| | Granting of authorisation to, and supervision of, credit institutions (Site not responding. Last check: 2007-11-06) |
 | | The Bank of Greece is the competent authority for granting authorisation for the establishment and operation of credit institutions, as well as for their supervision. |
 | | Prior to the granting of authorisation, the initial capital, amounting to at least 18,000,000 euro (or 6.133,5 million drachmas) must be deposited with the Bank of Greece in the case of credit institutions with a societe anonyme status (Bank of Greece Governor's Act 2471/10 April 2001). |
 | | The merger of credit institutions is effected either by absorption (acquisitions are considered to be a case of absorption) or by the establishment of a new company in compliance with the definitions of Article 68 of Codified Law 2190/1920. |
| www.bankofgreece.gr /en/bank/epoptia_gb.htm (3523 words) |