The Bank of Greece on Tuesday announced that it had lifted temporary restrictions on new lending and credit facilities by Attica Bank, after the bank resolved corporate governance issues.
The central bank said that an emergency general shareholders’ meeting at Attica Bank ended the gap in governance and allows the bank to look to the future with optimism. It said the decisions taking at the meeting “are an especially important step for modernising Attica Bank’s corporate governance framework.”
“The Bank of Greece will work closely with the bank’s new management to further strengthen and support its structure and operations,” the central bank announcement said. It also noted that the bank’s capital adequacy rating was significantly higher than the minimum limit and liquidity conditions required by the eurosystem.
Attica Bank’s new chairman Panagiotis Roumeliotis on Tuesday sent a clear message to everyone inside and outside the bank that “absolutely no one can undermine a bank, such as Attica Bank, with comments and public confrontation, which has an historic role and can play a significant development role at the same time”.
Addressing a general meeting, Roumeliotis expressed his sorrow that in the last few days so much noise was made regarding the bank’s new management. “I am not willing to play any political game. As a technocrat and professional my aim is the smooth continuation of Attica Bank’s operation. Don’t expect any discounts, compromises, we are not influenced by any one. I am certain that we will win a battle for the good of the country and the bank”.
Roumeliotis noted that the bank’s new management will fully cooperate with supervisory authorities (SSM and the Bank of Greece) in order to examine all issues related with a report on the bank’s activities.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
