General Electric Corporation, Banco Portugues de Investimento SA (?BPI?) and the Romanian State Ownership Fund have agreed the participation of EFG Eurobank SA in the equity of Banc Post SA (?Banc Post?). BPI and EFG Eurobank shall be the new strategic investors of Banc Post. This agreement is subject to legal and regulatory approval.The new shareholding structure brings to Bank Post a new partner with significant retail banking presence in the region and strengthens its presence and growth potential in the Romanian market.Banc Post is a major bank in Romania with total assets of ROL 7.300 billion (USD 365 million) and pre-tax profit of ROL 289 billion (USD 14.4 million), according to 1999 IAS accounts. In the first quarter of year 2000, it had a branch network of 130 units providing a broad range of financial products in the domestic market. The Bank's capital adequacy ratio was about 30% and its liquidity ratio was in excess of 47%.EFG Eurobank is part of the EFG Bank Group, which consists of banks and financial services companies. The ultimate parent company is EFG Bank European Financial Group, a bank incorporated in Switzerland and controlled by Latsis family interests. The EFG Bank Group is the third largest Swiss banking group in terms of equity and it provides prime quality financial services.EFG Eurobank is a universal bank in Greece and has focused its operations in retail banking, asset management, investment banking and capital markets where it already maintains leading market shares.The Bank is in the process of merging with Ergobank, another leading bank in Greece that is also controlled by the EFG Bank Group. Deutsche Bank has a 10 % stake in both EFG Eurobank and Ergobank. At completion of this merger, the new entity will be the third largest financial group in Greece with a network of 330 branches and shareholders equity of GRD 600 billion (USD 1.7 billion), as at December 31st 1999.