National Bank of Greece, the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean.
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 theAthens Stock Exchange since the latter'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 EU banking legislation, specifically the provisions, as currently applicable, of Law 2076/92 whereby the second banking directive 89/646/EEC was incorporated 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.
The Bank's branch and ATM network, the largest in Greece (579 domestic banking units and 1,414 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 1,129 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.
Effective HR management is of key strategic importance to the NBG Group. The Group is committed to providing first-class working conditions that enable members of staff to develop their skills dynamically. It does this by applying the latest HR management methodologies in the areas of recruitment, selection, assessment, training and reward, backed by effective, meritocratic procedures and policies.
In 2006, the Bank made notable endeavours to address the needs of today's employees, putting the right systems and procedures in place for the years to come both at the Bank and Group levels.
Accordingly, the Bank's actions focused on: