· 2008 earnings guidance of euro 500-euro 600m
· Distortions on current regulatory framework in Cyprus
During his speech on the Group's AGM that took place on 15/05/08 in Nikosia, Andreas Vgenopoulos, MPB's Executive Vice Chairman, made the following statement:
< There are currently some distortions on the regulatory framework in Cyprus, affecting competition and thus putting the Cyprus banks at a disadvantage vis-a-vis the non-Cypriot banks operating in Cyprus. Currently we have a constructive dialogue with the Cyprus regulatory authorities, and we take the view that some pending issues will be resolved thus affecting positively our profitability>>.
An update on the above will be provided upon the release of the first quarter 2008 results on the 29th of May.