National Bank of Greece, S.A.

National Bank of Greece, S.A. is a Athens‑headquartered universal bank founded in 1841 and one of Greece’s four systemic institutions, supervised under the European Central Bank’s Single Supervisory Mechanism and regulated by the Bank of Greece. Its shares trade on the Athens Exchange under ticker ETE. Following crisis‑era divestments, the group is primarily focused on the domestic market with a nationwide branch and ATM network, supplemented by digital channels branded as i-bank and a mobile app for retail and small business users; remote onboarding is available to eligible residents, while non‑resident and complex cases typically require in‑branch verification. The bank offers current and savings accounts, time deposits, debit and credit cards, consumer loans, residential mortgages, SME and corporate lending, trade finance, cash management, treasury services, and bancassurance via distribution agreements; capital markets and investment products are provided through group entities such as NBG Securities and NBG Asset Management. Payments coverage includes SEPA credit transfers, standing orders, instant payments where available, and card acceptance on major schemes, with support for contactless and selected mobile wallets. Standard fees apply for account maintenance, cards, domestic and cross‑border transfers, and out‑of‑network ATM usage; tariff schedules and deposit/lending rates are published by the bank and change with market conditions and customer profile. Post‑crisis balance sheet cleanup has reduced non‑performing exposures to low single‑digit levels and capital ratios remain comfortably above regulatory minima, while profitability has benefited from higher rates and lower risk costs; credit ratings have been upgraded in recent years but remain subject to sovereign and sector dynamics. The bank issues MREL‑eligible debt and covered instruments as part of its funding and resolution requirements. Deposits are protected up to €100,000 per depositor per bank under Greece’s Hellenic Deposit and Investment Guarantee Fund. Key risks include interest‑rate sensitivity, asset‑quality evolution in a concentrated domestic economy, regulatory changes, and operational resilience in digital channels.