Founded over 100 years ago, Greek Postal Savings Bank has a long-standing reputation of financial and social success. The bank is a member of the Hellenic Banks Association, the European Savings Banks Group and the World Institute of Savings Banks. With a strong presence across Greece in 64 cities and 1.220 permanent employees, Greek Postal Savings Bank provides a solid private network of 136 branches and a very efficient alternative network of 820 Post offices, in addition to a constantly growing private ATM network all over Greece.

The organization's history begins in 1902 at which time Greek Postal Savings Bank was first established in order to assist and support the savings needs of the Greek working class. As a leading contributor to the reshaping the country's economy of the country and the strengthening of the financial status of its residents, Greek Postal Savings Bank has played a major role in Greece's development this past century.

At the core of its philosophy, Greek Postal Savings Bank has always maintained one distinct purpose: to serve society. Whether this purpose corresponds to building the country's infrastructure needs, meeting the demands of operating a small business, or assisting in the financial management of a growing family, Greek Postal Savings Bank stands as a committed partner to every customer. Building on its strong heritage, the Organization will continue to place strong emphasis on the human factor and vouches to serve the needs of the everyday people that form the cornerstone of the Greek economy.

By the end of 2002, Greek Postal Savings Bank was converted into a Société Anonyme (S.A). Shortly thereafter in mid-2004, the new management team implemented structural changes in order for the Organization to adapt to current market demands and prepare for further growth. Such strategic developments are led by Mr. Panagiotis Tsoupides, Chairman of the BoD.

As of the first half of 2006, Greek Postal Savings Bank boasts a customer base of 2.8 million active accounts, total assets of € 11.4 billion, deposits of € 10.2 billion, net-profit-before-taxes of € 103 million, and almost zero bad debts (IFRS Financial accounts as of June 30, 2006 in a consolidated basis)

One of the most significant goals of Greek Postal Savings Bank was its privatization by the Initial Public Offering (IPO) at the Athens Stock Exchange. The relevant procedures were completed at a very fast pace and the goal was realized the first week of June 2006. With the realization of a successful IPO, the business horizons of Greek Postal Savings Bank are expected to expand significantly, thus reinforcing its potential for further development and establishing its strong presence in the banking sector.

The management's vision for the near future is to convert Greek Postal Savings Bank into an efficient, friendly and people oriented retail bank over the next few years.