37°58′51.6″N 23°43′44.5″E / 37.981000°N 23.729028°E
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![]() Historic NBG building on Kotzia Square, Athens | |
Native name | Εθνική Τράπεζα της Ελλάδος Α.Ε.[1] |
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Company type | Public |
Athex: ETE | |
ISIN | GRS003003035[2] |
Industry | Financial services |
Founded | 30 March 1841[1] in Athens, Greece[3] |
Headquarters | Athens , Greece[1] |
Number of locations | 356 branches in Greece[4] |
Area served | [5] |
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Number of employees | 8,800[4] |
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Capital ratio | Common Equity Tier 1 capital = 15.7% (fully loaded Basel III) |
Website | nbg |
The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος) is a banking and financial services company with its headquarters in Athens, Greece. Founded in 1841 as the newly independent country's first financial institution, it has long been the largest Greek bank, a position it still held in the early 21st century.[9]: 89 Following the financial turmoil of the Greek government-debt crisis in the 2010s, it remains one of Greece's four dominant banks together with Alpha Bank, Eurobank Ergasias, and Piraeus Bank. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in 2014, and as a consequence is directly supervised by the European Central Bank.[10][11] NBG offers financial products and services for corporate and institutional clients along with private and business customers. Services include banking services, brokerage, insurance, asset management, shipping finance, leasing and factoring markets.
The National Bank of Greece was Greece's dominant bank of issue from 1842 to 1928. As a consequence of Greece's territorial expansion, it shared the issuance privilege on a local basis with the Ionian Bank in the Ionian Islands between 1864 and 1920, with the Privileged Bank of Epirothessaly in those regions between 1882 and 1899, and with the Bank of Crete in Crete between 1899 and 1919.[9]: 89 In 1920, it recovered its original issuance monopoly following its acquisition of the Bank of Crete and revocation of the Ionian Bank's note-issuance privilege. That monopoly was transferred in 1928 to the Bank of Greece, newly established as the country's central bank under oversight of the Economic and Financial Organization of the League of Nations.
NBG has been listed on the Athens Stock Exchange since the latter's founding in 1880, and was also listed on the New York Stock Exchange from 1999 to 2015.(NYSE:NBG, ADR, ISIN US6336437057).[12] Its development has included major acquisitions such as those of the Privileged Bank of Epirothessaly in 1899,[9]: 89 the Bank of Crete in 1919, and the Bank of Athens in 1953.[13]
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