Following today's (08.12.2008) release, Piraeus Bank would like to clarify that its Financial Services & Participations Department was elevated to General Division status and Mr. Demetrios Papademetiou was appointed as its General Manager while Mr. Constantinos Liapis will continue being its Deputy General Manager. Mr. Agamemnon Politis will occupy the vacant position of Director of the Financial Department with Ms Archontoula Stamboliti retaining the position of Deputy Director.