Since 2002, the BSP has been requiring bank directors and trustees of non-stock savings and loans associations (NSSLAs) to undergo the mandatory seminar on corporate governance to familiarize them with their duties and responsibilities as corporate decision makers.
In total, 9 banks have been successfully resolved. As a result, today we have four well-capitalized viable pillar banks; one of them under state control – but soon to be privatized (Eurobank) – and three privately managed (NBG, Alpha and Piraeus). We also have a few smaller banks, that are also well-capitalized.