National Bank of Greece, the country’s largest credit institution, will reportedly proceed with a major restructuring by late June, while a pending study by McKinsey group will be presented to the bank’s management next month.
A new and probably leaner organizational chart is expected, as NBG today fields 31 general directors throughout its bureaucracy, with a significant number of those executives’ contracts expiring within the year.
The bank, following its successful sell-off of its profitable Turkish subsidiary, Finansbank, is expected to focus on the domestic market and in making low-level banking transactions more effective.
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