27/11/2009 10:15
In an announcement released on Friday, Marfin Popular Bank stressed that the developments in Dubai will not affect the course of the bank. “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”, the announcement said while there is no official information on the full intentions of Dubai Financial Group.
Apart from Marfin, MIG also issued a similar announcement.
The announcements are as follows:
MPB
Due to a number of articles regarding the ownership of shares of our Bank by “Dubai Financial Group” we would like to clarify the following:
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.
MIG
Due to a number of articles regarding the ownership of shares of our Company by "Dubai Financial Group" we would like to clarify the following:
1. MIG does not have any common investment, common interest or co-operation at a corporate level with the State of Dubai nor with any company related or associated to the State of Dubai. Therefore, there can be no impact whatsoever to the financial results of MIG 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 MIG.
3. Other strategic shareholders of MIG 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 MIG. 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 MIG.
Apart from Marfin, MIG also issued a similar announcement.
The announcements are as follows:
MPB
Due to a number of articles regarding the ownership of shares of our Bank by “Dubai Financial Group” we would like to clarify the following:
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.
MIG
Due to a number of articles regarding the ownership of shares of our Company by "Dubai Financial Group" we would like to clarify the following:
1. MIG does not have any common investment, common interest or co-operation at a corporate level with the State of Dubai nor with any company related or associated to the State of Dubai. Therefore, there can be no impact whatsoever to the financial results of MIG 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 MIG.
3. Other strategic shareholders of MIG 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 MIG. 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 MIG.
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