NATIONAL BANK OF GREECE 27/10/2014
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Further to previous announcements by National Bank of Greece ("NBG") regarding the results of the EU-wide comprehensive assessment exercise and the approval, on 23 July 2014, of the Bank's Restructuring Plan by the European Commission, NBG informs investors that the said Restructuring Plan includes, inter alia, the sale of a minority stake in Finansbank, the sale of the Astir hotel complex, and the sale of 100% of NBGI (Private Equity). The Adverse Dynamic Balance Sheet Scenario, which takes into account the Restructuring Plan that was subjected to particularly rigorous review by the ECB applying the same principles and methodology as the Static Balance Sheet Scenario, results in a CET1 ratio of 8.9% and a capital surplus of €2bn or 340 bps above the threshold of 5.5%. This amount does not include additional regulatory capital to be recognized as a result of the Deferred Tax Credit law enacted on 16/10/2014.
Furthermore, NBG will announce the Q3.2014 results of the Bank and the Group on Thursday, 6 November 2014, at 17:30 local time. A conference call will follow at 18:00 on the same day for the presentation and discussion of results.
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