Announcement to the shareholders of the Bank of Greece
17/12/2001 - Press Releases
With reference to a recent press report, the Bank of Greece informs its
shareholders that Greece’s entry into Economic and Monetary Union and the full
participation of the Bank of Greece in the European System of Central Banks as from 1
January 2001 do not entail any need to modify the Bank’s ownership status. The Bank of
Greece, along with the other national central banks, is allocated income generated by the
performance of the monetary policy function in the euro area, in accordance with its share
in the capital of the European Central Bank. In addition, it still earns income from
operations unrelated to the implementation of the single monetary policy.