National Bank: Thomopoulos to be appointed new president
The crisis within the National Bank of Greece, in relation to the appointment of a new president, appears to have been resolved, following a last-minute intervention of the ECB’s Single Supervisory Mechanism (SSM) and the Bank of Greece, in order to protect the stability of the banking system.
As such, Leonidas Frangiadakis will stay on as Managing Director of the National Bank, while Panagiotis Thomopoulos will be appointed as the new Non-executive Chairman. The prospect of Mr. Frangiadakis stepping down, which would leave the bank headless, caused major concern within the SSM.
The board of the National Bank is scheduled to meet on Wednesday, which is expected to appoint Mr. Thomopoulos as new president. Banking sources commented that any administrative changes within the bank will take place, if at all, after the regular shareholder meeting in the next spring.
You may be interested
Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25thmakis - Jan 22, 2021
The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…
EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccinesmakis - Jan 22, 2021
PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…
Crete is the most popular holiday destination for BritsPanos - Jan 21, 2021
Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…