BANK OF GREECE

Evaluation of Primary Dealers' performance in the Greek government bond
market

The ranking of the Primary Dealers on the basis of their activity in the Greek government bond market in September 2002 is as follows:

1. National Bank of Greece
2. Piraeus Bank
3. Alpha Bank
4. Lehman Brothers International (Europe)
5. EFG Eurobank-Ergasias
6. JP Morgan Securities Ltd
7. CSFB (Europe) Ltd
8. UBS AG
9. Deutsche Bank AG
10. HSBC Bank plc
11. ING Bank NV
12. Goldman Sachs International Ltd
13. Salomon Brothers International Ltd
14. Morgan Stanley & Co. International Ltd
15. San Paolo-IMI Bank
16. Commercial Bank of Greece
17. BNP Paribas
18. Merrill Lynch International

In the period January-September 2002, the Primary Dealers are ranked as follows:

1. National Bank of Greece
2. EFG Eurobank-Ergasias
3. Alpha Bank
4. Piraeus Bank
5. Commercial Bank of Greece
6. UBS AG
7. JP Morgan Securities Ltd
8. Salomon Brothers International Ltd
9. BNP Paribas
10. Lehman Brothers International (Europe)
11. HSBC Bank plc
12. Merrill Lynch International
13. Morgan Stanley & Co. International Ltd
14. Deutsche Bank AG
15. CSFB (Europe) Ltd
16. ING Bank NV
17. San Paolo-IMI Bank
18. Goldman Sachs International Ltd