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17.08.2010Block transaction announcement

Dear Sirs,

The international banking institutions International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) that together with National Bank of Greece (NBG), have entered as strategic shareholders in Stopanska Banka AD – Skopje in 2000, in accordance with their mutual agreement have sold their shares to the majority shareholder NBG.

The block transaction, organized and executed in compliance with the rules for block transaction of the Stock Exchange, refers to about 21% of the Bank shares, where the purchase price per share was agreed to be approximately MKD 574 (nominal value per share 201.1). The total block of shares was purchased for amount of around EUR 35M.

By this transaction, the National Bank of Greece has become the holder of approximately 94% of the shares in Stopanska Banka and additionally confirmed its long-term interest for presence in the market. This transaction is a strong indicator for the capital strength of NBG and the soundness, stability and long-term prosperity of Stopanska Banka.

As it has been the case in the past 65 years, Stopanska Banka AD - Skopje will remain one of the economic pillars of the country, will maintain its position as the leader in the local banking market and  the long-term interest and support as well as international presence of its principal shareholder NBG, as a prominent international bank group, will contribute to the continuous development of Stopanska Banka AD – Skopje.

Stopanska Banka AD – Skopje
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