National Bank of Greece S.A. (NBG) informs investors that, in
the context of Articles 77 and 78 of Regulation (EU) 575/2013
(CRR) and following the conclusion of the sale of Finansbank, it
has addressed a letter to the Single Supervisory Mechanism (SSM)
of the European Central Bank requesting approval to repurchase
the contingent convertible bonds (CoCos) amounting to €2,029.2m
issued in December 2015 and held by the Hellenic Financial
Stability Fund (HFSF).
The aforementioned request is in line with NBG's Capital
Plan, as approved by the SSM on 13 November 2015, and the
Commitments stemming from NBG's updated Restructuring Plan, as
approved by the European Commission on 4 December 2015.
This announcement is made following a query by the Hellenic
Capital Market Commission.