The ranking of the Primary Dealers on the basis of their activity in the Greek government bond market in the period January-December 2004 is as follows:
1. National Bank of Greece
2. Alpha Bank
3. Piraeus Bank
4. Deutsche Bank AG
5. Lehman Brothers International (Europe)
6. Goldman Sachs International Ltd
7. HSBC Bank plc
8. Emporiki Bank
9. EFG Eurobank-Ergasias
10. Morgan Stanley & Co. International Ltd
11. Citigroup Global Markets Ltd

12. ING Bank NV
13. UniCredit Banca Mobiliare S.p.A.
14. Nomura International Plc
15. BNP Paribas
16. Merrill Lynch International
17. San Paolo-IMI Bank
18. JP Morgan Securities Ltd
19. CSFB (Europe) Ltd