Hellenic Bank Association (HBA)


The Hellenic Bank Association (HBA) is the representative of the vast majority of all Greek and foreign credit institutions that operate in Greece. It was established in 1928 and is a non-profit legal entity. It expresses the views of its member banks, provides advisory input to the regulatory process, participates in the decision-making procedures of international, European and national law-preparing and technical committees, and cooperates with other countries' organizations and associations of the financial sector in the context of bilateral or multilateral agreements. The HBA focuses on the collective modernization of its member banks and the overall development of the financial sector.

 I would like to thank all the members of the Hellenic Bank Association (HBA) for the honor and trust they have placed in me with my election in the HBA’s Presidency. With the bar being set very high by the former President Mr. N. Karamouzis, I assume my new duties with full knowledge and awareness of the challenges that the Greek banking sector faces. I assure you that I will make, in cooperation with all members, every possible effort in order to respond to the needs both of the HBA and its Presidency.

The undertaking of my duties in the Association, coincides with a historical moment, both for the banking sector and for the Greek economy. After a prolonged economic crisis, the country has entered a growth path. The banking sector is expected to finance this growth, and it is already performing its mission, by having restored liquidity, by having won the trust for the return of deposits and by having restored its profitability.

Nevertheless, the banking sector still faces big challenges, the most important being the further drastic reduction of non-performing loans, as a result of the prolonged crisis of the Greek economy for the last 10 years.

Across all these fronts, as to many others, the HBA has contributed and will continue to contribute decisively. Common request and aim of the HBA is the sustainable growth of the country. The HBA will undertake and support any initiative towards this aim.

The HBA has already completed 90 years of operation and active presence inside and outside of Greece. Its history demonstrates its ability to always adapt its priorities to the needs of the Greek society, of her member banks and of the economy. A solid commitment of all the members of the Board of Directors, as well as mine, is that the HBA leads once more, in the monitoring of the developments inside and outside of Greece, as well as in the undertaking of initiatives.  

We thank all our members for their timeless trust in the HBA. We will continue, with the same undiminished interest, to be ahead of the most recent developments and we will remain a pillar of information and collective action.

George Handjinicolaou 
Chairman of the Board of Directors, HBA

The Hellenic Bank Association welcomes you to its website.

We are following the evolution of the banking sector in Greek, European and International level. We hope to derive useful information from your visit to our website.  

Charoula Apalagaki  
Secretary General, HBA


Currently, the HBA comprises 18 members, of which 10 are regular and 8 are associate members, with:

  • a workforce of more than 38,000 people, directly employed;
  • 1.873 branches and 5.625 ATMs;
  • presence in 12 foreign banking markets, either directly or through majority holdings in overseas banks with 789 branches and 12.000 directly employed personnel.
The Hellenic Bank Association is not a bank, does not perform any direct or indirect business activities, and does not keep any funds on behalf of its members or the public. It is not a bank supervisor; it does not impose regulatory compliance rules; it is not an employers' organization and it does not sign collective labour agreements.

As of September 1st 2019, the restrictions on cash withdrawals and capital transfers have been repealed by virtue of Article 86 of Law 4624/2019 (Government Gazette Issue A’ 137). All relevant Ministerial Decisions and Decisions of the Committee for the approval of banking transactions that were adopted during the period that the restrictions on cash withdrawals and capital transfers were in force have been repealed by the abovementioned Article of Law 4624/2019 as well.

Law 4624/2019 is available only in Greek.

Government Gazette Issue A’ 137/29.8.2019


The following section sets out, exclusively for historical purposes, the legislative framework pertaining to the restrictions on cash withdrawals and capital transfers that was in force from 18 July 2015 until 31 August 2019.