# National Bank of Greece S.A.

Summary updated: 2026-10-04T17:54:09.836021Z
Canonical: https://finbar.com/research/companies/national-bank-of-greece-s-a

## Overview

National Bank of Greece S.A. (NBG) is a Greek financial-services group whose core business is commercial banking. Its offerings include retail, corporate and investment banking, alongside transactional banking, leasing, factoring, brokerage, asset management, real-estate management and insurance brokerage. Founded in 1841 and listed on the Athens Exchange since 1880, the Group operates mainly in Greece, with reported banking subsidiaries in North Macedonia and Cyprus and other subsidiaries in several European countries, including Romania, Bulgaria, Luxembourg, the Netherlands and the U.K. [1](https://app.finbar.com/go?id=P82496488)

As a scale indicator, NBG’s 2026 first-half results reported Group Total Income of €1,418 million for the six months ended 30 June 2026; this is the report’s banking income measure, not ordinary sales revenue. [2](https://app.finbar.com/go?id=T16576765) The FY2025 report’s workforce table lists 6,725 employees in Greece; this figure is not a consolidated Group-wide headcount. [3](https://app.finbar.com/go?id=T8086384)
[1](https://app.finbar.com/go?id=P82496488)[2](https://app.finbar.com/go?id=T16576765)[3](https://app.finbar.com/go?id=T8086384)

## Products & services

National Bank of Greece offers home-finance products including ESTIA mortgages for home purchase, construction or renovation, with fixed-rate, energy-efficiency and flexible-repayment options; EXOIKONOMO loans for energy upgrades; SPITI MOU 2 first-home financing; and My First House. Other home-improvement financing includes EIF Green Loan and the subsidized Upgrade my House loan. The Bank also offers Plus Benefits Account, Benefits Salary Account, Platinum Benefits Salary and Benefit Account, as well as Next by NBG savings for customers aged 18–30. [4](https://app.finbar.com/go?id=T8166513)[5](https://app.finbar.com/go?id=P99597325)[6](https://app.finbar.com/go?id=T4138372)

Card and digital services include Flexy Card, Skroutz Plus Mastercard and Business Prepaid Mastercard. Pay in Instalments lets customers move settled debit-card purchases to a credit card, while Reward Online Loan is available digitally. NBG’s digital banking channels include mobile and internet banking for retail and business customers; Sophia, its AI assistant, supports balance and transaction enquiries, app guidance, appointment scheduling, card freeze and unfreeze, and subscription management. Customers can also view recurring payments, and business users can open or manage time deposits and aggregate accounts. [7](https://app.finbar.com/go?id=T16636374)[6](https://app.finbar.com/go?id=T4138372)

For businesses, NBG offers BUSINESS EXPRESS digital loans for eligible legal entities, sole traders and freelancers; POS Financing for NBG Pay merchants; Farmer’s Card bridge liquidity against eligible agricultural subsidies; and contract-farming finance. SME and mid-cap options include InvestEU Sustainability, NBG Loan for Green Investments III, NBG Loan for SMEs & MidCaps & Social Objectives, and TEPIX III co-financing and guarantee programs. The Group also provides leasing through Ethniki Leasing and tailored factoring through Ethniki Factors. [8](https://app.finbar.com/go?id=T262764)[9](https://app.finbar.com/go?id=P11923283)[10](https://app.finbar.com/go?id=P11044988)

Investment and related services include retail digital investment-account opening, mutual-fund and closed-end-fund management, custody, brokerage and investment banking; the Group also conducts insurance brokerage. Disclosed fee categories include retail, corporate and fund-management fees. NBG has attributed fee-income growth to investment-product cross-selling and corporate fees associated with loan origination, but the reviewed disclosures do not quantify revenue or profit by individual product. [6](https://app.finbar.com/go?id=T4138372)[11](https://app.finbar.com/go?id=P145435158)[12](https://app.finbar.com/go?id=T16636375)[13](https://app.finbar.com/go?id=P145434400)[14](https://app.finbar.com/go?id=P144962880)[15](https://app.finbar.com/go?id=T16636397)
[4](https://app.finbar.com/go?id=T8166513)[5](https://app.finbar.com/go?id=P99597325)[6](https://app.finbar.com/go?id=T4138372)[7](https://app.finbar.com/go?id=T16636374)[8](https://app.finbar.com/go?id=T262764)[9](https://app.finbar.com/go?id=P11923283)[10](https://app.finbar.com/go?id=P11044988)[11](https://app.finbar.com/go?id=P145435158)[12](https://app.finbar.com/go?id=T16636375)[13](https://app.finbar.com/go?id=P145434400)[14](https://app.finbar.com/go?id=P144962880)[15](https://app.finbar.com/go?id=T16636397)

## Geographic presence

National Bank of Greece’s principal operating footprint is Greece. At 31 December 2025, the Group reported 303 branches, including tellerless offices, and 2 transaction offices. [16](https://app.finbar.com/go?id=T12795434) Its Greece employee headcount was 6,725: 5,082 in Attica and 1,643 in the rest of Greece. [3](https://app.finbar.com/go?id=T8086384)

The Group also reported 142 employees in Cyprus and 975 in North Macedonia at year-end 2025. [17](https://app.finbar.com/go?id=T13135857)[18](https://app.finbar.com/go?id=T1644457) Its FY2025 entity listings additionally identify Group entities in Bulgaria, Romania, the United Kingdom and the Netherlands; those listings establish entity presence, but do not by themselves indicate the extent of customer-facing operations in each country. [19](https://app.finbar.com/go?id=T9352010)[20](https://app.finbar.com/go?id=T9709320)
[16](https://app.finbar.com/go?id=T12795434)[3](https://app.finbar.com/go?id=T8086384)[17](https://app.finbar.com/go?id=T13135857)[18](https://app.finbar.com/go?id=T1644457)[19](https://app.finbar.com/go?id=T9352010)[20](https://app.finbar.com/go?id=T9709320)[21](https://www.nbg.gr/en/group/investor-relations/reports/annual-financial-report-for-the-group-and-the-bank-31-12-2025)

## Business segments

In the first half of 2026, National Bank of Greece reported six operating segments. By segment total income (€1,416 million), Retail Banking contributed approximately 50%, Corporate & Investment Banking 28%, Global Markets & Asset Management 16%, International Banking Operations 4%, TAU (Troubled Assets Units) 2%, and Other less than 1%. These shares are approximate and calculated from the segment income table. [22](https://app.finbar.com/go?id=T16636393)

Retail Banking serves individuals, professionals and smaller companies with lending, deposits, cards, investment and bancassurance services. Corporate & Investment Banking covers large and medium-sized businesses, shipping finance and investment banking; TAU manages troubled retail and corporate exposures. Global Markets & Asset Management includes treasury, asset management, custody, private equity and brokerage. International Banking Operations provides commercial and retail banking and related services in international markets, while Other includes proprietary real-estate management, warehousing and unallocated Group items. [23](https://app.finbar.com/go?id=P74627253)[24](https://app.finbar.com/go?id=P1620795)[25](https://app.finbar.com/go?id=P58636987)[26](https://app.finbar.com/go?id=P100440711)[27](https://app.finbar.com/go?id=P53275663)[28](https://app.finbar.com/go?id=P42951295)

The segment asset distribution differs from income: Global Markets & Asset Management held about 44% of segment assets, Corporate & Investment Banking 37%, Retail Banking 11%, International Banking Operations 4%, Other 2% and TAU 1% at 30 June 2026. NBG also presents a separate Greece/International geographic view in its results materials; this is a more aggregated presentation than the six operating segments. [29](https://app.finbar.com/go?id=T16636395)[30](https://app.finbar.com/go?id=T16576768)[31](https://app.finbar.com/go?id=T16576769)
[22](https://app.finbar.com/go?id=T16636393)[23](https://app.finbar.com/go?id=P74627253)[24](https://app.finbar.com/go?id=P1620795)[25](https://app.finbar.com/go?id=P58636987)[26](https://app.finbar.com/go?id=P100440711)[27](https://app.finbar.com/go?id=P53275663)[28](https://app.finbar.com/go?id=P42951295)[29](https://app.finbar.com/go?id=T16636395)[30](https://app.finbar.com/go?id=T16576768)[31](https://app.finbar.com/go?id=T16576769)

## Company history

National Bank of Greece (NBG) was founded on 30 March 1841, associated with Georgios Stavros and the financier Jean-Gabriel Eynard; Stavros became its first governor. The bank’s shares have been listed since 1880. In 1928, when the Bank of Greece began operating, it assumed responsibility for issuing banknotes, a role NBG had previously held. [32](https://ha.nbg.gr/el/explore/ha-archives) [33](https://www.nbg.gr/en/group/activities/our-history) [34](https://www.bankofgreece.gr/en/the-bank/history)

NBG merged with the Bank of Athens in 1953 and restored its National Bank of Greece name in 1958. It absorbed National Mortgage Bank in 1998, then expanded into Southeast Europe in the 2000s, including acquiring Finansbank in Turkey. In 2013 it took over specified assets and liabilities of First Business Bank and Probank during Greek banking-sector consolidation. NBG completed the sale of its Finansbank stake in 2016. [35](https://www.nbg.gr/-/jssmedia/Files/Nexus-2024/2024-Articles_of_Association_NBG_En.pdf?hash=65EF7BAA1709ECE58ADEE2C5FD9AC695&rev=219f13f2ff9144d68235d3b0bf35dbf5) [36](https://www.sec.gov/Archives/edgar/data/1096061/000104746905019440/a2160282z20-f.htm) [37](https://www.sec.gov/Archives/edgar/data/1096061/000110465906038847/a06-13010_16k.htm) [38](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=f27dad8b-7f67-4776-b538-064186d02c8a) [39](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=dbd73f24-4ae0-44e0-a373-c4d846cc9733) [40](https://www.qnb.com/sites/qnb/qnbglobal/en/en15june2016news)
[41](https://app.finbar.com/go?id=P13125530)[32](https://ha.nbg.gr/el/explore/ha-archives)[33](https://www.nbg.gr/en/group/activities/our-history)[34](https://www.bankofgreece.gr/en/the-bank/history)[35](https://www.nbg.gr/-/jssmedia/Files/Nexus-2024/2024-Articles_of_Association_NBG_En.pdf?hash=65EF7BAA1709ECE58ADEE2C5FD9AC695&rev=219f13f2ff9144d68235d3b0bf35dbf5)[36](https://www.sec.gov/Archives/edgar/data/1096061/000104746905019440/a2160282z20-f.htm)[37](https://www.sec.gov/Archives/edgar/data/1096061/000110465906038847/a06-13010_16k.htm)[38](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=f27dad8b-7f67-4776-b538-064186d02c8a)[39](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=dbd73f24-4ae0-44e0-a373-c4d846cc9733)[40](https://www.qnb.com/sites/qnb/qnbglobal/en/en15june2016news)

## Sources

1. [National Bank of Greece S.A. — Full financial report (2025 Y), p403](https://app.finbar.com/go?id=P82496488)
2. [National Bank of Greece S.A. — Press release (2026 H 1), p7](https://app.finbar.com/go?id=T16576765)
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21. [www.nbg.gr](https://www.nbg.gr/en/group/investor-relations/reports/annual-financial-report-for-the-group-and-the-bank-31-12-2025)
22. [National Bank of Greece S.A. — Full financial report (2026 H 1), p85](https://app.finbar.com/go?id=T16636393)
23. [National Bank of Greece S.A. — Full financial report (2025 Y), p492](https://app.finbar.com/go?id=P74627253)
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28. [National Bank of Greece S.A. — Full financial report (2025 Y), p493](https://app.finbar.com/go?id=P42951295)
29. [National Bank of Greece S.A. — Full financial report (2026 H 1), p86](https://app.finbar.com/go?id=T16636395)
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31. [National Bank of Greece S.A. — Press release (2026 H 1), p8](https://app.finbar.com/go?id=T16576769)
32. [ha.nbg.gr](https://ha.nbg.gr/el/explore/ha-archives)
33. [www.nbg.gr](https://www.nbg.gr/en/group/activities/our-history)
34. [www.bankofgreece.gr](https://www.bankofgreece.gr/en/the-bank/history)
35. [www.nbg.gr](https://www.nbg.gr/-/jssmedia/Files/Nexus-2024/2024-Articles_of_Association_NBG_En.pdf?hash=65EF7BAA1709ECE58ADEE2C5FD9AC695&rev=219f13f2ff9144d68235d3b0bf35dbf5)
36. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1096061/000104746905019440/a2160282z20-f.htm)
37. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1096061/000110465906038847/a06-13010_16k.htm)
38. [www.bankofgreece.gr](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=f27dad8b-7f67-4776-b538-064186d02c8a)
39. [www.bankofgreece.gr](https://www.bankofgreece.gr/en/news-and-media/press-office/news-list/news?announcement=dbd73f24-4ae0-44e0-a373-c4d846cc9733)
40. [www.qnb.com](https://www.qnb.com/sites/qnb/qnbglobal/en/en15june2016news)
41. [National Bank of Greece S.A. — Full financial report (2026 Q 1), p8](https://app.finbar.com/go?id=P13125530)

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