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

BT Asset Management SAI SAThe company is specialized in the management of assets, with activities in the field of closedendand open-end fund administration. The shareholding structure is the following:• Banca Transilvania 80%• SIF Banat Crisana 10%• SIF Oltenia 10%At the end of 2011, the company was 4 th amongst investment fund administrators, with amarket share of 4.33 % and over 8,000 active investors. More than half the number ofinvestors chose the fixed-income product (BT Obligatiuni), an excellent alternative to savingsaccounts. At the end of 2011, the assets under management reached lei 295.9 thousand, on therise by more than 13% as compared to 2010.BT Asset Management offers a complete range of products and investments, such as fixedincomefunds or stock funds. Customers can invest on the capital market both in Romania andAustria, using either Ron or Euro. The continuous trend of significant increase in the value ofassets managed in 2011 occurred in the context of preserving the attractiveness of products,attractiveness given by the efficiency reported within a good economic environment whichstill remains difficult.BT Direct IFN SABT Direct was established in 2003, as a limited liability company under Romanian laws, withregistered offices in Cluj-Napoca. During the General Shareholders Meeting of July 4, 2006,it was decided to turn BT Direct from a limited liability company into a non-bank financialinstitution, in order to comply with provisions related to its operations.BT Direct offers financing services for the purchase of durable goods through related creditagreements and credit for personal use.In 2011 there were 11.613 contracts, 8.871 of which had related credit agreements, amountingto 18.1 million lei, respectively 2.760 credit contracts for personal needs, amounting to 20.2million lei. BT Direct signed cooperation agreements for financing active customers with anumber of 738 shops. The total value of revenues for 2011 increased by 16 % compared tothe value achieved in 2010, the company registering positive annual results.BT Investments SRLBT Investments was established in 2002 by the Bank for the purpose of granting contractloans. In 2006, the company redefined its activity based on NACE code 6619 - Otheractivities auxiliary to financial services, except insurance and pension funding. Since itsestablishment, the share capital increased successively by means of capital inflow orcapitalization of reserves, reaching 50,939 thousand lei as at December 31, 2011.62