Piraeus Bank appoints new CEO, ending a long period of uncertainty

EconomyBanking Tags: Banking, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Piraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s Board of Directors.

The appointment has the consent of the Hellenic Financial Stability Fund (HFSF), which is the single largest shareholder with a stake of 26.42 percent. The process has to be ratified by the European Central Bank’s Single Supervisory Mechanism (SSM).

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