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The Bank Corporate Governance
Main Executive and Management Committees

The Bank Corporate Governance
Main Executive and Management Committees

  • Executive Committee

    The Executive Committee comprises of up to seven members. It is presided by the Senior General Manager, who also represents the Committee in all its relations and reporting obligations in the context of the resolutions adopted at any given time. The Deputy Chairperson, the secretary and the members are appointed by a resolution of the BoD.

    Commission is assisted in its work by a lawyer.

    Composition of the Executive Committee

    Chairperson

    Executive General Manager (ChrysanthiPapadopoulou)

    Deputy Chairperson

    Chairman of the BoD (Executive Member - Georgios Kourletakis)

    Members

    • Director of Risk Management Unit (Nikolaos Rodousakis)
    • Chief Information Officer (Fotios Kitsos)



    Main responsibilities of the Executive Committee:

    • It monitors the application of the Business Plan approved by the BoD and adopts the required resolutions for achieving the specific objectives in each field of activity and service unit.
    • It plans, proposes to the BoD, which has the sole decisive responsibility, develops and maintains the Recovery Plan, taking into account the Bank's business plan, the Liquidity Policy, the ICAAP and the ILAAP.
    • It is updated on a monthly basis from the Senior General Manager, for any fluctuations on tracking indicators.
    • It evaluates the existing circumstances and decides whether or not to ask the BoD to activate the recovery plan
    • Correspondingly, the BoD, following any necessary clarifications, decides the activation of the Recovery Plan according to the relevant framework legislation (the BoG may also request the activation of RP or part of it)
    • It communicates internally the activation of the Recovery plan to all involved parties
    • It is fully responsible for monitoring the implementation of the Recovery Plan and has the overall responsibility for its implementation.
    • It proposes to the BoD the revision of the Recovery Plan.
    • It monitors the development of non-performing NPLs and NPEs and defines strategies and policies for the management thereof.
    • It monitors the risk management policy approved by the BoD.
    • It issues the budget guidelines and proposes the Annual Budget to the Board of Directors, as well as individual actions necessary for its implementation.
    • It approves the Bank’s Credit Policy principles and rules, as well as the Credit Policy regulations, manuals and procedures adopted in implementation of these principles.
    • It decides on the interest rate policy and the charges for the Bank’s standardized services and products.
    • It proposes to the BoD the issue and restructuring of Corporate Bonds and their terms thereof.
    • It establishes managing committees and determines their composition and responsibilities, as well as their authorization limits, including the limits for the approval of financing.
    • It decides on the introduction of new and the significant modification of existing Bank products and services, as well as on their pricing policy.
    • It proposes to the Board of Directors the establishment of Branches and Agencies, as well as the management of issues pertaining to the Bank’s Branch network.
    • It approves cooperation in sectors or areas of the economy and on electronic cooperation platforms.
    • It approves the Bank’s strategy for investment in technological infrastructure, within the limits set by the BoD.
    • It decides on the sale, purchase, rental, lease and, in general, the exploitation of the Bank’s movable and immovable property, within the set limits.
    • It approves the credit limits for natural or legal persons, as well as the settlement arrangements for non-performing loans, within the set approval limits.

    The Executive Committee meets twice a month.

  • Special Coordinating Committee οn Information Technology

    Composition of the Committee

    Chairperson

    Chairman of the BoD (Executive Member)

    Deputy Chairperson

    • Chief Information Officer (CIO) & Member of the Executive Committee

    Members

    • IT Manager
    • Manager of Information Security Systems


    Main responsibilities

    • Evaluating short- medium- and long-term IT development plans.
    • Evaluating the analysis and management of risks related to IT systems.
    • Evaluating and submitting proposals to the Executive Committee regarding large procurements of hardware and software.
    • Supervising large projects and the IT budget.
    • Prioritizing IT development projects.
    • Evaluating IT policies, standards and project procedures.
    • Supervising the cooperation with third parties on organisational and IT matters.

    The Committee meets regularly, at least once per quarter, or ad hoc and may invite members of the Management and any other executives or experts whose presence deems necessary.

  • Asset/Liability Committee (ALCO)

    Composition of the Committee

    Chairperson

    Executive General Manager

    Deputy Chairperson

    • Risk Management Director & Member of the Executive Committee

    Members

    • Chief Strategist
    • Treasury Director
    • Management Consultant (Athanasios Kasapidis)


    Main responsibilities

    • Proposing the Bank’s Assets/Liabilities strategy.
    • Proposing the management of assets and liabilities while pursuing pricing policy on products and services.
    • Monitoring liquidity and own capital adequacy against risks and informs the Executive Committee accordingly.
    • Monitoring stress test scenarios.
    • Monitoring the maintenance of Bank’s liquidity at acceptable levels and submitting proposals to the Executive Committee.

    The Committee meets on a quarterly basis or as frequently as dictated by the conditions of the market.

  • NPL Management Administrative Body

    The NPL Management Administrative Body was established by Act No 42/30.05.15 of the Executive Committee and is responsible for monitoring the application of the NPL Management Strategy, as approved by the Bank’s BoD.

    Composition of the NPL Management Administrative Body

    Chairperson

    Senior Director - Non-Performing Loans

    Deputy Chairperson

    Executive Member of the Board (Konstantinos Sofronas)

    Members

    • Director of Recovery
    • Director of Legal Affairs


    Main responsibilities

    • Handling centrally all internal reports on NPL management.
    • Determining the available types of forbearance measures and closure solutions per loan sub-portfolio and monitoring their effectiveness through appropriate key performance indicators.
    • Determining the responsibilities, bodies and their members, involved in the evaluation of the viability of suggested types of debt arrangement, and the planning, monitoring and assessment of pilot arrangement programmes.
    • Cooperating with the Risk Management Unit to ensure mutual understanding and development of the appropriate methodology for assessing the risks arising from each type of measure and arrears category per portfolio.

    The members of the NPL Management Administrative Body meet at least on a quarterly basis or whenever required.

  • Credit Committee

    Composition of the Committee

    Chairperson

    Executive General Manager

    Deputy Chairperson

    Chairman of the BoD (Executive Member)

    Members
    • Chief Credit Officer, or the appointed deputy
    • Head of Business Center (Crete & Islands), or the appointed deputy
    • Risk Management Director, or the appointed deputy

    Main responsibilities:

    • Approving credit limits and loans within its preset limits.
    • Granting approvals upon authorisation by the Executive Committee.

    The Credit Committee meets at least once a week or whenever required.

  • Asset Restructuring Committee

    Composition of the Committee

    Chairperson

    Senior Director - Non Performing Loans

    Deputy Chairperson

    Executive Member of the Board (Konstantinos Sofronas)

    Members
    • Chief Credit Officer, or the appointed deputy
    • Risk Management Director, or the appointed deputy
    • Director of Recoveries Department, or the appointed deputy
    • Manager of Permanent Arrears Department, or the appointed deputy

    Main responsibilities

    • Examining and approving requests or issues within the competence of the Recovery and NPLs General Division relating to the restructuring of debts, arrangements, terminations, litigations, auctions.
    • Adopting decisions on the Bank’s participation in auctions.

    The Asset Restructuring Committee meets at least once a week or whenever required.

  • Appeal Committee

    Composition of the Committee

    Chairperson

    Director of Legal Affairs

    Members
    • Director of Recoveries or the Manager of Permanent Arrears Department (depending on the appeal under examination)
    • Director of Organization & Central Operations Department

    Main responsibilities:

    • Assessing appeals submitted by customers within the context of the Bank of Greece Code of Ethics Law 4224/2013.


    The Appeals Committee meets whenever there are outstanding appeals and, in any case, at time intervals no longer than 3 months from the date of receipt of the appeal.