On the occasion of the publication of its annual financial statements and as part of its effort to update investors, ASPIS BANK held a corporate presentation at the premises of the Association of Greek Institutional Investors. The Bank was represented by Michael Papparis, General Manager, Evangelos Stathopoulos, CFO, George Rigakos, Head of Banking & Institutional Relations and Brokerage, and Panayiotis Laskaris, Head of Budget and Financial Control. The presentation focused on the analysis of the full year 2005 results, the actions taken by the Management of the Bank with the aim to implement its main strategic targets and the prospects for the years 2006-2007. While presenting full year 2005 results, the General Manager Mr Michael Papparis underlined that the profitability of the Bank reached record highs of Euro 11.2 million (profit after tax and minority interest), a direct outcome of the Management's adherence to the main pillars of its strategy ie, strengthening of the Bank's presence in the Greek banking sector, maintenance of high revenue growth rates, improvement in operating productivity, and further enhancement of the already high capital adequacy. During the analysis of YE 2005 results, it was noted that enhanced profitability stemmed from both, core banking activities growth, reflected in net interest and commission income growth of 17% and 18% respectively, and the successful cost containment efforts that led to a 4% reduction in operating expenses. The increase of operating income by a 13%, in combination with the decrease of operating expenses, led to the improvement of the efficiency ratio, which fell to 80%. The corporate presentation of the Bank is available on its website: www.aspisbank.gr.