The bank is preparing for a c. €100 million share capital and a friendly merger with the Cooperative Bank of Chania.

The deposit facility will be increased to 0.50%, with effect from 27 July 2022.

The Company’s Net Asset Value (NAV) as of 31.03.2022 amounted to €1,353m (equivalent to €7.72 per share), marginally lower (-0.6%) vs. 31.12.2021.

The newly issued €600 million 15-year bond was fully subscribed by the National Bank of Greece and Piraeus Bank.

Accommodation and Food Service sector turnover soared 242%.

EPRA's opinion on the impact of economic challenges

The portfolio consists predominantly of legacy non-performing loans.

According to JLL's 2022 Global Real Estate Transparency Index

The conference was entitled "Innovative technologies in the Greek Real Estate market"