NAT. BANK OF GREECE SA
Reply to a letter from the Capital Market Commission
In reply to the Capital Market Commission?s letter under Prot. No 2872/26.6.2008 and relevant question, for the information of investors, National Bank of Greece announces the following with respect to recent press publications regarding its expansion in Egypt:
On 24 and 25 June, NBG participated in the final phase of privatization of Egyptian Bank Banque du Caire. The Egyptian government declared the relevant tender fruitless, as none of the participating banks offered a price over the minimum acceptable level.
National Bank of Greece remains interested in pursuing growth in Egypt and seeks to expand its branch network.
On 24 and 25 June, NBG participated in the final phase of privatization of Egyptian Bank Banque du Caire. The Egyptian government declared the relevant tender fruitless, as none of the participating banks offered a price over the minimum acceptable level.
National Bank of Greece remains interested in pursuing growth in Egypt and seeks to expand its branch network.