NATIONAL BANK OF GREECE

Athens, 26.7.2013

PRESS RELEASE

National Bank of Greece is playing an active role in the restructuring of the Greek banking system. Accordingly, following its participation in the tender process arranged by the Bank of Greece and the Hellenic Financial Stability Fund, NBG is to absorb the healthy part of Probank S.A.

Based on data as at 31 March 2013, the healthy part of Probank to be absorbed by NBG includes:

Assets: €3,103 million, of which €2,597 million are loans

Liabilities: €3,203 million, of which €3,123 million are deposits

Network: 112 branches throughout Greece

NBG's offer fully secures Probank's depositors and customers, whose transactions will continue to be carried out normally and without any change, so as to ensure the bank's seamless and uninterrupted operations.

The absorption of Probank's assets will be accompanied by a respective capital injection by the HFSF, while in the next phase independent auditors will carry out an assessment of Probank's balance sheet items. If it transpires that there is a difference between the current estimation of the value of transferred assets and liabilities and the final amount as determined by the assessment, the said difference will be covered by the HFSF in line with the established procedure, and will result in the provision of additional liquidity. 

NBG welcomes the managers and staff of Probank to its Group, recognizing the efforts they have made under adverse conditions to keep the bank at a high level, and looks forward to their participation, going forward, in the Group's efforts to meet the challenges that lie ahead.