The Bank of Greece is the central bank of the country. It was established in 1927, by an Annex to the Geneva Protocol of 15 September 1927, a few years after World War I and the Asia Minor Disaster. In the 80 years of its existence, the Bank has had 16 Governors, of whom three have been elected Honorary Governors, and 27 Deputy Governors.
The Bank began operations on 14 May 1928, under the first Governor Alexandros Diomidis. Its 25th and 50th anniversaries (under Governors Georgios Mantzavinos and Xenophon Zolotas, respectively) were celebrated with pomp and circumstance. The 75th anniversary occurs at a time when the Bank, under Governor Nicholas C. Garganas, is a member of the European System of Central Banks.
The primary objective of the Bank of Greece is to ensure price stability in Greece. It also supervises the private banks and acts as a treasurer and fiscal agent for the Greek government.