Piraeus Bank’s Board of Directors elected Messrs George Handjinicolaou, Solomon Berahas and  Enrico Tommaso Cucchiani as new non executive members of the board to replace members previously resigned.

Piraeus Bank Group chairman Mihalis Sallas on Wednesday announced his decision to retire as chairman of the board after 25 years.

A timely completion of the first review of the Greek programme and a dynamic implementation of a privatization programme, combined with a new development law by the government will help the economy to respond positively later this year and to return to positive growth rates in the second half of 2016, Mihalis Sallas, chairman of Piraeus Bank said on Tuesday.