Greece

Christos Gortsos

Chapter 6 in Banking in the New Europe, 2002, pp 128-159 from Palgrave Macmillan

Abstract: Abstract The structure of the contemporary Greek banking system was shaped in the 1920s with the foundation of a state-controlled monetary authority, the Bank of Greece (BoG), and two state-controlled specialised banks, one for financing housing investments (the National Mortgage Bank of Greece) and the other for agricultural production (the Agricultural Bank of Greece). These institutions operated, along with a handful of commercial banks, most of which had been established in the second half of the 19th century, within a comprehensive legal framework established by the 1931 Banking Law. During the 1930s several small banks went bankrupt and were closed down, while several others were absorbed as a result of the 1929 international monetary and financial crisis.

Keywords: Mutual Fund; Commercial Bank; Money Laundering; Foreign Bank; Credit Institution (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59999-4_6

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DOI: 10.1057/9780230599994_6

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