Piraeus Bank has announced that it has an increase of 12% in total netrevenues for 2008 to €1,652 mn, Both Greek and international operationsrecorded notably satisfactory growth rates (12% and 73% respectively), showing astrong increase of a 30% y-o-y.

International units contributed to this result. Net fee income frominvestment banking and asset management business decreased, as it was affectedby the adverse conditions in capital markets (ATHEX Index down by 66% in2008 vs. 2007 and total assets of mutual funds in Greek market down by 58% forthe same period).

For more information on Piraeus Banks Financial Statements, please go to: http://www.piraeusbank.gr/