Change at Hellenic Bank after shock departure of CEO

Our News / Change at Hellenic Bank after shock departure of CEO

26 Aug 2020

Career banker Constantinos Loizides is returning to Hellenic Bank as its new chief executive after 15 years, following the unexpected resignation Wednesday of CEO Ioannis Matsis, media reports said.
Matsis stepped down after 40 months at the helm of the island’s second-largest lender, a surprise decision that had immediate effect.
No explanation has been provided so far.
He was appointed to the bank’s board in December 2013, representing the ‘new guard’ as shareholders and new investors rescued the bank from collapse with own funds, avoiding a bailout similar to what happened at Bank of Cyprus and Laiki Popular, with the latter eventually crumbling.



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