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

The structure of the Credit and Risk Committee at agency level, both for natural persons andlegal persons, is the following:- Head of agency;- SME advisor (credit analyst) / retail advisor.The decision to grant lending competences is valid as long as the head of agency is present;otherwise the credit documentation is submitted for approval to the Credit and RiskCommittee of the Branch.The SME advisor and the Retail Banking advisor may replace one another, when one of themis missing.Cost Control Committee (CMC):The Cost Control Committee has been created at the initiative of the Executive ManagementCommittee. The membership of the Cost Control Committee is the following: chairman:Financial Manager; members: General Manager; Executive Manager (COO); Head of theOffice for Financial Analysis; Manager of Investments and Logistic department (in positionof executive secretary of the committee).The committee meets at least once a month or whenever it is necessary.The committee has the following responsibilities: examination of effective operating costs percomponents, with focus on the segments incurring the highest expenses, identification ofcauses for unjustified costs, making proposals and decisions for cost reduction.Operations Steering Committee (OSC)OSC is responsible for coordinating, recommending and reviewing changes in variousoperational areas in order to streamline BT’s activity.The committee members are: General Manager, Deputy General Manager, ExecutiveManager - COO, Executive Manager - Retail Banking, Executive Manager - Corporate andSME clients/ Business Banking Manager, Project Management and IT managers.Any department manager within BT Head Office may attend the meetings of OSC.. Mr. Nicolae Tarcea as legal representative of Banca Transilvania, I declare that BancaTransilvania fulfils the corporate governance regime in force in Romania.80