ECONOMY

Piraeus Bank CEO Thomopoulos resigns

piraeus-bank-ceo-thomopoulos-resigns

The chief executive of Greece’s Piraeus Bank, Anthimos Thomopoulos, resigned on Friday, two banking sources told Reuters.

“Mr Thomopoulos submitted his resignation,” one of the sources said, declining to be named.

The sources did not provide further details on the reason for his resignation.

The country’s bank rescue fund (HFSF), which holds a 26 percent stake in Piraeus Bank, on Thursday denied press reports that it had asked for the resignation of Thomopoulos, who joined Piraeus in 2013 from National Bank.

Thomopoulos, one of two chief executives at the bank, was not immediately available for comment.

The Greek press reported that there had been a fallout over Thomopoulos’s handling of the bank’s recapitalization late last year.

Piraeus was the first bank to start book-building for a share offering to plug a capital shortfall revealed in a European Central Bank stress test, but took longer than other lenders to raise funds from foreign investors.

[Reuters]