In response to 1495/04.04.2006 letter of the Hellenic Capital Market Commission regarding an article presented in the website Reporter, we inform you the following:

GENIKI Bank does not have any discussion with any leasing company in Greece in order to acquire it, but Societe Generale Consumer Finance and Geniki Bank have submitted an application file to the Bank of Greece to turn and rename the General Cards Services to a financial institution. General Cards Services is today a 100% subsidiary of Geniki Bank dedicated to the credit cards facility management. After the approval of the Bank of Greece, the ownership of the company will be 51% Societe Generale Consumer Finance and Geniki Bank will hold the remaining 49%.

Societe Generale Consumer Finance is a part of the Societe Generale's Specialized Financial Services Division (DSFS), Societe Generale Consumer Finance already operates in 14 countries (France, Italy, Germany, Portugal, Marocco, Tunisia, Roumania, Czech Republic, Russia, Poland, Ukraine, Bulgaria, Hungaria, Brazil) while DSFS operates in 38 countries.

Consumer Finance is one of the main business lines within DSFS. This activity answers all the financial needs of households with adapted offers for the purchase of equipment or services, whether they need to buy a new household appliance or acquire a car. Consumer Finance subsidiaries are recognized for the quality of their financial products and their management know-how. They are privileged partners of large retailers as well as of the Societe Generale network.