The Greek Postal Savings Bank S.A. continues the successful course to the target of increasing the balance sheet and market share items. On the condensed interim consolidated financial statements as of September 30, 2006 published, the net profit increased to 91.84 mil. Euro, instead of 75.56 m. Euro as of the corresponded last year 2005 period (120.81 m. euro & 92.48 m. Euro accordingly before taxes), achieving an increase of 21.50%.

The total assets increased to 13,273.13 m. Euro, against 11,564.59 m. Euro as of December 31st, 2005, indicating an increase of 14.77%.
The loans portfolio increased to 4,478.47 m. euro, against 3,044.67 m. euro in the beginning of the year, indicating an increase of 47.09% and increasing the loans to deposits ratio up to 42.98% from 32.59%. Total deposits increased as well up to 10,419.74 m. euro, against 9,953.84 m. euro in the beginning of the year, indicating an increase of 4.68%.

Net interest income presented an increase of 8.33%, amounted 184.53 m. euro, against 170.35 m. euro as of the corresponded last year 2005 period. The net fee & commission income amounted 18.91 m. euro, instead of 3.18 m. euro as of the corresponded last year 2005 period, showing a significant increase of 495.01%. The net trading income amounted 74.82 m. euro, against 7.56 m. euro as of the corresponded last year 2005 period, considering an increase of 890.15%.

Total operating income amounted 290.22 m. euro, against 192.97 m. euro, indicating an increase of 50.40%.

Total expenses of the period amounted to 169.41 m. euro, indicating an increase of 68.80%, comparing the corresponded last year 2005 period, when total expenses amounted 100.36 m. euro. This increase is reasonable, mainly considering the one-off & non recurring expenses related with the IPO, the new IT system implementation and the initial contribution to the Greek Deposits Guarantee Fund.
Finally, it is considerable the fact that the net profit per share, after taxes and after the minority interest, raised to 0.6519 cents, instead of 0.4570 cents as at the corresponding last year 2005 period, indicating an increase of 41.30%