Replying to a relevant question, Mr. Sallas explained that henceforth, when banks have a big loan and the firm is unable to repay part of it, they will move forth with a share swap so that there can be a greater involvement of the bank inbusiness.

The same tactic is expected to be followed by other banks.

Mr. Sallars, referring to the burning issue of warrants, stressed that during the summer, Piraeus Bank and other banks will submit their proposals to the FSF and the Fund will decide what will happen.

During his speech, the head of the banking group stated that in 2013, Piraeus Bank, through the acquisition of 4 additional banks, became the largest banking group in the country, and has managed to achieve a capital increase of EUR 1.75 billion.

Additionally, Mr. Sallas, when asked when the bank will resume distributing dividends, did not show his cards, but responded that it will happen soon.

The CEO of the group, Mr. Anthimos Thomopoulos, during his speech, pointed out, inter alia, that from now on Piraeus Bank will focus its attention on attracting deposits and asset management, while deputy CEO Mr. St. Lekkakos pointed out that during 2013, a highly successful voluntary retirement program of about 2000 people, took place without any hitches.