Marfin Popular Bank Public Co Ltd announces that on June 30th 2007, as originally planned, the operational merger of Egnatia Bank, Marfin Bank and Laiki Bank (Hellas) was completed. The legal merger was completed on June 29th. Starting from Monday, July 2nd, the new Bank, which is a subsidiary of Marfin Popular Bank, operates under the new brand name MARFIN EGNATIA BANK.
Mr. Andreas Vgenopoulos, CEO of Marfin Popular Bank, commenting on the completion of the merger of the three Greek banks noted: "The timely completion of the legal and operational merger of our three Banks in Greece, proves once again that Marfin Popular Bank possesses the required infrastructure to efficiently accomplish complicated projects. The project was completed at the exact planned date without any delays. Marfin Egnatia Bank represents our arm for strategic expansion in the Greek Market. We believe that Greek customers can find in Marfin Egnatia Bank a friendly, accessible bank, but also a creative, fast and flexible organization targeting improved service quality and customer-centric solutions".