CONSOLIDATED FINANCIAL STATEMENTS 2021

CACEIS BANK S.A, GERMANY BRANCH VERSUS BAVARIAN TAX AUTHORITIES

On March 11 th 2022, the Bavarian Tax Office answered to CACEIS Statement of Objection rebutting the reasoning of CACEIS objections and considering the initial notices are legally correct. CACEIS is however given the opportunity to file an additional reasoning with the Tax Office and shall be doing so. Accordingly the process continues at the Tax Office level. CACEIS considers that this answer from the Bavarian Tax Office, as part of the on-going process, does not change the overall merits and strength of its position.

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