Piraeus Bank S.A. Determines Six-Member Audit Committee
December 23, 2020 at 06:27 am IST
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Piraeus Bank S.A. at its extraordinary general meeting held on December 10, 2020 approved the determination of a six-member Audit Committee, that will consist by five members of the Board of Directors, plus the representative of the Hellenic Financial Stability Fund, will function as a Committee of the Board of Directors, with a term ending at the end of the tenure of the current Board of Directors, elected at the meeting of June 26, 2020 Annual General Meeting of the Bank's shareholders that is on June 26, 2023, that can be extended until the Annual General Meeting that will convene after the end of the term of the Board of Directors, under the terms and conditions of article 44 of L. 4449/2018, of L. 3016/2002, L. 3864/2010 and the Relationship Framework Agreement between the Bank and the HFSF, as in force, and; b) the appointment of a) Mr. Hexter David, Independent Non-Executive Member, b) Mr. De Boeck Karel, Vice-Chairman, Independent Non-Executive Member, c) Mr. Berahas Solomon, Independent Non-Executive Member, d) Ms Weatherston Anne,Independent Non-Executive Member, e) Mr. Panzures Andrew, Independent Non-Executive Member, as members of the Audit Committee in accordance with the provisions of article 44, law 4449/2017. It is also noted that the HFSF representative, Mr. Dontas Periklis, Non - Executive Member will participate, in
accordance with the L.3864/2010, in the Audit Committee, as well. The Chairman of the Audit Committee shall be appointed by its members.
Piraeus Financial Holdings SA, formerly known as Piraeus Bank SA, is a Greece-based banking institute. It operates in the following main business segments: Retail Banking, Corporate Banking, Investment Banking, as well as Asset Management and Treasury. The Retail Banking segment includes the retail banking operations of the Bank and its subsidiaries, which are addressed to retail customers, as well as to small-medium companies, such as deposits, loans and letters of guarantee, among others. The Corporate Banking segment includes facilities related to corporate banking, provided by the Bank and its subsidiaries, addressed to maritime companies, such as syndicated loans, project financing and imports-exports, among others. The Investment Banking segment includes activities related to investment banking operations of the Bank and its subsidiaries, such as investment and advisory services, underwriting services and public listings, as well as stock exchange services, among others.