ECONOMY

Eurobank CEO Nanopoulos to step down later this month

Eurobank’s chief executive officer Nikos Nanopoulos made it known on Monday that he will not bid to remain in his position when the lender’s annual sharholders’ meeting is held on June 27 to elect a new executive board.

Eurobank is Greece’s fourth-largest lender but the government has become its main shareholder since the Hellenic Financial Stability Fund pumped 5.84 billion euros of new capital into the bank.