October 2026
Largest Commercial Banking Public Companies in Greece
Benchmark revenue and EBITDA valuation multiples for public comps like
Eurobank, National Bank of Greece, Piraeus Bank, Alpha Bank and Alpha Bank Group.
 | Eurobank SA operates as a universal bank offering a comprehensive suite of financial services. It provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg. The company offers current accounts, savings, deposits and investment savings products, credit and debit cards, consumer loans, small business banking, and mortgages, overdrafts, loans and other credit facilities, and Others services. It also provides custody and clearing services, cash management and trade service, and investment banking services. The operating segments of the company are: Retail, Corporate, Markets, Investment Property, RSS, and International. Geographically, the Group is active in Greece, Cyprus, Bulgaria and Luxembourg. | $5 | +32% | $18B | $18B | 4.7x | - | ||
| National Bank of Greece SA consists of several subsidiaries offering diverse financial services, including retail, corporate, and investment banking, specialized asset solutions, transactional banking, leasing, factoring, brokerage, asset management, real estate management, and bancassurance-related services. Its segments include Retail Banking, Corporate and Investment Banking, Trouble Assets Units, Global Markets and Asset Management, International Banking Operations, and Other. The group generates maximum revenue from the Retail Banking segment, which, through its branch network and digital business, offers various types of loans (mortgage, consumer, and small business lending), cards (debit, credit, and prepaid cards), deposits, investment, bancassurance, and other products. | $18 | +24% | $16B | $16B | 5.5x | - | ||
| Piraeus Financial Holdings is the listed parent of Piraeus Bank, a Greek universal banking franchise with roots dating to 1916. The group offers deposits, mortgages, consumer credit, business lending, transaction banking, cards, leasing, factoring, wealth management and capital-markets services. It earns revenue from interest margins, fees and other financial services provided to households, small businesses, corporates and institutional clients. Piraeus expanded through consolidation during the Greek banking crisis and received substantial HFSF equity and convertible-capital support. A 2021 market capital increase brought in new private investors while HFSF retained a 27% holding. HFSF disposed of that remaining stake in March 2024, completing the public-sector exit from the listed holding company. | $11 | +40% | $14B | $14B | 4.5x | - | ||
| Alpha Bank SA offers corporate and retail banking, financial services, investment banking and brokerage services, insurance services, real estate management and hotel services. Its segments are Retail, Wholesale, Wealth Management, and International Activities. Majority of revenue comes from Wholesale segment. Majority of revenue comes from Greece. | $5 | +22% | $11B | $11B | 4.4x | - | ||
| Alpha Services and Holdings SA is the parent company of the Alpha Bank Group, which offers a diverse range of financial and non-financial services, including corporate and retail banking, investment banking, brokerage services, insurance services, real estate management, and hotel services. Its segments include, Retail, Wholesale, Wealth Management, International activities, Non Performing Assets and Corporate. Majority of the revenue is generated from its Wholesale banking segment which offers working capital facilities, corporate loans, leasing products, investment banking services among others. Geographically, a substantial part of the company's overall revenue is generated from Greece. | $1 | +25% | $11B | $11B | 4.3x | - | ||
| Optima bank SA is a banking and financial services providing institution which caters to the needs of customers both retail and businesses, products and services. It also provides a wide range of banking and brokerage services as well as investment banking services covering the broadest sectors such as Private Banking or Retail Banking, Corporate Banking, Other Services, Capital Management Services, and Business Receivables Agency. | $15 | +65% | $3.4B | $3.4B | 31.3x | - | ||
| CrediaBank is a Greek commercial bank formed from the combination and subsequent rebranding of Attica Bank and Pancreta Bank. Its predecessor Attica Bank was founded in 1925 and provided retail, small-business, corporate and project-finance products in the Greek market. The bank earns net interest income and service fees from deposits, lending, payments and related financial products. During its restructuring, HFSF became the main shareholder and participated in successive capital increases alongside private and institutional investors. The September 2024 merger with Pancreta created a broader banking platform, while a further equity-and-warrant recapitalization shifted control to Thrivest and reduced HFSF’s percentage. The CrediaBank name adopted later represents the same continuing listed bank and is used here to keep the transaction history on one company record. | $1 | -35% | $2.1B | $2.1B | 6.7x | - | ||
| Bank of Greece operate as a central bank of Greece. It is responsible for implementing the Eurosystem's monetary policy in Greece and safeguarding the stability of the Greek financial system. Its primary objective is to ensure the stability of the general price level. | $17 | -2% | $333M | $333M | 0.3x | - | ||
| Median | $8 | +25% | $11B | $11B | 4.6x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.