Preliminary Financial Results for the Year Ended 31 December 2012

HELLENIC BANK PUBLIC COMPANY LIMITED

Preliminary Financial Results for the year ended 31 December 2012

Presentation to Investors

28 February 2013 Disclaimer

Certain statements in this presentation/announcement including any accompanying slides and subsequent discussions with respect to the business strategy and plans of the Hellenic Bank Group (term which includes the Hellenic Bank Public Co Ltd and its subsidiary and associate companies), its current goals and expectations, its projections, beliefs, possibilities relating to its future financial condition and performance are forward - looking.

By their nature, forward - looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Therefore these risks and uncertainties could adversely affect the outcome and financial effect of what is described herein and the reader or the audience are cautioned not to place undue reliance on such forward - looking statements.

When relying on forward - looking statements to make decisions, investors should carefully consider that there are several factors that influence same such as, but not limited to, domestic and global economic and business conditions, market related risks such as interest or exchange rate risk, unexpected changes to regulation, competition, technological conditions and other.

The forward - looking statements contained in this presentation/announcement are made as at the date of this presentation / announcement and the Hellenic Bank Group undertakes no obligation to update or revise any of same unless otherwise required by applicable law.

Nothing in this presentation/announcement constitutes an offer to sell, or the solicitation of an offer to buy, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

This presentation/announcement or any copy thereof should not be taken or transmitted directly or indirectly to any country or jurisdiction where there are restrictions such as the United States of America, Australia, Canada or Japan. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian or Japanese securities law. The distribution of this presentation/announcement in other jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe, any such restrictions.

The securities issued by Hellenic Bank Group have not been and will not be registered under the applicable securities laws of USA, Australia, Canada or Japan.

Topic Pages

Quarter Highlights – Recent 1. 4 – 10 developments

2. 2012 Preliminary Financial Results 12 – 24

3. Strategic Targets and Prospects 26

4. Economic Environment 28 – 31

5. Other Information 33 – 40

Resilient 13% (y-on-y) increased recurring profits from underlying ordinary activities (before provisions) performance Total net income increased by 42% (y-on-y) Total expenses remained flat (y-on-y) despite the Increased additional tax burden provisions SIGNIFICANT CAPITAL Significant Significant enhancement of the capital base progress on through the 2012 Capital Enhancement Plan ENHANCEMENT capital Effective management of resources AND Core Tier I ratio of 8,2% RESILIENT Focus on risk Effective management of risk weighted assets BUSINESS management No dependency on the interbank market or the PERFORMANCE ECB or ELA

Solid results Sound business performance in 2012 in a slow Deposits increased by 9% (y-on-y) growth Healthy Net Loans to Deposits ratio of 61% environment

Ample liquidity Stable funding base

Steady and Strong Net Loans to Deposits Ratio

Liquid Assets as a percentage of Total Assets

aaa Strong deposit franchise aaa No dependency on the interbank market or the ECB

6 © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English) 2012 Capital Enhancement Plan and securities voluntary conversion Significant enhancement of the capital position The Group received €51mln through the Capital Enhancement Plan. Further Core Tier I capital increase of €15mln through securities conversion. Shares issued within the framework of the Capital Number of Capital Enhancement Plan shares raised €’000 Pre-Capital Enhancement Plan issued shares 308.019.635 Shares issued as a result of the exercise of Rights 68.038.027 29.256 Shares issued through the Pre -registration procedure 40.720.347 17.510 Shares issued as a result of the exercised of Rights not subscripted by their holders and not allocated through the Pre-registration procedure 9.593.886 4.125 Bonus shares 177.527.028 - Total new shares 295.879.288 50.891 Total issued shares – Nov. 2012 603.898.923 Voluntary conversion of 15mln of Non Cumulative Convertible 15.790.297 15.001 Perpetual Capital Securities (31 Dec. 2012) Total issued shares – Dec. 2012 619.689.220 65.892

Non Cumulative Convertible Capital Securities can be converted, at the option of the holder, to ordinary shares of Hellenic Bank between 15-31 March, 15-30 June, 15-30 September and 15- 31 December each year with the first conversion period being on 15-31 December 2012 and the last conversion period on 15-31 December 2020.

The applicable conversion price, of each conversion period, is determined according to the average closing price of the share in the Cyprus Stock Exchange at the last five trading days before the conversion period minus 20% with a minimum conversion price of €0,95. The minimum conversion price is subject to adjustment in the circumstances described in the prospectus.

Next conversion period: 15 March 2013 – 29 March 2013 The applicable conversion price will be announced to the Cyprus Stock Exchange and the Securities and Exchange Commission on 14 th of March 2013 (after the market close).

Further enhancement of the capital position During the first conversion period (15-31 December 2012) €15mln of Non Cumulative Convertible Capital Securities (Tier I capital) have been converted to Core Tier I.

Main shareholders by name Shareholders by type

2012

CBC Min. Req. Increased by the add-on effected by the CBC 31 Dec. 2012 (function of the Bank’s assets against the GDP).

The Group maintains strong capital position. The Bank continues to further enhance its capital position through targeted actions including the effective management of risk weighted assets.

Topic Pages

Quarter Highlights – Recent 1. 4 – 10 developments

2. 2012 Preliminary Financial Results 12 – 24

3. Strategic Targets and Prospects 26

4. Economic Environment 28 – 31

5. Other Information 33 – 40

Preliminary Consolidated Income Statement Highlights for the year ended 31 December 2012:

Net Interest Margin -Group

Net Interest Margin -Cyprus Net Interest Margin -Greece

» Interest income increased by 3% (y-o-y) and interest expense by 13% (y-o-y) resulting in net interest income decrease of 5% (y-o-y). » Profit from ordinary operations before GGBs impairment and provisions increased by 13% (y-o-y). » Total net income increased by 42% (y-o-y). » Net fees and commission income increased by 8% (y-o-y).

Expenses Structure 2012 2011 YonY % *: Include €10,9mln €'000 €'000 % non-recurring/additional Staff costs 108.946 64% 122.360 (11%) expenses and taxes Depreciation 6.281 4% 6.321 (1%) (special levy) . Administrative and 54.040 *32% 39.940 35% other expenses Total Expenses 169.267 168.621 0%

Cost to Income Ratio Number of Employees

Balance Sheet Highlights as at 31 December 2012 2012 % 2011 € mln growth € mln

Net Loans 4.745 (5%) 4.987 Cash and placements 2.793 50% 1.865 with other banks Investments 950 (18%) 1.160

Customer Deposits 7.767 9% 7.107

Loan Capital 305 (5%) 320

Robust Balance Sheet Structure

Customer Healthy Customer deposits loans to loans deposits ratio 61%

Cash and placements with other banks

Deposits by Debt and Equity banks Securities Loan capital OtherEquity OtherOther Other OtherOtherOther OtherOther Other

Group Gross Loans by Sector:

Group Net Loans: Y-on-Y -75mln Y-on-Y -49 mln

Y-on-Y -36mln Y-on-Y +10mln

2011 2012 2011 2012 2011 2012 2011 2012

NPL/Gross Loans (net of suspended income ) Cyprus: 13,3%

Greece: 52,1%

Non performing loans -€mln (net of suspended income)

» P&L provisions/Gross loans: 2,9% » BS Provisions/Non performing loans (net of suspended income): 60% The remaining amount is secured by tangible collaterals.

Y-on-Y Y-on-Y +620mln +660mln

Y-on-Y Y-on-Y +40mln -

2011 2012 2011 2012 2011 2012 2011 2012 Cyprus Greece Russia Group

Customer deposits in Cyprus (€7,1bln)

By Country of By Currency Customer

Group Deposits per Category

Prudent sovereign risk management » Zero exposure to Greek Government Bonds (sold, Oct. 2012).

Quality of debt securities:

Investments breakdown-€mln: Government-€mln:

» Zero exposure to Cyprus Government government bonds of Greece bonds maturity (sold, Oct. 2012), Ireland, analysis: Italy, Spain and Portugal.

Topic Pages

Quarter Highlights – Recent 1. 4 – 10 developments

2. 2012 Preliminary Financial Results 12 – 24

3. Strategic Targets and Prospects 26

4. Economic Environment 28 – 31

5. Other Information 33 – 40

Based on the conditions prevailing in the financial environment, the strategic targets of the Group continue to focus on:

Effective management of credit risk P P E R Safeguarding and enhancement of the capital adequacy R O ratios M F A I Safeguarding of sound liquidity N T CautiousGroup and Management rational asset closely management monitors and evaluates E A developments in the market of its operations and N B takes all necessary measures to deal with the adverse E I Group Management closely monitors and evaluates developmentseconomic in conditionsthe markets and of the its consequences operations and of the takes all N L financial crisis. T I necessary measures to deal with the adverse economic conditionsThe andGroup’s the healthyconsequences liquidity andof the its soundfinancial capital crisis. T adequacy allow for the selective financing of new Y projects in developing sectors of the economy.

Topic Pages

Quarter Highlights – Recent 1. 4 – 10 developments

2. 2012 Preliminary Financial Results 12 – 24

3. Strategic Targets and Prospects 26

4. Economic Environment 28 – 31

5. Other Information 33 – 40

Market share: Loans to Residents and Non Residents

• Cyprus in recession during the past six quarters (Q3/11–Q4/12). Q4 contraction at -1,0% q-on-q and -3,0% y-on-y. • Sectors: Positive: tourism, legal and auditing services. Negative: construction, industry, trade and transportation. • Unemployment higher at 14,7% in Dec 2012. • Inflation relatively modest at 1,8% in Jan 2013; 2,4% for 2012 • Credit expansion: +5,9% (Dec 2012). Lending to non-residents slowed to +14,2% and lending to residents +1,4%. • Fiscal deficit to 5,5% of GDP. • Economy to contract until 2014. CYPRUS 2011 2012 2013 % %% GDP Growth 0,5 (2,3) (3,0) Inflation 3,3 2,4 1,5 Unemployment 7,7 12,1 16,0 29 Source: Hellenic Bank Economic Research Department © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English) Economic Environment - Cyprus KEY DEVELOPMENTS: • Cyprus negotiations with the Troika are stalling for the time being - new government will resume bailout efforts. • Public sector, banks and structural reforms are the most important issues. • Negotiations most likely to be concluded before May 2013. • Estimated size of rescue package €17bln. • The second round of licensing for the offshore hydrocarbon reserves has been completed. Contract signing with ENI/Kogas and Total. System end of month total deposits -€mln

• In August with a slim majority the Greek parliament gave a positive vote to the austerity and reform bill. The bill outlines further wage and pension cuts and labour market reforms. A total of €13,5 bln in fiscal measures will be implemented over the 2013-14 period. • In December a new Greek bond debt swap was initiated, which reduced public debt by €20bln. These developments led to the disbursement of a €34,3 bln loan tranche earmarked for public funding and banks’ recapitalization. • The Greek economy shrank at a 6,0% annual pace in fourth quarter of 2012. Contraction at around 6,4% for 2012, while significantly negative growth also expected in 2013. • Unemployment rose to a new high 27,0% in November. More than half (55%) of youth is unemployed. January 2013 inflation at 0,2%

GREECE

2011 2012 2013 GDP Growth (6,8%) (6,4%) (4,5%) Inflation 2,9% 1,0% 0,8% Unemployment 16,5% 24,3% 22,8%

Topic Pages

Quarter Highlights – Recent 1. 4 – 10 developments

2. 2012 Preliminary Financial Results 12 – 24

3. Strategic Targets and Prospects 26

4. Economic Environment 28 – 31

5. Other Information 33 – 40

Hellenic Bank Public Company Ltd was incorporated in Cyprus and is a public company in accordance with the provisions of the Companies Law Cap. 113, the Cyprus Stock Exchange Laws and Regulations and the Income Tax Laws.

The principal activity of the Group is the provision of a wide range of banking and financial services , including hire purchase, leasing, investment and insurance services, as well as trustee and factoring services.

1974 - Hellenic Bank was registered with promoters the Bank of America and the Hellenic Mining Company, each holding 20% of share capital. The remaining 60% was offered to the public -IPO. 1976 - The Bank begins operations with a branch in Nicosia and 33 employees. 1985 - The subsidiary company, Hellenic Bank (Finance) Ltd, is founded, providing asset finance. 1986 - The subsidiary company, Hellenic Bank (Investments) Ltd, is founded, providing investment services. 1990 - The Insurance Services Department is founded, representing a number of insurance companies offering a wide choice of insurance products. 1996 - The Group dynamically expands its operations by acquiring the onshore facilities of Barclays Bank PLC in Cyprus. 1997 - The Limassol International Business Centre obtains the ISO 9002 international certificate of service quality - the only centre of its kind in Cyprus to do so.

1998 - The first branch of Hellenic Bank opens in Greece, in the Kolonaki area of central Athens. Opening of Representative Offices in Sandton, South Africa and Moscow, Russia. 1999 - Acquisition of the Ledra and Pancyprian insurance companies. 2000 - A new insurance company is launched -Hellenic Alico Life Insurance Company Ltd for the provision of bancassurance products. 2003 - Adoption of the Corporate Governance Code.

2007 - Opening of Representative Offices in Ukraine-Kiev and St Petersburg. Acquisition of 78% of “Athena Cyprus Public Company Ltd”. Organic growth: Russia-signed protocol with the Central Bank of Russia (Nov.07).

35 © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English) Group Milestones 2008 - Application submitted to the Russian Central Bank for the acquisition of permission to execute bank operations in Russia- 31 July 2008. The Bank acquired Borenham Holdings Limited which acquired Format Invest Limited, (owner of the building facilities in Moscow where the Bank’s head office and first branch in Russia will be based). 2009 - License to carry out bank operations in Russia through the wholly owned subsidiary Limited Liability Company Commercial Bank “Hellenic Bank″ obtained. Acquisition of 100% of ‘Athena Cyprus Public Company Ltd’. 2010 - Via the Reorganisation and Merger Plan, the Bank took over the activities of its wholly-owned subsidiaries, Hellenic Bank (Finance) Ltd –beginning of 2010 and Athena Cyprus Company Ltd in June 2010. In June 2010, the Bank has announced its decision to commence full banking operations in Russia as from January 2011. Representative offices: Moscow, South Africa, St Petersburg, Kiev. Branch network: Cyprus 64 Greece 19 36 © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English) Hellenic Bank Today

• A strong franchise within Cyprus . • Hellenic Bank is a universal bank serving all customer segments through a wide range of products and financial services. • Banking services, offered to the local community as well as international businesses , include deposits, retail and corporate loans, hire purchase, investment services, custodian services insurance and brokerage. • Corporate Governance - Adoption of the Code of Corporate Governance since January 2003. - Implementation of the Central Bank of Cyprus directive for Basel II • Board Composition • Board Committees: (12 members) – Audit Committee – Independent Non Executive – Risk Management Chairman (1) Committee – Independent Non Executives (6) – Remuneration Committee – Non Executives (3) – Nominations and Internal Governance Committee – Executives (2)

39 © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English) Other Information Investor Antonis Rouvas Elena Neophytou Group Chief Financial Officer Investor Relations Relations Tel: +357 22 500760 Tel: +357 22 500794 Contacts: [email protected] [email protected]

Hellenic Bank Public Company Ltd Corner Limassol Ave. & Athalassa Ave.200, 2025 Strovolos, Nicosia, Cyprus Internet : www.hellenicbank.com

Credit Moody’s – 21 January 2013 Fitch - 31 January 2013 Ratings: Bank Deposits: Caa2 Long term rating: B Commercial Paper: Not Prime Short term rating: B Bank Financial Strength: E Viability rating: CC Negative outlook Negative outlook

© Hellenic Bank Public Company Limited 2013. All right reserved. Any use of the materials, in whole or in part (including without limitation reproduction, sale, rent, distribution, lending, publication, broadcasting, presentation to the public, translation, permanent storage and incorporation into other materials or web pages) is prohibited without the prior written consent of Hellenic Bank Public Company Limited. 40 © Hellenic Bank Public Co Ltd, 2013 - All rights reserved (2012_Q4_English)