Simultaneously with the prospective merger of ASPIS PRONIA GENERAL INSURANCES S.A. and ASPIS PRONIA AEAZ which is expected to be completed by the end of next summer, the basis is expected to set in order the new business plan under the name of ASPIS PRONIA S.A to be included within FTSE 20, which will result to the creation of significant economies of scale close to 1 million Euros annually.

The fiscal year 2005 was a very important year for ASPIS BANK, as well as the bank achieved historical high profitability, profits after taxes and minority rights reach the amount of 11.2 million euro. The continuous credit expansion of ASPIS BANK resulted to the increase of net interest profits by 17% (55.1 million Euro). Moreover, the constant orientation in sectors with high profit margins, such as services to small to medium-sized enterprises led to the achievement of the high increase rate of net profits from commissions by 18%.

ASPIS PRONIA GENERAL INSURANCES S.A. posted an important evolution of its financial figures, the company’s after tax profits reached the amount of 3.2 million Euro in 2005. ASPIS PRONIA A.E.A.Z. presented net profits of 3.4 million Euro during previous years fiscal year, while the third and dynamically growing insurance company Commercial Value presented profits of 1.7 million euro.