The expansion of Banca Transilvania has resulted in enhanced synergies, benefiting both our customers and the bank. This allows us to serve more effectively those who choose to bank and grow with us.

Another important fact for 2024 is the consistent and constant increase in transaction volumes that run through BT, generating efficiency and synergies that we pass on to our clients, as we are a universal bank with a network of 530 branches and banking solutions for all customer categories.

We have successfully ensured comprehensive coverage across all businesses, segments and geographies. Our size helps us to address the large corporate market better and on a much larger scale, with a particularly good year in this business area. Our commitment to entrepreneurs remains unwavering, with the belief that the prosperity of Romania is closely tied to the success of its SMEs. In retail we have all types of customers ranging from young individuals opening their first bank accounts to those securing home loans through BT financing. We aim to enhance our presence in the private banking and premium segments by leveraging synergies at the Group level through the effective provision of asset management, brokerage, funds, leasing and pension services. 

We recognize the vital role that large financial institutions play in Romania's economic landscape. Their ability to provide financing at lower costs and in larger volumes not only facilitates the growth of large corporations but also ensures profitability across various industries and translates into more affordable borrowing options for our customers. Banca Transilvania remains a key player in this sector.

BT Group companies are another area of growth for us. 2024 has been a highly active year for us in terms of acquisitions, integrations and mergers, both in Romania and in the Republic of Moldova.

The most significant milestone was the acquisition of OTP Bank Romania and of the other OTP Group companies in Romania. The first merger took place last year, when OTP Leasing Romania became BT Leasing. In 2024, BT also received approval from the Financial Supervisory Authority to acquire OTP Asset Management. It will remain a stand-alone company, part of the Banca Transilvania Group, focused on alternative investment fund management. It will have a new brand identity, to be announced in 2025, and will reposition itself in the market with a range of distinct products and services. In February 2025, Banca Transilvania merged with OTP Bank Romania, after an integration completed in record time, in just seven months.

Last year, Banca Transilvania and BT Investments reached an agreement with BRD-Groupe Société Générale and Société Générale Assurances to acquire BRD Pensii, a company active in Romania, in the field of mandatory (Pillar II) and voluntary (Pillar III) private pensions. The acquisition requires the approval of the Financial Supervisory Authority in Romania, which is expected in the first part of 2025.

In line with our strategy to expand our business model and capitalize on growth opportunities in the Republic of Moldova, we also successfully expanded our operations: Victoriabank, part of the Banca Transilvania Group, acquired BCR Chisinau in March 2024, and the two banks merged in February 2025. This was a milestone in the neighboring country - the first time a local bank acquired another bank in Moldova.

We started the year on solid ground.

We will focus on our customers, including on Romanians in the diaspora, while leveraging our vertical and horizontal integration at the Group level - we have all the essential business lines, an extensive network and self-banking solutions, as well as banking-related companies. The year 2025 is particularly significant as we surpass 5 million customers and achieve a 23% market share. In view of these figures and our goals, we are calling it the year of the customer, but the year of the customer is every year.

We approach the market as a whole, looking for opportunities both for BT and for Romania to catch up with the West. We have key advantages, such as: the size of the country, the quality of human capital, the diversity of natural resources. Moreover, thanks to our European integration, Romania will be an increasingly important player in the region. Our country has the potential to double the share of banking assets in GDP in the long term, which will contribute to BT Group's growth.

We remain optimistic about the future, but also cautious in the face of a volatile environment with many domestic and international challenges. We will continue to invest in technology, innovation and products through the bank and the BT Group. This will allow us to be as efficient as possible and to continue financing the Romanian economy.

Thank you for your trust,