BoG announces new special liquidator for credit, financial institutions under its supervision

Tuesday, 05 April 2016 18:18
UPD:18:20
REUTERS/MARKO DJURICA

The company replaces the existing liquidators and takes up the management of all the institutions under special liquidation.

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The Bank of Greece has appointed a private firm for all the credit and financial institutions under special liquidation, with a view to “ensuring a more efficient management of their property and higher performance against the operational targets, and acting in the public interest,” a relevant BoG press released stated on Monday.

The company was identified as PQH Single Special Liquidation S.A., which is jointly owned by PwC Business Solutions S.A., Qualco S.A. and Hoist Kredit Aktiebolag.

The company replaces the existing liquidators and takes up the management of all the institutions under special liquidation.

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