Regarding reports in the electronic press about alleged interest of the Eurobank Group in the acquisition of the Bulgarian bank First Investment Bank ("FIB"), Eurobank Ergasias declares that these reports do not correspond to reality.

According to a Bloomberg news flash cited in the morning reports of Greek brokerages, Eurobank Bulgaria and Unicredit Bulbank are in advanced negotiations to buy First Investment Bank, the fifth-largest banking group in Bulgaria by assets.

According to the same reports, the deal's offers could total up to €500 million by the end of May. The move, the paper said, is in line with the bank's strategy to expand its activities in its core markets (Greece, Bulgaria, and Cyprus).