Bank of Greece blocks funding and appointments to Attica Bank

16 September 2016
288 Views

The Bank of Greece has blocked funding towards Attica Bank and rejected the appointment of a new bank president. This dramatic development came after the home of the BoG Governor Yannis Stournaras was raided by corruption prosecutors, over his wife’s alleged involvement in an advertising scandal.

Aside from blocking funding towards Attica Bank, the Bank of Greece rejected the appointment of Gerasimos Sapoutzoglou as president and only accepted the appointment of Panagiotis Roumeliotis as a non-executive officer in the bank’s board, rather that the position of managing director. The appointments of Anna Pouskouri and Konstantinos Makedos were also rejected.

According to a report in the Avgi newspaper, these developments constitute ‘direct threats’ from the central banker against the entire financial system. This development, the newspaper claims, occurred in spite of Mr. Stournaras having agreed with the Prime Minister Alexis Tsipras that the investigation will not affect the relationship between the Bank of Greece and the government. The two have also reportedly arranged to meet after the PM’s return from Bratislava.

Trading of bank shares temporarily suspended

The Athens Stock Exchange announced on Friday, shortly after opening, that trading on Attica Bank’s stock has temporarily been suspended, until the administrative changes within the bank have concluded. At the time that the suspension was announced, the bank’s shares were retreating by 3.45% for 0.056 euros, while 76,084 shares traded hands.

You may be interested

Tank “serves” glass of wine on main gun!
GREECE
shares30 views
GREECE
shares30 views

Tank “serves” glass of wine on main gun!

makis - Apr 25, 2018

There are many ways to serve a beverage, but employing a battle tank to do so has to be a…

Turkey asks Twitter to censor Greek website!
WORLD
shares25 views
WORLD
shares25 views

Turkey asks Twitter to censor Greek website!

makis - Apr 25, 2018

Turkey attempted to censor the Twitter account of a Greek website. According to the e-amyna.com Turkey requested from Twitter the…

Greek soldiers’ release appeal rejected a third time by Turkish court
GREECE
shares36 views
GREECE
shares36 views

Greek soldiers’ release appeal rejected a third time by Turkish court

makis - Apr 25, 2018

The third request for the release of the two Greek soldiers, Angelos Mitretodis and Dimitris Koutlatzis, who have been in…

Leave a Comment

Your email address will not be published.