The Board of Directors of Geniki Bank decided the merger of the Bank with its 100% subsidiary company under the name "GENIKI LEASING SA", by absorption of the latter, under the provisions of Law 2190/1920, 16 paragraph 18 of L.2515/1997 and Law 2166/1993 as currently in force, favoring the above absorption.

Consequently the merger procedure approved in the past under articles 69-77 and 78 of CL 2190/1920, 16 par 18 of Law 2515/1997 and LD 1297/1972 is cancelled.