National Bank CEO Leonidas Fragiadakis, whose tenure as the top executive of Greece’s biggest financial institution has generated a fierce tug-of-war between the Hellenic Financial Stability Fund and the bank’s board, on Monday tried to defuse the increasingly explosive and very public disagreement.
National Bank CEO Leonidas Fragiadakis, whose tenure as the top executive of Greece’s biggest financial institution has generated a fierce tug-of-war between the Hellenic Financial Stability Fund and the bank’s board, on Monday tried to defuse the increasingly explosive and very public disagreement.
“The goal of our restructuring plan makes it imperative at the moment to have good and very close relations with all interested parties with which we are cooperating … primarily with our shareholders and regulators,” he told bank executives, according to reports by the state-run news agency.
Moreover, he said the bank will try to normalize relations with the HFSF. “There was never any intention to come into conflict with the HFSF,” he said, referring to NBG’s primary shareholder after its last recapitalization.