Panayiotis Thomopoulos
NBG board to take initiatives to resolve management crisis
National Bank of Greece chief executive Leonidas Fragkiadakis has stressed to Kathimerini his determination to find a solution to the lender's management crisis, adding that the point is to reach consensus for the benefit of the bank. He adds that the lender has many challenges ahead of it and that it is crucial normality returns for work to resume.
HFSF challenges Thomopoulos's NBG appointment
There seems to be no end to the administration crisis at National Bank of Greece, as immediately after Panayiotis Thomopoulos was elected the group's new president on Wednesday, the Hellenic Financial Stability Fund, NBG's main stakeholder, stated it had voted against him and is examining the option of calling an extraordinary general meeting.
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ATHEX: Early losses recovered by end of trade
International markets soon recovered from Wednesday morning's US election shock drop, and the Greek bourse followed suit, reducing the benchmark's losses to a minimum at the end of the session, on what was a day of increased trading volume.
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National Bank, HFSF and Piraeus still lacking key decision-makers
National Bank of Greece, the country's oldest, remains without a president, an issue that will be revisited in the coming days. At the same time, its main shareholder, bank bailout fund HFSF, is also effectively headless.
Panayiotis Thomopoulos elected new National Bank of Greece chairman
Panayiotis Thomopoulos, former deputy governor of the Bank of Greece and former chairman of the Hellenic Financial Stability Fund, was elected chairman of the National Bank of Greece by the lender's board on Thursday.
Thomopoulos is replacing chairwoman Louka Katseli.