PIRAEUS FINANCIAL HOLDINGS S.A.

Press Release

Interest Rate for Credit Cards Reduced to 8.75% for purchases from 01.11.2009 to 28.02.2010
Piraeus Bank reacting with sensitivity to consumers' needs and confirming for yet another time its proximity to the country's business world, announces the reduction of interest rates to 8.75% for all purchases to be made in the Greek market through its credit cards from 01.11.2009 to 28.02.2010 and at the same time increasing credit card limits by 25% for all clients with performing balances.
As in the beginning of the year, Piraeus Bank was the first to reduce interest rates in order to enable businesses to face the decreased demand - activating the market and ensuring job positions - the Bank continues to support businesses' effort to strengthen their sales and stimulate the market. At the same time, this offer enables households to meet their consumption needs at a reduced cost.