |
| Non- performing                                     | -                                                                                         | -                         | 132,431                                                            | 132,431                |
| Not rated internally                                | 15,451                                                                                    | 855                       | -                                                                  | 16,306                 |
| Total commitments granted                           | 12,396,390                                                                                | 713,111                   | 132,431                                                            | 13,241,932             |

## 37. Guarantees and other credit commitments (continued)

## Credit quality analysis of commitments granted (continued)

|                                                            | STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                          |              | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |
|------------------------------------------------------------|-------------------------------------------------------------------------------------------|--------------------------|--------------|--------------------------------------------------------------------|
| Guarantees and other credit commitments (continued)        |                                                                                           |                          |              |                                                                    |
| Credit quality analysis of commitments granted (continued) |                                                                                           |                          |              |                                                                    |
|                                                            |                                                                                           | Bank Unaudited<br>Retail |              |                                                                    |
|                                                            |                                                                                           | March 31, 2025           |              |                                                                    |
|                                                            | Stage 1                                                                                   | Stage 2                  | Stage 3      | Total                                                              |
| Internal rating grade                                      |                                                                                           |                          |              |                                                                    |
| Very good grade                                            | 1,775,945                                                                                 | 2,112                    | -            | 1,778,057                                                          |
| Good grade<br>Standard grade                               | 544,632<br>123,230                                                                        | 28,763<br>17,490         | -<br>-       | 573,395<br>140,720                                                 |
| Sub-standard grade                                         | -                                                                                         | 11,638                   | -            | 11,638                                                             |
| Non- performing                                            | -                                                                                         | -                        | 9,715        | 9,715                                                              |
| Total commitments granted                                  | 2,443,807                                                                                 | 60,003                   | 9,715        | 2,513,525                                                          |
|                                                            |                                                                                           | Non-retail               |              |                                                                    |
|                                                            |                                                                                           | March 31, 2025           |              |                                                                    |
| Internal rating grade                                      | Stage 1                                                                                   | Stage 2                  | Stage 3      | Total                                                              |
| Very good grade                                            | -                                                                                         | -                        | -            | -                                                                  |
| Good grade                                                 | 8,189,356                                                                                 | 508,297                  | -            | 8,697,653                                                          |
| Standard grade                                             | 1,712,294                                                                                 | 22,305                   | -            | 1,734,599                                                          |
| Sub-standard grade                                         | -                                                                                         | 119,461                  | -            | 119,461                                                            |
| Non- performing                                            | -                                                                                         | -                        | 118,834      | 118,834                                                            |
| Total commitments granted                                  | 9,901,650                                                                                 | 650,063                  | 118,834      | 10,670,547                                                         |
|                                                            |                                                                                           | Total<br>March 31, 2025  |              |                                                                    |
|                                                            | Stage 1                                                                                   | Stage 2                  | Stage 3      | Total                                                              |
| Internal rating grade                                      |                                                                                           |                          |              |                                                                    |
| Very good grade                                            | 1,775,945                                                                                 | 2,112                    | -            | 1,778,057                                                          |
| Good grade                                                 | 8,733,988                                                                                 | 537,060                  | -            | 9,271,047                                                          |
| Standard grade                                             | 1,835,524                                                                                 | 39,795                   | -            | 1,875,319                                                          |
| Sub-standard grade                                         | -                                                                                         | 131,099                  | -            | 131,099                                                            |
| Non- performing<br>Not rated internally                    | -<br>-                                                                                    | -<br>-                   | 128,550<br>- | 128,550<br>-                                                       |
| Total commitments granted                                  | 12,345,457                                                                                | 710,066                  | 128,550      | 13,184,072                                                         |

## 37. Guarantees and other credit commitments (continued)

## Credit quality analysis of commitments granted (continued)

|                                                            | as at and for the period ended March 31, 2025 | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL<br>STATEMENTS<br>(Amounts in thousands RON) |              |                    |  |
|------------------------------------------------------------|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------|--------------|--------------------|--|
| Guarantees and other credit commitments (continued)        |                                               |                                                                                                                |              |                    |  |
| Credit quality analysis of commitments granted (continued) |                                               |                                                                                                                |              |                    |  |
|                                                            |                                               | Group<br>Retail                                                                                                |              |                    |  |
|                                                            |                                               | December 31, 2024                                                                                              |              |                    |  |
|                                                            | Stage 1                                       | Stage 2                                                                                                        | Stage 3      | Total              |  |
| Internal rating grade<br>Very good grade                   | 1,644,568                                     | 1,190                                                                                                          | -            | 1,645,758          |  |
| Good grade                                                 | 611,054                                       | 39,811                                                                                                         | -            | 650,865            |  |
| Standard grade                                             | 104,796                                       | 22,535                                                                                                         | -            | 127,331            |  |
| Sub-standard grade                                         | 59                                            | 11,217                                                                                                         | -            | 11,276             |  |
| Non- performing                                            | -                                             | -                                                                                                              | 7,768        | 7,768              |  |
| Not rated internally                                       | 10,279                                        | 1,267                                                                                                          | -            | 11,546             |  |
| Total commitments granted                                  | 2,370,755                                     | 76,020                                                                                                         | 7,768        | 2,454,543          |  |
|                                                            |                                               | Non-retail                                                                                                     |              |                    |  |
|                                                            |                                               | December 31, 2024                                                                                              |              |                    |  |
|                                                            | Stage 1                                       | Stage 2                                                                                                        | Stage 3      | Total              |  |
| Internal rating grade                                      |                                               |                                                                                                                |              |                    |  |
| Very good grade                                            | -                                             | -                                                                                                              | -            | -                  |  |
| Good grade                                                 | 9,169,203                                     | 705,245                                                                                                        | -            | 9,874,448          |  |
| Standard grade                                             | 1,587,909                                     | 220,779                                                                                                        | -            | 1,808,688          |  |
| Sub-standard grade<br>Non- performing                      | -<br>-                                        | 103,875<br>-                                                                                                   | -<br>124,702 | 103,875<br>124,702 |  |
| Total commitments granted                                  | 10,757,112                                    | 1,029,899                                                                                                      | 124,702      | 11,911,713         |  |
|                                                            |                                               | Total                                                                                                          |              |                    |  |
|                                                            |                                               | December 31, 2024                                                                                              |              |                    |  |
|                                                            | Stage 1                                       | Stage 2                                                                                                        | Stage 3      | Total              |  |
| Internal rating grade                                      |                                               |                                                                                                                |              |                    |  |
| Very good grade                                            | 1,644,568                                     | 1,190                                                                                                          | -            | 1,645,758          |  |
| Good grade                                                 | 9,780,257                                     | 745,056                                                                                                        | -            | 10,525,313         |  |
| Standard grade                                             | 1,692,705                                     | 243,314                                                                                                        | -            | 1,936,019          |  |
| Sub-standard grade                                         | 59                                            | 115,092                                                                                                        | -            | 115,151            |  |
| Non- performing                                            | -                                             | -                                                                                                              | 132,470      | 132,470            |  |
| Not rated internally                                       | 10,279                                        | 1,267                                                                                                          | -            | 11,546             |  |
| Total commitments granted                                  | 13,127,868                                    | 1,105,918                                                                                                      | 132,470      | 14,366,256         |  |

## 37. Guarantees and other credit commitments (continued)

Credit quality analysis of commitments granted (continued)

| Guarantees and other credit commitments (continued)        |                                     |                   |         |            |  |
|------------------------------------------------------------|-------------------------------------|-------------------|---------|------------|--|
| Credit quality analysis of commitments granted (continued) |                                     |                   |         |            |  |
|                                                            |                                     |                   |         |            |  |
|                                                            |                                     |                   |         |            |  |
|                                                            | Bank<br>Retail<br>December 31, 2024 |                   |         |            |  |
|                                                            | Stage 1                             | Stage 2           | Stage 3 | Total      |  |
| Internal rating grade                                      |                                     |                   |         |            |  |
| Very good grade                                            | 1,644,568                           | 1,190             | -       | 1,645,758  |  |
| Good grade                                                 | 611,054                             | 39,811            | -       | 650,865    |  |
| Standard grade                                             | 104,796                             | 22,535            | -       | 127,331    |  |
| Sub-standard grade                                         | 59                                  | 11,217            | -       | 11,276     |  |
| Non- performing                                            | -                                   | -                 | 7,768   | 7,768      |  |
| Total commitments granted                                  | 2,360,477                           | 74,752            | 7,768   | 2,442,997  |  |
|                                                            | Non-retail                          |                   |         |            |  |
|                                                            |                                     | December 31, 2024 |         |            |  |
| Internal rating grade                                      | Stage 1                             | Stage 2           | Stage 3 | Total      |  |
| Very good grade                                            | -                                   | -                 | -       | -          |  |
| Good grade                                                 | 9,148,655                           | 704,840           | -       | 9,853,495  |  |
| Standard grade                                             | 1,579,040                           | 218,762           | -       | 1,797,803  |  |
| Sub-standard grade                                         | -                                   | 103,875           | -       | 103,875    |  |
| Non- performing                                            | -                                   | -                 | 122,961 | 122,961    |  |
| Total commitments granted                                  | 10,727,696                          | 1,027,477         | 122,961 | 11,878,134 |  |
|                                                            |                                     | Total             |         |            |  |
|                                                            |                                     | December 31, 2024 |         |            |  |
|                                                            | Stage 1                             | Stage 2           | Stage 3 | Total      |  |
| Internal rating grade                                      |                                     |                   |         |            |  |
| Very good grade                                            | 1,644,568                           | 1,190             | -       | 1,645,758  |  |
| Good grade                                                 | 9,759,710                           | 744,651           | -       | 10,504,360 |  |
| Standard grade                                             | 1,683,836                           | 241,297           | -       | 1,925,134  |  |
| Sub-standard grade                                         | 59                                  | 115,092           | -       | 115,151    |  |
| Non- performing                                            | -                                   | -                 | 130,729 | 130,729    |  |
| Not rated internally                                       | -                                   | -                 | -       | -          |  |
| Total commitments granted                                  | 13,088,173                          | 1,102,229         | 130,729 | 14,321,131 |  |

## 37. Guarantees and other credit commitments (continued)

## Credit quality analysis of uncommitted facilities granted

|                                                                                          |                      | STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) | NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL |                                     |
|------------------------------------------------------------------------------------------|----------------------|-------------------------------------------------------------------------------------------|--------------------------------------------------------------------|-------------------------------------|
| 37.<br>Guarantees and other credit commitments (continued)                               |                      |                                                                                           |                                                                    |                                     |
| Credit quality analysis of uncommitted facilities granted                                |                      |                                                                                           |                                                                    |                                     |
|                                                                                          |                      | Group                                                                                     |                                                                    | Bank                                |
|                                                                                          | Unaudited (*)        | Retail                                                                                    | Unaudited (*)                                                      | Retail                              |
| Internal rating grade                                                                    | March 31, 2025       | December 31, 2024                                                                         | March 31, 2025                                                     | December 31, 2024                   |
| Good grade<br>Standard grade                                                             | 7,562<br>81,642      | 27,623<br>4,635                                                                           | 7,562<br>81,642                                                    | 27,623<br>4,635                     |
| Sub-standard grade                                                                       | 3,201                | 890                                                                                       | 3,201                                                              | 890                                 |
| Non- performing<br>Total uncommited facilities granted                                   | -<br>92,405          | 678<br>33,827                                                                             | 0<br>92,405                                                        | 678<br>33,827                       |
|                                                                                          |                      |                                                                                           |                                                                    |                                     |
|                                                                                          | Unaudited (*)        | Non-retail                                                                                | Unaudited (*)                                                      | Non-retail                          |
|                                                                                          | March 31, 2025       | December 31, 2024                                                                         | March 31, 2025                                                     | December 31, 2024                   |
| Internal rating grade<br>Good grade                                                      | 10,950,404           | 9,800,167                                                                                 | 10,983,905                                                         | 9,835,532                           |
| Standard grade                                                                           | 2,043,188            | 2,388,557                                                                                 | 2,043,188                                                          | 2,388,557                           |
| Sub-standard grade<br>Non- performing                                                    | 223,314<br>9,486     | 271,036<br>40,863                                                                         | 223,314<br>9,486                                                   | 271,036<br>40,863                   |
| Total uncommited facilities granted                                                      | 13,226,392           | 12,500,623                                                                                | 13,259,892                                                         | 12,535,988                          |
|                                                                                          |                      | Total                                                                                     |                                                                    | Total                               |
|                                                                                          | Unaudited (*)        |                                                                                           | Unaudited (*)                                                      |                                     |
| Internal rating grade                                                                    | March 31, 2025       | December 31, 2024                                                                         | March 31, 2025                                                     | December 31, 2024                   |
| Good grade                                                                               | 10,957,966           | 9,827,791                                                                                 | 10,991,467                                                         | 9,863,155                           |
| Standard grade<br>Sub-standard grade                                                     | 2,124,830<br>226,515 | 2,393,192<br>271,926                                                                      | 2,124,830<br>226,515                                               | 2,393,192<br>271,926                |
| Non- performing                                                                          | 9,486                | 41,541                                                                                    | 9,486                                                              | 41,541                              |
| Total uncommited facilities granted                                                      | 13,318,797           | 12,534,450                                                                                | 13,352,298                                                         | 12,569,814                          |
| 38.<br>Other commitments                                                                 |                      | Group                                                                                     |                                                                    | Bank                                |
|                                                                                          |                      | Unaudited (*)<br>March 31,                                                                | Unaudited (*)<br>December 31,<br>March 31,                         | December 31,                        |
| Tangible non-current assets                                                              |                      | 2025<br>13,728                                                                            | 2024<br>2025<br>9,088                                              | 2024<br>13,728<br>9,088             |
| Intangible non-current assets<br>Commitments relating to short-term and low value leases |                      | 1,461<br>17,069                                                                           | 34,862<br>20,212                                                   | 1,461<br>34,862<br>17,069<br>20,212 |
| Total                                                                                    |                      | 32,258                                                                                    | 64,162                                                             | 32,258<br>64,162                    |

#### 38. Other commitments

| March 31, | December 31, | March 31, | December 31, |
|-----------|--------------|-----------|--------------|
| 2025      | 2024         | 2025      | 2024         |
|           |              |           |              |
|           |              |           |              |
|           |              |           |              |
|           |              |           |              |

#### 39. Related parties

| 39.<br>Related parties                                                                                                                                                                                                                    |                    |                          |             |                |                                      |                       |                          |             |                |                             |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------------------|-------------|----------------|--------------------------------------|-----------------------|--------------------------|-------------|----------------|-----------------------------|--|
|                                                                                                                                                                                                                                           |                    |                          |             |                |                                      |                       |                          |             |                |                             |  |
| those prevailing for similar transactions with unrelated parties. The transactions/balances with subsidiaries were eliminated for consolidation purposes. The<br>transactions/balances with related parties can be summarized as follows: |                    |                          | 2025        |                | Group                                |                       |                          | 2024        |                |                             |  |
|                                                                                                                                                                                                                                           | Parent             | Other related<br>parties | Associates  | Joint ventures | Key management<br>of the institution | Parent                | Other related<br>parties | Associates  | Joint ventures | Key<br>management<br>of the |  |
|                                                                                                                                                                                                                                           | 1,431,268          | 95,885                   | 722         | 19,441         |                                      |                       |                          |             |                |                             |  |
|                                                                                                                                                                                                                                           |                    |                          |             |                | 3,875                                | 4,758,906             | 81,519                   | 879         | 19,631         | institution<br>4,120        |  |
|                                                                                                                                                                                                                                           | 123,500            | 259                      | -           | -              | -                                    | 100,304               | 238                      | -           | -              | -                           |  |
|                                                                                                                                                                                                                                           | 1,176,275          | -                        | -           | -              | -                                    | 4,490,556             | -                        | -           | -              | -                           |  |
|                                                                                                                                                                                                                                           | -                  | 95,468                   | -           | 19,441         | 3,875                                | -                     | 81,101                   | -           | 19,631         | 4,120                       |  |
|                                                                                                                                                                                                                                           | 40,466<br>91,027   | 0<br>157                 | -<br>722    | -<br>-         | -<br>-                               | 44,218<br>123,828     | 0<br>180                 | -<br>879    | -<br>-         | -<br>-                      |  |
|                                                                                                                                                                                                                                           | -<br>7,668,028     | -<br>203,951             | -<br>28,724 | -<br>20,147    | -<br>12,261                          | -<br>7,661,753        | -<br>224,319             | -<br>19,358 | -<br>20,757    | -<br>9,927                  |  |
|                                                                                                                                                                                                                                           | 17,983             | 917                      | -           | -              | -                                    | 61,013                | 1,124                    | -           | -              | -                           |  |
|                                                                                                                                                                                                                                           | 91,673             | 191,669                  | 28,724      | 10,109         | 12,261                               | 58,630                | 208,180                  | 19,358      | 9,922          | 9,925                       |  |
|                                                                                                                                                                                                                                           | 6,120,423          | -                        | -           | -              |                                      | - 6,083,648           | -                        | -           | -              | -                           |  |
|                                                                                                                                                                                                                                           | 1,246,054          | -                        | -           | -              |                                      | - 1,245,458           | -                        | -           | -              | -                           |  |
| Nostro accounts<br>Due from banks<br>Loans<br>Derivative financial instruments<br>Other assets<br>Loro accounts<br>Deposits and amounts in transit<br>Borrowings<br>Subordinated borrowings<br>Lease payable                              | -                  | 10,089                   | -           | -              | -                                    | -                     | 10,905                   | -           | -              | -                           |  |
|                                                                                                                                                                                                                                           | 129,260            | 0                        | -           | -              | -                                    | 154,091               | 0                        | -           | -              | -                           |  |
| Derivative financial instruments<br>Other liabilities                                                                                                                                                                                     | 62,635             | 1,276                    | 0           | 10,038         | -                                    | 58,913                | 4,110                    | 0           | 10,835         | 2                           |  |
|                                                                                                                                                                                                                                           | 7,554,622          | 181,563                  | -           | 10,000         | 335                                  | 8,549,648             | 134,139                  | 1,727       | 10,000         | 308                         |  |
| Total commitments granted                                                                                                                                                                                                                 | 220,228            | 82,185                   | -           | -              | 335                                  | 209,815               | 67,515                   | -           | -              | 308                         |  |
| Total commitments received                                                                                                                                                                                                                | 220,228            | 70,495                   | -           | -              | -                                    | 209,815               | 38,154                   | -           | -              | -                           |  |
| Uncommitted facilities granted                                                                                                                                                                                                            | 37,986             | 28,883                   | -           | 10,000         | -                                    | 37,984                | 28,470                   | -           | 10,000         | -                           |  |
| Assets<br>Liabilities<br>Commitments<br>Notional amount of foreign exchange transactions                                                                                                                                                  | 2,504,196          | -                        | -           | -              |                                      | - 2,666,642           | -                        | -           | -              | -                           |  |
| Notional amount of interest rate derivatives<br>Securities and other deliverable financial assets                                                                                                                                         | 4,537,030<br>9,933 | -<br>-                   | -<br>-      | -<br>-         | -                                    | - 5,401,885<br>14,274 | -<br>-                   | -<br>-      | -<br>-         | -<br>-                      |  |

#### 39. Related parties (continued)

| 39.<br>Related parties (continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                      |                          |                  |             | (Amounts in thousands RON) |                                      | as at and for the period ended March 31, 2025 |                          |              |             |                |                                      |  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------|--------------------------|------------------|-------------|----------------------------|--------------------------------------|-----------------------------------------------|--------------------------|--------------|-------------|----------------|--------------------------------------|--|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                      | 2025                     |                  |             |                            |                                      | Bank                                          |                          | 2024         |             |                |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Parent               | Other related<br>parties | Subsidiaries     | Associates  | Joint ventures             | Key management<br>of the institution | Parent                                        | Other related<br>parties | Subsidiaries | Associates  | Joint ventures | Key management<br>of the institution |  |
| Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 1,431,268            | 95,885                   | 3,966            | 721         | 19,441                     | 3,875                                | 4,758,906                                     | 81,519                   | 3,033        | 878         | 19,631         | 4,120                                |  |
| Nostro accounts<br>Due from banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 123,500<br>1,176,275 | 259<br>-                 | -<br>-           | -<br>-      | -<br>-                     | -                                    | 100,304<br>- 4,490,556                        | 238<br>-                 | -<br>-       | -<br>-      | -<br>-         | -<br>-                               |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -                    | 95,468                   | 1,885            | -           | 19,441                     | 3,875                                | -                                             | 81,101                   | -            | -           | 19,631         | 4,120                                |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                      | 0                        | 34               | -           | -                          | -                                    | 44,218                                        | 0                        | -            | -           | -              | -<br>-                               |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 40,466               |                          |                  |             |                            |                                      |                                               |                          |              |             |                |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 91,027               | 157                      | 2,047            | 721         | -                          | -                                    | 123,828<br>-                                  | 180                      | 3,033        | 878         | -              |                                      |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 5,796,581<br>17,983  | 203,951<br>917           | 248,282<br>-     | 28,724<br>- | 20,147<br>-                | 12,261<br>-                          | 5,808,267<br>61,013                           | 224,246<br>1,124         | 283,052<br>- | 19,358<br>- | 20,757<br>-    | 9,927<br>-                           |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 91,673               | 191,669                  | 246,359          | 28,724      | 10,109                     | 12,261                               | 58,630                                        | 208,180                  | 281,176      | 19,358      | 9,922          | 9,925                                |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 4,249,769            | -                        | 1,836            | -           | -                          |                                      | - 4,231,942                                   | -                        | 1,876        | -           | -              | -                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 1,246,054            | -                        | -                | -           | -                          |                                      | - 1,245,458                                   | -                        | -            | -           | -              | -                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -<br>129,260         | 10,089<br>0              | -<br>-           | -<br>-      | -<br>-                     | -<br>-                               | -<br>154,091                                  | 10,905<br>0              | -<br>-       | -<br>-      | -<br>-         | -<br>-                               |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 61,842               | 1,276                    | 88               | -           | 10,038                     | -                                    | 57,133                                        | 4,038                    | -            | -           | 10,835         | 2                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 7,554,622            | 181,563                  | 67,935           | -           | 10,000                     | 335                                  | 8,549,648                                     | 134,139                  | 37,447       | -           | 10,000         | 308                                  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 220,228              | 82,185                   | 2,083            | -           | -                          | 335                                  | 209,815                                       | 67,515                   | 2,083        | -           | -              | 308                                  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 220,228              | 70,495                   | -                | -           | -                          | -                                    | 209,815                                       | 38,154                   | -            | -           | -              | -                                    |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 37,986<br>2,504,196  | 28,883<br>-              | 33,501<br>32,351 | -<br>-      | 10,000<br>-                | -<br>-                               | 37,984<br>2,666,642                           | 28,470<br>-              | 35,364<br>-  | -<br>-      | 10,000<br>-    | -<br>-                               |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 4,537,030            | -                        | -                | -           | -                          |                                      | - 5,401,885                                   | -                        | -            | -           | -              | -<br>-                               |  |
| Loans<br>Derivative financial instruments<br>Other assets<br>Liabilities<br>Loro accounts<br>Deposits and amounts in transit<br>Borrowings<br>Subordinated borrowings<br>Lease payable<br>Derivative financial instruments<br>Other liabilities<br>Commitments<br>Total commitments granted<br>Total commitments received<br>Uncommitted facilities granted<br>Notional amount of foreign exchange transactions<br>Notional amount of interest rate derivatives<br>Securities and other deliverable financial assets<br>Securities and other receivable financial assets | 9,933<br>25,021      | -<br>-                   | -<br>-           | -<br>-      | -<br>-                     | -<br>-                               | 14,274<br>9,233                               | -<br>-                   | -<br>-       | -<br>-      | -<br>-         |                                      |  |

#### 39. Related parties (continued)

| NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>39.<br>Related parties (continued) |                    |                          |                          |                | BRD – Groupe Société Générale S.A.<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                                      |                                      |                          |                          |                          |                    |                |                                         |
|---------------------------------------------------------------------------------------------------------------------|--------------------|--------------------------|--------------------------|----------------|-------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------------------------------------|--------------------------|--------------------------|--------------------------|--------------------|----------------|-----------------------------------------|
|                                                                                                                     |                    |                          |                          |                |                                                                                                                   |                                      |                                      | Group                    |                          |                          |                    |                |                                         |
|                                                                                                                     |                    | Parent                   | Other related<br>parties |                | 2025<br>Associates                                                                                                | Joint ventures                       | Key management<br>of the institution |                          | Parent                   | Other related<br>parties | 2024<br>Associates | Joint ventures | Key<br>management of<br>the institution |
| Income statement                                                                                                    |                    |                          | (75,531)                 | (929)          | 7,642                                                                                                             | (26,074)                             |                                      | 1                        | (74,241)                 | 1,054                    | 7,260              | (25,770)       | (13)                                    |
| Interest and commision revenues                                                                                     |                    | 26,652                   |                          | 3,136          | 8,786                                                                                                             | 370                                  |                                      | 58                       | 24,124                   | 2,780                    | 8,234              | 497            | 40                                      |
| Interest and commission expenses<br>Net gain/(loss) on interest rate derivatives                                    |                    |                          | (98,680)<br>22,504       | (1,905)<br>-   | (753)<br>-                                                                                                        | (9,472)<br>-                         |                                      | -                        | (34) (123,521)<br>28,766 | (1,077)<br>-             | (698)<br>-         | (9,265)<br>-   | (39)<br>-                               |
| Net gain/(loss) on foreign exchange derivatives                                                                     |                    |                          | (13,122)                 | (0)            | -                                                                                                                 | -                                    |                                      | -                        | 5,596                    | (19)                     | -                  | -              | -                                       |
| Other income/(expense) from banking activities<br>Other operating expenses                                          |                    |                          | (32)<br>(12,852)         | (0)<br>(2,159) | (39)<br>(351)                                                                                                     | -<br>(16,973)                        |                                      | (1)<br>(22)              | (1)<br>(9,204)           | 8<br>(638)               | 19<br>(295)        | -<br>(17,002)  | -<br>(14)                               |
|                                                                                                                     |                    |                          |                          |                |                                                                                                                   |                                      |                                      |                          |                          |                          |                    |                |                                         |
|                                                                                                                     |                    |                          |                          | 2025           |                                                                                                                   |                                      | Bank                                 |                          |                          |                          | 2024               |                |                                         |
|                                                                                                                     | Parent             | Other related<br>parties | Subsidiaries             | Associates     | Joint ventures                                                                                                    | Key management<br>of the institution |                                      | Parent                   | Other related<br>parties | Subsidiaries             | Associates         | Joint ventures | Key management<br>of the institution    |
| Income statement                                                                                                    | (58,775)           | (719)                    | 2,783                    | 7,641          | (26,074)                                                                                                          |                                      | 1                                    | (56,356)                 | 1,310                    | 1,865                    | 6,173              | (25,770)       | (13)                                    |
| Interest and commision revenues<br>Interest and commission expenses                                                 | 26,652<br>(82,091) | 3,136<br>(1,905)         | 5,448<br>(3,372)         | 8,776          | 370<br>(753)<br>(9,472)                                                                                           |                                      | 58                                   | 24,124<br>(34) (105,802) | 2,780<br>(1,077)         | 4,033<br>(2,241)         | 7,133<br>(698)     | 497<br>(9,265) | 40<br>(39)                              |
| Net gain/(loss) on interest rate derivatives                                                                        | 22,504             | -                        |                          | -              | -                                                                                                                 | -                                    | -                                    | 28,766                   | -                        |                          | -<br>-             | -              | -                                       |
| Net gain/(loss) on foreign exchange derivatives<br>Other income/(expense) from banking activities                   | (13,122)<br>(32)   | (0)<br>(0)               | 38                       | -              | -<br>-                                                                                                            | -<br>-                               | -<br>(1)                             | 5,596<br>(1)             | (19)<br>8                | 43<br>(4)                | -<br>-             | -<br>-         | -<br>-                                  |
|                                                                                                                     |                    | (12,686)<br>(1,950)      | 669                      | (382)          | (16,973)                                                                                                          |                                      | (22)                                 | (9,038)                  | (382)                    | 33                       | (263)              | (17,002)       | (14)                                    |

| Income statement                                | (58,775) | (719)   | 2,783   | 7,641 | (26,074) | 1   | (56,356)       | 1,310   | 1,865   | 6,173 | (25,770) | (13)   |
|-------------------------------------------------|----------|---------|---------|-------|----------|-----|----------------|---------|---------|-------|----------|--------|
| Interest and commision revenues                 | 26,652   | 3,136   | 5,448   | 8,776 | 370      | 58  | 24,124         | 2,780   | 4,033   | 7,133 | 497      | 40     |
| Interest and commission expenses                | (82,091) | (1,905) | (3,372) | (753) | (9,472)  |     | (34) (105,802) | (1,077) | (2,241) | (698) | (9,265)  | (39)   |
| Net gain/(loss) on interest rate derivatives    | 22,504   | -       | -       |       | -<br>-   | -   | 28,766         | -       | -       |       | -        | -<br>- |
| Net gain/(loss) on foreign exchange derivatives | (13,122) | (0)     | 38      |       | -<br>-   | -   | 5,596          | (19)    | 43      |       | -        | -<br>- |
| Other income/(expense) from banking activities  | (32)     | (0)     | -       |       | -<br>-   | (1) | (1)            | 8       | (4)     |       | -        | -<br>- |
|                                                 |          |         |         |       |          |     |                |         |         |       |          |        |

## 39. Related parties (continued)

Other liabilities and other expenses include corporate and technical assistance with Société Générale Paris.

The Bank has granted to SG Paris collaterals regarding derivative instruments in total amount of 90,989 as of March 31, 2025 (December 31, 2024: 121,496).

As of March 31, 2025 the Board of Directors and Managing Committee members own 1,030 shares (December 31, 2024: 1,030).

## 40. Contingencies

As of March 31, 2025 the Bank is the defendant in a number of lawsuits arising in the course of business, amounting to approximately 69,764 (December 31, 2024: 68,945). The amounts disclosed represent the additional potential loss in the event of a negative court decision, the amounts not being provisioned. The management believes that the ultimate resolution of these matters will not have a material adverse effect on the Group's overall financial position and performance. The Bank already booked a provision of 23,904 (December 31, 2024: 24,676) and the Group 29,782 (December 31, 2024: 30,610) in relation with the litigations.

## Competition Council

During the year ended December 31, 2023, the Bank (together with other banks) was subject of two investigations by the Competition Council:

- First investigation was launched ad-hoc in October 2022 and concerns a potential infringement of the completion regulations regarding the fixing of reference ROBOR rates. The investigation is still in the preliminary phase at the date of issue of these financial statements and no report has been delivered.
- Second investigation was launched in July 2023 and concerns the activity of the Credit Bureau and, more specifically, how usage of the FICO scoring is influenced by the number of banks' interrogations with the Credit Bureau. The investigation is also in its early phases and the Bank has not received yet a request of information from the Competition Council.

If applicable, in case of a negative outcome of the above investigations, the Competition Law 21/1996 provisions become applicable (i.e. subject to individualization, depending on gravity, length and potential mitigating and aggravating circumstances, the related fine might range between 0.5% and 10% from the turnover in the year prior to the sanction).

However, considering that:

- based on current info as of today, no specific element of non-compliance with competition law has been identified by the Bank,
- the investigation is in an incipient stage and no report has been issued by the Competition Council,

the Bank concludes that the risk is low and remote and therefore no provision should be recognized as of March 31, 2025.

## 40. Contingencies (continued)

## National Agency for Consumer Protection ("ANPC 1")

During 2023, ANPC launched an investigation on a large number of banks concerning the observed most employed method of reimbursement schedule computation (i.e. equal instalments). The Bank was fined with 50 for deceiving marketing practice and received an ANPC order to stop these practices. The Bank launched a series of Court actions concerning both the fine and the order. At this point in time the ANPC Order is suspended and the actions follow their legal course.

## National Agency for Consumer Protection ("ANPC 2")

During 2024, ANPC has started an investigation concerning the loans granted under the Law 190/1999 and concluded during 2004-2010, with variable interest and management fee perceived simultaneously. The Bank was fined with 60 and remedial measures (reimburse the barrowers with the amount paid in excess) had been imposed to the Bank.

The Bank launched a series of Court actions concerning both the fine and the order. At this point in time the ANPC Order is suspended, and the actions follow their legal course.

## National Agency for Consumer Protection ("ANPC 3")

In October, 2024, based on a client complaint, the ANPC started an investigation on the Bank regarding the lack of transparency regarding the applicable interest rate for the automatically renewed deposits. The Bank was fined with 200 and remedial measures had been imposed to the Bank.

Considering the status of all above actions, the Bank assesses that as of March 31, 2025 and December 31, 2024, the criteria for booking a provision or a contingent liability are not met.

## 41. Fair value

## Determination of fair value and fair value hierarchy

To determine and disclose the fair value hierarchy of the financial instruments, the Group follows the threelevel classification of the inputs to valuation techniques used to measure fair value:

- Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities; Level 1 instruments contain the government bonds, priced directly by external counterparties on various dealing platforms (Bloomberg, Reuters etc.);
- Level 2: other inputs than those quoted princes included within Level 1, that are observable for that particular asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices); Level 2 instruments include in particular securities that cannot directly be quoted on the market (e.g. corporate bonds) and firm derivatives, with standard features and common maturities, whose value can be retrieved or derived from market data;
- Level 3: inputs that are not based on observable market data (unobservable inputs). Level 3 instruments include options traded over the counter and other derivatives with specificallytailored return profiles and/or maturities extended over the normal spectrum;

The following table shows an analysis of financial instruments recorded at fair value by level of the fair value hierarchy:

| 41.<br>Fair value (continued)                                                                                                                                                       |                    |                                         | (Amounts in thousands RON) |                      | as at and for the period ended March 31, 2025 |                                         |             |                      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|-----------------------------------------|----------------------------|----------------------|-----------------------------------------------|-----------------------------------------|-------------|----------------------|
|                                                                                                                                                                                     |                    | Group                                   |                            |                      |                                               | Bank                                    |             |                      |
| Assets measured at fair value                                                                                                                                                       | Level 1            | March 31, 2025 Unaudited (*)<br>Level 2 | Level 3                    | Total                | Level 1                                       | March 31, 2025 Unaudited (*)<br>Level 2 | Level 3     | Total                |
|                                                                                                                                                                                     |                    |                                         |                            |                      |                                               |                                         |             |                      |
| Financial assets<br>Derivative financial instruments                                                                                                                                |                    |                                         |                            |                      |                                               |                                         |             |                      |
| Interest rate swaps                                                                                                                                                                 | -                  | 23,286                                  | -                          | 23,286               | -                                             | 23,286                                  | -           | 23,286               |
| Currency swaps                                                                                                                                                                      | -                  | 14,152                                  | -                          | 14,152               | -                                             | 14,152                                  | -           | 14,152               |
| Forward foreign exchange contracts                                                                                                                                                  | -                  | 12,830                                  | -                          | 12,830               | -                                             | 12,864                                  | -           | 12,864               |
| Options                                                                                                                                                                             | -                  | -                                       | 35,492                     | 35,492               | -                                             | -                                       | 35,492      | 35,492               |
|                                                                                                                                                                                     | -                  | 50,268                                  | 35,492                     | 85,760               | -                                             | 50,302                                  | 35,492      | 85,794               |
| Financial assets at fair value through other comprehensive income                                                                                                                   | 11,824,065         | -                                       | -                          | 11,824,065           | 11,824,065                                    | -                                       | -           | 11,824,065           |
|                                                                                                                                                                                     |                    | -                                       | -                          | 5,020                | 5,020                                         | -                                       | -           | 5,020                |
| Equity investments (listed)                                                                                                                                                         | 5,020              |                                         |                            |                      |                                               |                                         | 4,560       | 4,560                |
| Equity investments (not listed)                                                                                                                                                     | -                  | -                                       | 4,560                      | 4,560                | -                                             | -                                       |             |                      |
|                                                                                                                                                                                     | 11,829,085         | -                                       | 4,560                      | 11,833,645           | 11,829,085                                    | -                                       | 4,560       | 11,833,645           |
|                                                                                                                                                                                     | 736,213            | 939,355                                 | -                          | 1,675,568            | 708,784                                       | 939,355                                 | -           | 1,648,139            |
| Other financial instruments held for trading                                                                                                                                        | 12,565,298         | 989,623                                 | 40,052                     | 13,594,973           | 12,537,869                                    | 989,657                                 | 40,052      | 13,567,578           |
|                                                                                                                                                                                     |                    | Group                                   |                            |                      |                                               | Bank                                    |             |                      |
|                                                                                                                                                                                     |                    | March 31, 2025 Unaudited (*)            |                            |                      |                                               | March 31, 2025 Unaudited (*)            |             |                      |
|                                                                                                                                                                                     | Level 1            | Level 2                                 | Level 3                    | Total                | Level 1                                       | Level 2                                 | Level 3     | Total                |
|                                                                                                                                                                                     |                    |                                         |                            |                      |                                               |                                         |             |                      |
|                                                                                                                                                                                     |                    |                                         |                            |                      |                                               |                                         |             |                      |
|                                                                                                                                                                                     |                    |                                         |                            |                      |                                               |                                         |             |                      |
| Interest rate swaps<br>Currency swaps                                                                                                                                               | -<br>-             | 130,605<br>15,207                       | -<br>-                     | 130,605<br>15,207    | -<br>-                                        | 130,605<br>15,207                       | -<br>-      | 130,605<br>15,207    |
| Forward foreign exchange contracts                                                                                                                                                  | -                  | 14,531                                  | -                          | 14,531               | -                                             | 14,531                                  | -           | 14,531               |
| Options                                                                                                                                                                             | -                  | -                                       | 35,612                     | 35,612               | -                                             | -                                       | 35,612      | 35,612               |
|                                                                                                                                                                                     | -                  | 160,343                                 | 35,612                     | 195,955              | -                                             | 160,343                                 | 35,612      | 195,955              |
| Total<br>Total<br>Liabilities measured at fair value<br>Financial liabilities<br>Derivative financial instruments<br>Total<br>Other financial instruments held for trading<br>Total | 314,082<br>314,082 | 661,547<br>821,890                      | -<br>35,612                | 975,629<br>1,171,584 | 314,082<br>314,082                            | 661,547<br>821,890                      | -<br>35,612 | 975,629<br>1,171,584 |

| BRD – Groupe Société Générale S.A.<br>NOTES TO THE CONDENSED CONSOLIDATED AND SEPARATE INTERIM FINANCIAL STATEMENTS<br>as at and for the period ended March 31, 2025<br>(Amounts in thousands RON) |                       |                              |             |                         |                       |                              |             |                         |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|------------------------------|-------------|-------------------------|-----------------------|------------------------------|-------------|-------------------------|
| 41.<br>Fair value (continued)                                                                                                                                                                      |                       |                              |             |                         |                       |                              |             |                         |
|                                                                                                                                                                                                    |                       | Group                        |             |                         |                       | Bank                         |             |                         |
| Assets measured at fair value                                                                                                                                                                      | Level 1               | December 31, 2024<br>Level 2 | Level 3     | Total                   | Level 1               | December 31, 2024<br>Level 2 | Level 3     | Total                   |
| Financial assets                                                                                                                                                                                   |                       |                              |             |                         |                       |                              |             |                         |
| Derivative financial instruments                                                                                                                                                                   |                       |                              |             |                         |                       |                              |             |                         |
| Interest rate swaps                                                                                                                                                                                | -                     | 35,248                       | -           | 35,248                  | -                     | 35,248                       | -           | 35,248                  |
| Currency swaps<br>Forward foreign exchange contracts                                                                                                                                               | -<br>-                | 46,120<br>21,945             | -<br>-      | 46,120<br>21,945        | -<br>-                | 46,120<br>21,945             | -<br>-      | 46,120<br>21,945        |
| Options                                                                                                                                                                                            | -                     | -                            | 38,556      | 38,556                  | -                     | -                            | 38,556      | 38,556                  |
|                                                                                                                                                                                                    | -                     | 103,313                      | 38,556      | 141,869                 | -                     | 103,313                      | 38,556      | 141,869                 |
| Financial assets at fair value through other comprehensive income                                                                                                                                  | 12,164,852            | -                            | -           | 12,164,852              | 12,164,852            | -                            | -           | 12,164,852              |
| Equity investments (listed)                                                                                                                                                                        | 4,649                 | -                            | -           | 4,649                   | 4,649                 | -                            | -           | 4,649                   |
| Equity investments (not listed)                                                                                                                                                                    | -                     | -                            | 4,559       | 4,559                   | -                     | -                            | 4,559       | 4,559                   |
| Total<br>Other financial instruments held for trading                                                                                                                                              | 12,169,501<br>809,797 | -<br>890,896                 | 4,559<br>-  | 12,174,060<br>1,700,693 | 12,169,501<br>777,739 | -<br>890,896                 | 4,559<br>-  | 12,174,060<br>1,668,635 |
| Total                                                                                                                                                                                              | 12,979,298            | 994,209                      | 43,115      | 14,016,622              | 12,947,240            | 994,209                      | 43,115      | 13,984,564              |
|                                                                                                                                                                                                    |                       |                              |             |                         |                       |                              |             |                         |
|                                                                                                                                                                                                    |                       | Group                        |             |                         |                       | Bank                         |             |                         |
| Liabilities measured at fair value                                                                                                                                                                 | Level 1               | December 31, 2024<br>Level 2 | Level 3     | Total                   | Level 1               | December 31, 2024<br>Level 2 | Level 3     | Total                   |
|                                                                                                                                                                                                    |                       |                              |             |                         |                       |                              |             |                         |
| Financial liabilities                                                                                                                                                                              |                       |                              |             |                         |                       |                              |             |                         |
|                                                                                                                                                                                                    |                       | 151,439                      | -           | 151,439                 | -                     | 151,439                      | -           | 151,439                 |
| Derivative financial instruments                                                                                                                                                                   |                       |                              |             | 11,324                  | -                     | 11,324                       | -           | 11,324                  |
| Interest rate swaps                                                                                                                                                                                | -                     |                              |             |                         |                       |                              | -           | 10,937                  |
| Currency swaps<br>Forward foreign exchange contracts                                                                                                                                               | -<br>-                | 11,324<br>10,937             | -<br>-      | 10,937                  | -                     | 10,937                       |             |                         |
| Options                                                                                                                                                                                            | -                     | -                            | 38,672      | 38,672                  | -                     | -                            | 38,672      | 38,672                  |
| Total<br>Other financial instruments held for trading                                                                                                                                              | -<br>226,548          | 173,700<br>85,090            | 38,672<br>- | 212,372<br>311,638      | -<br>226,548          | 173,700<br>85,090            | 38,672<br>- | 212,372<br>311,638      |

## 41. Fair value (continued)

## Financial instruments measured at fair value

The following is a description of the determination of fair value for financial instruments which are recorded at fair value using valuation techniques. These incorporate the Group's estimate of assumptions that a market participant would make when valuing the instruments.

Treasury notes are represented by treasury bills and bonds and are classified as financial assets at fair value through other comprehensive income or financial instruments held for trading measured at fair value through profit and loss, being measured using a valuation technique based on market quotes published by Bloomberg or by Reuters (market approach).

## Derivatives

The fair value of the derivatives is determined using valuation techniques commonly known on the market, such as discounted cash flows for swaps or Black-Sholes formula for options.

Firm derivatives – interest rate swaps, currency swaps and forward foreign exchange contracts are the main derivative products measured using as valuation technique the income approach (discounting cash flows) and incorporating observable inputs from market (foreign exchange spot rate, forward rates, interest rate rates, futures), both directly observable ones (explicit parameters) and indirectly observable ones.

The directly observable parameters are variables that come directly from the market and are presumed to be easily available, accessible to each market participant. The main explicit parameters used in valuation of firm financial instruments are interbank fixing FX rates published by NBR, interbank swap points, interbank bid/ask interest rates, futures quotes on EUR and USD. Implicit parameters are variables obtained through standard intermediary calculation, using market prices for relevant financial instruments. The yield curves designated at the level of each product and currency are fed with explicit parameters according to the pre-set configuration, facilitating the computation of implicit parameters used in computing the fair value such as Zero-coupons, Discount Factors and Forward Interest Rates.

Conditional derivatives - FX options, interest rate options and equity options are valued daily, using the mark-to-model approach. The model is calibrated to derive the value of the option based on the current market conditions (spot rates) and the future values presumed to be attained by the underlying (forward exchange rates, FRAs etc.), integrating in the calculation the standard option-sensitivities (delta, gamma, vega, theta), along with information regarding the size of the positions and the liquidity of the instrument. The fair value is determined through SG's computation module, the values of the specific parameters being daily retrieved from the market and stored in the database, serving as direct input in the daily final formula or further used for the statistical calculation implied by the valuation process.

The Bank manages the group of these financial assets and liabilities (options) based on the entity's net exposure to a particular market risk (foreign exchange, interest rate, price risk) and, according to the trading book policy in place, The Bank assumes no residual market risk induced by option-trading. Any bought option is perfectly matched on the same day with a sold option, identical in terms of option type, underlying, exercise prices, maturity. The perfect back-to-back system is subject to daily controls performed at backoffice level, to ensure that no mismatch occurred and there is no residual open position on options. Therefore, the impact of a specific change on the estimated value on one non-observable parameter used on the valuation of an option classified/accounted as financial asset is offset by same specific change on estimated value of the same non-observable parameter on the valuation of the mirror-replicated option classified/accounted as financial liability.

## 41. Fair value (continued)

## Equities

These assets are valued using models which sometimes only incorporate data observable in the market and at other times use both observable and non-observable data. The non-observable inputs to the models include assumptions regarding the financial performance of the investee.

The fair value of equity instruments not listed classified as of fair value through profit and loss and consisting of ordinary shares of other entities is determined by using the net assets of the entities as of the end of the last closed reporting period. The entities net assets represent the best estimation of the current replacement cost that would be paid to replace the holding as it consists of the initial capital investment adjusted by the financial performance of the entity. Options (A) Options (L)

## Movement in level 3:

Fair value of equity investments not listed is estimated based on net assets of the investments.

|                                                |              | Group / Bank |          |
|------------------------------------------------|--------------|--------------|----------|
|                                                | Equity       |              |          |
|                                                | investments  |              |          |
|                                                | (not listed) |              |          |
| Closing balance as at December 31, 2023        | 3,919        | 43,858       | 44,011   |
| Acquisitions                                   | 347          | 15,304       | 15,304   |
| Sales                                          | (286)        | (496)        | (496)    |
| Reimbursements                                 | -            | (6,404)      | (6,404)  |
| Gain losses from change in fair value          | 579          | (13,706)     | (13,743) |
| Closing balance as at December 31, 2024        | 4,559        | 38,556       | 38,672   |
| Acquisitions                                   | -            | 9,453        | 9,453    |
| Sales                                          | -            | (915)        | (915)    |
| Reimbursements                                 | -            | (5,027)      | (5,027)  |
| Gains/losses from change in fair value         | 1            | (6,575)      | (6,571)  |
| Closing balance as at March 31, 2025 Unaudited | 4,560        | 35,492       | 35,612   |

## 42. Capital and liquidity management

#### Capital management

The Bank calculates the capital requirements in accordance with Basel III principles, implemented in the European Union law by the capital Directive (CRD IV - 36/2013), Regulation (CRR – 575/2013), technical regulatory standards and technical implementation standards issued by the European Banking Authority, with all subsequent amendments as of date. Locally, the European requirements are also adopted through National Bank of Romania (NBR) prudential regulations for credit institutions and investment firms: OUG 99/2006 on credit institutions and capital adequacy and NBR Regulation no. 5/2013 regarding prudential requirements.

Group and Bank's own funds comprises Tier 1 and Tier 2 capital. Two subordinated loans in total amount of 250 million EUR (received in December 2021 and June 2022) are included as Tier 2 capital.

Tier 1 capital includes CET 1 capital, namely eligible capital, eligible reserves and other comprehensive income less regulatory deductions.

## 42. Capital and liquidity management (continued)

A summary of the capital requirements indicators is presented below, in million RON:

| (Amounts in thousands RON)                | as at and for the year ended December 31, 2024 |                      |
|-------------------------------------------|------------------------------------------------|----------------------|
|                                           |                                                |                      |
|                                           |                                                |                      |
|                                           | Bank<br>Unaudited (*)<br>March 31,<br>2025     | December 31,<br>2024 |
| Total Tier 1 capital                      | 8,920                                          | 8,971                |
| Total Tier 2 capital                      | 1,244                                          | 1,244                |
| TOTAL OWN FUNDS                           | 10,165                                         | 10,215               |
| Total capital requirement                 | 2,944                                          | 2,840                |
| Credit risk (including counterparty risk) | 31,744                                         | 32,825               |
| Market and CVA risk                       | 264                                            | 310                  |
| Operational risk                          | 4,793                                          | 2,371                |
| Total risk exposure amount                | 36,801                                         | 35,506               |
|                                           | 27.62%                                         | 28.77%               |
| Regulatory CAR                            |                                                |                      |

The Bank was compliant with the capital adequacy ratios throughout the year.

Starting with July 2024 the Bank applied art. 468 of CRR3 (OCI – quick fix, as per Regulation (EU) 2024/1623) regarding the temporary treatment of unrealized gains and losses resulting from the valuation of assets at fair value through OCI.

The figures as at March 31, 2025 are preliminary figures in accordance with CRR as modified by Regulation (EU) 2024/1623 ( i.e. CRR 3 regulation).

#### Liquidity management

As of March 31, 2025 the Bank has complied with all the regulatory requirements regarding liquidity management. The Bank has a solid and diversified deposits base, with 66% in retail deposits and 87% of customer deposits in total liabilities.

The Bank uses external funding, which is provided by Société Générale to answer MREL and capital requirements. At the end of March 2025 the amount of funding is in amount of 1,100,000 KEUR, which consist from 850,000 KEUR of SNP and 250,000 KEUR of subordinated loans. The NSFR was above the regulatory limits as of March 31, 2025.

The structure of funding base confirms the stability of funding resources and a proper calibration to minimize potential impacts of liquidity crisis on bank's liquidity situation. The stress testing exercise shows a solid level of LCR, well above the regulatory threshold. The Bank holds sufficient liquidity buffer to cover the outflows under the combined scenario. The unencumbered high-quality assets, eligible as collateral for funding attraction is at 32% of customer resources. The follow up of the liquidity buffer is done on a daily basis as part of the daily liquidity dashboard which allows to properly monitor its sufficiency.

At the end of March 2025 all liquidity ratios are within the thresholds and limits according to approved risk appetite statement and at the same time in compliance with regulatory requirements, being well above minimum levels.

#### 43. Subsequent events

No subsequent events were identified after the reporting period.