EMIR (European Market Infrastructure Regulation)

Investor information

Public disclosure of the notification about the intragroup exemption of the initial margin obligation acc. to Article 11 (6) to (11) Regulation (EU) No 648/2012 (EMIR) and Article 20 Delegated Regulation (EU) No 149/2013

The legal counterparties to the exempted transactions in currency derivatives and interest rate derivatives with the notional aggregate amount of EUR 11,758 million (for all transactions) are:

Banca Comercială Română SA (RO, LEI: 549300ORLU6LN5YD8X90),

Erste Group Bank AG (AT; LEI: PQOH26KWDF7CG10L6792) - majority owner of Banca Comerciala Romana SA

BCR also applies the exemption from the clearing obligation of OTC derivatives concluded with Erste Group Bank AG, following the notification of the competent authority in accordance with Article 4, paragraph 2 of Regulation (EU) No. 648/2012