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The Bank

Main Executive and Management Committees

Executive Committee

The Executive Committee meets twice a month, at least. It supervises, monitors and ensures the safe, orderly, effective and efficient operation of the Bank for the implementation of the Strategy, the Business Plan and the Annual Budget, as approved by the Board of Directors.

Composition of the Executive Committee

Chairperson:

Chief Executive Officer

Deputy Chairperson:

Deputy Managing Director

Members:

  • Chief Retail, Wealth & Digital Banking Officer 
  • Chief Financial Officer 
  • Chief Information & Technology Officer 
  • Chief Transformation & Operations Excellence Officer 
  • Chief Wholesale Banking Officer 
  • Chief Risk Officer 

Indicatively and not restrictively, the Executive Committee has, among other things, the following responsibilities:

  • It elaborates on the Bank’s Strategy and formulates the Business Plan proposal to the Board of Directors.
  • It coordinates the activities of the Business Units, in the context of the implementation of the Bank’s Strategy.
  • It monitors the implementation of the Business Plan as approved by the Board of Directors.
  • It proposes the Annual Budget to the Board of Directors, as well as individual actions required for its implementation.
  • It monitors and evaluates the macroenvironment, it identifies opportunities and threats and takes the appropriate action.
  • It supervises the effective management of the balance sheet, on the basis of the business and the risk-taking strategies.
  • It decides on and/or approves the launching of new, or the differentiation of existing products and services, as well as their pricing.
  • It ensures that the risk management guidelines are integrated into the Bank's operations and budget.
  • It approves all types of expenses, regardless of the amount, except for those related to the acquisition of high value assets, such as real estate, which are approved by the Board of Directors.
  • It approves the investment strategy in technological infrastructures.
  • It monitors the operation of the Bank through reports from the competent Units.
  • It has approving powers on credit and write-off issues, regardless of the amount, except those that fall under the exclusive competence of the Board of Directors, or those that are reliant to the legislative of regulatory framework.

Special Coordination Commitee of Information Technology

The IT Committee is the official body that defines, evaluates and prioritizes the implementation of the IT projects and supervises them to be in line with the Bank’s overall strategy and objectives. It is responsible for coordinating the execution and monitoring of IT projects. In addition, it performs the tasks of the IT Steering Committee as determined by the provisions of the 2577/2006 Governor’s Act.

Composition of the Committee

Chairperson:

Deputy Managing Director

Deputy Chairperson:

Chief Information & Technology Officer 

Members:

  • Chief Retail, Wealth & Digital Banking Officer 
  • Chief Financial Officer 
  • Chief Transformation & Operations Excellence Officer 
  • Deputy General Manager Transformation & Operations Excellence 
  • Senior Director of Next Generation ICT Services
  • Senior Director of Software Platforms & Services
  • Information Security Officer

Main Responsibilities:

  • It determines the IT strategy according to the business objectives and the existing institutional environment.
  • It evaluates the proposals of technological projects within the context of the Bank’s action plan and submits them for approval to the Executive Committee.
  • It evaluates and determines the development or implementation of major IT projects, prioritizing them accordingly.
  • It is responsible for the quality of the organization and management of the IT projects.
  • It examines the assignment of major IT projects to external providers and proposes accordingly to the Executive Committee.
  • It evaluates the procurement of hardware and software and submits the corresponding proposals for approval to the Executive Committee.
  • It evaluates and analyses the risks related to the IT systems.

Asset-Liability Management Committee (ALCO)

The Asset-Liability Management Committee (ALCO) formulates, approves, implements and monitors the Bank's policies regarding the pricing, performance, structure and management of the Bank's Assets and Liabilities and determines, within its responsibilities’ framework, the market risk and the liquidity limits, intervening for their review when deemed necessary.

Composition of the Committee

Chairperson:

Chief Executive Officer

Deputy Chairperson:

Deputy Managing Director

Members:

  • Chief Retail, Wealth & Digital Banking Officer 
  • Chief Financial Officer 
  • Chief Wholesale Banking Officer 
  • Senior Director of Global Markets
  • Chief Risk Officer 
  • Treasury Director

Main responsibilities:

  • It defines the policy to be followed in relation to the composition, distribution and assurance of the desired liquidity levels of the balance sheet items.
  • It formulates the management framework regarding the composition, the maturity and the liquidity of Assets and Liabilities.
  • It monitors the economic evolution and the main macroeconomic and business assumptions that influence the Bank’s policy.
  • It monitors the changes in the institutional and regulatory framework that may affect the Bank’s management policy.
  • It monitors the progress of the results, the budget, the liquidity financing plan, the capital adequacy and in general the financial figures of the Bank.
  • It examines and determines the pricing policy of existing and new products and services.
  • It evaluates the stress tests program and examines their results.

Credit Committee

Composition of the Committee

Chairperson

Chief Executive Officer

Members:
  • Chief Retail, Wealth & Digital Banking Officer 
  • Chief Wholesale Banking Officer 
  • Chief Credit Officer
  • Chief Risk Officer 

 

   

Main responsibilities:

The Credit Committee approves lending (for issues related to risk taking, terms of cooperation, or any other issue related to the Bank's Credit Policy) to all types of legal entities or individuals subject to the responsibility of the Corporate & Commercial or Retail Banking Unit, on an individual or group basis, in line with its credit limits as determined by the Executive Committee.

The Credit Committee meets at least once a week or whenever its Chairman deems necessary.

The Code of Conduct Regulations Committee

The Code of Conduct Regulations Committee meets twice a month. It approves settlements of borrowers with over 30 days delay in the payment of their debts under the framework of the Code of Conduct, for all kinds of natural persons and legal entity borrowers, who are considered as one debtor.

Composition of the Committee

Chairperson:

Senior Director of Non-Performing Exposures



Μembers:

  • Director of Credit Risk Management
  • Senior Manager of Restructured Assets Credit 

Main responsibilities:

  • Restructurings/Settlements of debts of borrowers who present delays in the payment of their debts arising from the monitoring procedure provided for in the Code of Conduct and who have been characterized as collaborative borrowers.
  • Restructurings/Settlements of debts of borrowers for which the Bank’s Division of Small Enterprises, Limited Partnerships and Individuals who have submitted relevant request with the Electronic Solvency Registrar is competent for.
  • Reductions of spreads.
  • Provision of short-term facilities (until 2 years) under the framework of the Code of Conduct to borrowers who face temporary financial difficulty.
  • Provision of approvals for any matter for which it has been authorized to act by the Executive Committee.

Crisis Management Committee

Composition of the Committee

Chairperson:

 Deputy Managing Director

Members:
  • Chief Transformation & Operations Excellence Officer 
  • Chief Retail, Wealth & Digital Banking Officer 
  • Chief Financial Officer 
  • Chief Information & Technology Officer 
  • Deputy General Manager Transformation & Operations Excellence 
  • Deputy General Manager Retail, Wealth & Digital Banking
  • Senior Director of Human Capital
  • Senior Director of Compliance
  • Chief Risk Officer
  • Director of Information Security

Appeal Commitee

Composition of the Committee

Chairperson:

Chief Legal & Corporate Governance Officer

Members:
  • Senior Director of Non-Performing Exposures 
  • Director of NPE Serviced Portfolio
  • Director of Legal Services

Main responsibilities:

  • Assessing appeals submitted by customers within the context of the Bank of Greece Code of Ethics Law (ΕΠΑΘ 392/1/31.05.2021).

The Appeals Committee meets whenever there are outstanding appeals and, in any case, at time intervals no longer than 2 months from the date of receipt of the appeal.