Marfin Popular Bank Public Co Ltd (the "Bank") is pleased to announce the oversubscription of the Public Offer for Capital Securities for 2008, which closed on 27 June 2008.
The applications, which were received, reached euro 100.918.000 and exceed the amount of euro 83.841.000, which was offered. The Capital Securities will be allotted to the applicants pro-rata of the amount applied after the minimum amount of each application (euro 1.000) is satisfied for all applicants.
The letter of allotment to the applicants of the Public Offer of the Capital Securities will be sent on 11 July 2008 together with the amount to be returned because of the oversubscription.
It is reminded that because of the increased demand the private placement of the Capital Securities for 2008 (1st Tranche), which was made in April 2008, was finally extended to euro 116.159.000 as opposed to euro 100.000.000, which was initially announced.
The Bank is pleased of investors strong interest, which is indicative of their confidence on the Bank's strong prospects and profitability.
The Capital Securities will further strengthen the Hybrid Tier I Capital of the Bank.