After 20 years of presence in Romania, OTP Group sells OTP Bank Romania to Banca Transilvania, the leader of the Romanian banking market.

Banca Transilvania signed today with OTP Group an agreement for the acquisition of 100% of the shares it holds in OTP Bank Romania. As a result of this agreement, OTP Group is selling its subsidiaries in Romania, marking its exit from the Romanian market. The completion of the transaction is estimated in a few months, after receiving approvals from the NBR and the Competition Council. The total price of the transaction to be paid by Banca Transilvania is 347.5 million euros.

After receiving the authorities' approvals, Banca Transilvania will merge with OTP Bank Romania. OTP Group will ensure as smooth a transition as possible for customers and employees until the integration into the Banca Transilvania Group is completed. Until then, OTP Bank Romania and its subsidiaries will continue to honor their commitments to customers and provide services at the highest level. At this stage, OTP Bank Romania's customers do not need to take any action; they will benefit from the same conditions as before in their relationship with OTP Romania. The bank maintains its commitments to the Bethlen Gabor Foundation and will continue to collaborate with its clients under existing terms and conditions, including services offered in multiple languages/bilingually where necessary.

Horia Ciorcilă, President of the Board of Directors of Transilvania Bank, declares: For the Banca Transilvania Group, the acquisition of OTP Group's business in Romania is an opportunity to strengthen our market-leading position and contribute to the consolidation of the banking market in Romania. We continue our ambitious plans for the organic growth of the bank, while maintaining interest in future acquisition opportunities. We thank the OTP Group team for what they have built in our country and for the pragmatic discussions that led to positive results. We welcome OTP Bank Romania's clients and employees to BT.

Sándor Csányi, President and CEO of OTP Bank, states: Our bank has traveled a long way, 20 years, in Romania, during which time we have recorded significant organic growth, but for us it has become increasingly clear that we cannot achieve our strategic growth objective without acquisitions, and in the future we see few prospects in this regard. I am confident regarding OTP customers, that they will continue to benefit from high-quality services and modern financial products. Thanks to the OTP Bank Romania team, management colleagues, for dedication and hard work, which have been the foundation of the bank's growth and the quality standards offered.

OTP Bank Romania is a universal bank. Since 2004, OTP Bank, one of the fastest growing banking groups in Central and Eastern Europe, has been the significant shareholder of OTP Bank Romania. OTP Bank Romania has a 2.64% market share based on assets, nearly 420,000 individual clients, over 22,000 Corporate and SME clients, 1,800 employees, and 96 branches.

Transilvania Bank is the largest bank in South-Eastern Europe. As a universal bank, it covers all segments and business lines in the financial sector. It has a 20% market share, over 4 million clients, approximately 10,000 employees, state-of-the-art online banking solutions, and a strong network of branches at the national level.

Consultants of Transilvania Bank in this transaction were: Barclays Bank Ireland PLC (financial consultant), Filip & Company (legal consultant) and PwC Romania (due diligence consultant).

Contact details:

Transilvania Bank: comunicare@btrl.ro; investor.relations@btrl.ro

OTP Group: kommunikacio@otpbank.hu