National Bank of Greece
in Athina, GreeceCategory: Attraction
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Aiolou 84, Athina 105 59, Greece Print route »
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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. From the operations in Greece come 50% of its pretax preprovision profits, complemented by 35% from Turkey and 15% from Southeastern Europe. 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 2.85 Billion Euro as at 21 December 2015. It is however not the largest by assets and liabilities in Greece, trailing Piraeus Bank. It is third largest by Greek loan assets trailing Piraeus Bank and Alpha Bank.
The Swiss banker 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. 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.
NBG is currently listed on the Athens Exchange (Athex: ETE, ISIN GRS003003019) and on the New York Stock Exchange (NYSE: NBG, ADR, ISIN US6336437057). However, National Bank of Greece S.A. is in the process of being delisted from the New York Stock Exchange. On the Athens Exchange it is a constituent of the FTSE/Athex Large Cap index.
