Major industries - tourism, food and tobacco processing, textiles, chemicals, metal products, mining, petroleum
Banks (2010) - 62 banks; 4,183 branches; 65,682 employees; assets – EUR 461,55 billion; loans – EUR 257,72 billion; deposits –EUR 208,78 billion.
Banking regulations – the Department for the Supervision of Credit and Financial Institutions of the Bank of Greece is responsible for the prudential supervision of credit and financial institutions, with a view to ensuring the smooth operation and stability of the Greek financial system. The Greek supervisory framework draws heavily on the relevant Community legislation, which is in turn consistent with the Basel Principles. The Bank of Greece governor’s acts regarding Basel II incorporate the provisions of Directives 2006/48/EC, 2006/49/EC and 2009/111/EC of the European Parliament and of the Council and Commission Directives 2009/27/EC and 2009/83/EC. The minimum capital required to open a bank is EUR 18 million.