National Bank of Greece: Best Corporate Governance Greece 2024

The National Bank of Greece has consistently demonstrated a steadfast commitment to upholding exemplary corporate governance standards, which has been a cornerstone of its enduring success. The bank’s strategic initiatives, including its comprehensive five-year transformation programme, have significantly enhanced its operational efficiency, market competitiveness, and long-term sustainability. In 2022, the bank successfully exited its restructuring plan, signalling a pivotal shift towards a more extroverted business phase. This new phase is marked by strategic partnerships with leading technology firms such as Evo Payments, aimed at expanding and enhancing the bank’s corporate client offerings. The National Bank of Greece has continued to strengthen its governance framework, continuously reviewing among others its governance arrangements in alignment to best practices and proceeding to initiatives, such as the establishment of an Innovation & Sustainability Committee. This committee is tasked with monitoring emerging industry trends and providing respective feedback to the board of directors, with the aim of remaining abreast of developments and innovations affecting the banking sector and promoting long-term sustainability. The bank’s board has played an active role in overseeing all important developments, such as for instance the successful divestment of a 22 percent shareholding by the Hellenic Financial Stability Fund during 2023 and another 10 percent during 2024, which reflects the bank’s robust governance structures. Additionally, the bank has made significant strides in improving board diversity and continues to prioritise governance as it navigates the evolving financial landscape, focusing on sustainable growth and innovation. The National Bank of Greece’s adherence to the highest standards of corporate governance underscores its leadership in the sector. The CFI.co Judging Panel heartily congratulates the National Bank of Greece on winning the 2024 award for Best Corporate Governance (Greece).