Consolidated supervision of Eurobank EFG | Eurobank
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Consolidated supervision of Eurobank EFG

In the context of the modification of the EFG Group holding structure notified in August 2009, lead regulators within the EU have concluded that, based on Directive 2006/48/EC and due to the larger size of Greek activities within the EFG Group, the Bank of Greece will take over the consolidated supervision of the EFG Group, effective January 2010. Supervision at the (sub)consolidated level remains unchanged; therefore, the Eurobank EFG subgroup will continue being supervised by the Bank of Greece while the EFG International subgroup and its direct parent bank, EFG Bank European Financial Group SA in Geneva, will continue to be supervised on a (sub)consolidated basis by the Swiss FINMA.