The terms and conditions for the establishment and operation of credit institutions in Greece are laid down in Law 4261/2014 and Directive 2013/36/EU and are further specified in Executive Committee Act 142/11.6.2018 and Banking and Credit Committee Decision 211/1/5.12.2005.
Especially for branches of credit institutions based in countries outside the European Union, the regulatory framework on their establishment and operation is laid down in Executive Committee Act 58/18.1.2016.
"Procedures for (a) the authorisation of credit institutions in Greece; (b) the acquisition of, or increase in, a holding in credit institutions; and (c) the taking up of a post as a member of the board of directors and as a key function holder of credit institutions".
This Act codifies provisions on the authorisation of credit institutions in Greece and the acquisition or increase of a qualifying holding in an existing credit institution. Furthermore, it specifies the data and information required to be submitted by candidate shareholders, members of the board of directors and key function holders of credit institutions in order for the Bank of Greece to carry out a prudential assessment of the suitability of these persons “fit and proper assessment”).
The above procedures are the “common procedures” as defined in Regulation (EU) 468/2014 (ECB/2014/17), on which the final decision lies with the European Central Bank with respect to all credit institutions of Member States participating in the Single Supervisory Mechanism. This Regulation also sets out the details of cooperation with national competent authorities (NCAs). Relevant information is also available on the banking supervision website of the European Central Bank.
Below you can find links to the Annexes to this Act, with forms that are to be filled out according to the instructions provided in Chapters A, B and C of the Act.
- Annex I
- Application form for authorization as a credit institution pdf 1 doc 1
- Annex II
- Questionnaire: Assessment of proposed acquisition of a holding by natural persons pdf 2 doc 2
- Questionnaire: Assessment of proposed acquisition of a holding by legal persons pdf 3 doc 3
- Questionnaire: Fit and proper assessment of members of the board of directors and key function holders pdf 4 doc 4
- Annex III
- Disclosure requirements associated with the amount of acquisition of a holding by a proposed acquirer pdf 5 doc 5
The abovementioned Annexes may also be submitted online. To this end, please save the files in .doc format, use Tab to move to the next question and Shift + Tab to return to a previous question. The Annexes are to be completed and submitted to the Bank of Greece according to the relevant instructions.
Banking and Credit Committee Decision 211/1/5.12.2005
"Supplementation of Bank of Greece Governor’s Act 2526/8.12.2003 with the terms and conditions for the authorisation of Representative Offices in Greece of credit institutions based abroad".
Banking and Credit Committee Decision 211/1/5.12.2005 supplemented Bank of Greece Governor’s Act 2526/8.12.2003 by specifying the terms and conditions for authorising credit institutions based abroad to establish and operate Representative Offices in Greece.
“Establishment and operation of branches of credit institutions based in third countries – Prudential supervision – Withdrawal of authorisation”.
This Act, among other things, codifies the provisions on the terms and conditions for the authorisation of domestic branches of credit institutions based in third countries.
Below you can find a link to the Annex to this Act, which contains the application form to be submitted to the Bank of Greece by the third-country credit institution.
- Application for authorization of a branch of a credit institution based in a third country pdf doc