BUSINESS

Sweeping changes come to banks’ governing boards

YIANNIS PAPADOYIANNIS

TAGS: Banking

More than 35 governing board members will be removed from Greece’s commercial banks in the next few weeks as a part of an evaluation process and the implementation of the new legal framework containing specific criteria for bank board members.

Kathimerini understands that some 25 members of the boards of the four systemic lenders (National, Piraeus, Alpha and Eurobank), in which the state holds controlling stakes, will be replaced by end-June.

There will also be a major sweep at Attica Bank, with 12 out of 13 board members set to go.

Online