Announcement | Eurobank
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Announcement

Following the announcement dated August 18, 2014 of Eurobank Ergasias S.A. (Eurobank) regarding the signing of an agreement with entities of the Ukrainian Delta Bank Group dated August 14, 2014, concerning the disposal of its Ukrainian subsidiary PJSC Universal Bank and the transfer of Ukrainian assets (“Transaction”), which was subject to receiving the necessary approvals by the competent authorities, Eurobank announces that the appropriate approvals have not been provided in order for the Transaction to be completed. Consequently, Eurobank decided to terminate the agreement with the Delta Bank Group.

Considering the impairment provisions charged in the first half of 2014, the Group's residual exposure in PJSC Universal Bank and other Ukrainian assets is €107 m.