2008 RESULTS2008 RESULTS

12 Feb 200912 Feb 2009PRESS CONFERENCEPRESS CONFERENCE

2

2008: Another satisfactory year in a troubled environment

2008 RESULTS2008 RESULTS

nominal

Net banking income 3,199 27%

Operating profit 1,841 31%

Net consolidated profit (*) 1,138 22%

Net consolidated profit with Asiban 1,364 46%

Net profit (BRD stand alone) 1,127 23%

Net profit with Asiban (BRD stand alone) 1,353 48%

(*) BRD + BRD Sogelease + BRD Finance+ BRD Securities

Evolution08/07

2008 MRON

3

I. Activity: BRD has continued its development in 2008 and shown a strong resilience

II. General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

III. Risks: the net cost of risk is one of the lowest of the banking system

IV. Performances:• Stay at high level in spite of the difficult environment• BRD Stock price suffers from the financial crisis due to the very low

volume of the stock market

AGENDAAGENDA

4

An expanding clientele

1,366

2,259 2,430

1,622

1,982

2004 2005 2006 2007 2008

CLIENTSCLIENTS

ActivityActivity

Individual Clients (*)(x 1 000)

Corporate Clients (*)(x 1 000)

(*) Clients having performed transactions during the past three months

115

99 110

146

162

2004 2005 2006 2007 2008

5

Network: maintaining the expansion…

NETWORKNETWORK

ActivityActivity

• 751 branches opened since June 2003.

• Mainly next door banking: small customer oriented units (BRD Express).

Number of branches(end of period)

212

326

600

806

930

2004 2005 2006 2007 2008

+114

+274

+124

+206

• In 2008 expansion continued but at lower pace and 2009 will mark a pause in the development.

BRD Express

6

ActivityActivity

806 agencies at the end of 2007

+ 124 agencies opened in 2008

NETWORKNETWORK

… and covering all areas with growth potential

44 + 932 + 7

69 + 1

32 + 2

32 +332 + 12

44 + 4

109 + 20

28+ 2

57 + 14

35 + 2

38 + 2

34 + 3

50 + 2

82 + 8

59 + 18

29 + 15

VALAHIA

7

6,997

10,464

18,715

26,905

34,260

2004 2005 2006 2007 2008

Continuation of growth in spite of the crisis

8,587

14,681

19,667

27,01128,552

2004 2005 2006 2007 2008

DEPOSITS / LOANSDEPOSITS / LOANS

ActivityActivity

Loans to customers(BRD consolidated)(end of year, MRON)

Individuals48%

Corporates52%

Customers’ deposits(BRD consolidated)

(end of year, MRON)

Individuals46%

Corporates54%

+ 37%

+ 6%

+ 44%

+27%

8

19%

25%

16%40%

TOTAL COMMITMENTSTOTAL COMMITMENTS

ActivityActivity

A continuous and powerful contribution to the economic activity

Individuals

17.4

Large corporate8.2

Mediumenterprises

10.8

Small

enterprises

7.1

Total commitments = 43.5 bnRON

Structure of total commitments as at 31 Dec 2008

-

-

-

-

-

-

7.0 10.5

18.7

26.9

34.3

2.4

3.2

4.8

7.3

9.2

8%6%4%

8%8%

2004 2005 2006 2007 2008

Loans (bnRON)

Off B/S commitments (bnRON)Romanian GDP growth (%)

9

Consumer finance (BRD Finance): strong growth in consumer creditConsumer finance (BRD Finance): strong growth in consumer credit

526575

-

162

445

83

314

82

24

42

2004 2005 2006 2007 2008

FOCUS ON SUBSIDIARIESFOCUS ON SUBSIDIARIES

Balances of loans to customers(MRON)

• Maintaining good results in a highly competitive market

ActivityActivity

• Strong growth in balances +129 MRON (+21% vs. 31 Dec 2007).

points of sale financing

cards revolving

Clients (x 1000) 50 233 342 408 410

10

1,372

1,037

566

409

714

2004 2005 2006 2007 2008

ActivityActivity

Leasing (BRD Sogelease) – vendor and equipment finance

FOCUS ON SUBSIDIARIESFOCUS ON SUBSIDIARIES

Customer balances (MRON)

A strong growth since inception

A key player in corporate asset financing (3rd rank among leasing bank affiliates)

x 3.4

+32%

A well balanced portfolio

11

4,828

172

2,616

1,551 207

13514

65

31 Dec 2005 31 Dec 2006 31 Dec 2007 31 Dec 2008

Operational vehicle leasing and fleet management (ALD)Operational vehicle leasing and fleet management (ALD)

FOCUS ON SUBSIDIARIESFOCUS ON SUBSIDIARIES

• Still an emerging business in Romania, servicing both SME’s and large corporates

ActivityActivity

Vehicles under

management (number)

Corporate clients

(number)

• A good start (July 2005), leveraging on ALD International – member of SG Group – expertise (2nd European player)

• Fleet under management +2,212 vehicles in one year (+85%)

12

668 770 919 1,188 1,441

351 487 645

989 1,297

63 146 208 334 461

2004 2005 2006 2007 2008

NET BANKING INCOMENET BANKING INCOME

ActivityActivity

Solid increase in revenues Net banking income (BRD consolidated)

MRON)

Commissions

Interest

margin

FX and

others

• Net banking income +27% vs. 2007

• Interest margin +21% vs. 2007

• Commissions +31% vs. 2007

• FX and others +38% vs. 2007

• Commisions contributed with 41%

to 2008 NBI

• 2008 NBI from Corporates

customers 46% in total NBI, from

individuals 38%

1,082 1,403 1,772 2,512 3,199

668 770 919 1,188 1,441

351 487 645

989 1,297

63 146 208 334 461

2004 2005 2006 2007 2008

2008 - Exceptional result from Asiban not included

13

I. Activity: BRD has continued its development in 2008 and shown a strong resilience

II. General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

III. Risks: the net cost of risk is one of the lowest of the banking system

IV. Performances:• Stay at high level in spite of the difficult environment• BRD Stock price suffers from the financial crisis due to the very low

volume of the stock market

AGENDAAGENDA

14

2923

6469

67

20082007200620052004

EXPENSESEXPENSES

General expensesGeneral expenses

Pursuing a strong investment effort

Investments (MEUR)

Real estate

IT

Other

20

19

25

15

5,636 4,539

7,286

8,489 9,443

2004 2005 2006 2007 2008

General expensesGeneral expenses

EMPLOYEESEMPLOYEES

Employees (end of year - consolidated)

Pursuing the recruitment effort but at slower pace and a strict management of administrative expenses

+954

16

577

751

911

1,406

1,841

42%

44%49%48% 47%

53%

2004 2005 2006 2007 2008

GROSS OPERATING INCOMEGROSS OPERATING INCOME

Low cost/income ratio despite ongoing commercial investment

Accelerated growth of Gross Operating Income

2008: Maintaining a high increase in revenues

Gross Operating Income(BRD consolidated)

(MRON)

Operating

ratio

2008 - Exceptional result from Asiban not included

17

AGENDAAGENDA

I. Activity: BRD has continued its development in 2008 and shown a strong resilience

II. General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

III. Risks: the net cost of risk is one of the lowest of the banking system

IV. Performances:• Stay at high level in spite of the difficult environment• BRD Stock price suffers from the financial crisis due to the very low

volume of the stock market

18

Limited increase of the cost of credit risk

14 b.p.

137 b.p.

110 b.p.

66 b.p. 74 b.p.

83 b.p.

16 b.p.

34.326.9

18.710.57.0

2004 2005 2006 2007 2008

COSTCOST OF RISK OF RISK

RisksRisks

From the Net Cost of Risk of 2008

16 b.p. represents “regulatory

impact”

The BRD’s credit risk rate is lower

than the banking system:

On balance sheet: 3.86% (6.52% total

banking system)

On and off balance sheet: 4.18%

(7.67% total banking system)

Net Cost of Commercial Risk/Commitments (BRD consolidated)

Total Loans(bnRON)

19

I. Activity: BRD has continued its development in 2008 and shown a strong resilience

II. General expenses : in spite of important investments, they have been well controlled and even frozen in the middle of the year

III. Risks: the net cost of risk is one of the lowest of the banking system

IV. Performances:• Stay at high level in spite of the difficult environment• BRD Stock price suffers from the financial crisis due to the very low

volume of the stock market

AGENDAAGENDA

20

PROFIT AND LOSS ACCOUNTPROFIT AND LOSS ACCOUNT

PerformancesPerformances

2008: Another satisfactory year in a troubled environment

(*) BRD + BRD Sogelease + BRD Finance + BRD Securities

MRON - RAS 2007 2008Evol. 08/07

nominal

Net banking income 2,512 3,199 +27%

Operational costs -1,105 -1,358 +23%

Operating profit 1,407 1,841 +31%

Cost of risk -298 -484 +62%

Income tax -177 -220 +24%

Net consolidated profit (*) 932 1,138 +22%

Net consolidated profit with Asiban (*) 932 1,364 +46%

Net profit (BRD stand alone) 917 1,127 +23%

Net profit with Asiban (BRD stand alone) 917 1,353 +48%

21

2,389

3,549

1,514

1,923

4,318

226

32.8%30.4%

35.4%35.9%38.3%

2004 2005 2006 2007 2008

PerformancesPerformances

RETURN ON EQUITYRETURN ON EQUITY

Financial strength and strong recurrent profitabilityFinancial strength and strong recurrent profitability

BRD + BRD Sogelease + BRD Finance + BRD Securities

• Equity – 95% increase over the last two years, due to the excellent increase in net profit (+66% vs. 31 Dec 2006).

Total B/S as of 31 December 2008 : 51.4 bnRON

Equity before distribution (MRON)

Net profit from Asiban

ROE (%)

22

7,673

3,147

1,834

5,788

6561,218

9,265

5,913

2,540

17.5

1.01.9

3.5

5.4

11.3

24.5

16.9

7.14

0

500

1000

1500

2000

2500

2001 2002 2003 2004 2005 2006 2007 2008 2009*

BRD share price above BET index

STOCKMARKET PRICESTOCKMARKET PRICE

Performances - Stock pricePerformances - Stock price

Evolution on the Stock Exchange average price(area 2008 – the 100 basis in 2001)

BET RON

BRD RON

Market capitalisation at 09.02.2009 = 928 MEURMarket capitalisation at 09.02.2009 = 928 MEUR

*01.01 – 06.02.2009

23

2008 MRON nominal

Net banking incomeNet banking income 3,199 27%

Operating profitOperating profit 1,841 31%

Net consolidated profit (*)Net consolidated profit (*) 1,138 22%

Net profit Net profit (BRD stand alone)(BRD stand alone) 1,127

48%

(*) BRD + BRD Sogelease + BRD Finance+ BRD Securities

Evolution 08/07

2008: Another satisfactory year in a troubled environment

2008 RESULTS2008 RESULTS

Net consolidated profit with AsibanNet consolidated profit with Asiban

Net profit with Asiban Net profit with Asiban (BRD stand alone)(BRD stand alone)

1,364

1,353

46%

23%