For the first quarter of 2006, MARFIN F.G. reported on a consolidated basis net profit attributable to shareholders of Euro 31,1 million, an increase of 361% from the same period last year.

These profits correspond to Euro 0,61 per share v.s. Euro 1,6 per share guidance for all 06 (Euro 82 million).

Furthermore, during the same period, the net income directly recognized in equity amounted to an additional Euro 42,2 million (Euro 0,83 per share) deriving from the overvalue of the Group's strategic investments.

For Q1 06, MARFIN F.G. has fully consolidated the Egnatia Group but the consolidated results include only 3 days out of 90 of Egnatia Group results. Furthermore, MARFIN F.G. didn't consolidate Laiki Bank Cyprus and there was not any relevant profit contribution. The contribution of the investments in Egnatia Bank and Laiki Bank Cyprus will start appearing in MARFIN F.G.'s books gradually from the 1st half 06 results.

Despite the fact that there was no contribution to the profitability of MARFIN F.G. from the capital invested in Egnatia Bank and Laiki Bank Cyprus, the return on equity improved to 18,7% while the cost/income ratio reached 17,2%. On a standalone basis, MARFIN F.G.'s loans and advances to customers increased by 26% to Euro 617 million between 31/12/2005 and 1q 06, while customers' deposits grew by 20% to €894 million relative to 31/12/2005.

Total assets for the period stood at Euro 2.030 million compared to Euro 1.634 million for the year ending 31st December 2005 while on a consolidated basis with Egnatia Bank the total assets amounted to Euro 5.418 million. The shareholders equity of the Group after minority rights amounted to €703 million.

MARFIN F.G. is going to distribute Euro 0,42 per share to shareholders on record as of 06/06/06 (ex-dividend date 07/06/06) while the distribution will commence on 15/06/06 through Egnatia Bank.

Mr Andreas Vgenopoulos, Vice Chairman and CEO of MARFIN F.G., made the following comments on the 1q 06 results and the developments of the company's business plan:

"The substantial organic growth of MARFIN F.G. during 2005 is continuing and accelerating during 2006. Furthermore, the announced strategic expansion of the Group through acquisitions and mergers in the mid cap banking sector is materializing at a great speed and success.

The acquisition phase of this plan has already been concluded and the execution phase of the consolidation is expected to be officially announced and commence on the 1st July 2006.

We are happy because we have honored the trust and confidence of our shareholders particularly those strategic and institutional investors who by oversubscribing the recent share capital increase of €400ml by the end of 2005 gave us the opportunity to achieve our targets.

Today MARFIN F.G., apart of the execution of the consolidation, is at the stage of exploiting the synergies deriving from the cooperation with DUBAI FINANCIAL, its new large shareholder, which will result in relevant modifications and/or expansion of its business plan, which among others, will take into consideration the investment opportunities deriving from the growing economy of Greece and the wider area of Southeastern Europe”.

Note: On www.marfingroup.gr you can find the investors' release followed by the detailed financial results of the Group.