Bank of Greece

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.

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.

Former Finance Minister Yanis Varoufakis stepped up his dispute with Bank of Greece Governor Yannis Stournaras on Saturday by setting out in an op-ed the four reasons for which the latter should resign.

In an article in newspaper “Efimedida Ton Syntakton”, former Greek Finance Minister Yianis Varoufakis responds to the allegations levelled against him by the governor of the Bank of Greece (BoG), Yiannis Stournaras during his deposition before the parliamentary committee on transparency. In his article Varoufakis calls for the removal of Stornaras from his position as governor.

The Governor of the Bank of Greece (BoG), Yiannis Stornaras testified before the parliamentary enquiry committee examining the loans to Greek media, Tuesday, causing former Finance Minister Yianis Varoufakis for the harm caused on the Greek economy due to the capital controls imposed in the summer of 2015.

Germany's Deutsche Bank is financially sound and doesn't have any problem other than the US demanding it pay up to $14 billion in fines for miss-selling mortgage-backed securities, ECB Governing Council member Yannis Stournaras said on Tuesday.

Relations between the Bank of Greece (BoG) and the government were never soured, its governor Yiannis Stournaras told reporters after a meeting with Prime Minister Alexis Tsipras on Saturday.

Investigators on Thursday carried out surprise raids on the company offices of Stavroula Nikolopoulou, the spouse of Bank of Greece Governor Yannis Stournaras, as well as the couple's home, as part of a probe into the alleged mismanagement of state funding for the Hellenic Center for Disease Control and Prevention (KEELPNO).

The Bank of Greece is expecting a higher-than-anticipated primary budget surplus for this year and insists on the need for a reduction to future targets, while a European Central Bank official refuted a Reuters report suggesting Frankfurt was in favor of a target reduction.

Professors Panayiotis Roumeliotis and Gerasimos Sapountzoglou are the names put forward for the posts of Attica Bank chief executive and chairman, respectively, by the lender's main stakeholder, the Engineers' Fund (TSMEDE).