Ratings of Eurobank Ergasias S.A. Withdrawn; New Ratings Assigned to Eurobank S.A.

Ref: GR028 19 CRA00- 0 1 22 May 2020

Ratings of Eurobank Ergasias S.A. Withdrawn; New Ratings Assigned to Eurobank S.A.

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned Eurobank S.A. a L ong – T erm Foreign Currency Rating (LT FCR) of ‘B+’ and a Short – Term Foreign Currency Rating (ST FCR) of ‘B’. Eurobank has also been assigned a Bank Standalone Rating (BSR) of ‘b+’, a Core Financial Strength ( CFS ) rating of ‘bb-’, and an Extraordinary Support Level ( ESL ) of Uncertain . The Outlook for the LT FCR and BSR is Stable.

Eurobank is a newly-established entity that has taken over the core banking operations and banking licen c e of Eu robank Ergasias S.A. The latter became the holding company of the group in March 2020 under the new legal name of Eurobank Ergasias Services & Holdings S.A . Consequently, CI Ratings has also withdrawn all ratings…