Greek Piraeus Bank CEO resigns

Greek Piraeus Bank CEO Anthimos Thomopoulos submitted his resignation on Friday.

Thomopoulos, according to media reports, was lately under pressure from Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), to step down.

This came after Piraeus Bank, the country's biggest commercial bank, struggled to complete successfully the process of raising fresh capital from private investors in late 2015.

After more than 3 billion euros (3.28 billion U.S. dollars) in capital injections from the HFSF, the Fund now holds a 25 percent of shares in Piraeus, which is the double compared to the other three major Greek banks.

Piraeus also faces problems of non-performing loans which has been a key issue in Greece's negotiations with international lenders in recent months. Endit