Alpha Astika Akinhta S.A.

Annual / Quarterly Financial Statement • Oct 1, 2015

S.A REGISTRATION NUMBER : 6066/06/B/86/05 40 STADIOU STREET, GR - 102 52 ATHENS

					may visit the web site www.alpha.gr where the financial statements prepared in accordance with International Financial Reporting Standards (I.F.R.S.) are available together with the auditor's report.
INFORMATION OF ALPHA BANK					THE MEMBERS OF THE BOARD OF DIRECTORS CONSIST OF:
Registered office R.N.S.A.	: 6066/06/Β/86/05	: 40 Stadiou Street, 102 52 Athens			CHAIRMAN (Executive Member) EXECUTIVE DIRECTORS AND	NON-EXECUTIVE MEMBERS		NON-EXECUTIVE INDEPENDENT
Supervising authority		: Bank of Greece, Ministry of Development			Yannis S. Costopoulos GENERAL MANAGERS (Executive Members)	George E. Agouridis Sophia G. Eleftheroudaki	MEMBERS	Pavlos A. Apostolides
Date of approval of the Financial Statements (from which the condensed financial statements were derived) Certified Auditors	: February 26, 2008	: Marios T. Kyriacou (Α.Μ. SOEL 11121)			VICE CHAIRMAN Marinos S. Yannopoulos (CFO) (Non-Executive Member) Spyros N. Filaretos	Paul G. Karakostas Nicholaos I. Manessis	Ioannis K. Lyras	Evangelos J. Kaloussis
Audit company Type of Auditor's Report Web site address	: Unqualified opinion : www.alpha.gr	: Harry Sirounis (Α.Μ. SOEL 19071) : KPMG Certified Auditors S.A.			Minas G. Tanes Artemis Ch. Theodoridis MANAGING DIRECTOR (Executive Member)		Thanos M. Veremis
BALANCE SHEET		Consolidated	Alpha Bank		Demetrios P. Mantzounis INCOME STATEMENT FOR THE PERIOD	Consolidated			Alpha Bank
						From 1 January to			From 1 January to
		31.12.2007 31.12.2006 31.12.2007 31.12.2006				31.12.2007 31.12.2006			31.12.2007 31.12.2006
ASSETS
Cash and balances with Central Banks	3,263,612	2,675,702	1,650,327	1,477,675	Interest and similar income	3,406,725	2,699,217		3,106,845 2,442,729
Due from banks	3,509,696	4,636,712	7,349,675	6,184,088	Interest expense and similar charges	(1,801,472) (1,281,601)			(1,879,187) (1,301,845)
Securities held for trading Derivative financial assets	266,047 383,432	305,991 245,676	264,788 384,466	346,207 254,566	Net interest income	1,605,253	1,417,616		1,227,658 1,140,884
Loans and advances to customers		42,072,071 32,223,034 35,267,874 28,237,691			Fee and commission income	507,651	434,093	349,399	313,844
Investment securities					Commission expense	(43,061)	(33,985)	(27,480)	(21,399)
- Available for sale	3,156,901	7,552,602	6,300,377	7,462,388	Net fee and commission income	464,590	400,108	321,919	292,445
Investments in subsidiaries, associates and joint ventures	-	-	1,626,100	1,593,550
Investments in associates	5,320	4,091	-	-	Dividend income	2,254	2,700	45,462	52,907
Investment property	73,560	31,518	42,370	42,006	Gains less losses on financial transactions	82,542	55,496	(42,833)	121,626
Property, plant and equipment	1,173,275	935,996	603,831	544,636	Other income	81,432	66,655	34,878	15,015
Goodwill and other intangible assets	134,497	117,138	55,836	42,104		166,228	124,851	37,507	189,548
Deferred tax assets	170,257	276,973	158,160	261,363	Total income	2,236,071	1,942,575		1,587,084 1,622,877
Other assets	385,676	309,840 54,594,344 49,315,273 53,984,430 46,676,099	280,626	229,825	Staff costs	(526,935)	(476,085)	(386,694)	(368,852)
Non-current assets held for sale	89,945	484,387	54,706	92,513	General administrative expenses	(416,253)	(345,292)	(338,490)	(276,333)
TOTAL ASSETS		54,684,289 49,799,660 54,039,136 46,768,612			Depreciation and amortization expenses	(78,254)	(62,648)	(51,186)	(40,467)
					Other expenses	(3,903)	(3,431)	(2,486)	(1,686)
					Total expenses	(1,025,345)	(887,456)	(778,856)	(687,338)
LIABILITIES					Impairment losses and provisions to cover credit risk	(226,683)	(253,954)	(194,587)	(219,505)
Due to banks	4,437,736	6,686,526	5,637,562	7,222,117	Share of profit (loss) of associates	1,220	(408)	-	-
Derivative financial liabilities Due to customers (including debt securities in issue)	384,139	224,576 34,665,158 31,014,694 23,334,888 20,372,543	383,129	226,223		(225,463)	(254,362)	(194,587)	(219,505)
					Profit before income tax	985,263	800,757	613,641	716,034
Debt securities in issue held by institutional investors and other borrowed funds	9,189,297		6,348,467 20,521,976 15,148,320
Liabilities for current income tax and other taxes	158,797	129,077	127,863	110,102	Ιncome tax	(208,181)	(175,427)	(150,251)	(139,839)
Deferred tax liabilities	94,807	140,208	82,960	137,901		777,082	625,330	463,390	576,195
Employee defined benefit obligations	42,019	548,584	3,733	513,311
Other liabilities	1,323,554	675,003	1,159,012	584,358	Tax on reserves	(6,384)	(73,902)	(6,384)	(73,902)
Provisions	95,935	65,263 50,391,442 45,832,398 51,298,919 44,332,776	47,796	17,901	Profit after tax from continuing operations	770,698	551,428	457,006	502,293
Liabilities related to non-current assets held for sale	1,583	353,595	-	-	Profit after tax from discontinued operations	80,388	2,687	-	-
Total Liabilities (a)		50,393,025 46,185,993 51,298,919 44,332,776			Profit after tax	851,086	554,115	457,006	502,293
					Attributable to:
					Equity holders of the Bank	850,035	551,987	-	-
EQUITY					Minority interests	1,051	2,128	-	-
Share Capital	1,602,809	1,591,286	1,602,809	1,591,286
Share premium	184,033	127,961	184,033	127,961	Earnings per share:
Reserves Amounts recognised directly in equity relating to non-current assets	445,662	351,697	333,892	207,853	From continuing and discontinued operations Basic (€ per share )	2.10	1.40	-	-
held for sale	-	(2,576)	-	-	Diluted (€ per share)	2.09	1.40	-	-
Retained earnings	1,138,195	686,018	619,483	523,201	From continuing operations
Treasury shares	(188)	(14,653)	-	(14,465)	Basic (€ per share )	1.90	1.40	1.13	1.28
Equity attributable to equity holders of the Bank	3,370,511	2,739,733	2,740,217	2,435,836	Diluted (€ per share)	1.89	1.39	1.12	1.28
Minority interests	32,859	44,280	-	-
Hybrid securities	887,894	829,654	-	-	Proposed dividend for the year 2007 per share (€)			0.90
Total Equity (b)	4,291,264	3,613,667	2,740,217	2,435,836	Dividend for the year 2006 per share (€)				0.75
TOTAL LIABILITIES AND EQUITY (a) + (b)		54,684,289 49,799,660 54,039,136 46,768,612
CASH FLOW STATEMENT	Consolidated		Alpha Bank
	From 1 January to		From 1 January to		STATEMENT OF CHANGES IN EQUITY	Consolidated			Alpha Bank
		31.12.2007 31.12.2006 31.12.2007 31.12.2006				31.12.2007 31.12.2006			31.12.2007 31.12.2006
Net cash flows from continuing operating activities (a)	(5,104,982)		(943,130) (1,320,595)	(417,304)	Equity at the beginning of the period (1.1.2007 and 1.1.2006 respectively)	3,613,667	3,122,684		2,435,836 1,951,437
Net cash flows from continuing investing activities (b)	4,270,234	(115,558)	1,081,217	1,289	Profit after tax	851,086	554,115	457,006	502,293
Net cash flows from continuing financing activities (c)	(109,819)	(65,480)	(12,601)	(60,561)		4,464,753	3,676,799		2,892,842 2,453,730
Net increase / (decrease) in cash and cash equivalents					Exercise of stock options	61,605	6,472	61,605	6,472
from continuing activities (a) + (b) + (c)		(944,567) (1,124,168)	(251,979)	(476,576)	Change of participating interests in subsidiaries	(15,008)	(10,005)	-	-
Effect of exchange rate fluctuations on cash and cash equivalents	67	31,909	500	1,028	Dividends distributed	(305,498)	(238,981)	(304,421)	(237,556)
Total cash flows for the period from continuing activities		(944,500) (1,092,259)	(251,479)	(475,548)	Net income recognised directly in equity	84,509	(23,532)	78,829	(53,278)
Net cash flows from discontinued operating activities	-	762	-	-	(Purchases) / sales of treasury shares and hybrid securities	54,508	254,969	11,466	266,267
Net cash flows from discontinued investing activities Net increase / (decrease) in cash and cash equivalents from discontinued	160,700	1,514	-	-	Dividends paid to hybrid securities holders	(52,996)	(51,006)	-	-
activities	160,700	2,276	-	-	Other	(609)	(1,049)	(104)	201

Cash and cash equivalents at the beginning of the period 4,575,831 5,665,814 4,608,407 5,083,955 Equity at the end of the period (31.12.2007 and 31.12.2006 respectively) 4,291,264 3,613,667 2,740,217 2,435,836

The financial information set out below provides a general presentation of the financial position and results of Alpha Bank A.E. and the Group. The reader who seeks to have a complete view of the financial position and its results

Cash and cash equivalents at the end of the period 3,792,031 4,575,831 4,356,928 4,608,407

CONDENSED FINANCIAL DATA AND INFORMATION

(In accordance with law 2190 article 135, concerning financial institutions that prepare annual financial statements in accordance with International Financial Reporting Standards, I.F.R.S.) for the period from January 1, 2007 to December 31, 2007

(Amounts in thousands of €)

ADDITIONAL DATA AND INFORMATION

1. Companies included in the consolidated financial statements, other than "ALPHA BANK", as well as the 2. During the period 1.1.2007 until 31.12.2007 the following changes took place in the companies included in the consolidated financial statements: parent's participation, directly or indirectly in them as at 31.12.2007 are: a) Concerning companies which are fully consolidated:

A. Subsidiaries fully consolidated :	- New companies: The company Alpha Immovables Bulgaria E.O.O.D., founded by Alpha Astika Akinita A.E., was consolidated for the first time on 31.3.2007.
	Ionian Supporting Services A.E. and Ionian Investments A.E., founded by the Bank and Ionian Holdings A.E. respectively, and Ionian Equity Participations Ltd acquired

Ionian Supporting Services A.E. and Ionian Investments A.E., founded by the Bank and Ionian Holdings A.E. respectively, and Ionian Equity Participations Ltd acquired

No Company name	Registered office	Participation %	by the Bank, were consolidated for the first time on 30.6.2007. The company Alphalife A.A.E.Z., founded by the Bank, was consolidated for the first time on 31.12.2007.
1 Alpha Bank London Ltd	United Kingdom	100.00	- Renamed companies: Ionian Investments A.E. was renamed to APE Investment Property S.A. (27.11.2007).
2 Alpha Bank Cyprus Ltd	Cyprus	100.00	- Transfer within the Group: Alpha Private Investments Services A.E.P.E.Y. from the subsidiary Alpha Bank London Ltd to the Bank (29.6.2007).
3 Alpha Bank Romania S.A.	Romania	99.91	- Spin-offs: On 13.3.2007 the process of the separation of Rhodes Hotel sector, from subsidiary "Ionian Hotel Enterprises A.E." and its transfer to the subsidiary "Tourist
4 Alpha Bank AD Skopje	FYROM	100.00	Resorts A.E." was completed. On 21.3.2007 the restaurant - buffet sector of the subsidiary "Tourist Resorts A.E." was transferred to the subsidiary "Kafe Alpha A.E.".
5 Alpha Bank Jersey Ltd	Jersey	100.00	b) Concerning companies consolidated under the proportionate method:
6 Alpha Bank Srbija A.D.	Serbia	99.99	- New companies: The Bank acquired 50% of Anadolu Alpha Gayrimenkul Ticaret Anonim Sirketi participating together with Anadolu Group which was consolidated for
7 Alpha Leasing Α.Ε.	Greece	100.00	the first time on 30.6.2007.
8 Alpha Leasing Romania S.A.	Romania	100.00	- Change in measurement method: On 29.11.2007 the sale of 32.58% of the shares of APE Investment Property S.A. was completed. A shareholders' agreement
9 ABC Factors Α.Ε.	Greece	100.00	followed the above sale and the subsidiary converted to joint venture.
10 Alpha Asset Finance C.I. Ltd	Jersey	100.00	c) Concerning companies accounted for under the equity method:
11 Alpha Finance Α.Χ.Ε.P.Ε.Υ.	Greece	100.00	- Transfer within the Group: A.L.C. Novelle Investments Ltd from the Bank to the subsidiary Ionian Equity Participations Ltd (28.11.2007).
12 Alpha Finance US Corporation	U.S.A.	100.00	3. On 23.3.2007, the sale of 99.57 % of the shares of the subsidiary Alpha Insurance A.E. to AXA was completed. The results of Alpha Insurance A.E., which
13 Alpha Finance Romania S.A.	Romania	100.00	had been classified as discontinued operation and the profit from its sale, are included in the account "Profit after tax from discontinued operations" and analysed as follows:
14 Alpha Ventures A.E.	Greece	100.00		From 1 January to
15 AEF European Capital Investments B.V.	The Netherlands	100.00		31.12.2007	31.12.2006
16 Alpha Asset Management Α.Ε.D.Α.Κ.	Greece	100.00	Net Interest Income	860	5,501
17 Alpha Private Investment Services A.E.P.E.Y.	Greece	100.00	Net fee and commission income	409	2,381
18 ABL Independent Financial Advisers Ltd	United Kingdom	100.00	Gains less losses on financial transactions Other income (premiums etc.)	- 3,573	3,904 26,970
19 Alpha Insurance Agents A.E.	Greece	100.00	Total income	4,842	38,756
20 Alphalife Α.Α.Ε.Ζ.	Greece	100.00	Staff costs	(2,338)	(14,624)
21 Alpha Insurance Ltd Cyprus	Cyprus	100.00	General administrative expenses	(1,583)	(10,923)
22 Alpha Insurance Brokers S.R.L.	Romania	100.00	Depreciation and amortization expenses	(239)	(1,727)
23 Alpha Astika Akinita A.E.	Greece	84.10	Total expenses Impairment losses and provisions to cover credit risk	(4,160) _____-	(27,274) (1,200)
24 Ionian Hotel Enterprises A.E.	Greece	94.81
25 Oceanos Α.Τ.Ο.Ε.Ε.	Greece	100.00	Profit / (losses) before income tax	682	10,282
26 Alpha Real Estate D.O.O. Beograd	Serbia	100.00	Income tax	(421)	(7,595)
27 Alpha Astika Akinita D.O.O.E.L. Skopje	FYROM	100.00	Profit / (losses) after income tax	261	2,687
28 Tourist Resorts A.E.	Greece	100.00	Profit from disposal of Alpha Insurance S.A.	80,127	_____-

30 Alpha Credit Group Plc	United Kingdom	100.00
31 Alpha Group Jersey Ltd	Jersey	100.00
32 Alpha Group Investments Ltd	Cyprus	100.00	4. Due to reclassification of debt securities in issue held by the Bank's customers to "Due to customers", comparative figures of the respective liability accounts have been
33 Ionian Holdings A.E.	Greece	100.00	restated, as analysed in note 47 of Group's Financial Statements.
34 Messana Holdings S.A.	Luxemburg	100.00	5. According to the article No 10 of Law 3620/07 the former Alpha Credit Bank employees, members of the supplementary defined benefit pension fund, joined the
35 Ionian Equity Participations Ltd	Cyprus	100.00	state - sponsored common bank employee pension fund (Ε.Τ.Α.Τ.) on 1.1.2008.
36 Alpha Bank London Nominees Ltd	United Kingdom	100.00	6. The Bank and the companies Alpha Astika Akinita A.E., Messana Holdings S.A., Ionian Hotel Enterprises A.E., ABC Factors A.E. and Kafe Alpha A.E. have been audited
37 Alpha Trustees Ltd	Cyprus	100.00	by the tax authorities for the fiscal years up to and including 2005. Alpha Bank Romania S.A. has been audited by the tax authorities for the fiscal years up to and including
38 Flagbright Ltd	United Kingdom	100.00	2006. Tax audit is in progress at Alpha Finance A.X.E.P.E.Y. and Alpha Leasing A.E. for the fiscal years 2003 - 2006 and 2005 - 2006 respectively. The majority of the
39 Alpha Advisory Romania S.R.L.	Romania	100.00	remaining entities of the Group has been audited by the tax authorities up to and including fiscal year 2002.
40 Evremethea A.E.	Greece	100.00	7. No fixed assets have been pledged.
41 Kafe Alpha A.E.	Greece	100.00	8. There are no pending legal cases or issues in progress, which may have a material impact on the financial statements of the Group and the Bank.
42 Ionian Supporting Services Α.Ε.	Greece	100.00	9. The total employees of the Group as at 31.12.2007 were 12,907 ( 31.12.2006: 12,069 ) and the employees of the Bank as at 31.12.2007 were 7,693 ( 31.12.2006: 7,184 ).

6 Alpha Bank Srbija A.D.	Serbia	99.99	- New companies: The Bank acquired 50% of Anadolu Alpha Gayrimenkul Ticaret Anonim Sirketi participating together with Anadolu Group which was consolidated for
7 Alpha Leasing Α.Ε.	Greece	100.00	the first time on 30.6.2007.
8 Alpha Leasing Romania S.A.	Romania	100.00	- Change in measurement method: On 29.11.2007 the sale of 32.58% of the shares of APE Investment Property S.A. was completed. A shareholders' agreement
9 ABC Factors Α.Ε.	Greece	100.00	followed the above sale and the subsidiary converted to joint venture.
10 Alpha Asset Finance C.I. Ltd	Jersey	100.00	c) Concerning companies accounted for under the equity method:
11 Alpha Finance Α.Χ.Ε.P.Ε.Υ.	Greece	100.00	- Transfer within the Group: A.L.C. Novelle Investments Ltd from the Bank to the subsidiary Ionian Equity Participations Ltd (28.11.2007).
12 Alpha Finance US Corporation	U.S.A.	100.00	3. On 23.3.2007, the sale of 99.57 % of the shares of the subsidiary Alpha Insurance A.E. to AXA was completed. The results of Alpha Insurance A.E., which
13 Alpha Finance Romania S.A.	Romania	100.00	had been classified as discontinued operation and the profit from its sale, are included in the account "Profit after tax from discontinued operations" and analysed as follows:
14 Alpha Ventures A.E.	Greece	100.00		From 1 January to
15 AEF European Capital Investments B.V.	The Netherlands	100.00		31.12.2007 31.12.2006
16 Alpha Asset Management Α.Ε.D.Α.Κ.	Greece	100.00	Net Interest Income	860 5,501
17 Alpha Private Investment Services A.E.P.E.Y.	Greece	100.00	Net fee and commission income	409 2,381
18 ABL Independent Financial Advisers Ltd	United Kingdom	100.00	Gains less losses on financial transactions	- 3,904
19 Alpha Insurance Agents A.E.	Greece	100.00	Other income (premiums etc.) Total income	3,573 26,970 4,842 38,756
20 Alphalife Α.Α.Ε.Ζ.	Greece	100.00	Staff costs	(2,338) (14,624)
21 Alpha Insurance Ltd Cyprus	Cyprus	100.00	General administrative expenses	(1,583) (10,923)
22 Alpha Insurance Brokers S.R.L.	Romania	100.00	Depreciation and amortization expenses	(239) (1,727)
23 Alpha Astika Akinita A.E.	Greece	84.10	Total expenses	(4,160) (27,274)
24 Ionian Hotel Enterprises A.E.	Greece	94.81	Impairment losses and provisions to cover credit risk	_____- (1,200)
25 Oceanos Α.Τ.Ο.Ε.Ε.	Greece	100.00	Profit / (losses) before income tax	682 10,282
26 Alpha Real Estate D.O.O. Beograd	Serbia	100.00	Income tax	(421) (7,595)
27 Alpha Astika Akinita D.O.O.E.L. Skopje	FYROM	100.00	Profit / (losses) after income tax	261 2,687
			Profit from disposal of Alpha Insurance S.A.	80,127 _____-
28 Tourist Resorts A.E.	Greece	100.00	Profit after income tax from discontinued operations	80,388 2,687
29 Alpha Immovables Bulgaria E.O.O.D.	Bulgaria	100.00
30 Alpha Credit Group Plc	United Kingdom	100.00
31 Alpha Group Jersey Ltd	Jersey	100.00
32 Alpha Group Investments Ltd	Cyprus	100.00	4. Due to reclassification of debt securities in issue held by the Bank's customers to "Due to customers", comparative figures of the respective liability accounts have been
33 Ionian Holdings A.E.	Greece	100.00	restated, as analysed in note 47 of Group's Financial Statements.
34 Messana Holdings S.A.	Luxemburg	100.00	5. According to the article No 10 of Law 3620/07 the former Alpha Credit Bank employees, members of the supplementary defined benefit pension fund, joined the
35 Ionian Equity Participations Ltd	Cyprus	100.00	state - sponsored common bank employee pension fund (Ε.Τ.Α.Τ.) on 1.1.2008.
36 Alpha Bank London Nominees Ltd	United Kingdom	100.00	6. The Bank and the companies Alpha Astika Akinita A.E., Messana Holdings S.A., Ionian Hotel Enterprises A.E., ABC Factors A.E. and Kafe Alpha A.E. have been audited
37 Alpha Trustees Ltd	Cyprus	100.00	by the tax authorities for the fiscal years up to and including 2005. Alpha Bank Romania S.A. has been audited by the tax authorities for the fiscal years up to and including
38 Flagbright Ltd	United Kingdom	100.00	2006. Tax audit is in progress at Alpha Finance A.X.E.P.E.Y. and Alpha Leasing A.E. for the fiscal years 2003 - 2006 and 2005 - 2006 respectively. The majority of the
39 Alpha Advisory Romania S.R.L.	Romania	100.00	remaining entities of the Group has been audited by the tax authorities up to and including fiscal year 2002.
40 Evremethea A.E.	Greece	100.00	7. No fixed assets have been pledged.
41 Kafe Alpha A.E.	Greece	100.00	8. There are no pending legal cases or issues in progress, which may have a material impact on the financial statements of the Group and the Bank.
42 Ionian Supporting Services Α.Ε.	Greece	100.00	9. The total employees of the Group as at 31.12.2007 were 12,907 ( 31.12.2006: 12,069 ) and the employees of the Bank as at 31.12.2007 were 7,693 ( 31.12.2006: 7,184 ). 10. The related party transactions during the period 1.1.2007 until 31.12.2007 are as follows:
B. Joint Ventures consolidated under the proportionate method :			- with members of the Board of Directors and other key management personnel: a) of the Group: income € 477 thous., expenses € 28,194 thous. b) of the Bank: income
No Company name	Registered office	Participation %	€ 432 thous., expenses € 20,721 thous.
1 Cardlink A.E.	Greece	50.00	- with other related parties: a) of the Group: income € 33 thous., expenses € 2,971 thous. b) of the Bank: income € 345,411 thous., expenses € 938,099 thous.
2 APE Fixed Assets A.E.	Greece	60.10	The balances as at 31.12.2007 of the receivables and liabilities arising from the above transactions are as follows:
3 APE Commercial Property A.E.	Greece	60.10	- with members of the Board of Directors and other key management personnel: a) of the Group: receivables € 39,951 thous., liabilities € 52,532 thous., letters of
4 APE Investment Property S.A.	Greece	67.42	guarantee € 83 thous. b) of the Bank: receivables € 38,649 thous., liabilities € 43,123 thous., letters of guarantee € 83 thous.
5 Anadolu Alpha Gayrimenkul Ticaret Anonim Sirketi	Turkey	50.00	- with other related parties: a) of the Group: receivables € 277 thous., liabilities € 26 thous. b) of the Bank: receivables € 9,021,149 thous., liabilities € 22,198,714 thous.,
			letters of guarantee and other guarantees € 1,001,394 thous.
C. Associates accounted for under the equity method :

No Company name	Registered office	Participation %	€ 432 thous., expenses € 20,721 thous.
1 Cardlink A.E.	Greece	50.00	- with other related parties: a) of the Group: income € 33 thous., expenses € 2,971 thous. b) of the Bank: income € 345,411 thous., expenses € 938,099 thous.
2 APE Fixed Assets A.E.	Greece	60.10	The balances as at 31.12.2007 of the receivables and liabilities arising from the above transactions are as follows:
3 APE Commercial Property A.E.	Greece	60.10	- with members of the Board of Directors and other key management personnel: a) of the Group: receivables € 39,951 thous., liabilities € 52,532 thous., letters of
4 APE Investment Property S.A.	Greece	67.42	guarantee € 83 thous. b) of the Bank: receivables € 38,649 thous., liabilities € 43,123 thous., letters of guarantee € 83 thous.
5 Anadolu Alpha Gayrimenkul Ticaret Anonim Sirketi	Turkey	50.00	- with other related parties: a) of the Group: receivables € 277 thous., liabilities € 26 thous. b) of the Bank: receivables € 9,021,149 thous., liabilities € 22,198,714 thous.,

C. Associates accounted for under the equity method :

GROUP FINANCIAL REPORTING OFFICER GEORGE N. KONTOS

No Company name	Registered office	Participation %
1 Evisak A.E.	Greece	27.00
2 AEDEP Thessalias & Stereas Ellados	Greece	50.00
3 A.L.C. Novelle Investments Ltd	Cyprus	33.33
			Athens, February 26, 2008
THE CHAIRMAN OF THE BOARD OF DIRECTORS	THE MANAGING DIRECTOR		THE EXECUTIVE DIRECTOR
YANNIS S. COSTOPOULOS	DEMETRIOS P. MANTZOUNIS		MARINOS S. YANNOPOULOS