The net result of PROTON Group for 1H2011 recorded a loss of € 29.96 mil., versus profits of € 1.01 mil. during 1H2010, whereas before taxes and provisions the PROTON Bank consolidated profits amount to € 6.95 mil. (1H2010: € 23.58).

More specifically:

Net interest income during 1H2011 reached € 34.61 mil., as compared to € 31.67 mil. during 1H2010, recording a 9.29% y-o-y increase.

Net fee and commission income during 1H2011, reached € 3.06 mil, versus € 24.24 mil. during the equivalent period of 2010, recording a 87.38% decline.

Net income from financial instruments recorded a loss of € 2.57 mil., versus losses of € 5.22 in 1H2010.

Total operating income during the first half of the year reached € 36.32 mil., as compared to € 52.13 mil. during the equivalent period of 2010, recording a 30.33% y-o-y decline.

Group total operating expenses, including provisions and depreciation during the first half of the year, reached € 72.41 mil., versus € 50.29 mil. during the equivalent period of 2010, recording a 44.00% y-o-y increase, that is largely attributed to the increase in provisions.

The Group has undertaken new provisions for impairment losses on loans and other assets that burden 1H2011 results by € 43.05 mil., as compared to new provisions of € 21. 73 mil. during 1H2010.

Within the context of the Private Sector Involvement (PSI) in the lengthening of the public debt profile where the Greek State has asked domestic banks and social security funds to participate in this scheme, the Management of the Bank, after considering the Bank’s exposure to Greek public debt securities eligible for this scheme amounting to € 691 mil., has decided not to participate in the PSI scheme.

Customer deposits at 30.06.2011 amounted to € 1,788.68 mil., recording a 7.52% decline from the beginning of the year. Net loans to customers (after provisions) amounted to € 1,989.11 mil., recording a 1.93% increase. The net loans to deposits ratio stood at 111.21%.

The Tier I ratio stood at 9.61% at 30.06.2011, whereas the Capital Adequacy ratio stood at 11.52%.

Group total assets amounted to € 3,525 mil., whereas the Group’s regulatory capital on 30.06.2011, stood at € 332 mil.

 Athens, September 8th, 2011