The Hellenic Financial Stability Fund (HFSF) decided to replace its representatives on the Boards of Directors of the four systemic Banks by the members of the Executive Board and the Chief Financial Officer of the HFSF. The replacement takes place in the context of further strengthening the cooperation and the direct communication with the banks’ management, as well as an even more effective management of issues within the competence of the HFSF, in accordance with the current regulatory framework.
The above designated persons will not receive any additional remuneration from the
HFSF or the banks for their participation on the Boards and Committees of the
Banks. The replacement will be implemented at the next meeting of the Board of
each bank.