PRESS RELEASE

Reorganization of NBG Group presence in SE Europe

At its meeting on Friday, 9 September 2011, the Board of NBG approved a reorganization plan for the Group’s affiliates in SE Europe, comprising the launch of a holding company for the banks and other financial sector companies in the region. The plan does not include Finansbank, which will continue its independent course.

NBG enjoys a strong presence in SE Europe in both the corporate and retail banking sectors, including a network of some 600 branches and 8000 staff. The Group’s assets in the region – Bulgaria, Romania, Serbia, FYROM and Albania – amount to over EUR9 billion, while the business network that NBG has developed in these countries offers a full range of financial services, including leasing, factoring, brokerage, asset management, insurance and bancassurance.

The reorganization of the Group’s presence in SE Europe aims at enhancing its growth prospects in the region and at generating the appropriate conditions for it to gain independent access to global capital and money markets.

The plan will proceed once the necessary approvals have been obtained from the relevant supervisory authorities.

 Athens, 12 September 2011