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National Bank of Greece S.A. Message Board

  • johnmajor44 johnmajor44 Jul 27, 2013 4:34 PM Flag

    NBG to Absorb Probank ( Greek memo translate usng google tarnslation )

    Athens
    26/07/2013
    PRESS RELEASE
    The Bank actively participating in the restructuring of our credit system and after participating in tender process launched by the Bank of Greece and the EFSF, absorbs sound portion of the bank PROBANK AE
    A healthy portion of PROBANK, based on data March 31, 2013, which will be absorbed by the National Bank concerns:
    • € 3.103 million in assets, of which € 2.597 million Loans
    • € 3.203 million in liabilities, of which € 3.123 million Deposits
    • Network 112 stores throughout Greece
    The offer of the National Bank fully guarantee depositors and customers of PROBANK, whose transactions will be carried out properly and without any change to ensure the smooth operation of the bank.
    The absorption of the assets will be accompanied with appropriate capitalization of the EFSF and next time, independent auditing firm will evaluate the Balance Sheet of PROBANK. If a dispute arises between the temporarily apotimitheisas value of assets and liabilities and final value as derived from the evaluation will be covered by the EFSF, in accordance with the applicable procedure, and will have the effect of providing additional liquidity.
    The National Bank welcomed the officers and employees of PROBANK within the Group recognizes the efforts made under adverse conditions to keep the bank at a high level and looks forward to their active participation to meet the challenges set by the Group in the future .

 
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