There are 2 Central Credit Committees: Central Credit Committee 1 (CCC 1) and Central Credit Committee 2 (CCC 2). They are formed by the CEO. They ensure objective assessment of the Greek corporate performing loan portfolio, as defined in the Performing Loan Credit Policy Manual. They aspire that the risk undertaken by Eurobank has satisfactory returns and maintains the quality of the loan portfolio.
Role and responsibilities
Central Credit Committee 1 (CCC 1)
CCC 1 assesses and approves credit requests of the Greek corporate performing loan portfolio with total exposure higher than €50 million and unsecured loans with total exposure higher than €35 million.
Exposures beyond these limits require further approval:
- The Group General Manager of Risk Management approves performing loans with total exposure higher than €75 million and secured exposure higher than €50 million.
- The CEO approves performing loans with total exposure higher than €150 million and secured exposure higher than €100 million.
- The Executive Board approves performing loans with exposure higher than 10% of the Eurobank regulatory capital.
Central Credit Committee 2 (CCC 2)
CCC 2 assesses and approves credit requests of the Greek corporate performing loan portfolio with total exposure up to €50 million and unsecured loans with total exposure up to €35 million
