New olive oil Contract Farming Agreement between Piraeus Bank and “Evripidis S.A.”

Piraeus Bank, in collaboration with “Evripidis S.A.”, has initiated a new Contract Farming Program intended for olive oil producers in the Prefecture of Heraklion.

The funding proposal for olive oil Contract Farming is essentially intended to help rationalize the organization and financially support the entire production process, from the producer to product processing and selling by the company.

The main commitmentEuripides the continuous improvement of the production processes’ and final productquality. The company is investing in new products and the development of new concepts and ideas offered for the exploitation of olive oil, in order to increase its sales in the Greek and international market.

Through the Piraeus Bank Contract Farming Program, the producer is provided with the required liquidity at highly competitive terms, exactly when he needs such liquidity, while payment of the production agreed to be delivered to the company is guaranteed.

The Program covers the entire crops production and supply chain by supporting, in an organized manner, the mutually beneficial collaboration between producers and the company.

This new collaboration attests to the firm will of Piraeus Bank to support and encourage any sound productive effort in the economy sector.

Athens, October 2nd 2014