Banking in Greece

Banking in Greece is an industry that has an average leverage ratio (assets/net worth) 16 to 1, and short-term liabilities equal to 35% of the Greek GDP or 38% of the Greek national debt, as of 11 October 2008.^[1]On 29 June Greek banks, stayed shut and will remain so to impose capital control. Trading in Greek stocks and bonds halted as well.^[2][3]

Central Bank

• Bank of Greece

Commercial banks

• Aegean Baltic Bank
• Alpha Bank
• Attica Bank
• Eurobank Ergasias
• National Bank of Greece
• Piraeus Bank
• New TT Hellenic Postbank

Greek branches of international banks

• BNP Paribas Securities
• HSBC
• Investment Bank of Greece
• UniCredit
• Bank Saderat Iran (Athens Branch website)
• Ziraat Bank (2 branches, one in Athens and one in Komotini)

Defunct banks

• ATEbank
• Bank of Cyprus
• Citibank
• Emporiki Bank
• First Business Bank
• Geniki Bank
• Hellenic Bank
• Marfin Egnatia Bank
• Millennium Bank
• PROBANK
• Proton Bank
• TBank

See also

• Economy of Greece

References

1. "The World’s Banks Could Prove Too Big to Fail — or to Rescue". New York Times. October 10, 2008.
2. cnn.com: « Greece shuts banks in bid to prevent collapse »"
3. bbc.com: « Greek debt crisis: Banks to stay shut, capital controls imposed »"

External links

• List of largest Greek banks