Institutional Framework on Financial Institutions

The Bank of Greece, pursuant to Article 55A of its Statute, supervises certain financial institutions, including:

a)   leasing companies,
b)   factoring companies,
c)   credit companies,
d)   bureaux de change, 
e)    payment institutions and
f)   Hellenic Fund for Entrepreneurship and Development (Ε.Τ.Ε.ΑΝ. SA)

Moreover, with Bank of Greece Governor’s Act 2622/21 December 2009 that codified the relevant previous Acts, criteria and uniform requirements for the licensing and supervision of the leasing companies, the factoring companies and the credit companies established and operating in Greece were set, on the basis of the new supervisory framework (Basel II). The criteria for the exemption of the institutions said from the supervision on a solo basis are also stipulated.

The aforementioned entities submit to the Bank of Greece supervisory data and information by virtue of Bank of Greece Governor’s Act 2640/18.1.2011.

Information on the particular institutional framework governing the establishment and operation of institutions in each one of the above categories can be obtained by clicking on the left-hand menu.