Retail Banking
All of our retail banking activities in Greece are conducted by the Bank.
The Bank offers retail customers a number of different types of deposit and
investment products, as well as a wide range of traditional services and products.
Corporate and Investment Banking
Commercial Loans
The Group offers corporate clients a wide range of products and services,
including financial and investment advisory services, deposit accounts, loans
denominated in euro and other currencies, foreign exchange services, insurance
products, custody arrangements and trade finance services.
Shipping Finance
Greece is a maritime nation with a long tradition in ship-owning and is one
of the world's largest ship-owning and ship-flagging nations. Shipping remains
one of the most important sectors of the Greek economy and the Bank is one of
the key participants in Greek shipping finance. The Bank's shipping finance
activities are carried out almost exclusively through its dedicated Piraeus-based
unit.
Global Investment & Asset Management
Treasury
The Bank and each of our banking subsidiaries carry out their own treasury
activities within the prescribed position and counterparty limits. These activities
include:
Greek and other sovereign securities trading;
foreign exchange trading;
interbank lending and borrowing in euro and other currency placements and deposits;
forward rate agreement trading;
repurchase agreements;
corporate bonds; and
derivative products, such as options and interest rate and currency swaps.
The Treasury is active across a broad spectrum of capital market products and
operations, including bonds and securities, interbank placements in the international
money and foreign exchange markets and market-traded and over-the-counter financial
derivatives. It supplies the branch network with value-added deposit products,
and its client base includes institutions, large corporations, insurance funds
and large private-sector investors. In general, the Bank and its subsidiaries
enter into derivatives transactions for economic hedging purposes or in response
to specific customer requirements.