Cyprus: Bank of Piraeus appoints brand new Board of Directors

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Lebanon owned Bank of Piraeus has appointed a new Board of Directors for its Cyprus branch. Mr Sehnaoui SAL recently acquired an 82% shareholding; while Mr Shadi Karam will be the Chairman of its new Board of Directors. The appointment of the new board follows a €40m capital increase carried out by the Sehnaoui holding in December last year.