Greek Orthodox Church Threatens To Sell Its NBG Stake
13/1/2010
Greek Orthodox Church raised the issue of its representation in the new BoD of National Bank of Greece in a letter it addressed to FinMin George Papaconstantinou.
The Greek church holds a stake of at least 1.5% in NBG.
The head of its financial services A. Zampelis called for
-the new BoD to commit that it will distribute a 35% dividend.
-the bank to exit the 28 bil. euro state guarantee programme, as it doesn΄t need it
-the new BoD to consist of 15 members
-SMEs and individuals to be assisted with the necessary liquidity.
Asked if the Church will sell its stake, Zampelis said: “We do not consider this option at this point.”
When asked the meaning of the phrase “at this point,” Zampelis noted that “everything floats.”
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