BANCA TRANSILVANIA S.A. Romanian joint-stock company ...

After temporary downward pressure on headline inflation in the first half of the year, inflationincreased to 5.4% in September. Going forward, annual inflation is currently projected toaverage 4.9% in 2013 and 3.3% in 2014.6.5. The basis for any statements made by the Issuer regarding its competitiveposition.While maintaining position within a difficult economic environment, Banca Transilvania hasfocused on finding the right financial solutions for customers, thus offering improved servicesthat are adapted to the current market conditions.7. THE ORGANIZATIONAL STRUCTURE7.1. If the Issuer is part of a group, a brief description of the group and of the Issuer’sposition within it.Banca Transilvania Financial GroupThis Financial Group was established in 2003 and it is made up of 16 companies. BancaTransilvania is the main component of the group, promoting a strategy of expanding the rangeof financial services offered to customers.The Group operates in financial sectors such as banking, investment management, consumerfinance, leasing and security trading. The full spectrum of financial products, both bankingand those provided by the Group’s subsidiaries, are offered to clients through a uniquedistribution network under the far-famed BT logo.On the savings segment, in addition to traditional products, the offer also includes assetmanagement (BT Asset Management) created both for the retail market, as well as forexclusive customers, interested in customized premium products and services. Consequentlythere are excellent professional relations with high income customers, some of which areconducted by means of the Private Banking division. The offer of products is completedthrough the activities of brokerage (BT Securities) and leasing (BT Leasing), as viableoptions for direct investments or flexible financing. The credit offensive in the retail area issupported by consumer finance (BT Direct), offering easy access to potential customersthrough the distribution networks of consumer goods.Special attention is given to the medical sector, both through the existence of a specializedbanking division (Healthcare Division) and through the direct financing of various specificneeds (BT Medical Leasing). A general feature for all lines of business is represented by thegreat desire to serve clients, from the retail sector, private banking, small and medium59