Foreign branches account for around 10%, the Loans and Consignment Fund 3.5%, while cooperative banks represent less than 1%. The degree of concentration of the Greek banking sector is somewhat above the euro area average, even if we exclude Germany with its more than 2000 mainly small local banks; it is, however, around the average of countries of a broadly similar size.
BIS Review 104/2006  1  The five largest banks control 66% of the banking system assets, which is lower than the 85% of the Netherlands and Belgium, close to the 69% of Portugal, but above the 45% of Austria.