EIBANK (Bulgaria) appoints new CEO

On 1  March 2008,  Mr  Peter Andronov  was  appointed CEO  of  EIBANK
following the decision taken by the Supervisory Board on 26  February
2008.
The Management Board of  EIBANK will also  comprise Mr Vassil  Simov,
who will supervise operations, Mr Alexander Dimitrov, who will be  in
charge of retail  banking and Ms  Hristina Filipova, who  - as  trade
representative -  will head  corporate banking.  The EIB  Supervisory
Board will propose that Mr Frank  Jansen be appointed to the post  of
Chief Financial and Risk Officer.

The decision of the Supervisory Board  to appoint Mr Andronov as  CEO
clearly reflects  the implementation  of corporate  governance  rules
within EIBANK and the rest of the KBC group, which is to the  benefit
of all  stakeholders. This  appointment and  the appointment  of  the
other members of the  Management Board is the  result of the  ongoing
strategic review and integration process  that was announced and  set
up in December last year. Its  purpose was to define EIBANK's  future
goals for the strategy review, for introducing bancassurance with DZI
Insurance, and for optimising the branch network, business lines  and
staff function.

EIBANK has been a member of the KBC group since December 2007,  while
DZI (KBC's Bulgarian insurance subsidiary) became a member earlier in
2007.

With the support of KBC as  a strong and stable shareholder in  terms
of capital investments, know-how, knowledge-sharing and products,  Mr
Andronov will continue to pursue EIBANK's strategy and will focus  on
the further  implementation  of  the bancassurance  concept  and  the
continued growth and development of  the bank, in close  co-operation
with DZI.

Mr Peter  Andronov is  39 years  old and  previously worked  for  the
Bulgarian National Bank as Chief Director. He joined EIBANK in  April
2007  as  Executive   Director  responsible   for  risk   management,
reporting, analysis and planning.

Mr Vassil Simov (49 years old) joined  EIBank in 2001 as a Member  of
the Management Board.  In 2002, he  was appointed Executive  Director
and was  put  in  charge  of  the  branch  network,  procurement  and
security.

Mr Alexander Dimitrov is 36 years  old and has previously worked  for
United Bulgarian  Bank  as  Director  of  treasury  operations,  risk
management and in other areas.

Mr Frank  Jansen,  the  former  CEO of  KBC  France,  will  join  the
Management Board in the capacity of Chief Financial and Risk Officer.

Ms Hristina Filipova has worked for EIBANK since its establishment in
1994. She was appointed trade representative in 2000 and was
responsible for corporate banking, finance and operations.