National Bank, HFSF and Piraeus still lacking key decision-makers

National Bank of Greece, the country's oldest, remains without a president, an issue that will be revisited in the coming days. At the same time, its main shareholder, bank bailout fund HFSF, is also effectively headless.

On Thursday evening, during an NBG governing board meeting aimed at ratifying the selection of Panayiotis Thomopoulos as the lender's new president, the Hellenic Financial Stability Fund asked that the meeting be adjourned for three days.

The HFSF representatives stressed that all necessary measures would be taken to safeguard the fund's rights - which sounded like a threat to convene an extraordinary general meeting to vote against the new president, who is not the HFSF's choice.

The request for an adjournment followed the board's decision to choose someone other than the HFSF's recommendation for NBG president. The HFSF controls over 40 percent...