Piraeus Bank on Thursday announced the completion of the sale of a stake held in its subsidiary in Cyprus, Piraeus Bank Cyprus Ltd to Holding M. Sehnaoui SAL for 3.2 million euros.

A Piraeus Bank’s board meeting which was discussing the selection of a new CEO was interrupted on Wednesday after the Single Supervisory Mechanism (SSM) requested the postponement of the decision.

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.