The Board of Directors

The Board of Directors plays a key role in the organization, development and activities of Cherry Bank.

he Board of Directors is vested with all powers of ordinary and extraordinary administration, with the exception of those powers reserved strictly by law or by the Articles of Association for the Shareholders’ Meeting. The Board of Directors consists of nine to eleven members who meet the requirements of the current regulatory provisions for persons performing administrative functions at banks and must reflect an appropriate degree of diversification in terms of, among other things, skills, experience, age, and gender.

The Board of Directors of Cherry Bank, which was elected on February 3, 2026 by the Bank’s Shareholders’ Meeting for the fiscal years 2026/2027/2028 and will therefore expire with the approval of the financial statements for the fiscal year 2028, is currently composed as follows: