, commercial bank loan continued to increase in line with the economic growth. Consumer loan expanded well, particularly mortgage lending with growth accelerated before the loan to value (LTV) measure become

(13.1) 160.6 (15.9) 613.5 552.2 11.1 Profits before bad debts and doubtful accounts, and income tax expenses 946.6 1,004.4 (5.8) 1,020.2 (7.2) 4,291.9 3,772.8 13.8 Profits before income tax expenses 886.6

) 738.1 (5.8) 2,099.2 2,228.5 (5.8) Expected credit losses 710.0 628.4 13.0 450.0 57.8 1,632.9 1,020.0 60.1 Income tax 109.9 67.5 62.8 153.6 (28.5) 382.7 408.6 (6.3) Profit from operations before expected

credit losses (reversal) (708.2) 100.0 (808.2) (808.2) Income tax expenses (279.1) 138.6 (417.7) (301.4) Profit (loss) from operations before expected credit losses and income tax (1,695.8) 1,045.3

0.4% Earning before interest and tax 60.96 87.25 -26.29 -30.1% 198.28 253.44 -55.16 -21.8% Financial expenses -1.67 -1.22 -0.45 36.9% -4.30 -4.25 -0.05 1.2% Share of income from investment in associate

expenses 844.82 757.04 87.78 11.6% 1,586.14 1,447.87 138.27 9.5% Earning before interest and tax 90.65 63.04 27.61 43.8% 166.19 124.21 41.98 33.8% Financial expenses -1.38 -2.04 0.66 -32.4% -3.03 -4.76 1.73

of Assets Notifications”) the highest value of transaction is equal to 27.89 %. The calculation of the size of transactions is based on consideration basis. During the six months period before the

-2.5% 75.93 75.97 -0.04 0.1% Total expenses 716.00 778.04 -62.04 -8.0% 2,301.74 2,225.48 76.26 3.4% Earning before interest and tax 87.25 67.26 19.99 29.7% 253.44 191.47 61.97 32.4% Financial expenses

1,143.5 650.4 (493.1) (43.1%) Gross Profit Margin 67.7% 56.6% GPM before adjustment with PPA 69.0% 57.5% Revenue from Sale of Investment Properties 11,737.2 3,079.3 (8,657.8) (73.8%) Gross Profit 3,617.9

15.50 16.10 -0.60 -3.7% Administrative expenses 36.60 28.79 7.81 27.1% Total expenses 690.45 788.14 -97.69 -12.4% Earning before interest and tax 34.93 71.92 -36.99 -51.4% Financial expenses -1.16 -1.33