Likely Greek governor leaves commercial bank

George Provopoulos, the favourite to succeed Nicholas Garganas at the helm of the Bank of Greece, has resigned as chief executive of Piraeus Bank.

Naftemporiki, a Greek newspaper, reported shortly after Garganas announced his retirement that Provopoulos would succeed him in June.

Provopoulos was formerly a deputy governor at the central bank from 1990 to 1993.

He is also a professor at the University of Athens and has written a book:'The Dynamics of the Financial Credit System'.