Piraeus Bank
George Handjinicolaou is the current Non-Executive Chairman at Piraeus Bank. Prior to this, they served as the CEO of TBANK from May 2010 to July 2011, and the Deputy CEO of ISDA from September 2011 to December 2016. George has also been a Board Member at Hellenic Energy Clearing.
George was appointed as the Chief Executive Officer of TBANK by the acquiring Bank (Post Bank of Greece) with the objective to turn it around and create strategic options. Within a short period, they succeeded in stabilizing and streamlining activities, attracting back significant deposits and stabilizing the Bank’s funding, and cutting costs and increasing revenues, thus reducing Bank operating loss from E105 in 2009 to less than E25 million in 2010.
The well-known significant deterioration in the macroeconomic situation in Greece reduced the acquiring bank's appetite for further growth initiatives or the consideration of other strategic options and TBank was merged into the Postal Bank in the fall of 2011. Subsequently, both were absorbed by Eurobank. George then went on to serve as the Deputy CEO of ISDA from September 2011 to December 2016.
George Handjinicolaou holds an MBA in Finance from New York University, a Ph.D in Finance from New York University, and a BA in Economics from Athens University of Economics and Business.
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Piraeus Bank
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Piraeus Bank SA is a Greece-based banking institute. It operates in the following main business segments: Retail Banking, Corporate Banking, Investment Banking, as well as Asset Management and Treasury. The Retail Banking segment includes the retail banking operations of the Bank and its subsidiaries, which are addressed to retail customers, as well as to small-medium companies, such as deposits, loans and letters of guarantee, among others. The Corporate Banking segment includes facilities related to corporate banking, provided by the Bank and its subsidiaries, addressed to large and maritime companies, such as syndicated loans, project financing and imports-exports, among others. The Investment Banking segment includes activities related to investment banking operations of the Bank and its subsidiaries, such as investment and advisory services, underwriting services and public listings, as well as stock exchange services, among others. It operates a network of more than 600 units.