The Troubled Assets Committee is appointed by the CEO.
Role and responsibilities
The Troubled Assets Committee is established in compliance with the provisions of the Bank of Greece Executive Committee Act No. 42/30.05.2014, as in force. The main responsibility of the TAC is to provide strategic guidance and monitor troubled asset management, ensuring independence from business units and compliance with the requirements of the Act.
The Committee convenes at least once a month. It informs the Board of Directors and the relevant committees on the results of its activities at least once every 3 months.
Appointment and office term
The Troubled Assets Committee consists of at least 2 members, appointed by the Eurobank CEO.
The Committee members are senior managers with knowledge and experience in troubled asset and risk management.
