Top 6 Largest Banks in Greece
The largest banks in Greece constitute the backbone of the country's economy, providing vital financial services to both businesses and individuals. This ... read more...paper will look at their origins, impact, and long-term resilience.
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Piraeus Bank, founded in 1916, is one of Greece's largest financial firms, having a substantial presence in the Balkans. Piraeus Bank, being a universal bank, focuses on medium-sized and small businesses, agricultural banking, consumer and mortgage credit and green banking, capital markets and investment banking, leasing, and factoring.
Services
- retail banking
- private banking
- business banking
- corporate banking
Products
- current accounts
- savings accounts
- time deposit accounts
- structured deposit accounts
- debit cards
- prepaid cards
- credit cards
- consumer loans
- mortgage loans
- mutual funds
Piraeus Bank SA is Greece's largest bank in terms of total assets. Its total assets in 2021 were 79 599,00 million EUR. The bank's net income in 2021 was 377,00 million EUR.
Piraeus Bank is a member of Greece's deposit guarantee scheme. This deposit guarantee system applies to all deposit accounts opened by natural persons and legal entities and covers up to 100,000 EUR per depositor per bank. PIRAEUS BANK SA is a member of and contributes to the Hellenic Deposit and Investment Guarantee Fund (TEKE).Founded: 1916
Headquarters: Amerikis 4, 10564, Athens, Greece
Website: https://www.piraeusbank.gr/
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The National Bank of Greece (NBG) is a multinational banking and financial services corporation headquartered in Athens, Greece. Regarding total assets, the National Bank of Greece is Greece's second-largest bank. Its total assets in 2021 were 78 520,00 million EUR. The bank's net income in 2021 was 729,00 million EUR.
The company's operations in Greece generate 85% of its pretax pre-provision profits, with 15% coming from Southeastern Europe. The company provides financial products and services to corporate and institutional clients, as well as private and business clients. Examples of services include banking services, brokerage, insurance, asset management, shipping finance, leasing, and factoring markets.As of 4 December 2018, the group was the largest Greek bank by total assets and the third largest by market capitalization (€1.06 billion). After Piraeus Bank, it is Greece's second-largest depositor. It ranks fourth in Greek loan assets, after Piraeus Bank, Alpha Bank, and Eurobank Ergasias.
In 1841, financiers Jean-Gabriel Eynard and Georgios Stavros established NBG as a commercial bank. Stavros was also elected as the Bank's first director until his death in 1869. NBG had the right to print banknotes from its founding until the establishment of the Bank of Greece in 1928. When the Athens Stock Exchange was established in 1880, NBG was the first company to list on the exchange, a position it has held to this day.
The bank is currently traded on the Athens Exchange (Athex: ETE, ISIN GRS003003019) and is part of the FTSE/Athex Large Cap index. It was traded on the New York Stock Exchange from 1999 to 2015 (NYSE: NBG, ADR, ISIN US6336437057).Founded: 1841
Headquarters: 86, Aiolou Str., 10232, Athens, Greece
Website: https://www.nbg.gr/
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J.F. Costopoulos established Alpha Bank in 1879. The parent firm and primary bank of the Greek bank group Alpha Bank is called Alpha Bank. A wide range of banking and financial services and products are offered by Alpha Bank, including retail and private banking, corporate and investment banking, lending to small and medium-sized businesses, asset management, brokerage services, and real estate management.
Services
- retail banking
- private banking
- business banking
- online brokerage
Products
- current accounts
- savings accounts
- time deposit accounts
- pension accounts
- debit cards
- prepaid cards
- credit cards
- mutual funds
- consumer loans
- housing loans
In terms of total assets, Alpha Bank S.A. is the third-largest bank in Greece. Its total assets in 2021 were 67 398,00 million euros. The bank's net income in 2021 was 112,000,000,000 EUR.
Participating in Greece's deposit guarantee program is Alpha Bank S.A. This deposit guarantee program covers up to 100,000 EUR per bank and per depositor and is applicable to all deposit accounts opened by natural people and legal entities. Alpha Bank S.A. participates in and provides contributions to the Hellenic Deposit and Investment Guarantee Fund (TEKE).Founded: 1879
Headquarters: Stadiou, 40, 10252, Athens, Greece
Website: https://www.alphaholdings.gr/
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Incorporated in 1990, Eurobank is a component of the Eurobank Group (Greece), a dependable financial institution that creates financial products and services with a customer-centric approach. The Eurobank Group follows contemporary corporate governance principles, operates transparently, and establishes credibility. A worldwide commercial bank, Eurobank provides goods and services in retail, private, business, corporate, and wealth management to people, SMBs, and corporate entities.
Services
- retail banking
- private banking
- business banking
Products
- current accounts
- children savings accounts
- pension accounts
- savings accounts
- time deposit accounts
- mutual funds
- debit cards
- prepaid cards
- credit cards
- consumer loans
- mortgage loans
In terms of total assets, Eurobank S.A. is the fourth-largest bank in Greece. Its total assets in 2021 were 61 604,000 EUR. The bank's net income in 2021 was 469,00 million euros.
Fitch and Moody's have assigned Eurobank S.A. ratings. Fitch has given the bank a long-term credit rating of WD (withdrawn). The bank's long-term credit rating from Moody's is B2 (very speculative). Participating in Greece's deposit guarantee program is EUROBANK S.A. Accounts up to 100,000 EUR per bank and depositor are covered under this program.Founded: 1990
Headquarters: Athens, Greece
Website: https://www.eurobankholdings.gr/
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Attica Bank, founded in 1925, is a dynamic financial services corporation with a large network of branches in Greece's major cities. Attica Bank is a universal commercial bank that offers a wide range of retail and business banking products and services to individuals, small and medium-sized businesses, and major corporations.
Services
- retail banking
- business banking
Area Served
- Greece
- Germany
Products
- current accounts
- savings accounts
- time deposit accounts (1.00 - 2.30 %)
- sight deposit accounts
- debit cards
- prepaid cards
- credit cards
- consumer loans
- housing loans
- green loans
- trading accounts
- mutual funds
In terms of total assets, Attica Bank S.A. is Greece's fifth-largest bank. Its total assets in 2021 were 3 662,00 million EUR. The bank's net income in 2021 was -105,00 million EUR.
Moody's has assigned a rating to Attica Bank S.A. Moody's granted the bank a long-term credit grade of Caa1 (substantial risks). Attica Bank S.A. participates in Greece's deposit guarantee scheme. This scheme applies to deposits of up to 100,000 EUR per bank and depositor.Founded: 1925
Headquarters: 23, Omirou Str., 10672, Athens, Greece
Website: https://www.atticabank.gr/
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HSBC began operations in Greece in 1981 and is now known as HSBC Continental Europe (previously HSBC France). HSBC Continental Europe (Greek Branch) serves domestic consumers by providing banking and investment services to individuals, corporations, and institutions.
HSBC Continental Europe, Greece offers retail banking and corporate banking products and services. Current accounts, debit cards, credit cards, savings accounts, time deposit accounts, consumer loans, and mortgage loans are all available from HSBC Continental Europe, Greece.
In terms of total assets, HSBC Continental Europe, Greece is the sixth largest bank in Greece. Its total assets in 2021 were 2 064,89 million EUR. The bank's net income in 2021 was -17,38 million EUR.
All foreign branches of French banks participate in the French deposit guarantee scheme. HSBC Continental Europe, Greece is a member of and contributes to the Fonds de Garantie des Dépôts et de Résolution (FGDR). In the event of the failure of HSBC Continental Europe, Greece, qualified depositors with protected accounts in this bank will receive the following compensation:Maximum Protected Amount: 100,000 EUR
Temporary High Balance: 500,000 EUR
Eligible Depositors
- natural persons
- companies of any size, regardless of their status
- associations and other professional groups
- non-trading partnerships
- foundations and groups of any kind
- public institutions
- local governments
Non-Eligible Depositors
- central governments and administrations
- supranational institutions
- all companies and organizations in the financial sector
- insurance companies
Covered Accounts
- current accounts
- demand accounts
- passbook accounts
- term accounts
- home savings accounts
- home savings schemes
- etc.
Non-Covered Accounts
- notes
- coins
- items entrusted to your bank's safety deposit department
- anonymous deposit or instrument with a holder who cannot be identified
- cash recorded on an electronic medium
- deposit of equity
- nominative savings certificates
Covered Currencies
- EUR (Euro)
- foreign currencies
Paid In Currency
- EUR
Founded: 1981
Headquarters: 109-111, Messogion Avenue, 11526, Athens, Greece
Website: https://www.hsbc.gr/