The Hellenic Financial Stability Fund (HFSF), in its capacity as a significant
shareholder of the National Bank of Greece (NBG), with a shareholding exceeding
40% and as a legal entity empowered with ensuring best practice in the Greek
banking system, has provided to the Chairman and Board of the Bank, a number of proposals for improvements to NBG’s governance arrangements.
We believe these changes will provide a significant boost to both the Board and
overall functioning of NBG and is in the best interests of all its stakeholders. The
Fund will provide more details once the Board of NBG has had time to review the
proposed recommendations.
The HFSF always acts in line with its mandate to contribute to the maintenance of
the stability of the Greek banking system, for the sake of public interest while
protecting the interests of the Greek economy.