History of bank resolutions

During the crisis, the Bank of Greece contributed crucially to the restructuring of the banking sector and the successful recapitalisation of banks, without any shock to the financial system. 

The latter remained stable even in periods of heightened uncertainty, and without anyone losing even one euro from their deposits.

From 2011 to date, the Bank of Greece has implemented resolution measures in respect of the credit institutions shown in the table below. 

Each of these resolutions has been conducted in accordance with the institutional framework on the resolution of credit institutions applicable from time to time (i.e. Laws 4021/2011, 3601/2007, 4261/2014, 4335/2015).

Resolution Measures Committee Decisions 

Credit institution Date Bank of Greece decisions

COOPERATIVE BANK OF PELOPONNESE COOP LTD

18/12/2015

RMC28/2/18.12.2015,

RMC32/2/26.5.2016

PANELLINIA BANK S.A.

17/4/2015

RMC21/1-3/17.4.2015,

RMC23/1/26.11.2015

COOPERATIVE BANK OF WESTERN MACEDONIA

8/12/2013

RMC14/7-9/8.12.2013,

RMC17/1/14.07.2014

COOPERATIVE BANK OF DODECANESE

8/12/2013

RMC14/4-6/8.12.2013,

RMC16/2/10.6.2014

COOPERATIVE BANK OF EVIA

8/12/2013

RMC14/1-3/8.12.2013,

RMC 16/1/10.6.2014

PROBANK S.A.

26/7/2013

RMC12/1-2/26.7.2013,

RMC15/1/30.12.2013

FBB-FIRST BUSINESS BANK S.A.

10/5/2013

RMC10/1-2/10.5.2013,

RMC13/1/7.11.2013

TT HELLENIC POSTBANK S.A.

18/1/2013

RMC7/1-3/18.1.2013,

RMC11/1/21.5.2013

AGRICULTURAL BANK OF GREECE S.A.

27/7/2012

RMC4/1-3/27.2.2012,

RMC8/1/24.1.2013,

RMC9/1/28.1.2013

COOPERATIVE BANK OF LAMIA

23/3/2012

RMC1/7-9/23.3.2012,

RMC3/3/22.6.2012,

RMC5/3/19.9.2012

COOPERATIVE BANK OF LESVOS-LIMNOS

23/3/2012

RMC1/4-6/23.3.2012,

RMC3/2/22.6.2012,

RMC5/2/19.9.2012

ACHAIA COOPERATIVE BANK LTD

23/3/2012

RMC1/1-3/23.3.2012,

RMC3/1/22.6.2012,

RMC5/1/19.9.2012

Τ ΒΑΝΚ S.A.*

17/12/2011

CIC 26/1-2/17.12.2011,

RMC2/1/9.4.2012

PROTON BANK S.A*

9/10/2011

CIC 20/1-3/9.10.2011,

RMC2/2-3/9.4.2012

*Before the establishment of the Resolution Measures Committee (RMC) on 29.02.2012, decisions on resolution measures were made by the Credit and Insurance Committee (CIC) of the Bank of Greece.

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