Key Legal and Regulatory Framework

 The Bank’s Corporate Governance Framework is aligned with the requirements of Cypriot and European legislation, the decisions and acts of the Central Bank of Cyprus, the guidance of the European Central Bank and the guidelines of the European Banking.

The Bank has adopted a Corporate Governance Code which includes additional provisions in compliance with more specific corporate governance framework applying to credit institutions, as well as provisions on internal arrangements and processes that the Bank implements in compliance with the relevant legal and regulatory framework.

The determination of the authorities and responsibilities of the Bank’s management bodies and the delegation of authorities of the Board of Directors to Bank’s executives are carried out in accordance with its Articles of Association and the applicable legislation, as incorporated in the Bank’s internal framework.

The Bank continuously monitors developments in the applicable framework and relevant guidelines, as well as best practices in the area of corporate governance and proceeds to actions deemed appropriate in order to ensure that internal regulations/charters are in alignment with the each time applicable legal and regulatory framework, as well as relevant guidelines.

With a view to continuous safeguarding of the interests of its shareholder, customers, employees and all stakeholders in general, as well as to sustainable development and creation of long-term value, the Bank sets the upholding of high standards of corporate governance as an absolute priority.

Further information on the Bank’s Corporate Governance Framework are included in the respective section.

NBG Institutional Framework
Below a list of some key institutional documents of NBG: