Bank of Greece

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Coordinates: 37°58′43″N 23°44′0″E / 37.97861°N 23.73333°E / 37.97861; 23.73333

Bank of Greece
Τράπεζα της Ελλάδος
Bank of Greece logo.svg
Headquarters Athens
Established 1927
Governor George Provopoulos
Central bank of Greece
Website www.bankofgreece.gr
Preceded by National Bank of Greece (1928)
Succeeded by European Central Bank (2001)1
1 The Bank of Greece still exists but many functions have been taken over by the ECB.

The Bank of Greece (Greek: Τράπεζα της Ελλάδος, short ΤτΕ) is the national central bank of Greece, located in Athens on Panepistimiou Street, with several branches across the country. Founded in 1927. Its operations started officially in 1928.

Introduction[edit]

The entrance to the Bank of Greece in Athens.
The building of Thessaloniki.
Bank of Greece, Rhodes (city).

Bank of Greece, a member of the European System of Central Banks (ESCB), The Bank of Greece is Greece’s national central bank and was established by Law 3424/7 December 1927. The shares of the Bank of Greece are registered and have been listed on the Athens Exchange since 12 June 1930.

It is not state-owned, but an S.A. share company with special privileges, restrictions and duties,.[1] It cannot operate as a commercial bank and the percentage of shares that can be under Greek state ownership cannot exceed 35%.[2] It has a staff of more than 3,000 employees.

The primary objective of the Bank of Greece is to ensure price stability in Greece. It also supervises the private banks and acts as a treasurer and fiscal agent for the Greek government. After law 3867/2010 was passed, the Bank of Greece is also responsible for supervising private insurance companies, merging in the Committee for the Supervision of Insurance Companies established by law 3229/2004.

Its Euro banknotes printer identification code is Y.[3]

Bank of Greece also sells Gold sovereigns.

The entrance of the Bank of Greece features the Greek and the European Union flags.

The current (as of 2008, June) governor is Georgios A. Provopoulos who manages the bank together with the two deputy governors who are currently Eleni Dendrinou-Louri and Ioannis M. Papadakis.

Governors[edit]

The chief officer of the Bank of Greece is the governor (Greek: διοικητής, IPA: [ðiiciˈtis]), a governmental appointee.

  • Alexandros Diomidis: April 21, 1928 - September 29, 1931
  • Emmanouil Tsouderos (1st period): October 31, 1931 - August 8, 1935
  • Emmanouil Tsouderos (2nd period): March 20, 1936 - July 9, 1939
  • Ioannis Drosopoulos: July 9, 1939 - July 28, 1939
  • Kyriakos Varvaresos (1st period - dismissed by the Axis occupation government): August 4, 1939 - May 23, 1941)
  • Kyriakos Varvaresos (2nd period: Nazi occupation - governor in exile): April 22, 1941 - (October 1944)
  • Miltiades Negrepontis (Nazi occupation): April 24, 1941 - July 3, 1941
  • Demetrios Santis (Nazi occupation): July 2, 1941 - January 20, 1943
  • Theodoros Tourkovasilis (Nazi occupation): April 19, 1943 - April 13, 1944
  • Xenophon Zolotas (Co-Governor): October 12, 1944 - January 8, 1945
  • Kyriakos Varvaresos (3rd period): February 2, 1945 - September 19, 1945
  • Georgios Mantzavinos: February 11, 1946 - February 2, 1955
  • Xenophon Zolotas (2nd period): February 5, 1955 - August 5, 1967
  • Demetrios Galanis: August 7, 1967 - May 4, 1973
  • Konstantinos Papayiannis: May 7, 1973 - August 9, 1974
  • Panagotis Papaligouras: August 9, 1974 - October 23, 1974
  • Xenophon Zolotas (3rd period): November 27, 1974 - October 29, 1981
  • Gerasimos Arsenis: November 3, 1981 - February 20, 1984
  • Demetrios Chalikias: February 20, 1984 - February 20, 1992
  • Euthymios Christodoulou: February 20, 1992 - December 1, 1993
  • Ioannis Boutos: December 1, 1993 - October 26, 1994
  • Lucas Papademos: October 26, 1994 - May 31, 2002
  • Nikolaos Garganas: May 31, 2002 - June 20, 2008
  • George Provopoulos: June 20, 2008 – present

Deputy Governors[edit]

The deputy governor (Greek: υποδιοικητής, hypodioikētés) is the Bank's second-in-line officer. Traditionally, the Deputy Governors' main remit is administration, whereas Governors supervise monetary policy at large.

  • Emmanuel Tsouderos: April 21, 1928 - October 31, 1931
  • Emmanuel Kamaras: November 25, 1931 – May 20, 1932
  • Kyriakos Varvaressos: March 1, 1933 – August 4, 1939
  • Georgios Mantzavinos: September 28, 1936 - February 11, 1946
  • Ioannis Arvanitis: August 4, 1939 - April 16, 1941
  • Andreas Papademetriou (Nazi occupation): July 3, 1941 - November 18, 1941
  • Spyridon Hadjikyriakos (Nazi occupation): April 5, 1943 - October 5, 1944
  • Stylianos Gregoriou: March 28, 1945 - February 2, 1955
  • Vasilios Kyriakopoulos: February 5, 1955 - December 24, 1955
  • Demetrios Galanis: December 31, 1955 - August 7, 1967
  • Ioannis Pezmazoglou: February 11, 1960 - August 5, 1967
  • Konstantinos Thanos: January 5, 1968 - September 10, 1969
  • Eustathios Panas: September 11, 1969 - August 9, 1974
  • Nikolaos Kyriazidis: August 9, 1974 - January 5, 1977
  • Nikolaos Charissopoulos: October 21, 1975 - November 6, 1981
  • Evangelos Devletoglou: December 23, 1977 - November 8, 1978
  • Georgios Drakos: November 24, 1978 - October 20, 1981
  • Demetrios Chalikias: November 16, 1981 - February 6, 1984
  • Evangelos Kourakos (1st period): July 10, 1982 - February 11, 1986
  • Panagiotis Korliras: February 20, 1984 - August 30, 1985
  • Eustathios Papageorgiou: September 17, 1985 - September 17, 1989
  • Georgios Provopoulos: October 1, 1990 - November 29, 1993
  • Vasilios Antonioudakis: October 1, 1990 - December 19, 1991
  • Panagiotis Pavopoulos: February 21, 1992 - November 29, 1993
  • Evangelos Kourakos (2nd period): December 1, 1993 - September 4, 1996
  • Lucas Papademos: December 1, 1993 - October 26, 1994
  • Panagiotis Thomopoulos: October 26, 1994 - March 3, 2009
  • Nikolaos Garganas: September 5, 1996 – June 13, 2002
  • Nikolaos Paleocrassas: June 14, 2002 - June 14, 2008
  • Eleni Dendrinou-Louri: June 15, 2008 – present
  • Ioannis M. Papadakis: March 3, 2009 – present

See also[edit]

General:

References[edit]

  1. ^ Bank of Greece articles of association, Edition Θ, 2000 Chapter Χ, «ΕΡΓΑΣΙΑΙ ΤΗΣ ΤΡΑΠΕΖΗΣ ΚΑΙ ΜΕΣΑ ΝΟΜΙΣΜΑΤΙΚΗΣ ΠΟΛΙΤΙΚΗΣ» (Retrieved 31/03/2011)
  2. ^ Bank of Greece articles of association, Edition Θ, 2000, Chapter ΙΙ, Article 8, «ΚΕΦΑΛΑΙΟ ΚΑΙ ΑΠΟΘΕΜΑΤΙΚΑ» (Retrieved 31/03/2011).
  3. ^ "Euro FAQ". The Euro Information Website. Retrieved 15 January 2009. 

External links[edit]