National Bank to Become Top Choice for Greek Households and Enterprises, CEO Says

Mr. Pavlos Mylonas. Photo by Eurokinissi/FILE.

ATHENS – National Bank’s transformation programme is designed to make the bank the top choice for Greeks and a preferred partner of households and enterprises in the domestic market, Pavlos Mylonas, the bank’s new CEO said on Thursday.

Addressing the annual general shareholders’ meeting, Mylonas said that a top priority was the creation of a model banking operation and stressed that now was the time to resolve all issues and build a strong organisation for the future. He also referred to National Bank’s subsidiaries, in the framework of the group’s restructuring, noting that in the case of National Insurance, National Bank will continue supporting the company throughout the selling process regardless of the solution approved. He pledged to resolve the issue of National Bank’s personnel supplementary insurance account with courage, fair compromise and dialogue.

Referring to the domestc banking system, Mylonas said significant progress was recorded with emphasis given on reducing non-performing loans, signs of increased lending to the business sector and the successful adoption of new accounting standards.