Marfin Popular Bank completes Rosprombank takeover

Marfin Popular Bank (CPB.CY) announced the completion of the acquisition of a 50.04% stake in RPB-Holding, the parent company of the Russian bank OOO Rossiysky Promyishlenny Bank (“Rosprombank”) for EUR 83 mln.

As at 31 December 2007, Rosprombank had total assets amounting to EUR 297.5 mln, loans of EUR 157.9 mln and deposits of EUR 177.6 mln, while net profits amounted to EUR 6.3 mln and shareholder’s equity at EUR 53.7 mln.