NBG elects chairman, HFSF calls time-out in dispute over management

EconomyBanking Tags: Banking, HFSF, NBG
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The turmoil at the National Bank of Greece (NBG) caused by the dispute between the NBG top management and the Hellenic Financial Stability Fund (HFSF) over the new chairman at the bank seems to have temporarily ended.

HFSF is NBG’s major shareholder, holding a stake of 40.39 percent, of which 38.92 percent is with full voting rights. 

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