12° Nicosia,
04 October, 2023

Gatzke returns to Hellenic

The German's replacement, Mr. Petros Arsalidis, will resume his responsibilities as Secretary of the Board of Directors.

Panayiotis Rougalas

Oliver Gatzke, CEO of the Hellenic Bank, has returned to his post as of today, December 12.

Following the completion of the investigation into alleged statements and actions by the Bank's Chief Executive Officer (CEO), Mr. Oliver Gatzke, the Board of Directors of the Bank has decided - as announced by the Bank last Friday - to return the CEO to his duties.

As a reminder, the Cyprus Securities and Exchange Commission investigated the CEO of Hellenic for potential share manipulation. At the 48th annual meeting of Hellenic Bank, the accusations had been made by Nearchos Ioannou, the former CEO of Dimitra Investment. There is no factual basis for an investigation, according to the Cyprus Securities and Exchange Commission.

As of today, December 12, Mr. Petros Arsalides, Board Secretary / General Manager, Chairman's Office & Board Secretariat, who filled in for the CEO during his absence, will resume his responsibilities.

Cyprus  |  banks

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