Bank of Greece

The Bank of Greece (Greek: Τράπεζα της Ελλάδος, short ΤτΕ) is the national central bank of Greece, located in Athens on Panepistimiou Street, with several branches across the country. Founded in 1927. Its operations started officially in 1928.

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Introduction

The entrance to the Bank of Greece in Athens.

The building of Thessaloniki.

Bank of Greece, Rhodes (city).

Bank of Greece, a member of the European System of Central Banks (ESCB), The Bank of Greece is Greece’s national central bank and was established by Law 3424/7 December 1927. The shares of the Bank of Greece are registered and have been listed on the Athens Exchange since 12 June 1930.

It is not state-owned, but an S.A. share company with special privileges, restrictions and duties,.^[1] It cannot operate as a commercial bank and the percentage of shares that can be under Greek state ownership cannot exceed 35%.^[2] It has a staff of more than 3,000 employees.

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. After law 3867/2010 was passed, the Bank of Greece is also responsible for supervising private insurance companies, merging in the Committee for the Supervision of Insurance Companies established by law 3229/2004.

Its Euro banknotes printer identification code is Y.^[3]

Bank of Greece also sells Gold sovereigns.

The entrance of the Bank of Greece features the Greek and the European Union flags.

The current (as of 2008, June) governor is Georgios A. Provopoulos who manages the bank together with the two deputy governors who are currently Eleni Dendrinou-Louri and Ioannis M. Papadakis.

Governors

The chief officer of the Bank of Greece is the governor (Greek: διοικητής, IPA: [ðiiciˈtis]), a governmental appointee.

Alexandros Diomidis: April 21, 1928 - September 29, 1931
Emmanouil Tsouderos (1st period): October 31, 1931 - August 8, 1935
Emmanouil Tsouderos (2nd period): March 20, 1936 - July 9, 1939
Ioannis Drosopoulos: July 9, 1939 - July 28, 1939
Kyriakos Varvaresos (1st period - dismissed by the Axis occupation government): August 4, 1939 - May 23, 1941)
Kyriakos Varvaresos (2nd period: Nazi occupation - governor in exile): April 22, 1941 - (October 1944)
Miltiades Negrepontis (Nazi occupation): April 24, 1941 - July 3, 1941
Demetrios Santis (Nazi occupation): July 2, 1941 - January 20, 1943
Theodoros Tourkovasilis (Nazi occupation): April 19, 1943 - April 13, 1944
Xenophon Zolotas (Co-Governor): October 12, 1944 - January 8, 1945
Kyriakos Varvaresos (3rd period): February 2, 1945 - September 19, 1945
Georgios Mantzavinos: February 11, 1946 - February 2, 1955
Xenophon Zolotas (2nd period): February 5, 1955 - August 5, 1967
Demetrios Galanis: August 7, 1967 - May 4, 1973
Konstantinos Papayiannis: May 7, 1973 - August 9, 1974
Panagotis Papaligouras: August 9, 1974 - October 23, 1974
Xenophon Zolotas (3rd period): November 27, 1974 - October 29, 1981
Gerasimos Arsenis: November 3, 1981 - February 20, 1984
Demetrios Chalikias: February 20, 1984 - February 20, 1992
Euthymios Christodoulou: February 20, 1992 - December 1, 1993
Ioannis Boutos: December 1, 1993 - October 26, 1994
Lucas Papademos: October 26, 1994 - May 31, 2002
Nikolaos Garganas: May 31, 2002 - June 20, 2008
George Provopoulos: June 20, 2008 – present

Deputy Governors

The deputy governor (Greek: υποδιοικητής, hypodioikētés) is the Bank's second-in-line officer. Traditionally, the Deputy Governors' main remit is administration, whereas Governors supervise monetary policy at large.

Emmanuel Tsouderos: April 21, 1928 - October 31, 1931
Emmanuel Kamaras: November 25, 1931 – May 20, 1932
Kyriakos Varvaressos: March 1, 1933 – August 4, 1939
Georgios Mantzavinos: September 28, 1936 - February 11, 1946
Ioannis Arvanitis: August 4, 1939 - April 16, 1941
Andreas Papademetriou (Nazi occupation): July 3, 1941 - November 18, 1941
Spyridon Hadjikyriakos (Nazi occupation): April 5, 1943 - October 5, 1944
Stylianos Gregoriou: March 28, 1945 - February 2, 1955
Vasilios Kyriakopoulos: February 5, 1955 - December 24, 1955
Demetrios Galanis: December 31, 1955 - August 7, 1967
Ioannis Pezmazoglou: February 11, 1960 - August 5, 1967
Konstantinos Thanos: January 5, 1968 - September 10, 1969
Eustathios Panas: September 11, 1969 - August 9, 1974
Nikolaos Kyriazidis: August 9, 1974 - January 5, 1977
Nikolaos Charissopoulos: October 21, 1975 - November 6, 1981
Evangelos Devletoglou: December 23, 1977 - November 8, 1978
Georgios Drakos: November 24, 1978 - October 20, 1981
Demetrios Chalikias: November 16, 1981 - February 6, 1984
Evangelos Kourakos (1st period): July 10, 1982 - February 11, 1986
Panagiotis Korliras: February 20, 1984 - August 30, 1985
Eustathios Papageorgiou: September 17, 1985 - September 17, 1989
Georgios Provopoulos: October 1, 1990 - November 29, 1993
Vasilios Antonioudakis: October 1, 1990 - December 19, 1991
Panagiotis Pavopoulos: February 21, 1992 - November 29, 1993
Evangelos Kourakos (2nd period): December 1, 1993 - September 4, 1996
Lucas Papademos: December 1, 1993 - October 26, 1994
Panagiotis Thomopoulos: October 26, 1994 - March 3, 2009
Nikolaos Garganas: September 5, 1996 – June 13, 2002
Nikolaos Paleocrassas: June 14, 2002 - June 14, 2008
Eleni Dendrinou-Louri: June 15, 2008 – present
Ioannis M. Papadakis: March 3, 2009 – present

References

↑ Bank of Greece articles of association, Edition Θ, 2000 Chapter Χ, «ΕΡΓΑΣΙΑΙ ΤΗΣ ΤΡΑΠΕΖΗΣ ΚΑΙ ΜΕΣΑ ΝΟΜΙΣΜΑΤΙΚΗΣ ΠΟΛΙΤΙΚΗΣ» (Retrieved 31/03/2011)
↑ Bank of Greece articles of association, Edition Θ, 2000, Chapter ΙΙ, Article 8, «ΚΕΦΑΛΑΙΟ ΚΑΙ ΑΠΟΘΕΜΑΤΙΚΑ» (Retrieved 31/03/2011).
↑ "Euro FAQ". The Euro Information Website. Retrieved 15 January 2009.

External links

(Greek) (English) Bank of Greece official site

Central banks

Global

Global	Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

By continent

Africa	Bank of Central African States Central Bank of West African States Bank of Algeria Central Bank of Angola Bank of Botswana Bank of the Republic of Burundi Bank of Cape Verde Central Bank of the Comoros Central Bank of the Congo Central Bank of Djibouti Central Bank of Egypt Bank of Eritrea National Bank of Ethiopia Central Bank of The Gambia Bank of Ghana Central Bank of the Republic of Guinea Central Bank of Kenya Central Bank of Lesotho Central Bank of Liberia Central Bank of Libya Reserve Bank of Malawi Bank of Mauritius Bank Al-Maghrib Bank of Namibia Central Bank of Nigeria Bank of Somaliland South African Reserve Bank Bank of South Sudan Bank of Sudan Central Bank of Swaziland Bank of Tanzania Central Bank of Tunisia Bank of Uganda Bank of Zambia Reserve Bank of Zimbabwe

Americas	Central Bank of Argentina Central Bank of Aruba Central Bank of The Bahamas Central Bank of Barbados Bermuda Monetary Authority Central Bank of Brazil Bank of Canada Central Bank of Chile Bank of the Republic (Colombia) Central Bank of Cuba Central Bank of Curaçao and Sint Maarten Eastern Caribbean Central Bank Cayman Islands Monetary Authority Central Bank of Ecuador Bank of the Republic of Haiti Central Bank of Honduras Bank of Jamaica Bank of Mexico Central Bank of Nicaragua Central Reserve Bank of Peru Central Bank of Suriname Central Bank of Trinidad and Tobago Federal Reserve System (United States) Central Bank of Venezuela

Asia	Da Afghanistan Bank Central Bank of Bahrain Bangladesh Bank Royal Monetary Authority of Bhutan Brunei Currency and Monetary Board National Bank of Cambodia People's Bank of China Hong Kong Monetary Authority Reserve Bank of India Bank Indonesia Central Bank of the Islamic Republic of Iran Central Bank of Iraq Bank of Israel Bank of Japan Central Bank of Jordan National Bank of Kazakhstan National Bank of the Kyrgyz Republic Bank of Korea Central Bank of the Democratic People's Republic of Korea Central Bank of Kuwait Banque du Liban Monetary Authority of Macao Bank Negara Malaysia Maldives Monetary Authority Bank of Mongolia Central Bank of Myanmar Nepal Rastra Bank Central Bank of Oman State Bank of Pakistan Palestine Monetary Authority Bangko Sentral ng Pilipinas Qatar Central Bank Saudi Arabian Monetary Agency Monetary Authority of Singapore Central Bank of Sri Lanka Central Bank of Syria Central Bank of the Republic of China (Taiwan) Bank of Thailand Central Bank of Turkmenistan Central Bank of the United Arab Emirates Central Bank of Uzbekistan State Bank of Vietnam Central Bank of Yemen

Europe	European Central Bank (Eurosystem) National Bank of the Republic of Abkhazia Bank of Albania Central Bank of Armenia Central Bank of Azerbaijan National Bank of the Republic of Belarus Central Bank of Bosnia and Herzegovina Bulgarian National Bank Croatian National Bank Czech National Bank Danmarks Nationalbank Bank of England National Bank of Georgia Hungarian National Bank Central Bank of Iceland Central Bank of Ireland Central Bank of Kosovo National Bank of Latvia Bank of Lithuania National Bank of the Republic of Macedonia National Bank of Moldova Central Bank of Montenegro Norges Bank Central Bank of the Turkish Republic of Northern Cyprus National Bank of Poland National Bank of Romania Central Bank of Russia National Bank of Serbia Sveriges Riksbank Swiss National Bank Central Bank of the Republic of Turkey National Bank of Ukraine

Oceania	Reserve Bank of Australia Reserve Bank of Fiji Reserve Bank of New Zealand Bank of Papua New Guinea Central Bank of Samoa Central Bank of Solomon Islands National Reserve Bank of Tonga

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International Monetary Fund World Bank Group International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

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Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

v t e Central banks of the European Union

Within Eurozone	National Bank of Austria National Bank of Belgium Central Bank of Cyprus Bank of Estonia Bank of Finland Banque de France Deutsche Bundesbank Bank of Greece Central Bank of Ireland Banca d'Italia National Bank of Latvia Central Bank of Luxembourg Central Bank of Malta De Nederlandsche Bank Banco de Portugal National Bank of Slovakia Bank of Slovenia Bank of Spain

Outside Eurozone	Bulgarian National Bank Croatian National Bank Czech National Bank Danmarks Nationalbank Hungarian National Bank Bank of Lithuania National Bank of Poland National Bank of Romania Sveriges Riksbank Bank of England

Banking-related EU institutions	European Central Bank European System of Central Banks European Investment Bank

Central banks European Union

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