Ohridska Banka AD Skopje : 2015 – a year of excellent operating performance and financial results

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PRESS RELEASE

Skopje, 12 May 2016

2015 - A YEAR OF EXCELLENT OPERATING PERFORMANCE AND FINANCIAL RESULTS OF OHRIDSKA BANKA SOCIETE GENERALE GROUP

On May 12, 2016 Ohridska Banka Societe Generale held the annual shareholders assembly. The shareholders haveconfirmedandadoptedtheresultsandfinancialreportsofthe Bank for thefiscal 2015.

Facingthechallenges of the Bankingsectorgeneratedbythedomestic economyandthesocio-politicalenvironment, Ohridska Banka Societe Generale maintained its operational focus and dedication towards its strategic operational priorities inbothcivilandbusiness sectors.

As the result of that, the Bank has achieved Net earnings of 399,4 million denars, or 72% better performance comparedtothe 2014 results.

This achievement is not onlya confirmation of the continuity of operational performance of the Bank, but also strongly represents and defines the strategic orientation of the Bank to maintain and improve its position in the banking sector in Republicof Macedonia.

Continuous and stable growth trend of Bank's performance has been also achieved in the following operating categories:

1. Growthin Loansplacement 15% Vs. PY

2. Increaseof Bank's Assets 3,7% Vs. PYand

3. Liabilities/Income Ratio- 50,6%

Ohridska Banka Societe Generalethroughitsoperationalactivitieshascontributedtotheoverallloan placementinthe bankingsectorwithashareof 12,3% in thetotalgrowthoftheloans of non-financial subjects.

Тhis growth in credit activity is achieved while retaining quality of the loan portfolio with a low percentage of non- performing loans, which amounted 7.2 %, which is significantly lower in comparison to the average for the banking sector.

Balance sheet of the Bank equals 33 billion denars, reflecting a stable trend compared to the business planning parametersandunderlininga 3,7% growth comparedtothe 2014 result.

The participation of the Loans from International financial institutions in the total source of assets of Ohridska

Banka Societe Generale maintained its stable performance with levels of 15,7%, confirming the long-term orientationfordiversificationofthe Bank'sportfolio of loanfinancingresources.

For Ohridska Banka Societe Generale 2015 wasthemostsuccessful year of its existence, withbestfinancialresultso far. The Bank managed to continue its successful story and to improve the performances from year to year. The constant positive results are due to the growth of commercial activities in all business segments. These results show clear picture for the potential for sustainable growth of the bank, aswell as capacityto implement theplan in the frame ofsetgoalsfor 2016.

Besides the commitment towards basic operational activities, Ohridska Banka Societe Generale started a process of transformation in order to increase its efficiency, productivity and its position in the Bank - Client relationship. The achieved results are only a confirmation that this process is more than a success, and that it will be continued in the periodtocome.

"Achieved results and successful financial performance in 2015 are a confirmation of our effort, dedication and professional approach in the orientation of Ohridska Banka Societe Generale to strengthen its position in the Macedonian Banking sector, and by doing that, to create a solid platform for continuous growth and development. We remain dedicated to our commitment to achieve the projected results by further development of Bank, implementation of innovative projects for sustainable growth andportfolio of services, whilst maintaining the high level of client satisfaction." - stated Branka Pavlovic, President of the Managing Board of Ohridska Banka Societe Generale.

As a result of such outstanding performance and exceptional financial results, for the first time since the acquisition of Ohridska Banka by Societe Generale Group in 2007 and in accordance with the decision of the Shareholders assembly, 10% of achieved net earnings for 2015, equivalent value of 39,9 million denars, 91 denars gross amount persharewillbepaidasdividend to theshareholdersof Ohridska Banka Societe Generale.