Back البنك الأهلي اليوناني Arabic Нацыянальны банк Грэцыі Byelorussian Нацыянальны банк Грэцыі BE-X-OLD Banc Nacional de Grècia Catalan بانکی ناوەندیی یۆنان CKB National Bank of Greece German Εθνική Τράπεζα της Ελλάδος Greek Banco Nacional de Grecia Spanish بانک ملی یونان Persian Ethnikí Trápeza French

National Bank of Greece

This article is about the largest commercial bank in Greece. For the central bank of Greece, see Bank of Greece.

37°58′51.6″N 23°43′44.5″E / 37.981000°N 23.729028°E / 37.981000; 23.729028

National Bank of Greece S.A.[1]
Native name
Εθνική Τράπεζα της Ελλάδος Α.Ε.[1]
Company typePublic
Athex: ETE
ISINGRS003003035[2]
IndustryFinancial services
Founded30 March 1841 (1841-03-30)[1] in Athens, Greece[3]
Headquarters
Athens
,
Greece[1]
Number of locations
356 branches in Greece[4]
Area served
[5]
Key people
[6]
Revenue
  • Decrease €1.903 billion (2021)
[5]
  • Decrease €799 million (2021)
[5]
  • Increase €869 million (2021)
[5]
Total assets
  • Increase €83.958 billion (2021)
[5]
Total equity
  • Increase €5.772 million (2021)
[5]
Owner
[7]
Number of employees
8,800[4]
Subsidiaries
  • Bankteco
  • Ethniki Leasing
  • National Bank of Greece (Cyprus)
  • NBG Asset Management Luxembourg
  • NBG International (UK)
  • Stopanska Banka (94.64%)
[8]
Capital ratioCommon Equity Tier 1 capital = 15.7% (fully loaded Basel III)
Websitenbg.gr

The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος) is a global banking and financial services company with its headquarters in Athens, Greece. It is the largest Greek bank by total assets.[9][10]

85% of the company's pretax preprovision profits are derived from its operations in Greece, complemented by 15% from Southeastern Europe.[11] The group 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 group is the largest Greek bank by total assets and the second largest by market capitalisation of €6.8 billion as at 27 March 2024.[12][13] It is the second largest by deposits in Greece after Piraeus Bank. It is fourth largest by Greek loan assets trailing Piraeus Bank, Alpha Bank and Eurobank Ergasias.

The bankers Jean-Gabriel Eynard and Georgios Stavros founded NBG in 1841 as a commercial bank. Stavros was also elected as the first director of the Bank until his death in 1869.[14] From NBG's inception until the establishment of the Bank of Greece in 1928, NBG enjoyed the right to issue banknotes. When the Athens Stock Exchange was founded in 1880, NBG immediately listed on the exchange, a listing it has retained to the present.

The bank is currently listed on the Athens Exchange (Athex: ETE, ISIN GRS003003019); it is a constituent of the FTSE/Athex Large Cap index. From 1999 to 2015 it was listed on the New York Stock Exchange (NYSE:NBG, ADR, ISIN US6336437057).[15]

NBG has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[16][17]

  1. ^ a b c d "Στοιχεία Δημοσιότητας". Business Registry (in Greek). Union of Hellenic Chambers Of Commerce. Retrieved 23 January 2023.
  2. ^ "Profile". Athens Exchange Group. Retrieved 23 January 2023.
  3. ^ "Our History". National Bank of Greece. Retrieved 23 January 2023.
  4. ^ a b "Our National Bank". National Bank of Greece. Retrieved 23 January 2023.
  5. ^ a b c d e f "Group and Bank Annual Financial Report 31 December 2021" (PDF). National Bank of Greece. Retrieved 23 January 2023.
  6. ^ "Management & Organizational Structure". National Bank of Greece. Retrieved 23 January 2023.
  7. ^ "Shareholder Structure". National Bank of Greece. Retrieved 23 January 2023.
  8. ^ "Annual Financial Report for the year ended 31 December 2021" (PDF). Eurobank Holdings. Retrieved 23 January 2023.
  9. ^ "Economy and Banking Sector of Greece".
  10. ^ "List of Banks in Greece - Overview of Top 10 Greek Banks". www.advratings.com. Retrieved 10 March 2023.
  11. ^ "{ticker} {securityName} {exchange}:{ticker} Stock Quote Price News". quote.morningstar.com. Retrieved 17 August 2017.
  12. ^ "Athens Exchange Group: Banks (ranked by capitalization) – helex.gr". Athens Exchange Group. 4 December 2018. Retrieved 4 December 2018.
  13. ^ "Athens Exchange Group: Stocks (ranked by capitalization) – helex.gr". Athens Exchange Group. 4 December 2018. Retrieved 4 December 2018.
  14. ^ "Georgios Stavros". National Bank of Greece - Historical Archive. Archived from the original on 20 May 2014.
  15. ^ "National Bank of Greece (NBG) Delisting Process to Begin". Yahoo Finance. 30 November 2015. Retrieved 1 December 2015.
  16. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  17. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.

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