Eurobank EFG: Second & Third Quarter 2012 Financial Results

Eurobank EFG: Second & Third Quarter 2012 Financial Results 
ATHENS, GREECE -- (Marketwire) -- 12/20/12 --  Eurobank EFG (ATHEX:
EUROB), Second & Third Quarter 2012 Financial Results. 

--  Total PSI loss of EUR 6bn after the new GGBs buyback. The Bank's
    initiatives strengthen capital organically by EUR 1.9bn cumulatively
    since the beginning of the crisis. Total recapitalization needs stand
    at EUR 5.8bn, determined by the Bank of Greece (including BlackRock
--  As a result of the above, the EBA Core Tier I Ratio reached 11.5%
    (pro-forma) 1,against a minimum of 9%.
--  Deposits in Greece rise by EUR 1bn in 3Q2012, a trend which continues
    until today.
--  Net interest income drops by 4% q-o-q, due to higher funding cost,
    widening of euribor vs ECB, lower bond income and delay in
--  Operating expenses further down by 5% in the quarter. Cumulative 22%
    reduction since 2008.
--  Non performing loans increase to 17% of total loans, from 14% in
    1Q2012. 90+ formation in Greece spiked in 2Q2012, contracting in
    3Q2012. Bad debt provisions up by 23% y-o-y in the nine months of
--  Net result negative by EUR 223min 3Q2012, hit by higher provisions and
    lower income.
--  Self-funded international operations. Profits outside Greece recover
    in 3Q2012.

Eurobank EFG Second & Third Quarter 2012 Financial Results Press
 (Please click on the link below to view full press release) 
Second & Third Quarter 2012 Financial Results Press Release 
Eurobank EFG Second & Third Quarter 2012 Financial Results
 (Please click on the link below to view 1Q 2012 Results
 Second & Third Quarter 2012 Financial Results
About Eurobank EFG 
 Eurobank EFG group is a European banking
organization with total assets of EUR 73.6bn, offering universal
banking across eight countries. Eurobank is Greece's second largest
bank. It holds lead positions in Bulgaria, Romania and Serbia, offers
discerning Wealth Management services in Cyprus, Luxembourg and
London and is also present in the Ukraine. 
The Group offers 
a full range of banking and financial products and
services to households and enterprises. Retail Banking, Corporate
Banking, Investment Banking and Asset Management are part of its
activities. The Group offers customised client service, based on the
combined knowledge and experience of its employees, across all
countries of presence. The performance of the Eurobank people is
recognized through numerous awards and distinctions that the Group
receives at a local and international level.
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Eurobank EFG 
EFG Eurobank Ergasias, 20 Amalias Avenue, 105 57 Athens, Greece
Fax: +30 210 3337 160
Reuters: EFGr.AT
Bloomberg: EUROB GA 
Investor Relations
Dimitris Nikolos 
Tel: +30 210 3337688 
Yannis Chalaris 
Tel: +30 210 3337954 
Anthony Kouleimanis 
Tel: +30 210 3337537 
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