Anastasia Sakellariou

Among the issues established Greek banks need to worry about these days may also be competition from new online lender Praxia Bank, in which ex-Barclays chief executive Bob Diamond has pledged to invest more than 100 million euros, according to Praxia CEO Anastasia Sakellariou.

The Greek government named former banker Giorgos Michelis as chairman of the country?s bank rescue fund on Monday, which has been without a head since the resignation of both its chairman and chief executive earlier this year.

Cash-strapped Greece will cut the pay of bank bailout fund executives by 40 percent because their salaries are a "provocation" during a time of austerity cuts elsewhere, the finance ministry said on Friday.

Anastasia Sakellariou, the chief executive of bank bailout fund HFSF, sent a letter of resignation to Finance Minister Yanis Varoufakis on Friday after she was ordered to stand trial over her alleged involvement in the Hellenic Postbank loans scandal.

In her letter she stresses that she acted «entirely within the law."

Greece's government late Thursday asked the chief executive of its bank bailout fund to resign, after prosecutors ordered her to stand trial for her role in bad loans issued by defunct state lender Hellenic Postbank.

By Yiannis Papadoyiannis

The managing director of the HFSF bank bailout fund, Anastasia Sakellariou, is seen on her way to visit Deputy Prime Minister Yiannis Dragasakis on Friday.

 ECB says stress test results will be announced in October

By Evgenia Tzortzi

By Maria Petrakis

When Anastasia Sakellariou moved back to Greece in 2009 to get married, giving up international trips and pay checks that came with being a banker at Credit Suisse Group AG, Europe’s debt crisis had barely begun.

Local banks need to make a fast return to private hands, Alpha Bank CEO Dimitrios Mantzounis stressed while addressing the lender’s general meeting on Friday. Vassilios Rapanos, the bank’s president, referred to a need for stability and the implementation of reforms.