Restrictive criteria of a new law on banks’ corporate governance framework imposed a one-dimensional management schemeĀ on Greek banks, with board members having a limited and restricted field of knowledge and expertise, was the conclusion drawn by Luca Katseli, president of National Bank, on Thursday.
Addressing an annual general shareholders’ meeting, Katseli said that adoption of such a model would raise very serious risks to an efficient implementation of a program to combat challenges faced by Greek banks. She said thatĀ a successful international practice, followed by all advanced countries and adopted by all large banking groups around the world, has become prohibitive for the country’s banking sector.
She said that challenges for the Greek National Bank were many. The strategic goals are for the bank to recover and expand its profitability while maintaining its leading role in the country’s financial system and play a leading role in restarting economic activity in the country.
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