Terms & Conditions RBG.6-T-001. Terms & Conditions. A. Accounts RBG.6-T-001

Transcription

1 RBG.6-T-001 Terms & Conditions Terms & Conditions A. Accounts 1. Current Accounts 1.1 Currencies LEK, USD, EUR, CHF, GBP, AUD, CAD 1.2 Account Opening Free of Charge 1.3 Account Maintenance Business 300 ALL (2.5 Eur/Usd/Gpb/Chf/Aud/Cad) / monthly Individual 150 ALL (1.5 Eur/Usd/Gpb/Chf/Aud/Cad) / monthly Classic Salary 100 ALL (1 Eur/Usd/Gpb/Chf/Aud/Cad) / monthly Super Salary, Loan, student (under 23), retiree (women over 60/men over Free of Charge 65) & other projects 1.4 Account Closing 1'500 Lek (or equivalent) Loan, salary, student (under 23), retiree (women over 60/men over 65) & 500 Lek (or equivalent) other projects 1.5 Minimum Balance Business 5'000 Lek, 50 Eur/Usd/Gbp/Chf/Aud/Cad Individual 1'500 Lek, 15 Eur/Usd/Gbp/Chf/Aud/Cad Loan, salary, student (under 23), retiree (women over 60/men over 65), 0 farmer & other projects Loan account for Fondi Besa customers* 100 ALL (1 Eur/Usd/Gpb/Chf/Aud/Cad) / monthly * Loan account for Fondi Besa customers are subject of standart terms and conditions for retail Customers except minimum balance. 1.6 Account Statement Business 1 per week Free of Charge Others 300 Lek, 3 Eur/Usd/Gbp/Chf/Aud/Cad Individual 1 per month Free of Charge Others 200 Lek, 2 Eur/Usd/Gbp/Chf/Aud/Cad Delivery by Free of Charge Budgetary Free of Charge 1.7 Cash Deposit From account holders Free of Charge From business employees Free of Charge From budgetary with salary in BKT Free of Charge For loan or credit card payment Free of Charge From others value date Free of Charge Same value date 0.03% (min. 100 Lek - max. 3'000 Lek) 1.8 Cash Withdrawals from business account Free of charge from individual account amount up to daily maximum cash withdrawal limit in ATM * 50 Lek / 0.5 Eur amount over daily maximum cash withdrawal limit in ATM Free of charge From Post Office: Any Cash withdrawal within 7 days by the credit found in the 5'000 ALL (fix) % of the withdrawal amount account Any Cash withdrawal after the 7 th day by the credit found in the 0.03% (max. 1'000 Lek) account * This commission will not be applied for customers who don t posses a DC, are in application for new or reprint DC and PIN, pensioners, ATM out of function. 1.9 Direct Debit Free of Charge 1.10 Standing Order Free of Charge 2. Deposit Accounts 2.1 Time Deposit Currencies LEK, USD, EUR, GBP, CHF, AUD, CAD Minimum Balance 50'000 Lek, 500 Eur/Usd/Gbp/Chf/Aud/Cad Deposit Opening Free of charge Deposit Closing On maturity Free of charge Before the 1st maturity Interest (Calculated or paid ) 2.2 Fëmija Im Deposit Currencies LEK / EUR Minimum Balance 10'000 Lek / 100 Eur Deposit Opening Free of charge BKT Terms Conditions (reviewed on April 2016) 1-11

2 2.2.4 Deposit Closing On maturity (on the 18th birthday) Free of charge Before the maturity (subject of Court permission) 5% of the amount withdrawn 2.3 Saving account * Currencies LEK, EUR Minimum Balance 1'500 Lek, 15 Eur Account Opening Free of charge Account Maintenance Free of charge Account Closing Before the first 6 month 1'500 Lek, 15 Eur After the first 6 month Free of charge * Saving account is available only for individual clients 3. Packages 3.1 "3 in 1" package (for Salary Customers) Free of charge Pensioner package Transfer of the Monthly Pension Payment Free of charge SMS notification for each pension payment Free of charge Accounts and deposits of individuals in BKT are insured from Deposit Insurance Agency (ASD) up to LEK (or equivalent), in accordance with the law For deposit insurance, changed. B. Payments By account By cash 1.1 Treasury payments by taxpayers themselves 100 Lek 300 Lek by others 500 ALL Tax, Social Insurance, VAT, Customs payments by taxpayers themselves 100 Lek 300 Lek by others 500 ALL Payments on BKT Customs Agency Amount under 100'000 Lek 200 Lek Amount over 100'000 Lek 0.2% ZRPP payments (hipoteka) Amount under 300 Lek Free of Charge Free of Charge Amount over 300 Lek 100 Lek 200 Lek 1.4 Payments for voluntary insurance 100 Lek 200 Lek 1.5 Bill payments: OSSHE, AMC, Vodafone, Plus, UKT, ect. 100 Lek 200 Lek Bill payments: Albtelecom, Eagle Mobile & Digitalb with installmets* Free of Charge Free of Charge 1.6 Payments for children's rewards 100 Lek 1.7 Payments for financial institutions ** 100 Lek 200 Lek 1.8 Payments for insurance companies Free of Charge Free of Charge 1.9 Payments for National Dwelling Entity Free of Charge Free of Charge 1.10 Payments for schools: Turgut Ozal, Gulistan Free of Charge Free of Charge * Commission is paid from the operator. ** for payments to Fondi Besa, NOA, Vision Fund Albania refer to the list of customers with preferential conditions

3 C. Cards 1. Debit Cards (Maestro / Visa Electron) 1.1 Annual fee Free 1.2 Payment in POS / Internet Free 1.3 Daily max no for internet purchases Daily limit for internet purchase 70,000 Lek 1.5 Monthly limit for internet purchase 140,000 Lek 1.6 Boundary limits for POS purchases not applied 1.7 Withdrawal from ATM of bank Free 1.8 Withdrawal from ATM of other national banks 2% (min. 450 Lek) 1.9 Withdrawal from ATM of other banks abroad 2% (min. 450 Lek) 1.10 Daily max no for cash withdrawal Daily limit for cash withdrawal 50'000 lek 1.12 Monthly limit for cash withdrawal no 1.13 Printing of Card / PIN Free 1.14 Automatic reprinting of Card Free 1.15 Reprinting of Card by request 500 Lek 1.16 Reprinting of PIN by request 350 Lek 1.17 Change of PIN in ATM Free 1.18 Mini-account statement from ATM of bank Free 1.19 Link to other accounts for withdrawal at ATM of BKT Free D secure service for internet/online purchases Free 1.21 Closing Card Free 2. Credit Cards (MasterCard / Visa) 2.1 Annual Fee * Prima: 1'500 Lek; Prima Gold: 3'000 Lek 2.2 Payment in POS / Internet Free 2.3 Limit for internet usage by selection 2.4 Grace period up to 40 days 2.5 Mandatory minimum payment 30% of the invoice amount 2.6 Sales Interest on due amount (monthly) 2% 2.7 Late payment interest (monthly) 5% 2.8 Late payment fee 500 Lek 2.9 Overlimit 10% 2.10 Over limit fee 1'500 Lek 2.11 Withdrawal limit 10% of card limit 2.12 Withdrawal from ATM and "Internet" branch of BKT 2% (min. 500 Lek) 2.13 Withdrawal from other banks nationally 2% (min. 500 Lek) 2.14 Withdrawal from other banks abroad 3% (min. 500 Lek) 2.15 Withdrawal interest (monthly) 2.50% 2.16 Printing of Card / PIN Free 2.17 Automatic reprinting of Card Free 2.18 Reprinting of Card by request 750 Lek 2.19 Reprinting of PIN by request 350 Lek 2.20 Installment payments interest (monthly) up to 2.5% 2.21 Change of PIN in ATM Free D secure service for internet (online) purchases Free 2.23 Usage in Casino Not allowed 2.24 Closing Card Free * According to the BKT effective offers, Credit Card provided free of commission for the 1st year and in following years this committee back in the form of bonus cardholder to purchase the amount determined by supply. 3. Business Prima Credit Cards (MasterCard) 3.1 Annual Fee 2'000 Lek 3.2 POS / Internet transaction fee Free of Charge 3.3 Mandatory minimum payment 10% of total duties 3.4 Interest on the carrying obligations (monthly) 1.3% 3.5 Late payment interest (monthly) 2% 3.6 Over limit fee no overlimit allowed 3.7 Cash Advance Interest Rate 2% Withdrawal from ATM of BKT 1,000 Lek Withdrawal from ATM of other national banks 1,000 Lek Withdrawal from ATM of other banks abroad 1,500 Lek 3.8 Printing of Card / PIN Free of Charge 3.9 Automatic reprinting of Card Free of Charge 3.10 Reprinting of Card in case of loss / steal / damage 1,500 Lek 3.11 Reprinting of PIN in case of loss / steal / damage 500 Lek 3.12 Change of PIN in ATM Free of Charge D secure service for internet (online) purchases Free of Charge 3.14 Closing Card Free of Charge BKT Terms Conditions (reviewed on April 2016) 3-11

4 3.15 Balance Inquiry Free on us/ 200 Lek at others D. Money Transfer 1. Outgoing transfer 1.1 BKT Albania 1.2 LEK Free of Charge 1.3 Foreign currency To own accounts in BKT Free of Charge To BKT account in the same city Free of Charge To other BKT branches value-date Free of Charge Same value date 0.015% (min. 1 Euro - max. 11 Eur) 0.015% (min. 1 Usd - max. 14 Usd) Eur equivalent 1.4 BKT Kosovo Same value date Eur / 7 Usd / Eur equivalent Eur / 14 Usd / Eur equivalent 1.5 Other banks LEK Spot (1 value dates) up to 200'000 Lek Pa shpenzim 500 Lek between 200'001-1'500'000 Lek 300 Lek 500 Lek Over 1'500'000 Lek 1'200 Lek 1'500 Lek Express ( same value - date) 1'500 Lek Foreign currency Spot (2 value dates) % (min. 8 Eur - max. 200 Eur) 0.15% (min. 7 Usd - max. 250 Usd) Eur equivalent 0.20% (min. 15 Eur - max. 250 Eur) 0.20% (min. 20 Usd - max. 320 Usd) Express ( same value - date) % (min. 15 Eur - max. 250 Eur) 0.20% (min. 20 Usd - max. 320 Usd) Eur equivalent 0.25% (min. 30 Eur - max. 300 Eur) 0.25% (min. 35 Usd - max. 380 Usd) 1.6 Swift Charge 1'000 Lek / 8 Eur / 10 Usd /Eur equivalent 1.7 Amendment commission 500 Lek / 4 Eur / 5 Usd / Eur equivalent 1.8 Other commissions Charges of correspondent banks (if any) Outgoing transfers in foreign currency are subject to Bank of Albania procedures.

5 2. Incoming Transfer 2.1 From BKT branches (AL / KS) 2.2 From other banks LEK Foreign currency Free of Charge 1000 All /10 Eur /14 Usd / Eur ekuivalent Free of Charge 0.20% (min Lek - max. 10'000 Lek) 0.10% (min. 5 Eur - max. 50 Eur) 0.10% (min. 7 Usd- max. 70 Usd) Eur equivalent 0.20% (min.10 Eur - max. 100 Eur) 0.20% (min. 14Usd - max. 140 Usd) Eur ekuivalent 2.3 From Emigrants up to 1'000 Eur/Usd/Gbp/Chf/Aud/Cad Free of Charge 2.5 Transfers to other Banks 0.05% (min. 25 Eur - max. 80 Eur) 0.05% (min. 30 Usd - max. 100 Usd) Eur equivalent 2.6 Return of wrong payment orders 700 Lek / 5 Eur / 7 Usd /Eur equivalent 2.7 Wrong data 700 Lek / 5 Eur / 7 Usd / Eur equivalent 2.8 Investigation commission 1'000 Lek / 8 Eur / 10 Usd / Eur equivalent 2.9 Value date commission 3'000 Lek / 25 Eur / 30 Usd / Eur equivalent E. Cheques 1. Cheques of BKT 1.1 Book of 10 cheques only for account holders 1'000 ALL (or equivalent) 1.2 BKT cheque Issued in Lek 0.1% (Min. 500 Lek - Max. 2'000 Lek) in Foreign Currency* (EUR, CHF, CAD, AUD) 0.15% (Min. 10 Eur - Max. 100 Eur) * Bank cheques issue in foreign currency is subject to Bank of Albania procedures Cheques accepted and BKT Bank Cheques (immediate payment) when it presented at the counter of BKT Customer: In account Free of Charge No-customer: Cash 0.10% (Min. 500 Lek - Max.1'500 Lek) / Eur equivalent when it presented by another bank 1'500 Lek / 13 Eur / Eur equivalent (deducted from the amount paid to beneficiaries) 2. Cheques of other Banks in Albania 2.1 Cheque or Bank Cheque of other Banks in Albania Customer: In account in Lek Free of charge, + 3 working days in Foreigh currency 0.4% (Min. 1,500 Lek / 13 Eur / Eur equiv.), + 5 working days 3. Foreign checks received for collection - Crediting after final payment 3.1 Cheques of foreigh Banks (EUR, CHF, CAD, AUD) only for account holders Cheques up to 5'000 Eur (Eur equivalent) 15 EUR / Eur equivalent, per check Cheques over 5'000 up to Eur (Eur equivalent) 0.5% (Min. 25 Eur - Max. 250 Eur) / Eur equivalent, per check final payment deadline max. to 40 working days (determined by correspondent banks) 4. Travelers cheques 4.1 Customer: In account 0.5% (Min. 1 Eur - Max. 100 Eur) 4.2 No-customer - taken for collection 1% (Min. 15 Eur - Max. 200 Eur) 5. Other commissions

6 5.1. Stop payment for cheques issued 3'500 Lek / 25 Eur / Eur equivalent, per check 5.2. Express delivery of check (DHL) 50 Eur/ Eur equivalent 5.3. Return of unpaid check BKT expenses * except for the above (2.1; 3.1) 3'500 ALL / 25 EUR / Eur equivalent Other Bank expenses, if any. as per case basis 5.4. SWIFT charge 8 Eur / Eur equivalent * Additional charges (return Unpaid check means additional correspondence, such as client also with correspondent Bank) F. Trade Finance 1. Letter Credit (LC) 1.1 Import Issue commission 0.15% (min. 50 EUR) Confirmation commission 0.25% / quarter (min. 50 EUR) Payment/Negotiation commission 0.20% (min. 50 EUR) Amendment commission 50 EUR Cancellation commission 50 EUR SWIFT commission 10 EUR Discrepancy fee (per set of 50 EUR documents) Transmission of commercial L/C 0.1% (min. 50 EUR) Delivery of Documents DHL Tariff Other commissions Correspondent bank fee, if any L / C issued against the Pledge of Deposit above applicable commissions + 10% Deposit interest** 1.2 Export Advising commission 0.15% (min. 50 EUR) Confirmation commission By arrangement Payment / Negotiation commission 0.20% (min. 50 EUR) Amendment commission 50 EUR Cancellation commission 50 EUR Transfer to Third party 0.10% ( min. 50 EUR - max. 350 EUR) SWIFT commission 10 EUR Delivery of Documents DHL Tariff Other commissions Correspondent bank fee, if any 2. Letter of Guarantees 2.1 Letter of Guarantees issued against Cash Cover Domestic Guarantees: BID Bond / License Guarantee Customers escrow account 1,500 Lek Pledge Against Deposit 1,500 Lek + 10% of Deposit interest** Domestic Guarantees: All others Customers escrow account 0.15% per annum (Min. 1,500 Lek Max. 15,000 Lek)* Pledge Against Deposit 0.15% per annum (Min. 1,500 Lek Max. 15,000 Lek)* + 10% of Deposit interest** Cross-border Guarantees % per annum (Min. 100 EUR Max. 400 EUR)* Customers escrow account Pledge Against Deposit 2% per annum (Min. 100 EUR Max. 400 EUR)* + 10% of Deposit interest** Payment Commission 0.20% (min. 50 EUR) 2.2 Letter of Guarantees issued against Credit Limit Domestic Guarantees: BID Bond / License 1,500 ALL Guarantee Domestic Guarantees: All others 0.15% per annum (min. 1,500 Leke - max. 15,000 Leke)* Cross-border Guarantees 2% p.a. (min. 30 EUR - max. 400 EUR)* Commission of Credit Limit By arrangement Pledge Against Deposit 10% of Deposit interest** Payment Commission 0.20% (min. 50 EUR) 2.3 Letter of Guarantees issued against Counter Guarantees By arrangement *Payable Upfront Notes: The charges for a letter of guarantee issued on the basis of your counter guarantee will be as follows: 1- Commission will be set by arrangement 2- Postal/telex/swift telecommunication charges

7 3. General Commissions 3.1 Advising Letter of Guarantee (WITHOUT COMMITMENT) 100 EUR 3.2 Modification Domestic Guarantees: Cross- border Guarantees: 0.1% per annum (Min. 1,000 Leke - Max. 5,000 Leke) 50 EUR 3.3 SWIFT 10 EUR 3.4 Cancellation 50 EUR 4. Documentary Collections 4.1 Outgoing Documents 0.25% flat (min. EUR 50) 4.2 Incomin.g Documents Sight Payment 0.25% flat (min. EUR 50) Deferred Payment / Draft 0.20% flat (min. EUR 50) 4.3 Amendment of cancellation instructions EUR Bill returned unpaid or unaccepted 0.15% flat (min. EUR 50) 4.5 Endorsement / Release fee EUR 30 General Conditions * No commissions will be refunded when a credit is cancelled or expired fully or party unutilized, or if a services is not realized or rendered. ** 10% of the Deposit interest, calculated on a monthly basis according to the maturity of the instrument, for blocked amount. G. Other Services 1. Safe Deposit Box Service 1.1 Box Dimensions Rental Annual Fee* Guarantee** Size1 (6.5x12.5x40 cm) 100 Eur 100 Eur Size2 (13x12.5x40 cm) 160 Eur 160 Eur Size3 (6.5x25x40 cm) 180 Eur 180 Eur Size4 (13x25x40 cm) 300 Eur 300 Eur * Rental Annual Fee is paid on annual basis and includes VAT tax. ** This amount remains blocked during the entire period of service usage. 1.2 Commission Open Box with Force 60 Eur 1.3 Commission for a New Key 60 Eur 2. Investigations 2.1 Within 6 months 1'000 Lek 2.2 Older than 6 months 2'500-10'000 Lek 2.3 Certificates for account balance /loan balance* 500 Lek *The Certificate for loan balance may be issued to the customers that need to verify their loan balance or ascertain that they do not have any loan in our bank 2. Treasury Bills* - T-Notes (Operations with Securities) 2.1 Currencies ALL, Eur 2.2 Minimum Balance Treasury Bills 300'000 ALL (or the equivalent issuing in FCY) T-Notes 500'000 ALL (or the equivalent issuing in FCY) 2.3 Participation Fee 1'000 ALL 2.4 Custody Fee securities** for Individuals and Physical Persons 0.2 % p.a of Nominal Value (Min 1,000 ALL - Max 10,000 ALL) (or the equivalent issuing in FCY) for Juridical Persons 0.5 % p.a of Nominal Value (Min 1,000 ALL - Max 25,000 ALL) (or the equivalent issuing in FCY) 2.5 Trading Securities on Secondary Market Free of charge 2.6 Transfer Fee from Customer portfolio keeping in BKT to another Bank*** 0.5% of Nominal Value (min ALL - max. 10,000 ALL) 2.7 Fee For pledge Securities as collateral**** 0.1% p.a of Nominal Value (min. 2'000 ALL - max. 7'000 ALL) 2.8 Cancellation of Participation Request in Auction Fee before auction date 500 ALL

8 * For service "On settlement of Cash transactions for Bank of Albania Clients" for participation direct in T-Bill auction Edition, the participation fee will be 1,000 ALL ** Custody Fee will be applied on maturity date for Treasury Bills and per annum basis for T-Notes at the end of each year. *** Transfer Fee will be applied if the customer transfers the Securities Portfolio to another bank before the maturity date. **** Customer would pay the commission per annum for pledge Securities as collateral on booking date for T-Bills and at the end of each following year for T-Notes. H. Electronic Banking Services offered through Internet Branch and BKT Smart Individ 1. "Internet" Branch 1.1 Registering Free of charge Free of charge 1.2 Monthly fee Free of charge Free of charge Business 2. BKT Smart "Mobile Banking" Free of charge 2.1 Registering Free of charge 2.2 Monthly fee 3. Tranfertat në nisje 3.1 between my accounts Free of Charge Free of Charge 3.2 To BKT Albania LEK Free of Charge Free of Charge Foreign currency Free of Charge Free of Charge 3.3 To other banks Albania LEK Spot (1 value dates) up to 200'000 Lek Free of Charge Free of Charge between 200'001-1'500'000 Lek Free of Charge same as branch Over 1'500'000 Lek 1'200 Lek 1'200 Lek I. Retail Loans 1. Commissions on Retail Loan Amendments 1.1 Change of Interest Rate 1.2 Change of Maturity 1.3 Change of Currency 1.4 Change of Collateral Partial Release of Collateral Change of Collateral 1% of FSV of collateral to be released (min. 50 Eur) a) If the new collateral is same as credit subject: Free of charge b) If the new collateral is different from credit subject: 1% of the decrease in value of FSV which is the difference between FSV of the existing collateral - FSV of the new collateral. ( not less than 0.5% over the loan outstanding, min. 50 Eur) Change of Suretyship Given consent for change on actual condition of collateral (customer & BKT staff) 0.5 over the loan outstanding amoung (min. 50 Eur) Division/Merge Register of additional areas Change of ownership of collateral Mortgage of collateral in other banks / institutions Change of terms from staff to normal customer and vice versa Free of charge Convert from 0-Level to normal Home Loan/ release of blocked amount Change of payment date Free of charge ALL 1' Decrease of Prepayment Commission 0.5% included in final prepayment commission 1.10 Change of Special Loan Conditions 1.11 Change of Other Loan Terms (Prior to loan Approved by: RBG.6-T-001 Seyhan Pencabligil CEO & Board Member BKT Terms Conditions (reviewed on April 2016) 8-11

9 ON THE DEPOSIT INSURANCE LAW Banka Kombetare Tregtare Sh.A., in compliance with the Law no.8873 dated On the Deposits Insurance changed to the low No. 53/14 dated ,has been provided with the Certificate of Deposit Insurance no.5, dated (changed on ) from the Deposit Insurance Agency (DIA). According to this certificate, all the deposit accounts of each individual depositor (account holder) at Banka Kombetare Tregtare Sh.A., are insured from the Deposit Insurance Agency up to the amount of 2,500,000 (two million and five hundred thousand) ALL, or its equivalent amount in foreign currency, in accordance with the provisions of Law no. 53/14 dated A - DEPOSIT INSURANCE -The article 3, paragraph 13 of law no.53/14 dated On the Deposit Insurance, stipulates that: Deposit has the meaning set out by the law no. 9662, dated On banks in the Republic of Albania, and / or any law amending it. -The article 3, paragraph 14 of law no.53/14 dated On the Deposit Insurance, stipulates that: Insured Deposit is the aggregate value of all deposits of a depositor, including their accrued interest on the day of assessment or intervention in a subject member of the scheme, apart from the exceptions of Article 32 of this Law. -The article 31, paragraph 4 of law no.53/14 dated On the Deposit Insurance, stipulates that: The Deposits held in foreign currency are converted into ALL, according to the official exchange rate of the intervention day as designated by the Supervisory Authority. -The article 32, of law no.53/14 dated On the Deposit Insurance, stipulates that: Exemptions from insurance and compensation from the Agency the following: a) The share of deposits in the bank or branch of foreign bank exceeding 2,500,000 (two million and five hundred thousand) ALL or the equivalent in foreign currency. c) Deposits of the bank, branch of the bank, branch of the foreign bank and the saving and loans association in the name and for its own account; ç) Deposits of directors, administrator at the bank and their close relatives, as defined in the Law on Banks; d) Deposits of any person who holds five percent or more of capital of the member subject or the equity with the voting rights of that bank; dh) Deposits derived from activities related to money laundering and financing of terrorism, which have been declared illegal by a final court decision; e) Deposits of domestic or foreign traders; ë) Deposits of domestic or foreign legal entities; f) Deposits of domestic or foreign insurance and reinsurance companies; g) Deposits of domestic or foreign entities or collective investment undertaking; gj) Deposits of domestic or foreign pension funds or pension insurance; h) Tittles issued by financial entities and any other obligation that these entities have based on their promise deals; i) deposits of units of local or central Government of the Republic of Albania or of a foreign country; j) Deposits unspecified and / or title of which is not clearly defined; k) Deposits invested in the subject member of deposit insurance scheme during and after the day of the insured event to this subject; l) deposits of members of the governing bodies of the saving and loans association according to the Law on saving and loans association despite the General Assembly. B - THE COMPENSATION AMOUNT FROM THE AGENCY - The article 39, paragraph 1 of law no.53/14 dated On the Deposit Insurance, stipulates that: The Compensation procedures begin immediately when the Agency is notified in writing by the Supervisory Authority for the establishment of the subject member of the deposit insurance scheme in compulsory liquidation. The compensation ends no later than three months from the date of its starting.

10 - The article 33, paragraph 1 of law no.53/14 dated On the Deposit Insurance, stipulates that: The Agency insures and compensates the insured deposits to any depositor held in the bank or in the branches of foreign banks to the extent of 100% and always not more than 2,500,000 (two million and five hundred thousand) ALL regardless of the number of deposits or deposited currency, deposited in this bank. C - TERMS AND CONDITIONS FOR THE PAYMENT OF THE COMPENSATION - The article 38, paragraph 2 of law no.53/14 dated On the Deposit Insurance, stipulates that: The maximum level of compensation for each depositor is calculated according to the provisions of Article 33 of this Law, by subtracting the amount of outstanding obligations of the depositor not paid in time to the subject member, resulting in delay repayment on the day of the intervention by the Supervisory Authority. - The article 36, paragraph 12 of law no.53/14 dated On the Deposit Insurance, stipulates that: The Agency have the right to refuse payment of compensation or to claim repayment of the compensation paid in respect of insured deposits if the compensation right is based on false information or fraud and when it observes that there is no insurable interest. Insurable interest is the legitimate interest and objective needs of the depositor to be protected against financial loses of deposits in an insurance event - The article 39, paragraph 4 of law no.53/14 dated On the Deposit Insurance, stipulates that: The Agency shall compensate the insured deposit through one of the following alternatives: a) payment of the amount in ALL to the person in the environment of the subject placed in liquidation in cooperation with the liquidator; b) payment of the amount in ALL to the person in the environment of one bank member of the deposit insurance scheme;(agent bank) c) transferring the amount to be profit from the depositor in a bank member of deposit insurance scheme; ç) Payment by check; d) Other payment method approved with sub legal act by the Supervisory Authority. Note: This information is given pursuant to article 27- Obligation for informing the public from the subjects member of the scheme of law no.53/14 dated On the Deposit Insurance.