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TELLFinancial Services · Central Bank · ΧΑ

Bank of Greece

€15.15
+0.15(+1.00%)
Close 23/09/2026 · end-of-day price, not real-time

Bank of Greece (TELL) closed at €15.15 on 23/09/2026, +1.00% on the day. Market cap €301m, P/E 1.17, dividend yield 4.44%.

My view
Private · MENTOR takes it into account
23/09/2026C 15.15+0.15 +1.00%Vol 3.8k

The company

AI-drafted

The Bank of Greece is Greece's central bank and a member of the Eurosystem: it issues euro banknotes, implements ECB monetary policy, supervises banks and insurers, and is the State's fiscal agent. Its shares, listed since 1930, earn a fixed statutory dividend of 12% of par value (€0.672); remaining profit goes to reserves or the Greek State.

How it makes moneyFY2025 · basis: other
  • Interest, financial operations and monetary income reallocation1(net result, as a share of total net income of €880.8m)77.8%
  • Net fees and commissions118.5%
  • Other income13.1%
  • Equity instruments and participating interests10.6%
It is
  • Greece's central bank and an integral part of the Eurosystem, with a Statute that has the force of law; its shares have traded on the Athens Exchange since 12 June 1930.4,5
  • A share with a fixed statutory dividend of 12% of capital, €0.672 a share for every year since FY2019; for FY2025 shareholders received €13.3m of €257.7m profit and the State €244.4m.1,5,6
It is not
  • Not a commercial bank or a peer of ETE, ALPHA, EUROB or TPEIR: it earns from Eurosystem operations, its investment portfolio and fees for State services, and the institutions it supervises may not own its shares.1,5
  • Not one share, one vote: 75 shares make a vote, and no holder other than the State and persons under Article 2 of Law 2292/1953 may vote more than 2% of capital.3,5
  • Not a claim on profits or reserves beyond the dividend: an additional dividend needs a yearly General Council proposal, and reserves reach shareholders only on dissolution, after par value and split equally with the State.5
Recent developmentsAll company events →
  • Jun 2026Yannis Stournaras was reappointed Governor of the Bank of Greece for a six-year term from 27 June 2026 (Presidential Decree 33/9.6.2026).9
  • Apr 2026Christos Hadjiemmanuil's Monetary Policy Council term was renewed for six years, and re-elected Councillors G. Karanikas, I. Masoutis and I. Retsos were sworn in.10
  • Apr 2026The 93rd AGM approved a dividend of €0.672 per share for FY2025 (€13.3m) and €244.4m for the State.8
  • Jan 2026With Bulgaria joining the euro, the Bank's share of the ECB's paid-up capital fell from 2.25932% to 2.23260%.1
  • Apr 2025The 92nd AGM approved a €0.672 dividend for FY2024 and €69.6m for the State.2,6
  • Jan 2025From 1 January 2025, TARGET balances and banknote allocation claims earn the deposit facility rate instead of the main refinancing operations rate.1
Key figures
  • Profit for the year €257.7m FY20251
  • Dividend per share €0.672 FY20256
  • Profit transferred to the State €244.4m FY20251
  • Total assets €221.5bn FY20251
  • Gold holdings 152.4 t FY20251
Key facts
  • e-EFKA holds 12.44% and the Greek State 8.93% of the share capital; there are about 17,000 shareholders.1,4
  • The State and public enterprises may not together hold more than 35% of capital, and institutions the Bank supervises, their affiliates, directors and relatives may not hold shares at all.5
  • Yannis Stournaras was reappointed Governor by Presidential Decree 33/9.6.2026 for a six-year term from 27 June 2026.9
  • The accounts follow Eurosystem accounting rules, not IFRS: unrealised gains on gold, currencies and securities, €16.0bn at end-2025, are kept out of profit.1
  • The dividend carries 5% withholding tax; the FY2025 net amount was €0.6384 per share, paid on 30 April 2026.7
Sources
  1. 1.Annual Accounts 2025Bank of Greece · 02/03/2026official
  2. 2.Annual Accounts 2024Bank of Greece · 04/03/2025official
  3. 3.Number of shares and voting rights, 93rd AGMBank of Greece · 12/03/2026official
  4. 4.Shareholder UpdateBank of Greece · 15/09/2026official
  5. 5.Statute, Tenth EditionBank of Greece · undefined/undefined/2016official
  6. 6.Dividends per year, 2001 to presentBank of Greece · 05/05/2026official
  7. 7.Dividend for financial year 2025Bank of Greece · 06/04/2026official
  8. 8.Decisions of the 93rd AGM, voting resultsBank of Greece · 06/04/2026official
  9. 9.Bank of Greece General CouncilBank of Greece · 13/07/2026official
  10. 10.Bank of Greece General Council compositionBank of Greece · 20/04/2026official
AI-drafted from the cited sources · 16/09/2026 · v1 · ✓ checked by an independent second modelBank of GreeceWebsite ↗

Valuation

MetricTELLMedian of 5 peers
P/E1.212.2
P/E (forward)—9.6
P/B0.081.6
P/S0.425.3
Dividend yield4.4%3.0%
Payout ratio5.2%32.1%
Operating margin36.2%59.7%
Net margin36.2%44.8%
ROE7.3%12.1%
Revenue growth (quarter, y/y)—9.1%
Net debt-7.6€ bn€158m
Twelve Data · latest quarter 31/12/2020

Same sector: Financial Services

P/EDay
EurobankEUROB12.2-1.7%National Bank of GreeceETE14.1-1.9%Piraeus BankTPEIR11.8-2.0%Alpha BankALPHA12.5-2.8%Bank of CyprusBOCHGR9.3-1.0%
Bank of GreeceTELL1.2+1.0%
Second measure: Revenue growth: EUROB 9.1% · ETE 0.9% · TPEIR 21.2% · ALPHA 57.3% · BOCHGR 7.1% · TELL —
MENTORFree beta
Data: Twelve Data · End-of-day prices · Nothing here is investment advice.