National Bank of Greecem
Type	Bank
Founded	1841
Headquarters	Eolou 86, 102 32 Athens, Greece Tel. +30 210 3341000 Image File history File links No higher resolution available. ... Banker redirects here; see wiktionary:banker for more meanings. ... 1841 is a common year starting on Friday (link will take you to calendar). ... Athens (Greek: Αθήνα - Athína) is the largest city and capital of Greece, located in the Attica periphery of Southern Greece. ...
Industry	Banking, Finance
Revenue	US $4.71 Billion (ttm) in 2006 Cash on hand: US $14.12 Billion

The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος) (NYSE: NBG) (LSE: NBGA) is the oldest and, today, the largest commercial bank in Greece and heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean. It owns subsidiaries in over 18 countries, including Bulgaria, Cyprus, Republic of Macedonia, Romania, Russia, Serbia, South Africa, Switzerland, The Netherlands, Turkey and Egypt. Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Banker redirects here; see wiktionary:banker for more meanings. ... The Balkans is the historic and geographic name used to describe southeastern Europe (see the Definitions and boundaries section below). ... The Mediterranean Sea is an intercontinental sea positioned between Europe to the north, Africa to the south and Asia to the east, covering an approximate area of 2. ... For an explanation of terms related to Macedonia, see Macedonia (terminology). ... Anthem Serbia() on the European continent() Capital (and largest city) Belgrade Official languages Serbian written with the Cyrillic alphabet1 Government Parliamentary republic  -  President Boris Tadić  -  Prime Minister Vojislav KoÅ¡tunica Establishment  -  Formation 8th century   -  Independence c. ... Motto: Je Maintiendrai (Dutch: Ik zal handhaven, English: I Shall Uphold) Anthem: Wilhelmus van Nassouwe Capital Amsterdam1 Largest city Amsterdam Official language(s) Dutch2 Government Parliamentary democracy Constitutional monarchy  - Queen Beatrix  - Prime minister Jan Peter Balkenende Independence Eighty Years War   - Declared July 26, 1581   - Recognised January 30, 1648 (by Spain...

Founded in 1841 as a commercial bank, NBG enjoyed the right to issue banknotes until the establishment of the Bank of Greece in 1928. It has been listed on the Athens Stock Exchange since the Exchange's foundation in 1880. Since October 1999, the Bank has been listed on the New York Stock Exchange. NBG is a financial institution legally operating subject to the Greek and the European Union banking legislation, specifically the provisions, as currently applicable, of Law 2076/92, which incorporated the second banking directive 89/646/EEC into Greek law. The NBG Group provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring. ^[1] Not to be confused with the National Bank of Greece. ... The Athens Stock Exchange or ASE (Greek: Χρηματιστήριο Αξιών Αθηνών or ΧΑΑ) is a stock exchange located in Athens, Greece. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ...

The Bank's branch and ATM network, the largest in Greece (568 domestic banking units and 1370 ΑΤΜs), effectively covers the entire country. It is developing and expanding alternative distribution channels for its products, such as Mobile and Internet banking. Today, after recent acquisitions in SE Europe the Group's network overseas includes 868 units. One of the Bank's main strengths is the confidence shown in it by its customers, who hold over 9 million deposit accounts and more than 1.5 million lending accounts with NBG. Having reaffirmed its leading position in the Greek market, the Bank is further modernizing its operations, backed by investment in new technology, so as to better serve its customers and enhance its profitability. ^[2] ATM or atm could refer to: Asynchronous Transfer Mode, a telecommunications protocol Actun Tunichil Muknal, Cave in Belize Adobe Type Manager, typeface management software from Adobe Systems Advanced Traffic Management and Arterial Traffic Management, terms used in the Intelligent Transportation System industry Air Traffic Management (includes air traffic control, air... A deposit account is an account at a banking institution that allows money to be held on behalf of the account holder. ...

History

• NBG was founded in 1841 in Athens, making it the oldest bank in the country. It was not government-owned from its inception but had the right of note issue, which it lost in 1928 when the newly-established Bank of Greece took over as the country's central bank.^[3] Its status was changed to government-owned when, during the first World War, the Bank refused to finance new military equipment for the Greek government. The government then issued legislation that permitted it to appoint its own people to the Bank's board.
• In 1899 NBG acquired the Privileged Bank of Epirothessaly (Pronomiouchos Trapeza Epirothessalias).
• In 1904 NBG established Banque d’Orient, together with Nationalbank für Deutschland, which almost immediately withdrew from the venture. The Greeks kept the branches in Saloniki, Smyrna and Alexandria.
• In 1907 NBG chose Cyprus as the location for its first branch outside Greece.
• In 1919 NBG acquired the Bank of Crete (Trapeza Kritis).
• In 1923 the Treaty of Lausanne provided for a compulsory exchange of populations between Greece and Turkey, leading to the departure of the Greeks from Smyrna, resulting in the closure of Banque d’Orient's branch.
• In 1930 NBG and Bank of Athens combined their activities in Egypt into a joint subsidiary, Banque Nationale de Grèce et d’Athènes.
• In 1932 NBG acquired Banque d'Orient (Trapeza Anatolis).
• In 1939 it established a subsidiary in New York, Hellenic Bank Trust Company.
• In 1947 NBG established the South African Bank of Athens to serve Greek residents in South Africa.
• In 1953 the Greek government forced NBG to merge with Bank of Athens to form National Bank of Greece and Athens, later shortened to National Bank of Greece.
• In 1960 Egypt nationalised all banks in Egypt, including Banque Nationale de Grèce et d’Athénes, which it merged into National Bank of Egypt.
• In 1965 NBG acquired Trapeza Epagelmatikis Pistis.
• In 1978 the Greek government permitted the formation of Arab Hellenic Bank with 49% Arab ownership, as an exception to its prohibition on foreign banks owning more than 40% of the equity of a Greek bank. NBG held 51% and provided most of the bank staff. The Libyan Arab-Foreign Bank and Kuwaiti Investment Organisation held 40% between them while other Arab investors held 9%. That same year NBG opened a branch in Cairo.
• In 1994 NBG incorporated its branches in Cyprus into a subsidiary—National Bank of Greece (Cyprus)
• In 1995 the Greek government dissolved the insolvent Arab Hellenic Bank at a cost to Greece's Deposit Guarantee Fund of Euro 1.5m in payments to depositors.
• In 1998 NBG merged with the National Mortgage Bank of Greece (Ethniki Ktimatiki Trapeza Ellados), itself the result of the merger of the National Mortgage Bank and the National Housing Bank of Greece.
• In July, 2000 National Bank of Greece acquired 89.9% of the United Bulgarian Bank (UBB).
• In April, 2000, in a joint deal with the European Bank for Reconstruction and Development (EBRD) and IFC, NBG acquired a majority stake in Stopanska Banka (Skopje, Republic of Macedonia).
• In 2002 NBG merged with ETEBA – National Investment Bank for Industrial Development.
• In 2002 National Bank of Greece's attempted merger with Alpha Bank fell through.
• In 2003 NBG bought Banca Romaneasca, a Romanian bank, and currently holds 88.7% of all outstanding shares. Banca Romaneasca has 90 branches.
• In 2005 Bank of Nova Scotia acquired all of NBG's operations in Canada.
• In 2005, as part of the NBG Group's ongoing effort to improve its portfolio structure and effectively respond to changes in the domestic and international markets, the Boards of Directors of National Bank of Greece S.A. and National Investment Company S.A. decided to merge the two companies through absorption of the latter by the Bank. ^[4]
• In 2006 NBG acquired 46% of the shares of Finansbank in Turkey.
• In 2006 NBG acquired 99.44% of Serbia's Vojvođanska Bank for €385 mn.
• In 2006 NBG sold its US arm, Atlantic Bank of New York, to New York Community Bancorp for US$400 million (€331 million) in cash. Proceeds from the sale will help finance further acquisitions in southeast Europe.
• On January 9, 2007 the National Bank of Greece announced that it had increased its stake in Finansbank to 80.4 percent. NBG, in a statement issued to the Athens Stock Exchange, said it had acquired the additional 34.4 percent in Finansbank from minority shareholders which adds to it's already existing 46% stake. Hüsnü Özyeğin reported in the initial press conference when NBG announced it's 46% share purchase that he would have "loved to have been offered National Bank of Greece shares instead of cash, however there were no shares available" (outside of the current shares floated in the free market).
• On January 25, 2007 NBG announced the merger between National Bank of Greece and National Management & Organization Co (Ethnokarta). Given that NBG holds 100% of National Management & Organization Co (Ethnokarta) shares, NBG’s share capital will not increase following the completion of the merger.
• On March 21, 2007 NBG concluded the acquisition of P&K Investment Services SA. Following the approvals from the regulatory authorities (the Bank of Greece, the Competition Committee and the Capital Market’s Committee) and the fulfilment of all the remaining conditions of the share purchase agreement, the National Bank of Greece (NBG) and the shareholders of P&K Investment Services SA concluded the transaction today, signing the documents for the transfer of shares of P&K Investment Services SA (parent company of P&K Securities and P&K Mutual Fund Company) to the National Bank of Greece. In 2006, the financial results of P&K Investment Services improved further. Profits after tax (on a consolidated level) amounted to € 10.3mn (+147% compared with 2005), while total shareholders’ funds reached € 31mn from € 21.4mn at the end of 2005. As a result, the total consideration for the acquisition of P&K Investment Services, which had been set at €48.7mn, corresponds to 1.6x the company’s total shareholders’ funds or 4.7x its after-tax profits. With the completion of this acquisition, the largest provider of brokerage and investment services is created in Greece, with the aim of expanding its business in all countries where NBG has a presence.

1841 is a common year starting on Friday (link will take you to calendar). ... Athens (Greek: Αθήνα - Athína) is the largest city and capital of Greece, located in the Attica periphery of Southern Greece. ... Not to be confused with the National Bank of Greece. ... Year 1899 (MDCCCXCIX) was a common year starting on Sunday (link will display the full calendar). ... 1904 (MCMIV) was a leap year starting on a Friday (see link for calendar). ... Thessaloníki (Θεσσαλονίκη; pronounced IPA /θɛ.sa. ... Agora of Smyrna Smyrna (Greek: Σμύρνη) is an ancient city (today Ä°zmir in Turkey) that was founded at a very early period at a central and strategic point on the Aegean coast of Anatolia. ... Alexandria (Greek: , Coptic: , Arabic: , Egyptian Arabic: Iskindireyya), (population of 3. ... 1907 (MCMVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... Bank of Crete was a small Greek bank bought by George Koskotas, and they both shot to fame, or rather infamy, thanks to the banks involvement in a major scandal in Greece in the late 1980s. ... {{year nav|1939 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar). ... Borders as shaped by the treaty The Treaty of Lausanne (July 24, 1923) was a peace treaty that settle a part of the partitioning of the Ottoman Empire that reflected the consequences of the Turkish Independence War between Allies of World War I and Turkish national movement, (Grand National Assembly... Agora of Smyrna Smyrna (Greek: Σμύρνη) is an ancient city (today Ä°zmir in Turkey) that was founded at a very early period at a central and strategic point on the Aegean coast of Anatolia. ... Year 1930 (MCMXXX) was a common year starting on Wednesday (link is to a full 1930 calendar). ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will take you to a full 1932 calendar). ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will display full year calendar). ... NY redirects here. ... Hellenic may refer to: the Hellenic Republic (the modern Greek state) the Hellenes, itself a term for either ancient or modern Greeks anything related to Greece in general or Ancient Greece in particular. ... 1947 (MCMXLVII) was a common year starting on Wednesday (the link is to a full 1947 calendar). ... 1953 (MCMLIII) was a common year starting on Thursday. ... Athens (Greek: Αθήνα - Athína) is the largest city and capital of Greece, located in the Attica periphery of Southern Greece. ... 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ... 1898 Sir Earnest Cassel (50% ownership), Ralph Isaac Suarez, his brothers Joseph and Felix and related parties (25%) and Constantine Salvagos of Alexandria (25%) established the National Bank of Egypt (NBE), though Cassel remained in England. ... 1965 (MCMLXV) was a common year starting on Friday (the link is to a full 1965 calendar). ... 1978 (MCMLXXVIII) was a common year starting on Sunday. ... The Arab Hellenic Bank was an internationally owned bank based in Greece. ... Nickname: Al Qahirah (The Triumphant City) Egypt: Site of Cairo (top center) Coordinates: Government  - Governor Dr. Abdul Azim Wazir Area  - City 214 km²  (82. ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... The Arab Hellenic Bank was an internationally owned bank based in Greece. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... United Bulgarian Bank (Bulgarian: , abbreviated ОББ, UBB) is a Bulgarian bank founded in 1992 through the merger of 22 regional banks, marking the first and most large-scale consolidation in Bulgarian banking. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... Founded in 1991, the European Bank for Reconstruction and Development (EBRD) uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia. ... Skopje (Macedonian: ) is the capital and largest city in the Republic of Macedonia, with more than a quarter of the population of the country, as well as the political, cultural, economical and academic centre of the country. ... For an explanation of terms related to Macedonia, see Macedonia (terminology). ... For album titles with the same name, see 2002 (album). ... For album titles with the same name, see 2002 (album). ... Alpha Bank is the second largest bank in Greece with 450 branches throughout the country. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Founded in Halifax, Nova Scotia in 1832, the Bank launched its branch banking system by opening in Windsor, Nova Scotia. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... Finansbank is a Turkish private bank, founded on September 23, 1987 in Ä°stanbul by Hüsnü ÖzyeÄŸin, one of Turkeys leading bankers. ... For the Manfred Mann album, see 2006 (album). ... Anthem Serbia() on the European continent() Capital (and largest city) Belgrade Official languages Serbian written with the Cyrillic alphabet1 Government Parliamentary republic  -  President Boris Tadić  -  Prime Minister Vojislav KoÅ¡tunica Establishment  -  Formation 8th century   -  Independence c. ... VojvoÄ‘anska banka (full name: VojvoÄ‘anska banka a. ... For the Manfred Mann album, see 2006 (album). ... Finansbank is a Turkish private bank, founded on September 23, 1987 in Ä°stanbul by Hüsnü ÖzyeÄŸin, one of Turkeys leading bankers. ... The Athens Stock Exchange or ASE (Greek: Χρηματιστήριο Αξιών Αθηνών or ΧΑΑ) is a stock exchange located in Athens, Greece. ... Finansbank is a Turkish private bank, founded on September 23, 1987 in Ä°stanbul by Hüsnü ÖzyeÄŸin, one of Turkeys leading bankers. ... Hüsnü ÖzyeÄŸin (born 1944) is a Turkish businesman in the finance sector and self-made billionaire. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ...

Notes

See also

• Banking
• Greece

For other uses, see Bank (disambiguation). ...

External Links

• Banca-Romaneasca Official Site
• Greek Banking System Directory
• National Bank of Greece Official Site
• News (February 22, 2007) ~ National Bank of Greece Expects Annual Growth to Exceed 30 Percent for Next 3 Years
• News (February 22, 2007) ~ National Bank of Greece Delivers