MIRA INFORM REPORT

Report Date :

12.05.2014

IDENTIFICATION DETAILS

Name :	BANK LEUMI ROMANIA SA
Registered Office :	Str. B-dul Aviatorilor nr. 45, Bucuresti, 11853, Jud. Cluj
Country :	Romania
Financials (as on) :	31.12.2012
Year of Establishment :	1991
Com. Reg. No.:	J40/2496/2002
Legal Form :	Joint Stock Company
Line of Business :	Provider of banking services such as Commercial, Retail and Israeli as well as Real Estate
No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow But Correct
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Romania	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

Romania ECONOMIC OVERVIEW

Romania, which joined the EU on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession due to strong demand in EU export markets. Domestic consumption and investment fueled strong GDP growth, but led to large current account imbalances. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment. As a result of the global financial crisis, Romania signed on to a $26 billion emergency assistance package from the IMF, the EU, and other international lenders. GDP contracted from 2009 to 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary stand-by agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability. In September 2013, the Romanian authorities and the IMF/EU agreed to a follow-on stand-by agreement, worth $5.4 billion, to continue with reforms, although Bucharest announced that it does not intend to draw funds under the agreement. Economic growth accelerated in 2013, driven by strong industrial exports and an excellent agricultural harvest; in December 2013 inflation dropped to a historical low annual rate of 1.6%; and the current account deficit was reduced substantially. Yet, progress on structural reforms is uneven and the economy still is vulnerable to shocks.

Source : CIA

Company name & address

BANK LEUMI ROMANIA SA

Str. B-dul Aviatorilor nr. 45, Bucuresti, 11853, Jud. Cluj

Tel +40 21 2067053/+40 21 2067032

Email office@leumi.ro

WEB www.leumi.ro

Company summary

Legal Form

Joint Stock Co.

Foundation

1991 Eurom Bank Sa (j12/245/1991)

Trade Register

Reg. Nr. J40/2496/2002

Fiscal code RO 199915

Capital

RON 247,939,696.00

Associates

Bank Leumi Le - Israel B.m., Israelian, Israel	99,91830000%
TEL AVIV
Lista Actionari, N/A	0,05060000%
Lista Actionari, N/A	0,03110000%

Activity

Provider of banking services such as Commercial, Retail and Israeli as well as Real Estate

Principals

Razvan - Marius Ababei

Administrator

Dindar Bactau

Administrator

Emilia Botis

Administrator

Mariella Buculei

Administrator

Ramona Carapanceanu

Administrator

Elena Cojocaru

Administrator

Popescu Cornelia

Administrator

Mariana - Dorina Dobrota

Administrator

Mariana Dorina Dobrota

Administrator

George Marian Ene

Administrator

Cornelia Galis

Administrator

Catalin Florin Gamberea

Administrator

Mirela Gongea

Administrator

Petrita Hamza

Administrator

Elena Martian

Administrator

Eisenthal Menahem

Administrator

Ruxanda Maria Mercea

Administrator

Gabriela Palade Mihaela

Administrator

Nicoleta Vasilica Morar

Administrator

Ingbir Moshe

Administrator

Vasile Murgoci

Administrator

Laura Popa

Administrator

Nicolae Ilie Radu

Administrator

Violeta Raduly

Administrator

Floare Horge

Administrator

Lacramioara Rusu

Administrator

Irina Sav

Administrator

Sorin Stanis

Administrator

Gidon Shalom Suesskind

Administrator

Silvia Ungureanu

Administrator

Stefan Vaduva

Administrator

Minz Yoel

Administrator

Marilena Aura Ionescu

Administrator

Amar Isaac

Administrator

Vasile Cristian Lazarescu

Administrator

Nistor Lihnet

Administrator

Mihai Big

Director

Alina-Laura Iliescu

Director

Popovici Ion

Director

Muresan Iuliu

Director

Gabriel Mitrache Laurentiu

Director

Catalin Florin Gamberea

Administrator

Mariana Ioana Lungu

Director

Rauchwerger Manfred

Director

Daniela Mititelu

Director

Dan Gabriel Negrau

Director

Andreea Mihaela Rosculet

Director

Andreea Emese Vinczi

Director

Carmen Lidia Marcu

Administrator

Crisan Marian

Administrator

Kpmg Audit Srl

Auditor

Participation

Participations and functions: Ababei Razvan - Marius

- BANK LEUMI ROMÂNIA SA BUCURESTI SUCURSALA PITESTI, RO 8188679, administrator,

- TRANS BORA EUROSPEED SRL, RO 29563150, administrator and shareholder, 50,00000000%

Participations and functions: Big Mihai

- BIG CONSTRUCTII MG SRL, RO 16377890, shareholder, 5,00000000%

Participations and functions: Botis Emilia

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA SIBIU, RO 4187573, administrator,

Participations and functions: Buculei Mariella

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA MUNICIPIULUI BUCURESTI, RO 11122194, administrator,

Participations and functions: Carapanceanu Ramona

- CĂRĂPĂNCEANU RAMONA PERSOANĂ FIZICĂ AUTORIZATĂ, RO 31290010, shareholder, 0,00000000%

Participations and functions: Cojocaru Elena

- SOCIETATEA EXPERTILOR TEHNICI-TIMIS SA, RO 9050363, shareholder, 0,01111000%

Participations and functions: Cornelia Popescu

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA MOSILOR, RO 14832706, administrator,

Participations and functions: Dobrota Mariana - Dorina

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA CLUJ, RO 5059114, administrator,

Participations and functions: Dobrota Mariana Dorina

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA CLUJ, RO 5059114, administrator,

Participations and functions: Ene George Marian

- BANK LEUMI ROMÂNIA SA BUCUREŞTI - SUCURSALA PLOIEŞTI, RO 4542926, administrator,

- ENE D. GEORGE MARIAN PERSOANĂ FIZICĂ AUTORIZATĂ, RO 27514860, shareholder, 0,00000000%

Participations and functions: Gamberea Catalin Florin

- BANK LEUMI ROMANIA SA BUCURESTI - SUCURSALA COTROCENI, RO 22902179, administrator,

Participations and functions: Gongea Mirela

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA UNIREA, RO 16697398, administrator,

Participations and functions: Hamza Petrita

- FINANCIAL CONSULTING & INVESTMENTS SRL, RO 1641909, administrator and shareholder, 47,61905000%

- SECURITY W.B.C. SRL, RO 11792771, administrator and shareholder, 100,00000000%

- SOFT CALCULATOARE SISTEME DE ALARMA W.B.C. SRL, RO 15406598, administrator and shareholder, 10,00000000%

Participations and functions: Ion Popovici

- LEUMI BROKER DE ASIGURARE - REASIGURARE SRL, RO 21515786, administrator,

Participations and functions: Ionescu Marilena Aura

- BANK LEUMI ROMÂNIA SA BUCUREŞTI - SUCURSALA PLOIEŞTI, RO 4542926, administrator,

- UNICREDIT TIRIAC BANK SA, RO 361536, administrator,

Participations and functions: Laurentiu Gabriel Mitrache

- LEUMI BROKER DE ASIGURARE - REASIGURARE SRL, RO 21515786, administrator,

Participations and functions: Lazarescu Vasile Cristian

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA TIMISOARA, RO 2804320, administrator,

Participations and functions: Marcu Carmen Lidia

- BANK LEUMI ROMANIA SA BUCUREŞTI SUCURSALA IAŞI, RO 3637823, administrator,

Participations and functions: Marian Crisan

- INSPET SA, RO 1357410, administrator,

- SOCIETATEA GENERALA DE GAZ SI DE ELECTRICITATE SA, RO 9121707, shareholder, 0,06000000%

Participations and functions: Mihaela Gabriela Palade

- BANCA COMERCIALA CARPATICA SA, RO 11447021, administrator,

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA UNIREA, RO 16697398, administrator,

Participations and functions: Mititelu Daniela

- ARGO GALAXY CONSULT SRL, RO 27517395, shareholder, 5,00000000%

Participations and functions: Morar Nicoleta Vasilica

- BANK LEUMI ROMÂNIA SA BUCUREŞTI SUCURSALA SATU MARE, RO 5490310, administrator,

Participations and functions: Popa Laura

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA BRASOV, RO 2739388, administrator,

- VS CONSULTING SRL, RO 17590690, shareholder, 10,00000000%

Participations and functions: Radu Nicolae Ilie

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA MOSILOR, RO 14832706, administrator,

Participations and functions: Raduly Violeta

- BANK LEUMI ROMANIA SA BUCURESTI - SUCURSALA TARGU MURES, RO 3563823, administrator,

Participations and functions: Rosculet Andreea Mihaela

- ALPHA BANK ROMANIA SA, RO 5062063, administrator,

- ALPHA BANK ROMANIA SA BUCURESTI SUCURSALA MILITARI, RO 15722868, administrator,

Participations and functions: Rusu Lacramioara

- BANK LEUMI ROMÂNIA SA BUCUREŞTI-SUCURSALA BACĂU, RO 15109686, administrator,

Participations and functions: Sav Irina

- BANK LEUMI ROMÂNIA SA BUCUREŞTI SUCURSALA CONSTANŢA, RO 1896511, administrator,

Participations and functions: Stanis Sorin

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA ORADEA, RO 73185, administrator,

Participations and functions: Vaduva Stefan

- BANK LEUMI ROMANIA SA BUCURESTI SUCURSALA BRASOV, RO 2739388, administrator,

Participations of the company: BANK LEUMI ROMANIA SA

- BANK LEUMI ROMÂNIA SA BUCUREŞTI SUCURSALA SATU MARE, RO 5490310, 0,00000000%

- BIROUL DE CREDIT SA, RO 16140132, 0,17554300%

- EUROM BROKER ASIGURARI - BROKER DE ASIGURARE-REASIGURARE SRL, RO 16164905, 4,90000000%

- Fondul de compensare a investitorilor SA, RO 18005590, 0,43560000%

- LEUMI BROKER DE ASIGURARE - REASIGURARE SRL, RO 21515786, 100,00000000%

Generalities

6419 Other monetary intermediation

Legal office and working spaces at the above mentioned address.

Branches:

- Bank Leumi Romania Sa Bucuresti - Sucursala Cotroceni Bucuresti

- Bank Leumi România Sa Bucureşti - Sucursala Ploieşti

- Bank Leumi Romania Sa Bucuresti - Sucursala Targu Mures

- Bank Leumi Romania Sa Bucuresti Sucursala Brasov

- Bank Leumi Romania Sa Bucuresti Sucursala Cluj

- Bank Leumi România Sa Bucureşti Sucursala Constanţa

- Bank Leumi Romania Sa Bucureşti Sucursala Iaşi

- Bank Leumi Romania Sa Bucuresti Sucursala Mosilor Bucuresti

- Bank Leumi Romania Sa Bucuresti Sucursala Municipiului Bucuresti

- Bank Leumi Romania Sa Bucuresti Sucursala Oradea

- Bank Leumi România Sa Bucureşti Sucursala Piteşti

- Bank Leumi România Sa Bucureşti Sucursala Satu Mare

- Bank Leumi Romania Sa Bucuresti Sucursala Sibiu

- Bank Leumi Romania Sa Bucuresti Sucursala Timisoara

- Bank Leumi România Sa Bucureşti-sucursala Bacău

Real estate

There is no information, in case that there are fixed assets owned.

Employees

There are no information

Annual turnover

31.12.2011	-	-
31.12.2012	-	-

Assets	Figures in RON per	N/A	31.12.2011	31.12.2012
	FIXED ASSETS - TOTAL	N/A	98,692,900.0	205,328,393.0
	RECEIVABLES	N/A	877,615,201.0	N/A
	PETTY CASH AND BANK ACCOUNTS	N/A	140,963,223.0	161,715,038.0

Liabilities	Figures in RON per	N/A	31.12.2011	31.12.2012
	TOTAL DEBTS	N/A	929,759,450.0	922,084,971.0
	DEFERRED INCOME, OF WHICH:	N/A	0.0	0.0
	CAPITAL, of which:	N/A	247,939,743.0	249,163,743.0

Notes	Figures in RON per	N/A	31.12.2011	31.12.2012
	TOTAL INCOME	N/A	308,400,837.0	N/A
	TOTAL EXPENSES	N/A	332,419,920.0	N/A
	- Profit	N/A	N/A	11,149,245.0
	- Loss	N/A	24,019,083.0	N/A
	- Net profit	N/A	N/A	13,632,285.0
	- Net loss	N/A	24,051,333.0	N/A
	Net result	N/A	-24,051,333.0	13,632,285.0

Banks	Unknown
	The subject is not registered in the Electronic Archive for Secured Transactions, as having any credits.
Payment behavior	No complaints, but occasional delays
	According to the information registered at the Ministry of Finance, the company has no overdue debts to the State budget as of 31.03.2014. There are no related to the subject at the Payment Incidents Bureau (CIP) in the period 09.05.2007 - 09.05.2014.
Solvency	Business connections appear permissible
Exchange rate	Per 31.12.2013 USD 1,-- = RON 3.3279 EUR 1,-- = RON 4.4190 Per 30.06.2013 USD 1,-- = RON 3.3444 EUR 1,-- = RON 4.3916 Per 31.12.2012 USD 1,-- = RON 3.4682 EUR 1,-- = RON 4.4560 Per 31.12.2011 USD 1,-- = RON 3.0486 EUR 1,-- = RON 4.2379 Per 31.12.2010 USD 1,-- = RON 3.1779 EUR 1,-- = RON 4.2099 Per 31.12.2009 USD 1,-- = RON 3.0493 EUR 1,-- = RON 4.2373
About	This report belongs only to the addressee. The report contains commercial and financial information obtained from official sources and from the subject. Any responsibility for the above-mentioned information or for the minor mistakes that may arise in this report is declined. The addressee may process and use the information only for the purpose this report was ordered and must comply with the above-mentioned conditions.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.05
UK Pound	1	Rs.101.65
Euro	1	Rs.83.08

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	MNL

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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