Katseli new chairman of National Bank

A board of directors meeting on Monday appointed Louka Katseli as the new chairman of the National Bank of Greece, replacing George Zanias. Leonidas Frangiadakis was also appointed as the new CEO and is expected to replace Alexandros Tourkolias.

The appointment of Katseli as well as Frangiadakis now needs to be approved by the European Central Bank's Single Supervisory Mechanism.

The NBG expressed its gratitude to Zanias and Tourkolias for their valuable contribution to National Bank of Greece and its Group, and wished the new management every success in the work it undertakes.

It should be reminded that Mrs. Katseli is an active member of SYRIZA and a former Minister of PASOK under the George Papandreou government.