Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

100 jobs
Number of planned job losses
Job loss
Announcement Date
17 November 2011
Employment effect (start)
18 November 2011
Foreseen end date
23 January 2012


BNP Paribas, a global banking group headquartered in Paris, is to close its branches in Greece, leaving 100 people redundant. This is due to the great uncertainty in liquidity and solvency of the Greek banking system, according to the official press release of the French bank in mid-November.

From 23 January 2012, only shipping and off-shore divisions of the bank will remain operative in the country. BNP Paribas results for the first nine months of 2011 report a 72% reduction in profits. The bank made losses of € 2.4 billion in the Greek debt haircut.

The Greek Federation of Bank Employees' Unions, which has sought help from the French Embassy in Athens and the European union of bank employees UNI Europa, opposes BNP Paribas' withdrawal from Greece.

BNP Paribas has been present in Greece since 1981.


  • 18 November 2011: Imerisia
  • 18 November 2011: Kerdos
  • 17 November 2011: Express
  • 17 November 2011: Kathimerini


Eurofound (2011), BNP Paribas Greece, Closure in Greece, factsheet number 72888, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72888.