Two regulators control Greek finances: the Bank of Greece and the Hellenic Capital Market Commission (HCMC). However, as a Member State of the European Union, international conventions ratified by Greece, and EU legislation, take precedence over any other provision of law. Currently, only broad rules and regulations exist in regards to credit institutions, but not specifically microfinance. With the implementation of more microcredit programs, including European Commission’s “Project Microfinance”, a new Microfinance Facility launched by the European Commission, and the European Union’s Project JASMINE (Joint Action to Support Microfinance Initiatives in Europe), there are discussions of implementing more microfinance-specific rules and regulations.


Microfinance & Banking

Consumer Protection

Branchless Banking