Thursday, March 28, 2013

 ANNOUNCEMENT

Reply to the Hellenic Capital Market Commission's request dated 27.3.2013

In reply to the Hellenic Capital Market Commission's request dated 27.3.2013, Eurobank Ergasias S.A. announces that the Eurobank Group operates in Cyprus through its subsidiary, Eurobank Cyprus Ltd («Bank»). Today, the Bank's operations are carried out through a network of seven banking centres, focusing in Wholesale Banking and International Business Banking exclusively.

The total assets of the Bank stand at €4.2 billion, out of which, €1.7 billion, only, relate to assets in Cyprus. The capital base of the Bank amounts to €570m., while the capital adequacy ratio as at December 31, 2012, stood at the very strong levels of 32.48%, which, combined with the very good quality of the loan portfolio, strengthen the shield toward the risks of the current economic conditions.

On March 15, 2013, the deposits of the Bank amounted to €2.9 billion, while the amount of loans to €1.5 billion, out of which, €0.7 billion is fully cash collateralised. The Bank maintains strong liquidity, with cash invested in low risk short-term investments, outside Cyprus, amounting to €1.7 billion. According to the recent decisions of the Eurogroup and the Authorities of the Republic of Cyprus, none of the deposits of the customers of the Bank suffer any impairment or levy. The Bank maintains high liquidity rates and buffers, significantly above the minimum regulatory limits, which enables it to withstand, even in extreme scenarios of deposits' decrease.

Eurobank Group's operating income ratio from its activities in Cyprus, corresponds to 5.7% of its total operating income.

Both the Eurobank Group as whole, as well as its subsidiary bank in Cyprus do not hold deposits at the Bank of Cyprus or the CPB in Cyprus. The Group's exposure to securities of these banks is less than €4 million.