Bank
of Greece is the central bank of Greece and is a state institution, but it has a unique shareholding structure that includes both government and private shareholders.
Name and Background
Full name of the bank: Bank of Greece (Bank of Greece)
Founded: Established in 1927 under the Geneva Protocol, Commenced operations on May 14, 1928Location
: Athens,
GreeceShareholder Background: A company limited by shares, the shares of which have been listed on the Athens Stock Exchange since June 12, 1930. The government, through the National Social Security Entity (e-E.F.K.A.), holds 12.44% of the shares, directly holding 8.93%, with the rest of the shares dispersed among about 17,000 private shareholders.
Scope of ServicesAs
a central bank, Greek banks do not provide traditional retail banking services. Its main responsibilities include formulating and implementing monetary policy, supervising financial institutions, and maintaining financial stability.
Regulatory & Compliance
regulator: The Bank of Greece itself acts as the country's financial regulator and is responsible for supervising banks and insurance companies in the country, and participates in the European Single Banking Supervisory Mechanism (SSM) in cooperation with the European Central Bank (ECB).
Deposit Insurance Scheme: The Bank of Greece does not provide deposit insurance services directly, but supervises and administers the country's deposit insurance system.
Recent Compliance Record: Greek banks have made progress in strengthening the stability of the banking system, but still face challenges such as a high proportion of non-executive loans (NPLs).
Financial health
capital adequacy ratio: As of June 2024, the Greek banking system has a CET1 ratio of 15.4% and a total capital adequacy ratio (TCR) of 18.8%, Slightly below the EU average.
Non-performing loan ratio: In June 2024, the non-performing loan ratio of the Greek banking system was 6.9%, higher than the EU average of 2.3%
Liquidity Coverage Ratio: In June 2024, the liquidity coverage ratio of the Greek banking system was 209.3%, showing a good liquidity position.
Deposit & Loan ProductsAs
a central bank, Greek banks do not offer retail banking products such as deposit accounts or loan services.
List of Common Fees
Greek banks do not provide bank accounts to the public, so there are no fees involved in account management fees, transfer fees, etc.
Digital Service ExperienceThe
Bank of Greece provides information services primarily through its official website (www.bankofgreece.gr), There is no public-facing mobile app or online banking service.
Quality of Customer Service
As a central bank, the Bank of Greece does not provide services for individual customers, so there are no aspects such as customer service channels, complaint handling, or multilingual support.
Security measures
security of funds: The Bank of Greece supervises the country's deposit insurance system to ensure the safety of depositors' funds.
Data security: The Bank of Greece is committed to maintaining the security of the financial system, including in response to cyberattacks and other potential threats.
Featured Services and DifferentiationAs
a central bank, the Bank of Greece's main responsibilities include formulating monetary policy, supervising financial institutions, maintaining financial stability, etc., and does not provide banking products for specific groups of people.
