HFSF announces agreement with National Bank on corporate governance matters

The Hellenic Financial Stability Fund (HFSF) on Thursday announced it has reached an agreement with the Board of Directors of the National Bank of Greece regarding improvements in matters concerning the corporate governance of the Bank, in line with proposals recently made to its Chairman.

The Fund fully supports NBG’s management and Board of Directors in the adoption of best practices and is confident that the forthcoming changes will greatly enhance the institutional functioning of the Board, as well as contribute to the Bank’s further development as a whole. The HFSF consistently operates within its legal remit to support the stability of the Greek banking system for the sake of public interest (as per Law 3864/2010 as in effect). In this context and in its capacity of an active shareholder, the Fund cooperates with the Greek systemic banks on an ongoing basis, with the aim of enhancing corporate governance