The overall 2005 result for Geniki Bank is a net improvement in comparison to the previous year:
- A 9.45% increase in net banking income
- A slight decrease in general expenses despite important investments
- Gross Operating Income also reached 20.5 million EUR, this is 9 times the result achieved in the previous year
- Net decrease of the Cost/income ratio from 98.6% to 88.2%

In the same time period, the risk review was achieved and translates to provisions of 37.8 million EUR for the financial year. In total, during two years, the cost of risk is thereby raised to 140 million EUR. As a consequence, the net 2005 result of Geniki Bank is negative and is set at 16 million EUR, as compared to (77.9) million EUR in 2004 and the consolidated accounts of the Group show a net negative result of 14.1 million EUR. The total client deposits (excluding repos) achieved 2.4 billion EUR at the end of December 2005, as compared to 2 billion EUR at the end of December 2004. This strong increase (+20%) is, in part, due to repos transfers, that became less attractive according to the fiscal regulations applicable in 2005, as compared to term deposits. The total credits given to clients, net of provisions, shows a slight increase to 2.6 billion EUR (+6.2%), with growth in amounts outstanding of Retail clients that compensate the fall in outstandings of Corporate clients due to the new risk policy. These developments show that the activities of the bank remain at a high level, despite the restructuring of the business and the implementation of changes in operations.

In summary, during this reported year, Geniki Bank proceeded with the following important investments:
- Creation of a commercial network comprising of 2 operational centers for large clients, 3 regional delegations and 12 groups, each managing a local network of branches in their area.
- Carrying out 14 million EUR of real estate investments that are notably seen in:
- The opening of 12 new branches
- The renovation of the majority of the older branches by implementing the new image and by adapting the areas to better serve the clients. This project will be completed in 2006.
- Reinforcement of the central functions, notably in the areas of risk management, controlling and marketing.
- Realization of a 9 million EUR investment in information technology

In parallel, new, innovative products in the market were created and were received with positive acclaim by the clients, especially for home credits (244 million EUR of distributed credits, as compared to 137 million EUR in the previous year), for investments (+20% income) and for service products (10,000 Aneta insurance Contracts, that exceeded the expected objectives). After the increase in capital by 90 million EUR in 2004, a new capital reinforcement of 100 million EUR was realized in 2005 in order to give the bank the means for development assuring the bank an important solvency ratio at end 2005 of10.36% for the Bank and 10.77% for the Group. Today, Geniki Bank runs an efficient and completely operational business allowing it to be a dynamic, creative and competitive player, continuing to improve its returns.