The Greek banking system is made up of four systemic banks (big Greek banks with a significant impact on the domestic economy), Greek banks, and international banks with branches in the country.
The Bank of Greece is the country’s central bank, in charge of maintaining price stability and overseeing private banks. It also acts as the Greek government’s treasurer and fiscal agent. The Greek central bank was established in 1927 and has various locations throughout the country.
The following are the top Greek banks:
Bank of Piraeus
In 1916, Universal Bank Piraeus Bank A.E. was founded with the goal of assisting small and medium-sized businesses. The bank today has 484 branches in Greece and 133 branches in Frankfurt, London, Bulgaria, Ukraine, and Albania, offering a variety of banking services.
Ergasias Eurobank SA
Eurobank Ergasias SA is Greece’s second-largest bank, having been founded in 1990. Through its 625 offices, the European banking organization offers a wide range of banking and financial products and services, including retail, corporate, and investment banking, as well as asset management.
The bank, which is headquartered in Athens, has a strong presence in Bulgaria, Romania, Serbia, Cyprus, Luxembourg, London, and Ukraine.
Piraeus Bank, headquartered in Athens, is Greece’s largest bank by assets. It has a 30% share of the market in net loans and a 29% percent of total deposits.
In terms of market value, Alpha Bank is the largest bank in Greece. The bank has 671 branches and subsidiaries around southern Europe, where it provides financial goods and services to people and businesses in Greece and other countries.
John F. Costopoulos created a small commercial firm in Kalamata in 1879, which later became Alpha Bank. In 1918, his banking division has renamed the Bank of Kalamata. After moving its headquarters to Athens in 1924, the bank changed its name to Banque de Credit Commercial Hellenic.
Aegean Baltic Bank
Aegean Baltic Bank (ABBank) is a specialist bank that focuses on the Greek and regional maritime communities, offering business, investment, and wealth management products and services. It was established in 2002 and has offices in Maroussi, Piraeus, and Glyfada.
Is it possible for a foreigner to open a bank account in Greece?
As a non-resident, am I able to create a bank account in Greece? Yes, as a non-resident, you can open a bank account in Greece. The banks will ask for the AFM, or Arithmo Forologiko Mitro, a nine-digit tax number that you may readily obtain from your local tax office in Greece.