The seat of the Bank of Greece on August 17, 2020

The Bank of Greece ( el, Τράπεζα της Ελλάδος , ΤτΕ) is the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

Greece Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with ...

. Its headquarters is located in

Athens Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates ...

Panepistimiou Street Panepistimiou Street ( el, Οδός Πανεπιστημίου, "University Street", named after the University of Athens, the central building of which is on the upper corner) is a major street in Athens that has run one way for non-transit v ...

, but it also has several branches across the country. It was founded in 1927 and its operations started officially in 1928. The building that currently houses its headquarters was completed ten years later in 1938. The Bank of Greece is listed on the

Athens Exchange The Athens Stock Exchange (ASE or ATHEX; el, Χρηματιστήριο Αθηνών (Χ.Α.), ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five ...

Introduction

The Bank of Greece, a member of the

European System of Central Banks The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability t ...

(ESCB), is the national

of Greece and was established by Law 3424/7 December 1927. The shares of the Bank of Greece are registered and have been listed on the

since June 12, 1930. It is a partially state owned S.A. share company with special privileges, special restrictions, and duties. It cannot operate as a commercial bank and the percentage of shares that can be under Greek state ownership cannot exceed 35% (initially this limit was 10%). It has a staff of more than 1,800

employee Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other ...

s. The primary objective of the Bank of Greece is to ensure

price stability Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation. For example, the European Central Bank (ECB) describes price s ...

in Greece. It also supervises the private banks and acts as a treasurer and fiscal agent for the

Greek government Greece is a parliamentary representative democratic republic, where the President of Greece is the head of state and the Prime Minister of Greece is the head of government within a multi-party system. Legislative power is vested in both the g ...

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

Euro banknotes Banknotes of the euro, the common currency of the Eurozone (euro area members), have been in circulation since the first series (also called ''ES1'') was issued in 2002. They are issued by the national central banks of the Eurosystem or the Eur ...

printer identification code is Y. The Bank of Greece also sells

gold sovereign The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the wor ...

Governor

The chief officer of the Bank of Greece is the Governor ( el, διοικητής, ), a governmental appointee.

List of governors of the Bank of Greece

^a During the Axis occupation of Greece (1941–44), Governor

Kyriakos Varvaresos Kyriacos is a Greek male given name, which means "of the lord" (derived from Greeκύριος(kyrios) "lord"). Examples of people with this name include: *Kyriacos Costa Nicolaou (born 1946), Cypriot-American chemist known for synthesizing Taxol * ...

followed the

Greek government in exile The Greek government-in-exile was formed in 1941, in the aftermath of the Battle of Greece and the subsequent occupation of Greece by Nazi Germany and Fascist Italy. The government-in-exile was based in Cairo, Egypt, and hence it is also referr ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

. The collaborationist governments in Greece fired Varvaresos in 1941 and appointed first

Miltiadis Negrepontis Miltiades or Miltiadis ( el, Μιλτιάδης, short: Miltos) is a Greek masculine given name. The name is derived from the Greek word for "red earth". People with the given name include: * Miltiades the Younger (c. 550–489 BC), tyrant of the ...

as Governing Counsellor (April 24, 1941 – July 3, 1941) and then Dimitrios Santis (July 3, 1941 – January 20, 1943) and finally

Theodoros Tourkovasilis Theodoros or Theodorus ( el, Θεόδωρος) is a masculine given name, from which Theodore is derived. The feminine version is Theodora. It may refer to: Ancient world :''Ordered chronologically'' * Theodorus of Samos, 6th-century BC Greek s ...

(April 19, 1943 – April 13, 1944) as Governors. After the liberation all dismissals and appointments by occupation-era governments concerning members of the administration of the Bank of Greece were declared null and void.

Deputy governors

The deputy governor ( el, υποδιοικητής, translit=ypodioikētés) is the Bank's second-in-line officer. Traditionally the Deputy Governors' main remit is administration, whereas Governors supervise monetary policy at large.Deputy Governors of the Bank of Greece
/ref> Bank of Greece Thessaloniki 4

Emmanouil Tsouderos Emmanouil Tsouderos ( el, Εμμανουήλ Τσουδερός, also transliterated as ''Emmanuel Tsouderos''; 19 July 1882 – 10 February 1956) was a political and financial figure of Greece. During World War II, he was the internationally r ...

: April 21, 1928 – October 31, 1931 * Emmanouil Kamaras: November 25, 1931 – May 30, 1932 *

: March 1, 1933 – August 4, 1939 *

Georgios Mantzavinos Georgios (, , ) is a Greek name derived from the word ''georgos'' (, , "farmer" lit. "earth-worker"). The word ''georgos'' (, ) is a compound of ''ge'' (, , "earth", "soil") and ''ergon'' (, , "task", "undertaking", "work"). It is one of the most ...

(*): September 28, 1936 – February 11, 1946 * Ioannis Arvanitis: August 4, 1939 – April 26, 1941 * Stylianos Gregoriou: March 28, 1945 – February 2, 1955 * Vasileios Kyriakopoulos: February 5, 1955 – December 24, 1955 * Dimitrios Galanis: December 31, 1955 – August 7, 1967 *

Ioannis Pesmazoglou Ioannis Pesmazoglou ( el, Ιωάννης Πεσμαζόγλου; 1857–1906) was a Greek banker, economist and politician. Ioannis Pesmazoglou was from Constantinople (now Istanbul), although his family originate from Enderlik, in Cappadocia. P ...

: February 11, 1960 – August 5, 1967 * Konstantinos Thanos: January 5, 1968 – September 10, 1969 * Efstathios Panas: September 11, 1969 – August 9, 1974 * Nikolaos Kyriazidis: August 9, 1974 – January 5, 1977 * Nikolaos Charisopoulos: October 21, 1975 – November 6, 1981 * Evangelos Devletoglou: December 23, 1977 – November 8, 1978 * Georgios Drakos: November 24, 1978 – October 20, 1981 *

Dimitrios Chalikias Demetrius is the Latinized form of the Ancient Greek male given name ''Dēmḗtrios'' (), meaning “Demetris” - "devoted to goddess Demeter". Alternate forms include Demetrios, Dimitrios, Dimitris, Dmytro, Dimitri, Dimitrie, Dimitar, Dum ...

: November 16, 1981 – February 6, 1984 * Evangelos Kourakos (1st period): July 10, 1982 – February 11, 1986 * Panagiotis Korliras: February 20, 1984 – August 30, 1985 * Efstathios Papageorgiou: September 17, 1985 – September 17, 1989 * George Provopoulos: October 1, 1990 – November 29, 1993 * Vasileios Antonioudakis: October 1, 1990 – December 19, 1991 * Panagiotis Pavlopoulos: February 21, 1992 – November 29, 1993 *Evangelos Kourakos (2nd period): December 1, 1993 – September 4, 1996 *

Lucas Papademos Lucas Demetrios Papademos ( el, Λουκάς Παπαδήμος; born 11 October 1947) is a Greek economist and academic who served as 12th Prime Minister of Greece from November 2011 to May 2012, leading a national unity government in the wake ...

: December 1, 1993 – October 26, 1994 * Panagiotis Thomopoulos: October 26, 1994 – February 26, 2009 *

Nikolaos Garganas Nikolaos ( el, Νικόλαος, ') is a common Greek given name which means "Victor of People", a compound of νίκη '' nikē'' 'victory' and λαός laos' 'people'. The connotation is "people's champion" or "conqueror of people". The English ...

: September 5, 1996 – June 13, 2002 * Nikolaos Palaiokrassas: June 14, 2002 – June 14, 2008 *

Eleni Dendrinou Louri Eleni is a transliteration of the Greek name Ελένη, also written as Helen, Helene: * Eleni (given name), including lists of people with that name * ''Eleni'' (film), 1985 film adaptation of Gage's book, by Peter Yates *, Greek cargo ship in se ...

: June 20, 2008 – June 20, 2014 * Iannis Mourmouras: September, 2014 - * Theodoros Mitrakos: March 2015 - (*): During the Axis occupation of Greece (1941–44), Deputy Governor

followed the Greek government in exile to London. The collaborationist governments in Greece fired Mantzavinos in 1941 and appointed Andreas Papadimitriou (July 3, 1941 – November 18, 1941) and Spyridon Hatzikyriakos (April 5, 1943 – October 5, 1944) as Deputy Governors. After the liberation all dismissals and appointments by occupation-era governments concerning members of the administration of the Bank of Greece were declared null and void.

References

Hellenic Parliament June 2015 Page 22

External links

Bank of Greece official site

Governor report on the balance sheet of 31st December 1928
{{DEFAULTSORT:Bank of Greece Bank of Greece, Banks established in 1927 Companies listed on the Athens Exchange

Government-owned companies of Greece Greek companies established in 1927