In the course of a comprehensive series of meetings programme of the Hellenic Bank Association (HBA) and the top management of its member banks with the supervisory authorities, two meetings were held in Frankfurt on Monday, January 15, 2018 with the Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM), Ms. Danièle Nouy and the member of the Executive Board of the European Central Bank (ECB), Mr. Benoît Coeuré and their colleagues. HBA was represented by the Chairman of its Board of Directors and Chairman of Eurobank Ergasias, Mr. Nikolaos Karamouzis, the Chief Executive Officer of Piraeus Bank, Mr. Christos Megalou, the Chief Executive Officer of National Bank of Greece, Mr. Leonidas Fragkiadakis, the Chief Executive Officer of Eurobank Ergasias, Mr. Fokion Karavias, the Deputy Chief Executive Officer of Alpha Bank, Mr. Spyros Filaretos, the Deputy Chief Executive Officer and Chairman of the Executive Committee of HBA, Mr. George Aronis, and the Secretary General of the HBA, Ms. Charoula Apalagaki.

The HBA representatives had the opportunity to present the substantial improvement of key figures of the Greek banking system during 2017; as well as the future planning and actions of banks with respect to liquidity, effective management of non-performing loans, compliance with supervisory and regulatory requirements, the swift adoption of the new IFRS 9 accounting standard and the gradual return of the sector to regular status.

During the meetings, the HBA representatives reiterated the commitment of the Greek banks to fully cooperate with supervisory and regulatory competent authorities and to implement all the targets and necessary adjustments, in order to successfully meet the significant challenges the Greek banking system is facing; whereas also to be in line with the new supervisory framework and to achieve a gradual return to regularity.