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Economy and Banking Sector of Greece

Major Banks of Greece

National Bank of Greece

Established in 1841, National Bank of Greece is one of the largest financial groups in Greece, with a strong presence in Southeast Europe and Eastern Mediterranean. National Bank of Greece is a universal bank providing a broad range of products and services in the areas of retail, private, corporate and investment banking.

In 2017 total assets of National Bank of Greece were 64 768,00 mln EUR. In 2017 the bank's net income was -163,00 mln EUR.

National Bank of Greece is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is RD (restricted default). Long-term credit rating assigned to the bank by Moody's is Caa2 (extremely speculative). National Bank of Greece participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Piraeus Bank

Founded in 1916, Piraeus Bank is one of the largest banking groups in Greece, with a strong presence in the Balkans. Operating as a universal bank, Piraeus Bank is particularly focused on medium-sized and small enterprises, agricultural banking, consumer and mortgage credit and green banking, capital markets and investment banking, as well as leasing and factoring.

In 2017 total assets of Piraeus Bank were 67 416,00 mln EUR. In 2017 the bank's net income was -204,00 mln EUR.

Piraeus Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is RD (restricted default). Long-term credit rating assigned to the bank by Moody's is Caa2 (extremely speculative). Piraeus Bank participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Alpha Bank

Alpha Bank is one of the largest banks in Greece, the bank provides a broad range of banking and financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management.

In 2017 total assets of Alpha Bank were 60 813,00 mln EUR. In 2017 the bank's net income was 21,00 mln EUR.

Alpha Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is RD (restricted default). Long-term credit rating assigned to the bank by Moody's is Caa3 (in default with little prospect for recovery). Alpha Bank participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Eurobank Ergasias (Eurobank EFG)

Established in 1990, Eurobank is a universal commercial bank, offering products and services in retail, private, corporate banking and wealth management to individuals, SMEs and business entities.

In 2017 total assets of Eurobank Ergasias (Eurobank EFG) were 60 029,00 mln EUR. In 2017 the bank's net income was 115,00 mln EUR.

Eurobank Ergasias (Eurobank EFG) is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is RD (restricted default). Long-term credit rating assigned to the bank by Moody's is Caa3 (in default with little prospect for recovery). Eurobank Ergasias (Eurobank EFG) participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Emporiki Bank of Greece SA.

Established in 1970, Emporiki Bank of Greece (Commercial Bank of Greece) was a commercial bank, specialized in providing private, corporate and investment banking, asset and wealth management products and services. In February 2013 Alpha Bank bought Emporiki Bank.

Emporiki Bank of Greece SA. participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

Attica Bank S.A.

Established in 1925, Attica Bank is a universal bank, providing a broad range of banking products and services to individuals, SMEs and large companies.

In 2017 total assets of Attica Bank S.A. were 3 560,00 mln EUR. In 2017 the bank's net income was 4,00 mln EUR.

Attica Bank S.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Caa3 (in default with little prospect for recovery). Attica Bank S.A. participates in deposit guarantee scheme of Greece. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also