Marfin Popular Bank and MIG say not affected by Dubai crisis

Marfin Popular Bank and MIG issued a statement insisting that they are not affected by developments occurring in Dubai.
Due to a number of articles regarding the ownership of shares of our Marfin Popular Bank by “Dubai Financial Group”, the Group said:
1. Marfin Popular Bank has not provided any credit facility, financing or loan of any form to the State of Dubai nor to any company related or associated to the state of Dubai. Therefore, there can be no impact whatsoever to the financial results of the Bank arising from any developments in Dubai.
2. We have no official information regarding the full intentions of “Dubai Financial Group“ regarding a full or partial disinvestment of their shares in Marfin Popular Bank.
3. Other strategic shareholders of the Bank have expressed their initial intentions to acquire the shares of “Dubai Financial Group” should the latter decide to proceed with a partial or full disinvestment of its stake in the Bank. These intentions have been already communicated to “Dubai Financial Group” and are awaiting its response.
In light of all the above, it is evident that the recent developments in Dubai do not affect the operating performance of the Bank or MIG.