On Oct. 15, GRE CB identified 2024 O-SIIs and 2025 buffer rate.
GRE CB issued dec 234/1 of Sep. 23, 2024 on the 2024 identification of the other systemically important institutions (O-SII) and 2025 O-SII buffer rate determination.
On a consolidated basis: National Bank of Greece S.A., Piraeus Financial Holdings SA, Alpha Services and Holdings SA. and Eurobank Ergasias Services and Holdings S.A..
On an individual basis: Alfa Bank S.A., National Bank of Greece S.A., Piraeus Bank S.A. and Eurobank S.A.; the percentage of O-SII safety stock for 2025 remains unchanged.
Buffer Rate Determined
GRE CB set the O-SII buffer rate for 2025 at 1.25% for Eurobank Ergasias Services and Holdings S.A. on a consolidated basis and at 1% for National Bank of Greece S.A.
On an individual and consolidated basis; Piraeus Financial Holdings SA on a consolidated basis and Piraeus Bank S.A. and Eurobank S.A. on an individual basis.
Alpha Services and Participations S.A. on a consolidated basis and Alpha Bank SA. on an individual basis; based on the methodology of the Decision 221/1 of Oct. 17, 2023.
Effectiveness
The decision takes effect on Jan. 1, 2025.
Regulators
GRE CB
Entity Types
Bank; BHC; SIFI
Reference
PR, 10/15/2024; Mt, Dec 234/1, 9/23/2024; Dec 221/1, 10/17/2023
