In response to some press publications regarding the statements made yesterday by the Chairman of the BoD and CEO, Mr. Tryfon Kollintzas, before the Standing Committee on Economic Affairs of the Hellenic Parliament, the Management of Attica Bank announces the following:
- The publications about the interruption of the Bank’s operations are totally unsubstantiated. The public is reminded that on March 7th 2007, the Extraordinary General Meeting of the Shareholders of the Bank decided to proceed to a share capital increase of 150 million euros, which is already under way. The increase will lead to higher capital adequacy ratios and stronger growth.
- It is necessary that the fund providing supplementary pensions to the Bank’s employees be merged with ETAT. This will lead to higher capital adequacy ratios and improved competitiveness in the medium-to-long run, to the benefit of the Bank’s shareholders, customers, employees and pensioners. It has to be stressed that the decision to merge the Bank’s supplementary fund with ETAT dates back to the General Meeting held on September 16th 2005. ETAT’s Administration has voted unanimously for the merger in May 2006. The Chairman of the BoD and CEO, has made reference to the relevant decisions of the BoD and the General Meeting, which investors are already aware of.
Bank of Attica S.A.