Jake Miller
HSBC has had a presence in Greece since 1981, when it operated as HSBC Continental Europe (formerly HSBC France). In 2021, HSBC Continental Europe, Greece was ranked the 6th largest bank in Greece in terms of total assets, with 0.63% of the domestic market share. The bank offered a range of services to retail, corporate and institutional clients, including current and savings accounts, term deposits, debit and credit cards, and various insurance products. HSBC Continental Europe’s branch operations in Greece were sold to Pancreta Bank SA on 28 July 2023.
| Characteristics | Values |
|---|---|
| HSBC presence in Greece | Yes, as HSBC Continental Europe (formerly HSBC France) |
| Date of establishment | 1981 |
| Date HSBC Continental Europe’s branch operations in Greece were sold | 28 July 2023 |
| Buyer | Pancreta Bank SA |
| Number of branches in Greece | 15 |
| Number of ATMs in Greece | 19 |
| Rank in Greece by total assets in 2021 | 6th largest |
| Total assets in 2021 | 2,064.89 million EUR |
| Market share in 2021 | 0.63% |
| Net income in 2021 | -17.38 million EUR |
| Deposit protection | Up to 100,000 EUR per depositor through France's deposit guarantee scheme |
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What You'll Learn
- HSBC Continental Europe's branch operations in Greece were sold to Pancreta Bank SA in July 2023
- HSBC Greece offers a range of banking services to retail, corporate and institutional clients
- HSBC Greece ranked as the 6th largest bank in Greece by total assets in 2021
- HSBC Greece has 15 consumer and commercial branches and 19 ATMs across the country
- HSBC Greece's Athens branch is located on Voukourestiou Street in the city centre
HSBC Continental Europe's branch operations in Greece were sold to Pancreta Bank SA in July 2023
HSBC Continental Europe's branch operations in Greece were sold to Pancreta Bank SA on 28 July 2023. Pancreta Bank SA is a cooperative bank that offers a range of financial products and services to customers in Greece, including loans, savings accounts, financing, fixed deposits, and online banking.
Prior to the sale, HSBC had a notable presence in Greece, particularly in Athens, with multiple branches and ATM locations. HSBC's Greece operations were known as HSBC Greece, and they served both personal and business customers.
The sale of HSBC Continental Europe's branch operations in Greece to Pancreta Bank SA marked a shift in the banking landscape in the country. Pancreta Bank SA, as the new owner of HSBC's branch network in Greece, inherited a number of physical branches and ATM locations.
Following the acquisition, Pancreta Bank SA has continued to serve customers in Greece, offering a range of banking services. The bank has also emphasized digital transformation, promoting a "new generation of digital services" to facilitate secure and convenient banking transactions for its customers.
The sale of HSBC Continental Europe's branch operations in Greece to Pancreta Bank SA was a significant development for both companies, allowing Pancreta Bank SA to expand its presence in the country while HSBC streamlined its European operations. The transaction demonstrates the dynamic nature of the banking industry and the ongoing evolution of financial services in Greece and beyond.
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HSBC Greece offers a range of banking services to retail, corporate and institutional clients
HSBC has had a presence in Greece since 1981, operating as HSBC Continental Europe (formerly HSBC France). On 28 July 2023, HSBC sold its Greek branch operations to Pancreta Bank SA. Prior to the sale, HSBC Greece offered a range of banking services to retail, corporate, and institutional clients.
HSBC Greece served the needs of domestic customers, providing banking and investment services to individuals, as well as corporate and institutional clients. The bank offered a variety of products and services, including current and savings accounts, term deposits, debit and credit cards, internet cards, consumer loans, and mortgages. They also provided internet and mobile banking, investment planning, and various insurance services, such as travel insurance, mortgage loan insurance, card insurance, and car insurance.
Through divisions like HSBC Commercial Banking and HSBC Global Banking and Markets, HSBC supported corporate expansion in Greece. As of 31 August 2015, HSBC Greece had total assets of EUR 3.510 billion. The bank operated 15 consumer and commercial branches and 19 ATMs across the country, primarily in Athens.
In 2021, HSBC Continental Europe, Greece was ranked as the 6th largest bank in Greece in terms of total assets, with 0.63% of the domestic market share. Deposits of up to 100,000 EUR were protected by France's deposit guarantee scheme, which applied to all deposit accounts held by natural persons and legal entities.
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HSBC Greece ranked as the 6th largest bank in Greece by total assets in 2021
HSBC has had a presence in Greece since 1981, operating as HSBC Continental Europe (formerly HSBC France). HSBC Greece served the needs of domestic customers, offering banking and investment services to individuals, as well as corporate and institutional clients. The bank also supported corporate expansion in Greece through divisions like HSBC Commercial Banking and HSBC Global Banking and Markets.
In 2021, HSBC Continental Europe, Greece was ranked as the 6th largest bank in the country by total assets, with a market share of 0.63%2,064.89 million EUR, representing a 15.71% growth in assets compared to the previous year. HSBC Greece also had a net income of -17.38 million EUR in 2021.
As of August 31, 2015, HSBC Greece reported total assets of 3.510 billion EUR. The bank offered a range of services, including current and savings accounts, term deposits, debit and credit cards, internet and mobile banking, various insurance services, consumer loans, and mortgages.
However, on July 28, 2023, HSBC Continental Europe sold its branch operations in Greece to Pancreta Bank SA. This sale included HSBC's 15 consumer and commercial branches and 19 ATMs across the country.
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HSBC Greece has 15 consumer and commercial branches and 19 ATMs across the country
HSBC has had a presence in Greece since 1981, initially operating as HSBC Continental Europe (formerly HSBC France). In 2021, HSBC Continental Europe, Greece ranked as the 6th largest bank in Greece by total assets, with a market share of 0.63%range of services to retail, corporate, and institutional clients, including current and savings accounts, term deposits, debit and credit cards, and various insurance products.
On July 28, 2023, HSBC sold its branch operations in Greece to Pancreta Bank SA. Prior to this sale, HSBC Greece had a network of 15 consumer and commercial branches and 19 ATMs across the country. These branches and ATMs were located in various areas of Athens, including the city centre, Pangrati, Nea Smyrni, Ampelokipoi, Neo Psychiko, Paleo Faliro, and Holargos.
Each of these branches followed the same operating hours, opening their lobbies from 9:00 am to 1:00 pm, while the ATMs provided customers with access to their accounts outside of these hours.
While the specific reasons for the sale of HSBC Greece are not publicly disclosed, the bank continues to maintain a presence in the European market through its other subsidiaries and divisions.
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HSBC Greece's Athens branch is located on Voukourestiou Street in the city centre
HSBC has had a presence in Greece since 1981. HSBC Continental Europe, Greece (formerly HSBC France) served the needs of domestic customers, offering banking and investment services to individuals, as well as corporate and institutional clients. In 2021, HSBC Continental Europe, Greece was ranked the 6th largest bank in Greece in terms of total assets, with a market share of 0.63%.
On 28 July 2023, HSBC sold its Greek branch operations to Pancreta Bank SA. Despite this, HSBC still maintains a presence in Greece, with 15 consumer and commercial branches and 19 ATMs across the country.
One of these branches is located on Voukourestiou Street in the centre of Athens. This branch is open from 9:00 am to 1:00 pm and can be contacted by telephone on 0210 696 2100.
The full address of the HSBC Greece Athens branch is:
Voukourestiou Street
Centre, Athens
10674
Greece
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Frequently asked questions
Yes, HSBC Continental Europe has a presence in Greece, with 15 branches and 19 ATMs across the country.
HSBC Greece offers banking services to retail, corporate and institutional clients. This includes current and savings accounts, term deposits, debit and credit cards, consumer loans and mortgages, internet and mobile banking, investment services, and various insurance products.
In 2021, HSBC Continental Europe, Greece was ranked as the 6th largest bank in Greece by total assets, with 0.63% of the domestic market share.
