Hellenic Bank Public Company Limited (the “Bank”) announces that the Board of Directors of the Bank decided the establishment of a temporary / ad hoc Integration Committee of the Board as from 1st August 2018.
The Integration Committee is established to ensure the effective oversight and input of the Board of Directors in smoothly implementing the integration strategy of the acquired business of certain assets and deposits of the Cyprus Cooperative Bank Ltd. It is reminded that the acquired business with a perimeter of approximately €10billion will include up to 1,100 employees and up to 75 retail branches.
It is anticipated that the Integration Committee will be operational for a period of up to 18 months.
The composition of the Integration Committee will be announced in due course.
HELLENIC BANK PUBLIC COMPANY LIMITED
