At meeting, Piraeus Bank’s Board of Directors elected Messrs George Handjinicolaou, Solomon Berahas and Enrico Tommaso Cucchiani as new non executive members of the BoD to replace members previously resigned. The Board then proceeded to unanimously approve the appointment of Mr George Handjinicolaou as its new Chairman. Mr Handjinicolaou starts his role immediately.
Mr Handjinicolaou is a highly experienced international business leader in the financial services sector. His career spans 33 years, the vast majority of which was spent at global financial institutions based in London and New York and the International Swaps and Derivatives Association (ISDA) in London.
Mr Handjinicolaou was most recently Deputy CEO of ISDA, where he was a member of the Board of Directors. He previously held senior management positions in the derivatives and fixed income markets at several global financial institutions including Dresdner Kleinwort Benson, Bank of America Merrill Lynch and UBS in London and New York. Mr Handjinicolaou started his career at the World Bank in Washington, DC. Mr Handjinicolaou also has leadership experience in Greece from his roles as CEO of TBANK and as Vice Chairman of the Greek Capital Market Commission.
Mr Handjinicolaou’s extensive international leadership experience, deep understanding of global capital markets combined with experience in restructuring within the Greek banking sector will be of significant value to Piraeus Bank’s Board of Directors.
Mr. Handjinicolaou received his PhD in Finance from the graduate school of business at New York University, where he also earned his MBA. He holds a BS degree from the Law School at the University of Athens in Athens, Greece.
Piraeus Bank’s appointment of Mr Handjinicolaou marks another major step in the strengthening of the Bank’s Board of Directors and its corporate governance, which builds on significant progress made during 2016. During the course of this year the Board has added international leadership experience and technical expertise, in particular in restructurings and problem loan reduction, combining this with deep local market experience.
Mr Handjinicolaou’s appointment is the seventh new non-executive appointment to Piraeus Bank’s Board of Directors in 2016:
On July 21st, 2022, the National Bank of Ukraine introduced changes on the transactions and operations carried out abroad (outside of the territory of Ukraine) on Hryvnia (UAH) cards and accounts. Those new limitations are only related to operations, carried out abroad from UAH cards and accounts, whilst foreign currency cards and accounts have not been impacted from those restrictions. In detail:
UAH12.500 equivalent in foreign currency per 7 days from the first time of withdrawal. The limit is not calculated cumulatively.
UAH80.000 equivalent per calendar month for transactions at POS terminals (physical presence of card or NFC technology on phone), purchases on the internet secured by full 3DSecure* and recurring payments**.
UAH20.000 equivalent per calendar month for the rest type of online transactions.