The annual financial statements of the Bank of Greece comprise the Balance Sheet, the Profit and Loss Account, the Note on Profit Distribution the Notes to the Financial Statements.
Under Article 54A of the Bank’s Statute, the accounts and financial statements are drawn up in accordance with the accounting rules and techniques applicable to the European System of Central Banks (ESCB), as determined by the European Central Bank. Any matters that are not covered by the ECB’s rules or guidelines or are governed by non-mandatory provisions are to be treated either in accordance with the ECB recommendations or in accordance with the Bank’s Statute, Codified Law 2190/1920 on sociétés anonymes and Law 4308/2014 “Greek Accounting Standards, relevant arrangements, and other provisions”.
It is noted that, under Article 8 par. 1 (a) of Law 3556/2007 “Transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market, and other provisions”, the Bank of Greece is exempted from the requirement to provide periodic information to investors in the form of a bi-annual financial report and quarterly financial statements.