Overview
The Bank of Greece is Greece's central bank and, under Article 55A of its Statute, the prudential supervisor of credit institutions, certain financial institutions, insurance and reinsurance undertakings, insurance distributors, occupational pension funds and institutions in liquidation. It is also the national resolution authority and Greece's macroprudential authority, and it supervises payment institutions and electronic money institutions. In 2025 it carried out 33 on-site inspections, issued 34 Executive Committee acts and 209 Credit and Insurance Committee decisions, and fined one credit institution €1,891,050 for thirteen breaches of the anti-money-laundering framework. The IMF completed a Financial Sector Assessment Program for Greece during the year and commended the standard of supervision the Bank exercises. Everything below is the Bank of Greece's own data, from its Annual Financial Report for 2025 and its Annual Report on Prudential Supervision and Resolution Activities 2025.
Bank of Greece is an integrated central bank. The staff figure covers the whole institution, including monetary policy, currency and reserve management functions alongside supervision, and is not directly comparable with standalone supervisory authorities.
Leadership
1Yannis StournarasGovernorsince 2014
Full board
Organisation (FY2025)
Staff2,017Headcount at 31 December 2025; whole-institution basis — monetary policy, statistics and cash functions alongside supervision. 2,010 at end-2024
Total expenses before provisions€453.8mFY2025, whole institution. Up 12.3% on FY2024 (€404.1m), driven mainly by staff and pension costs. Not the cost of supervision
Expenses — compositionStaff & pension €358.2m · other mgmt exp. €81.1m · depreciation €14.5mStaff & pension costs rose €35.6m, reflecting collective agreements, promotions, full absorption of contract staff, a one-off from administrative reorganisation, and overtime. DB-scheme costs €115.3m (2024: €104.5m)
Net income€880.8mFY2025, up €444.8m on 2024
Profit for the year€257.7mvs €82.9m in 2024. €13.3m proposed as dividend, €244.4m to the Greek State
Total assets€221.5bnAt 31 December 2025, up €2.2bn
Supervised entities (end-2024, FY2025 edition pending)
Entities licensed under covered frameworks153At 31 December 2024. Derived by summing the AR 2024 category tables: 4 significant + 8 less significant credit institutions · 2 third-country + 19 EU branches · 14 payment institutions · 5 e-money institutions · 1 AISP · 10 bureaux de change · 3 microfinance institutions · 8 leasing + 7 factoring companies · 18 credit servicing firms · 20 residential credit intermediaries · 34 insurance undertakings. Reconciles exactly
Known moves for FY2025Occupational pension funds now supervised (from 1 Jan 2025); credit servicing firms fell 23→18 during 2024 after re-authorisation
Not includedInsurance intermediariesSupervised but not counted in the extracted sections; 153 is a floor, not a ceiling
Supervisory activity 2025
On-site inspections3329 prudential (23 covering credit risk, corporate governance, risk-data quality, market and interest-rate risk; 6 on information systems risk) + 4 on AML/CFT at credit institutions and payment institutions
Regulatory output34 Executive Committee acts · 209 Credit and Insurance Committee decisionsThe 209 decisions cover SREP capital requirements, licence grants and withdrawals, qualifying holding assessments and sanctions
Resolution decisions19Taken by the Resolution Measures Committee
Enforcement 2025
AML fine€1,891,050A single fine on one credit institution for 13 breaches of the AML/CFT framework, alongside mandatory corrective action; calendar year
Consumer protection 2025
Banking complaintsUp 33.7% on 202459% credit institutions · 35% credit servicing firms. Leading causes: dissatisfaction with arrears restructuring (16%) · electronic systems and service provision (14%) · fees and charges (13%)
Insurance complaints797Up 37% on 2024. 748 against undertakings + 49 against intermediaries. 37% health premium increases and claims; 32% motor claims. Plus 444 written enquiries handled
Insurance distribution certification5,838 candidatesEleven examination sittings in Athens, Thessaloniki, Heraklion and Ioannina. 21 new training seminars assessed and 27 existing ones reviewed
Crypto / MiCA and DORA
FY2025MiCA — shared competenceUnder Law 5193/2025 the Hellenic Capital Market Commission is the competent authority for CASPs; the Bank of Greece holds the crypto-related competences attaching to credit institutions and to asset-referenced and e-money tokens, and issued the corresponding secondary legislation during 2025.
DORA — LSI competent authorityGranted supervisory and investigative powers including on-site inspections, with sanctioning powers up to 10% of total net annual turnover for entities or €5m for natural persons. Built a mechanism for collecting and forwarding major ICT incident reports and third-party provider registers, and sits on the new EU Oversight Forum.
Notable 2025
IMF FSAP commendationThe IMF's Financial Sector Assessment Program for Greece completed in 2025 commended the high standard of supervision — reviewing both LSI supervision and crisis-management / resolution practices.
Occupational pension fundsSupervisory mandate expanded to occupational pension funds from 1 January 2025; the Bank held meetings with every fund's management during the year to set out its supervisory strategy.
New governance frameworkBank of Greece Act 243/2/07.07.2025 replaced the 2006 Governor's Act with a corporate governance and internal control framework aligned to the EBA's internal governance guidelines — applying to credit institutions, Greek branches of non-EEA banks, e-money institutions, microfinance providers, leasing, factoring and credit providers.
LSI mergerOperational merger of the two largest less significant institutions completed during the year, reshaping the Greek banking map.
Deposit guarantee repaymentCredit institutions in special liquidation repaid a further €100m to the deposit guarantee and financial stability funds following a new interim distribution approved by the Bank.
Key legislation
5Statute of the Bank of Greece (Law 3424/1927, as amended)Central-bank statute
Article 55A of the StatutePrudential supervision mandate
Law 4514/2018 (MiFID II transposition)Investment services
Law 5193/2025MiCA implementation — HCMC as CASP competent authority; BoG for credit institutions and ART/EMT
Bank of Greece Act 243/2/07.07.2025Corporate governance and internal control framework aligned to the EBA guidelines
Registers, portals and publications