Банкеръ Weekly

Briefs

FIRST INVESTMENT BANK IS NOT UP FOR SALE

Maya Georgieva, Executive Director of FIB, to the BANKER weeklyMs. Georgieva, are negotiations going on for the sale of First Investment Bank?-No.Is it true that you have requested the Central Depository to withdraw the bank's shares as you intend to make them book-entry?- FIB's shares are book-entry, with a preemptive right on them, and have never been registered at the Central Depository. Only our bond issue has been registered there.Does the European Bank for Reconstruction and Development (EBRD), which holds 20% of FIB's capital, intend to sell its share?- No, the EBRD does not intend to sell its share, which brought it 31% return on investment in end-September 2001.A year ago Piraeus Bank was holding negotiations with you for the sale of FIB. Why didn't these talks lead to anything?- Piraues Bank was interested, but FIB is not up for sale.Have any foreign investors declared interest towards the purchase of FIB after these talks ?- Yes, but only inofficially.

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