Further to its announcement dated 17 March 2011, "Marfin Popular Bank Public Co Ltd" hereby announces that the Board of Directors, at today's meeting, approved the Final Audited Financial Statements of the Group and the Bank for 2010.
The Board of Directors decided to recommend to the Annual General Meeting of the Shareholders the distribution of dividend €0.10 per share in the form of shares to be issued by the Bank at an issue price of €1 per share.
Given the expected completion of the cross border merger through absorption of "Marfin Egnatia Bank" by "Marfin Popular Bank Public Co Ltd" on 31 March 2011, the Board of Directors proceeded with a management restructuring. In this framework the Board appointed Mr. Iraklis Kounadis as Country Manager with regard to the Greek Operations, carrying out the duties of Deputy Chief Executive Officer of the Group. Mr. Kounadis maintains his present position as Chief Executive Officer of "Investment Bank of Greece".
The Board of Directors thanked the Chief Executive Officer of "Marfin Egnatia Bank", Mr Kostas Vassilakopoulos, for his essential and important contribution in the development and establishment of the Bank in Greece as well as the successful implementation of the procedures of the cross border merger of the two banks. Mr. K. Vassilakopoulos will take up the position of Management Advisor with regard to the Greek Operations.
The Annual Financial Report, which includes the Financial Statements, will be available on the website of the Group (www.marfinbank.gr), on the website of the Cyprus Stock Exchange (www.cse.com.cy) as well as the website of the Athens Exchange (www.athex.gr). Copies will be available at the Shares and Debentures Department of the Group, 124 Strovolos Avenue (4th floor), Strovolos 2042, Nicosia.