Top 10 Banks in Greece in 2025
Mesan Ali
Whether you are starting a business in Greece, getting your first job, or have savings to secure, opening a bank account can be incredibly beneficial. The banking sector in Greece is robust, with numerous local and international banks firmly established in the industry. Different banks lead the market in various categories, making the selection process diverse and sometimes overwhelming.
To simplify your selection process, we have compiled a list of the top 10 banks in Greece. This guide will provide you with a comprehensive overview of each bank, detailing their services, market share, and unique features.
Overview of Banking in Greece
Greece's banking sector is characterized by a mix of national and international financial institutions that play a crucial role in the country's economic development. The sector offers services ranging from personal accounts and loans to corporate financing, catering to a wide array of customer needs.
In addition to conventional banks, Greece also has Islamic banks, which do not engage in interest-based transactions. To open a bank account in Greece, you typically need to provide documentation such as proof of identity, proof of residence, and tax identification numbers.
While some banks offer free account openings, others may charge monthly or annual maintenance fees. It is essential to review the fees associated with debit cards, checkbooks, and ATM usage, as charges can vary significantly between banks.
For those needing to manage international transactions or hold funds in USD, Elevate Pay is an excellent option to consider.
Top 10 Banks in Greece
The banking sector in the Greece plays a vital role in the nation's economy. The following analysis of the top 10 banks will provide insight into their services and market presence.
Piraeus Bank S.A.
Founded in 1916, Piraeus Bank is one of Greece's oldest and largest financial institutions, with its operational headquarters in Athens. With a market share of 23.71%, it boasts total assets of approximately 76.45 billion EUR as of December 31, 2023. The bank reported a net income of 667 million EUR in 2023 and holds ratings of BB- from Fitch and Ba1 from Moody's, both categorized as speculative. Piraeus Bank offers a wide range of services, including retail, private, business, corporate, and investment banking, as well as leasing and factoring. Its solid foundation and comprehensive service offerings make it a popular choice among consumers.
National Bank of Greece
Established in 1841, the National Bank of Greece has a long-standing history and significant influence in the banking sector. It holds a market share of 23.22% and total assets of approximately 74.58 billion EUR, with a net income of 1.02 billion EUR reported in 2023. Much like Piraeus Bank, it is rated BB- by Fitch and Ba1 by Moody's. The National Bank offers a diverse portfolio of services, including retail and corporate banking, ensuring it meets the needs of various customers. Its extensive branch network across the country further enhances its accessibility.
Alpha Bank S.A.
Founded in 1879 by J.F. Costopoulos, Alpha Bank is another prominent player in the Greek banking landscape, with its headquarters located in Athens. Holding a market share of 20.79% and total assets of about 66.78 billion EUR, Alpha Bank reported a net income of 691 million EUR in 2023. The bank is rated B+ by Fitch and Ba1 by Moody's. Alpha Bank provides a comprehensive range of banking services, including retail and private banking, business banking, corporate financing, and asset management, making it a versatile choice for various customer needs.
Eurobank S.A.
Founded in 1990, Eurobank has quickly become a significant player in the Greek banking sector, holding a market share of 19.40% and total assets of around 62.32 billion EUR as of December 31, 2023. The bank reported a net income of 794 million EUR in 2023 and holds a speculative rating of BB- from Fitch. Eurobank offers a wide array of services, including retail, private, and corporate banking, as well as wealth management tailored for individuals and businesses. Its focus on customer service and innovative banking solutions makes it a favored option among clients.
Optima Bank S.A.
While the specific founding year and market share of Optima Bank remain unspecified, it has total assets amounting to 3.86 billion EUR as of December 31, 2023. Though detailed financial information is limited, the bank operates under the umbrella of Greece's deposit guarantee scheme, which protects accounts up to 100,000 EUR per depositor. Optima Bank's services are not explicitly detailed, but it operates primarily within the retail banking sector.
Attica Bank S.A.
Similar to Optima Bank, Attica Bank lacks specified founding details and market share, yet it has total assets of approximately 3.77 billion EUR as of December 31, 2023. The bank is also covered by Greece's deposit guarantee scheme. While specific services are not detailed, Attica Bank aims to provide a range of banking services to its clientele.
Pancretan Bank S.A.
Pancretan Bank was established to serve the needs of the local community, with total assets of around 3.45 billion EUR as of December 31, 2023. The specific founding details and market share are unspecified; however, the bank is included in the country's deposit guarantee scheme. Its focus is primarily on retail banking and supporting local businesses within its operational framework.
Citibank Greece
Citibank Greece is a part of the global Citigroup, providing international banking services to its customers. Although specific founding details and market share are not available, Citibank Greece has total assets of approximately 1.22 billion EUR as of December 31, 2023. The bank is also protected under the deposit guarantee scheme. Citibank is known for its comprehensive range of banking services, including personal and corporate banking, as well as wealth management options.
Aegean Baltic Bank
Aegean Baltic Bank, another financial entity in Greece, has total assets of 1.08 billion EUR as of December 31, 2023. Like Citibank, the specific founding details and market share are not provided. The bank is protected by the deposit guarantee scheme and offers various banking services tailored primarily to the regional market.
ProCredit Bank (Greece)
ProCredit Bank operates with total assets of approximately 469 million EUR as of December 31, 2022. While specific founding information and market share are not disclosed, it benefits from the deposit guarantee scheme. ProCredit Bank focuses on small and medium-sized enterprises (SMEs) and is recognized for its commitment to sustainable banking practices.
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Conclusion
This guide should serve as a comprehensive review when looking for options to open your bank account in Greece. With a wealth of information on the top banks in the country, you can make an informed decision that aligns with your personal or business needs.
Greece's banking sector is home to several prominent institutions, each offering unique services. By evaluating these ten banks, you should be able to identify the features that best meet your needs and make a choice that serves your financial interests effectively.