CEO of Greece’s Largest Bank Has a Plan to Move Past Financial Crisis

National Bank of Greece, the country’s biggest bank by assets, wants to pick up the pace as its moves on from the crippling legacy of the financial crisis, and its Chief Executive Officer is planning two main initiatives to get there, Bloomberg News reported. On the docket: a possible move to bring forward the securitization of bad loans currently scheduled for 2021 and the sale of the company’s insurance unit as soon as this year, CEO Paul Mylonas said. The moves could both help cut costs as the bank carries out a restructuring plan and seeks to move toward further digitalization. “National Bank of Greece is changing into a faster and more productive bank,” Mylonas said in an interview in Athens. Read more