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Greek banks struggle to fill top posts

Strict eligibility conditions, capped salaries and risk of potential penalties are turnoffs

Published Sun, Sep 11, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Washington

    AS if mountains of bad loans and falling shares weren't enough, Greek banks are having to contend with another headache: finding qualified people for their corporate suites.

    The National Bank of Greece is seeking a chairman of the board, a chair for its audit committee, as well as non-executive directors. State-owned Hellenic Financial Stability Fund, the biggest shareholder in both Piraeus Bank and the National Bank of Greece, has extended its deadline for applications for its CEO post originally set for Aug 25, a person familiar with the matter said. Piraeus Bank has been looking for a CEO since January.

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