Announcement

Completion of the disposal of a portfolio of non-performing loans

6 June 2018

Attachments

Hellenic Bank Public Company Limited (the Bank) has completed the sale of
a non-performing loan portfolio of predominantly non-retail secured and
unsecured exposures to B2Kapital Cyprus Ltd (the Transaction). B2Kapital
Cyprus Ltd, a company licensed by the Central Bank of Cyprus to operate as
a credit acquiring company, is a wholly owned subsidiary of B2Holding ASA, a
Norwegian corporation listed on the Oslo Stock Exchange. Further to the
Bank’s announcement on 2 January 2018, all required procedures under the
relevant legislation and the obtaining of applicable approvals and clearances
from the relevant regulatory authorities have been completed.

The Transaction is part of the Bank’s strategy for reducing its non-performing
loans and is at arm’s length.

The gross contractual outstanding balance of the assets sold pursuant to the
Transaction is €144m comprising of 1,082 borrowers and 1,809 facilities (in
each case as at 31 May 2018).

The Transaction is not expected to have a material impact on the income
statement and capital position of the Bank due to existing provisions taken
against these assets.

The Transaction is consistent with the Bank’s strategy of “fixing” the balance
sheet and at the same time it is in line with the European Central Bank and
International Monetary Fund guidelines on the management of non-performing
loans. In addition to organic reduction of the problematic portfolio, the Bank
remains focused to accelerate the de-risking of its non-performing exposures.

Β2Kapital Cyprus Ltd will contact the affected customers and their respective
guarantors / security providers, in accordance with applicable laws.


HELLENIC BANK PUBLIC COMPANY LTD