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Nine - Month 2010 Financial Results

30 November 2010.

Media release

Liquidity and capital adequacy ratios improve, despite the adverse conditions

Nine - Month 2010 Financial Results
  • Liquidity and capital adequacy ratios improve, despite the adverse conditions
  • Net income at €105m1 in 9M10, down 62%yoy. 3Q10 net income at €10m
  • Central and Southeastern Europe profits advance to €19m in 9M10, from losses of €36m a
    year ago
  • Group operating expenses recede by 3%yoy
  • Bad debt provisions decrease and the formation of loans past due decelerates in 3Q10 vs
    2Q10
  • Customer deposits increase to €43.6bn in 3Q10, mainly due to the performance outside
    Greece
  • Liquidity conditions improved in 3Q10, with interbank funding available for Greek Gvn’t
    and other issuers bonds
  • Loan balances slightly fall to €57.6bn in 3Q10, loan growth decelerates to 2%yoy. New
    disbursements in Greece exceed €4bn in 9M10
  • Strong capital adequacy, which improved in 3Q10: Total Tier I 10.7% and Total Capital
    Adequacy Ratio 11.9%

“The efforts to rehabilitate the Greek economy are taking place against the backdrop of strong external
headwinds. The targets that have been set are achievable, provided we remain committed to the strict
implementation of fiscal consolidation and structural reforms, accelerating the pace and intensity of our efforts.

At the same time, it is imperative to undertake additional initiatives that will lay the foundations for future
economic growth and for exiting the crisis.

In spite of the challenging external conditions prevailing this past quarter, our Group managed to improve its
capital adequacy and strengthen its liquidity position, compared to the previous quarter, increasing its deposit
base and implementing appropriate transactions in the secured interbank market. Capital and liquidity remain
our key priorities, and targeted initiatives already underway are expected to soon strengthen the relevant ratios even further.

There are also signs of an encouraging trend in the evolution of asset quality. The formation of new loans past
due experienced a noticeable improvement in this past quarter, leading to a lower provision charge for bad
debts.

At Eurobank EFG, we remain committed to the effort of supporting our clients to weather the economic crisis
and to actively contribute to the development of the economies in which we operate”.

Nicholas Nanopoulos - CEO

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