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CEO of Greece’s Largest Bank Has a Plan to Move Past Financial Crisis

  • Bank weighs speeding up securitization plan scheduled for 2021
  • Insurance unit sale to start in coming weeks, Mylonas says
Paul Mylonas in Athens on Oct. 4.
Paul Mylonas in Athens on Oct. 4.Photographer: Loulou D’Aki/Bloomberg

National Bank of Greece, the country’s biggest lender by assets, wants to pick up the pace as its moves on from the crippling legacy of the financial crisis, and its chief executive officer is planning two main initiatives to get there.

On the docket: a possible move to bring forward the securitization of bad loans currently scheduled for 2021 and the sale of the company’s insurance unit as soon as this year, CEO Paul Mylonas said.