UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.  _______)*
 

Aries Maritime Transport Limited

(Name of Issuer)
 
Common stock, par value $0.01 per share

(Title of Class of Securities)
 
G0474B105

(CUSIP Number)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[   ]  Rule 13d-1(b)
 
[X]  Rule 13d-1(c)
 
[   ]  Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 

 

SCHEDULE 13G
CUSIP No. G0474B105
Page 2 of 9 Pages

1
  NAMES OF REPORTING PERSONS
  Investment Bank of Greece Societe Anonyme
 
2
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                     (a)   [   ]
                                                                     (b)   [   ]
3
  SEC USE ONLY
 
4
  CITIZENSHIP OR PLACE OF ORGANIZATION
  Greece
 
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING  PERSON WITH:
5
  SOLE VOTING POWER
  0
 
6
  SHARED VOTING POWER
  5,133,333 (1)
 
7
  SOLE DISPOSITIVE POWER
  0
 
8
  SHARED DISPOSITIVE POWER
  5,133,333 (1)
 
9
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  5,133,333 (1)
 
10
  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
  CERTAIN SHARES (See Instructions)
                                                                        [   ]
11
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  9.7%
 
12
  TYPE OF REPORTING PERSON (See Instructions)
  FI
 

(1) The number of shares listed as beneficially owned by the Reporting Person consists of (i) 5,000,000 shares that may be acquired upon exercise of warrants and (ii) 133,333 shares that may be acquired upon conversion of convertible notes.  See Item 4.
 
 
 

 

SCHEDULE 13G
CUSIP No. G0474B105
Page 3 of 9 Pages

1
  NAMES OF REPORTING PERSONS
  Marfin Egnatia Bank Societe Anonyme
 
2
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                     (a)   [   ]
                                                                     (b)   [   ]
3
  SEC USE ONLY
 
4
  CITIZENSHIP OR PLACE OF ORGANIZATION
  Greece
 
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING  PERSON WITH:
5
  SOLE VOTING POWER
  0
 
6
  SHARED VOTING POWER
  5,133,333 (1)
 
7
  SOLE DISPOSITIVE POWER
  0
 
8
  SHARED DISPOSITIVE POWER
  5,133,333 (1)
 
9
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  5,133,333 (1)
 
10
  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
  CERTAIN SHARES (See Instructions)
                                                                        [   ]
11
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  9.7%
 
12
  TYPE OF REPORTING PERSON (See Instructions)
  FI
 

(1 ) The number of shares listed as beneficially owned by the Reporting Person consists of (i) 5,000,000 shares that may be acquired upon exercise of warrants and (ii) 133,333 shares that may be acquired upon conversion of convertible notes.  See Item 4.
 
 
 

 

SCHEDULE 13G
CUSIP No. G0474B105
Page 4 of 9 Pages

1
  NAMES OF REPORTING PERSONS
  Marfin Popular Bank Public Company Limited
 
2
  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                     (a)   [   ]
                                                                     (b)   [   ]
3
  SEC USE ONLY
 
4
  CITIZENSHIP OR PLACE OF ORGANIZATION
  Greece
 
NUMBER OF
SHARES BENEFICIALLY
OWNED BY
EACH
REPORTING  PERSON WITH:
5
  SOLE VOTING POWER
  0
 
6
  SHARED VOTING POWER
  5,133,333 (1)
 
7
  SOLE DISPOSITIVE POWER
  0
 
8
  SHARED DISPOSITIVE POWER
  5,133,333 (1)
 
9
  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  5,133,333 (1)
 
10
  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
  CERTAIN SHARES (See Instructions)
                                                                        [   ]
11
  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  9.7%
 
12
  TYPE OF REPORTING PERSON (See Instructions)
  FI
 
 
(1) The number of shares listed as beneficially owned by the Reporting Person consists of (i) 5,000,000 shares that may be acquired upon exercise of warrants and (ii) 133,333 shares that may be acquired upon conversion of convertible notes.  See Item 4.
 
 
 

 
 
Item 1.(a)   Name of Issuer.

Aries Maritime Transport Limited (the “ Issuer ”).

Item 1.(b)   Address of Issuer’s Principal Executive Offices.

18, Zerva Nap. Str., Glyfada, Athens, 166 75, Greece.

Item 2.(a)   Name of Person Filing.

This statement on Schedule 13G (this “ Statement ”) is being filed on behalf of the following persons:
 

(i)
Investment Bank of Greece Societe Anonyme (“ IBG ”);
(ii)
Marfin Egnatia Bank Societe Anonyme (“ Marfin Egnatia ”); and
(iii)
Marfin Popular Bank Public Company Limited (“ Marfin Popular ” and, together with IBG and Marfin Egnatia, the “ Reporting Persons ”).*
 
Marfin Popular holds approximately 97% of the stock of Marfin Egnatia.  Marfin Egnatia holds approximately 92% of the stock of IBG.

Pursuant to Rule 13d-1(k) promulgated under the Securities and Exchange Act of 1934, as amended (the “ Exchange Act ”), the Reporting Persons have entered into a joint filing agreement, dated as of October 21st, 2009, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

*Neither the present filing nor anything contained herein shall be construed as an admission that two or more Reporting Persons constitute a “person” for any purposes other than Section 13(d) of the Exchange Act.

Item 2.(b)   Address of Principal Business Office or, if None, Residence.

IBG:  24B, Kifissias Avenue, Maroussi, Athens, 151 25, Greece.

Marfin Egnatia:  20, Mitropoleos Street and Komninon Street, Thessaloniki, 546 24, Greece.

Marfin Popular:  154, Limassol Avenue, Nicosia, 2025, Cyprus.

Item 2.(c)   Citizenship.

Each of IBG and Marfin Egnatia is a societe anonyme organized under the laws of Greece.  Marfin Popular is a corporation organized under the laws of Cyprus.

Item 2.(d)   Title of Class of Securities.

Common stock, par value $0.01 per share (“ Common Stock ”).

Item 2.(e)   CUSIP Number.

G0474B105

Item 3.

Not applicable, as this Statement is being filed pursuant to Rule 13d-1(c).

Item 4.  Ownership.

(a)  Amount beneficially owned:

IBG beneficially owns 5,133,333 shares of Common Stock, consisting of the following securities: (i) 5,000,000 warrants to purchase an equal amount of shares of Common Stock at an exercise price of $2.00 per share and (ii) a 7% convertible senior note due 2015 in the principal amount of $100,000, which is convertible into 133,333 shares of Common Stock at a price of $0.75 per share.  Marfin Egnatia is deemed to beneficially own the foregoing shares as a result of its approximately 92% ownership of IBG and Marfin Popular is deemed to beneficially own such shares as a result of its approximately 97% ownership of Marfin Egnatia.

(b)  Percent of class:

Based on there being 47,939,655 shares of Common Stock outstanding as set forth in the disclosure schedules to the purchase agreements relating to the warrants and convertible notes described above, IBG beneficially owns approximately 9.7% of the outstanding Common Stock, based on calculations made in accordance with Rule 13d-3 promulgated under the Exchange Act.  Marfin Egnatia is deemed to beneficially own the same percentage of shares of Common Stock as a result of its approximately 92% ownership of IBG and Marfin Popular is deemed to beneficially own the same percentage of such shares as a result of its approximately 97% ownership of Marfin Egnatia.  If all $145,000,000 in aggregate principal amount of outstanding 7% convertible senior notes due 2015 issued by the Issuer were converted into Common Stock, such percentage would be approximately 2.0%.

(c)
 
IBG
 
Number of shares as to which the person has:
 
(i)
Sole power to vote or to direct the vote: -0-
(ii)
Shared power to vote or to direct the vote: 5,133,333
(iii)
Sole power to dispose or to direct the disposition: -0-
(iv)
Shared power to dispose or to direct the disposition: 5,133,333

Marfin Egnatia
 
Number of shares as to which the person has:
 
(i)
Sole power to vote or to direct the vote: -0-
(ii)
Shared power to vote or to direct the vote: 5,133,333
(iii)
Sole power to dispose or to direct the disposition: -0-
(iv)
Shared power to dispose or to direct the disposition: 5,133,333

Marfin Popular
 
Number of shares as to which the person has:
 
(i)
Sole power to vote or to direct the vote: -0-
(ii)
Shared power to vote or to direct the vote: 5,133,333
(iii)
Sole power to dispose or to direct the disposition: -0-
(iv)
Shared power to dispose or to direct the disposition: 5,133,333

Item 5.  Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable.

Item 8.  Identification and Classification of Members of the Group.

Not Applicable.

Item 9.  Notice of Dissolution of Group.

Not Applicable.

Item 10.  Certification.

By signing below the undersigned certify that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 

 
 
SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: October 21st, 2009
 
  Investment Bank of Greece Societe Anonyme  
       
 
By:
/s/  Iraklis Kounadis  
    Name:  Iraklis Kounadis   
    Title:    C.E.O.  
       
       
  Marfin Egnatia Bank Societe Anonyme  
       
 
By:
/s/  Konstantinos Vasilakopoulos  
    Name:  Konstantinos Vasilakopoulos  
    Title:    Chief Executive Officer  
 
     
  Marfin Popular Bank Public Company Limited  
       
 
By:
/s/  Efthimios Bouloutas  
    Name:  Efthimios Bouloutas  
    Title:    Chief Executive Officer  
 
 
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