Board of Directors

The Board of Directors governs and administers the affairs of the Bank, represents it before judicial and extrajudicial authorities, and resolves upon and executes any act relating to the management of its business and assets, as well as any act necessary for the attainment of its corporate purpose, save for those matters which fall within the exclusive competence of the General Meeting of Shareholders or for which the latter has already adopted a resolution.

The first and foremost obligation and duty of the BoD members is to continuously improve the long-term economic value of the bank and support its corporate interests.

The Board of Directors of the Bank is composed of ten (10) Members, elected by the General Meeting of Shareholders of the Bank, unless otherwise provided by law or by the Bank’s Articles of Association, for a term of five (5) years. The term of office shall commence on the date of election and shall be automatically extended until the expiry of the deadline for convening the next Ordinary General Meeting of Shareholders and until the adoption of the relevant resolution. In no case shall the term exceed six (6) years. The Members of the Board of Directors may serve as executive, non-executive, or independent non-executive members, in accordance with the applicable provisions of banking legislation.

The Board of Directors convenes in session whenever required by law or by the needs of the Bank.