National Bank of Greece

National Bank of Greece is one of the four systemically significant banks in Greece, holding a substantial position in the country's retail banking sector. As of December 31, 2017, the bank operated 485 branches, one premium banking branch, and 1,460 ATMs. It provides a broad spectrum of integrated financial services, including corporate and investment banking, retail banking (which covers mortgage lending), leasing and factoring, stock brokerage and asset management, insurance, and real estate and consulting services. The bank also engages in other businesses such as hotel and property management. The Bank, as the principal operating company, represented 91.1% of the total assets (excluding long-lived assets classified as held for sale) and 95.3% of total liabilities (excluding liabilities directly associated with long-lived assets held for sale) as of December 31, 2017. While most banking activities are conducted by the Bank, it is supported by three non-Greek banking subsidiaries: Stopanska Banka A.D. Skopje, National Bank of Greece (Cyprus) Ltd., and NBG Bank (Malta) Ltd. In Greece, National Bank of Greece holds leading positions in several financial products. As of December 31, 2017, the bank had a 27.6% market share of mortgage loans and a 34.3% market share in core deposits (comprising sight deposits and savings accounts, excluding repos and time deposits). It was also fourth in mutual fund management with a market share of 13.3% as of the same date.