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Founded in 1841,
National Bank of Greece is the oldest and largest among Greek banks
heading the strongest financial group in Greece. It boasts a dynamic
profile internationally, particularly in Southeastern Europe and the
Eastern Mediterranean. NBG has been listed on the
Athens Stock Exchange since the latter's foundation in 1880. As of
1999, the Bank has been listed on the
New York Stock Exchange and is the first Greek financial group to
successfully float its stock on the NYSE.
The NBG Group provides a full range of
financial products and services that meet the constantly changing needs
of corporate customers and private individuals alike, including
investment banking services, insurance, asset management, brokerage,
leasing and factoring.
The Bank΄s branch and
ATM network, the largest in Greece (more than 570 banking units and over
1350 ATMs), effectively covers the entire geographical area of
Greece. It is developing and expanding alternative distribution channels
for its products, such as Mobile and Internet banking.
One of the Bank's main strengths is the
confidence demonstrated in it by the Greek market. The local clientele
holds over 9 million deposit accounts and more than 1 million lending
accounts with NBG.
During the last five years, NBG Group
has adopted a strategy of gradual withdrawal from the mature markets
(USA, Canada, Germany, etc) focusing on its expansion in the
South-eastern Europe, which presents considerable growth opportunities
and it is an area where the Group commands a competitive advantage, in
terms of cultural and geographical proximity. To this end, the
international activities of the National Bank of Greece constitute an
integral part of its dynamic prospects and profitability, aiming at
playing a key role in the whole Region.
Today, after recent acquisitions in the
Balkans, the Group's network overseas includes 290 units in three
continents, being active in 12 countries (U.K., Sweden, Albania,
Bulgaria, FYROM, Romania, Serbia & Montenegro, Cyprus, Egypt, Turkey,
South Africa, Australia). NBG operates 5 subsidiary banks and 10
subsidiary financial companies, worldwide.
In the South-eastern Europe, in addition
to its branch network comprising 32 units, NBG controls "Stopanska Banka
ad – Skopje", in the Former Yugoslav Republic of Macedonia with a
47-unit network, and "United Bulgarian Bank ad", the second largest bank
in Bulgaria, with 137 branches. In Romania, the network of NBG
subsidiary, Banca Romaneasca SA, comprises 45 units in total.
Pursuing its strategic expansion in the
broader area of SE Europe, and with a focus to diversify its operations
and further consolidate its strong presence in the region, NBG has
recently entered into an agreement to acquire a controlling stake of
Finansbank in Turkey. It is envisaged that the acquisition of Finansbank
will result in the creation of a leading banking group in the dynamic
economies of SE Europe.
Referring to the Group΄s
activities in Western Europe, NBG London Branch has a 100-year presence
in U.K. being one of the oldest international bank branches established
in London. It is a dynamic operation focusing mainly on corporate
banking.
Finally, the Bank’s
commitment and support to arts and culture is manifested by its Cultural
Foundation, which has greatly contributed to the preservation and
promotion of the Greek cultural heritage and by its engagement with the
promotion of sports and the Olympic spirit.
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