Piraeus Bank: HFSF holding 61,34% at Piraeus Bank after CoCo conversion.
Under HFSF Law 3864/2010 (article 10, paragraph 2) the HFSF has the right to have one representative on each bank’s board. The HFSF’s Representatives are the Non-Executive Directors that are appointed by decision of the HFSF’s General Council, to the BoD of each Bank and exercise the voting rights in the respective Board Committees on behalf of HFSF. The HFSF’s Representatives are accomplished executives with extensive experience in the banking sector.
Piraeus Bank, headquartered in Athens and founded in 1916, offers a full range of financial products and services and represents a leading Bank in Greece with significant market share in terms of customer loans and customer deposits. Piraeus Bank possesses particular expertise in the areas of medium-sized and small enterprises, agricultural banking, consumer and mortgage credit, green banking, capital markets and investment banking, as well as leasing and factoring.
Piraeus Bank is the only Greek bank to actively participate in the shaping of the global Principles for Responsible Banking, along with other 206 banks from around the world, members of the United Nations Environment Programme Finance Initiative – UNEP FI.
The Bank’s shares are listed in the Athens Stock Exchange since 1918. Piraeus Bank’s share capital amounts to €2,619,954.984 divided into 436,659,164 ordinary registered shares with voting rights, at a nominal value of €6.00 per share. On June 28 2013, Piraeus Bank completed a capital increase of €8.4 bn, with the amount that was drawn by private investors reaching €1.4 bn or 20% of the €7.3 bn recapitalisation increase. The remaining amount was drawn by contribution in kind (EFSF Bonds) from the Hellenic Financial Stability Fund. Piraeus Bank and HFSF have entered into a Relationship Framework Agreement (RFA) since 2013. The RFA was amended on 27.11.2015.
HFSF currently holds directly 509,775,400 common registered shares of PIRAEUS FINANCIAL HOLDINGS S.A., which correspond to a percentage of 61.34% of the share capital of PIRAEUS FINANCIAL HOLDINGS S.A.. From the afore-mentioned total number of common shares, 2,042,067 shares have limited voting rights pursuant to Article 7A of Law 3864/2010. The share capital of PIRAEUS FINANCIAL HOLDINGS S.A. now amounts to €4,986,354,984 divided into 831,059,164 common registered voting shares of a nominal value of €6.00 each.
Approximately 36 years of extensive experience in Retail, SME, Large Corporate Banking, Mutual Funds, Bancassurance, Bank Operations and consulting.
Major involvement and responsibility in Start-up operations, M&A , Corporate restructurings.
Responsible for managing multiple distribution channels(bank branches, agents, direct),selling a wide range of banking, investment and insurance products.