Fond farewell to industrious banker

The funeral of Theodoros Karatzas, the late governor of the National Bank of Greece, who died Wednesday aged 74, was held yesterday at Athens Cathedral. His death comes as a great blow to the world of banking, in which he worked for nearly half a century. Karatzas began his career in 1955 as a lawyer and in 1963 became legal adviser on shipping to the National Bank of Greece. Later he held high office at the National Investment Bank and the Banque National Franco-Hellenique. The governor of Greece’s largest bank, Karatzas also served a term as deputy finance minister, 1987-88. Creative, hard-working, and extremely well-informed, Karatzas set his mark on the economic life of Greece. He and his wife Olga were close friends of Kathimerini, and in particular of its president, Aristeidis Alafouzos. Our condolences to his family and to the Bank of Greece.

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