Athens Macedonian News Agency: News in English, 16-01-18

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] President Pavlopoulos stresses need for corrections by the creditors

[02] NBG shareholders approve sale of Finansbank, Finans Leasing

[01] President Pavlopoulos stresses need for corrections by the creditors

"The Greek people will meet their commitments in order to remain in the European family," Pavlopoulos underlined and added: "Then it's our partners turn to proceed to the necessary corrections. Especially as regards the sustainability of Greece's public debt and the so far, extremely dubious, austerity policy."

"Greece cannot even imagine its future without its European perspective, but the EE cannot either exist without Greece being an integral part of it," Pavlopoulos stressed.

Referring to the "unprecedented" crisis that the Greek people are facing, he asked its European partners to take into account the unprecedented crisis that tests the Greek people and to try to establish some mutual understanding despite some initial mistakes, obsessions and misconceptions.

Regarding the large number of refugees and undocumented migrants from the Middle East, he said that (Athens) "does its best, with full respect to the importance of human life and free development of each personality to safeguard its borders, which are the EU borders. The migration problem, however, may be tackled only if it is seen as a common, of prime importance, problem of all Member States of the European Union.

On the problem of international terrorism, he said "we have to face it, with sheer determination, as a crime against Humanity. That is why the determination to the fight against international terrorism is a matter which concerns the whole civilized humanity and requires the cooperation of all member states."

[02] NBG shareholders approve sale of Finansbank, Finans Leasing

National Bank will be the strongest bank in the Greek banking market, based on its capital and liquidity, with the aim to play a leading role in the recovery of the Greek economy and of social cohesion after completion of the sale of its subsidiary in Turkey, Finansbank, Luca Katseli, the bank's chairman said earlier.

Addressing the extraordinary general shareholders' meeting, Katseli said that completion of the deal will offer a significant boost in liquidity to the bank, 3.5 billion euros, which will be distributed to fund Greek enterprises and households while at the same time it will fortify the solvency and capital adequacy of National Bank.

The Greek banker said that completion of Finansbank's sale will allow National Bank to repay the biggest part of CoCos, worth 2.0 billion euros, offering benefits of around 150 million euros on an annual basis, repay the expensive Pillar 2 bonds and to gradually decoupled from ELA, offering significant flexibility and higher profitability to the bank (around 100 million euros annually).

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