The banking system of Greece includes commercial banks, cooperative banks and branches of foreign banks. The banking sector is dominated by four largest domestic banks: NBG, Alpha Bank, Piraeus and Eurobank Ergasias. There are over 16 million payment cards in circulation in Greece, including approximately 20% credit cards and 80% debit cards. Here is a list of the largest banks operating in Greece.

National Bank of Greece

Established in 1841 by Greek banker Georgios Stavros and Swiss banker Jean-Gabriel Eynard, National Bank of Greece (NBG), is the largest Greek bank by total assets. With approximately 11,000 employees, it offers a full array of products and services to private and corporate customers through about 540 domestic branches, 1,500 ATMs, and 65 international offices. It offers savings and current accounts, debit and credit cards, prepaid cards, housing and consumer loans, green loans, investment products, private banking, premium banking, bancassurance, pension plans, asset and liquidity financing, import - export and trade finance services, eco solutions, corporate cash management, project finance, securities services and more. The company also has branches and subsidiaries in Cyprus, Romania, United Kingdom, Egypt, Bulgaria, Malta and Macedonia as well as representative office in Melbourne (Australia).

Alpha Bank

Founded in 1879 by John F. Costopoulos, Alpha Bank is the second largest bank in Greece based on total assets and net loans as well as the country’s largest financial institutions in terms of market capitalization. The company’s stocks are listed on the Athens Exchange with a market value of US$2.3 billion as of August 15, 2019. The company employs 11,360 people and operates 457 branches in Greece and 186 branches abroad. The Bank’s credit ratings are B- from Standard & Poor’s, Caa2 from Moody’s and CCC+ from Fitch.

Piraeus Bank

Headquartered in Athens, Piraeus is the third largest bank in Greece as measured by assets and the largest by loans and deposits. With approximately 12,300 employees, it serves 5.2 million customers through more than 550 branches and 2,000 ATMs across the country. It also maintains branches in London, Frankfurt, and Sofia. Piraeus is the only Greek bank in Germany and was the first foreign bank in Bulgaria. Piraeus UK branch specializes in services for high-net-worth-individuals. As of September 30, 2018, the Bank had US$60.4 billion in gross loans, US$49.1 billion in deposits, US$5.4 billion in total equity and US$67.8 billion in total assets. The company’s shares are listed on the Athens Stock Exchange, with a market capitalization of US$870 million as of May 2, 2019. The Group’s credit rating is Caa2 from Moody’s (positive outlook), CCC from Fitch, and B- from Standard & Poor’s (stable outlook).

Eurobank Ergasias

Eurobank Ergasias SA is the fourth largest bank in Greece by assets and deposits, third largest by loans and the second largest by market value. With 13,200 employees, it operates through a network of over 640 branch offices including 340 domestic units. It has a strong international presence in Luxembourg, Cyprus, the United Kingdom, Serbia and Bulgaria. The company offers corporate and retail banking services, private banking, wealth management, real estate services, equipment and property leasing, mergers and acquisitions, investment funds, mobile and online banking, and insurance products. As of March 7, 2019, it had a market capitalization of US$1.6 billion.

Attica Bank

Headquartered in Athens, it is one of top 10 banks in Greece with more than 60 branches and US$3.9 billion in total assets. It offers savings and current accounts, time deposits, home loans, consumer and green loans, card services, insurance programs for individuals, share trading and mutual funds, margin accounts, short and long term loans, domestic factoring, leasing, letters of guarantee, sale of the Greek Government securities, Visa business card and business debit MasterCard, online banking and other services. The company employs 630 people and operates as a subsidiary of EFKA pension fund. The Attica Bank Group’s subsidiaries include Attica Wealth Management M.F.M.C., Attica Finance, Attica Ventures, AtticaBank Properties, Attica Funds and Attica Bancassurance.

HSBC Greece

HSBC, one of the leading international financial groups, has been present in the country since 1981. It is a major player in the Greek financial market providing a wide suite of premium banking and investment products to personal, corporate and institutional customers. The company maintains offices in Athens, Thessaloniki and Piraeus. HSBC Greece was formerly a branch of HSBC Bank plc and became a branch of HSBC France in 2017. In January 2019, HSBC announced the appointment of Peter Yeates as a new CEO for Greece.

Citibank Greece

Citigroup, an American financial services corporation, has been present in Greece since 1964. It was the first bank in Greece to introduce investment products to the local market. Currently the company offers financial services to businesses, financial institutions and public sector. Citi sold its retail banking operations in the country to Alpha Bank, the second largest Greek bank. Citi was awarded the title of Best Investment Bank in Greece by leading financial magazine Euromoney.

See also:

Branches of Foreign Banks in Greece

ABN Amro Bank N.V.
BNP Paribas Securities Services
EFG Bank (Luxembourg) S.A.
FCA Bank GmbH
Deutsche Bank AG
DoBank S.p.A
DVB Bank SE
Opel Bank GmbH
FCE Bank Plc
FIMBank plc
Hamburg Commercial Bank AG
HSBC France Athens Branch
Unicredit Bank AG
Bank of Cyprus Public Company
Citibank Europe plc
Volkswagen Bank GmbH
BMW Austria Bank GmbH
ProCredit Bank (Bulgaria) EAD