EFG Eurobank Ergasias introduces a series of changes in its organisational structure

EFG Eurobank Ergasias introduces a series of changes in its organisational structure. The new organisational structure, designed on the basis of modern and efficient banking operational standards, is part of the efforts of the Bank to enhance its position in the financial services sector, to successfully meet intensifying competition and the challenges of the market, and to bring out the skills of its human resources.

EFG Eurobank Ergasias introduces a series of changes in its organisational structure. The new organisational structure, designed on the basis of modern and efficient banking operational standards, is part of the efforts of the Bank to enhance its position in the financial services sector, to successfully meet intensifying competition and the challenges of the market, and to bring out the skills of its human resources. The new organisational structure is supported by the successful implementation of the unified ‘Altamira’ technology platform across the Bank, utilising its vast potential.
The new structure was designed in co-operation with Boston Consulting Group, one of the largest and most reputable consulting companies in the world. In brief, the new organisational structure consists of the following: 1. The area of Retail Banking, headed by Deputy Chief Executive Officer Mr Byron Ballis, encompasses the totality of the Bank’s branches. In this area, there will be two branch types:

‘Universal’ type branches, will have a relatively larger size, as well as greater approval authority, and will offer complete and efficient service to corporate clients with annual turnover of up to about € 2.5 million, aside from individual and professional clients.

‘Standard’ type branches, will have relatively smaller size and will offer the complete range of the Bank’s products and services to individual, professional, as well as corporate clients.2. The Corporate Banking Division falls under the wider area of Wholesale Banking, which is headed by Deputy Chief Executive Officer Mr Nikolaos Karamouzis. Under the Corporate Banking Division, 35 – 40 Corporate Centres are created, including the present network of Peripheral Divisions of Corporate Credit (PYEP), which are strengthened with 15 – 20 new centres. The Corporate Centres will service mainly medium and large corporate clients, with annual turnover of over € 2.5 million, and they will have their own credit administration functions. They will fully and efficiently cover the needs of medium and large corporate clients, develop cross – selling and will apply modern techniques in business development, risk management and client relationship management. The Corporate Banking Division encompasses, besides the network of Corporate Centres, the units of Large Corporates, Shipping, Leasing and Factoring. All of the branch network of the Bank will bear the ‘Eurobank’ name, while the corporate and legal name of the entity remains ‘EFG Eurobank Ergasias’.
Moreover, within the framework of the new organisational structure, Mr Kyriakos Nasikas and Stelios Papaderos, General Mangers of North and South Greece respectively, take on the position of Management Consultant as of the New Year. Mr Nasikas and Papaderos played an important role in the development of the Bank and in the merger process between former Ergobank and former Eurobank. They remain Members to the Board of Directors and will actively participate in Committees and other supervisory bodies, as well as undertake special duties assigned to them by the management of the Bank.