EXHIBIT 8  LIST OF SUBSIDIARIES  Set forth below is a chart
indicating the individual companies within the Group and the participation
(direct and indirect) in each company at December 31, 2009.  Primary
  Operating Area
  
  Country of
  incorporation
  
  Direct
  
  Indirect
  
  TotalCorporate &
  Investment BankingEthniki
  Leasing S.A.
  
  Greece
  
  93.33
  %
  6.67
  %
  100.00
  %Ethniki
  Factors S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Eterika Plc(1)
  
  UK
  
  
  
  
  
  Titlos
  Plc (1)
  
  UK
  
  
  
  
  
  Retail
  BankingRevolver
  APC Limited (1)
  
  UK
  
  
  
  
  
  Revolver
  2008-1 PLC (1)
  
  UK
  
  
  
  
  
  Turkish
  OperationsFinansbank
  A.S.
  
  Turkey
  
  77.22
  %
  17.58
  %
  94.80
  %Finans
  Leasing A.S.
  
  Turkey
  
  2.55
  %
  56.17
  %
  58.72
  %Finans
  Invest A.S.
  
  Turkey
  
  0.20
  %
  94.52
  %
  94.72
  %Finans
  Portfolio Management A.S.
  
  Turkey
  
  0.01
  %
  94.71
  %
  94.72
  %Finans
  Investment Trust A.S.
  
  Turkey
  
  5.30
  %
  76.80
  %
  82.10
  %IB
  Tech A.S.
  
  Turkey
  
  
  
  94.71
  %
  94.71
  %Finans
  Consumer Finance A.S.
  
  Turkey
  
  
  
  94.79
  %
  94.79
  %Finans
  Factoring A.S.
  
  Turkey
  
  
  
  94.79
  %
  94.79
  %NBG
  (Malta) Holdings Ltd (formerly Finans (Malta) Holdings Ltd)
  
  Malta
  
  
  
  100.00
  %
  100.00
  %NBG
  Bank (Malta) Ltd (formerly Finansbank (Malta) Ltd)
  
  Malta
  
  
  
  100.00
  %
  100.00
  %InternationalThe
  South African Bank of Athens Ltd.
  
  South
  Africa
  
  94.32
  %
  5.35
  %
  99.67
  %National
  Bank of Greece (Cyprus) Ltd.
  
  Cyprus
  
  100.00
  %
  
  
  100.00
  %National
  Securities Co (Cyprus) Ltd.
  
  Cyprus
  
  
  
  100.00
  %
  100.00
  %NBG
  Management Services Ltd.
  
  Cyprus
  
  100.00
  %
  
  
  100.00
  %Stopanska
  Banka A.D. (Skopje)
  
  FYROM
  
  73.04
  %
  
  
  73.04
  %United
  Bulgarian Bank A.D.Sofia (UBB)
  
  Bulgaria
  
  99.91
  %
  
  
  99.91
  %UBB
  Asset Management
  
  Bulgaria
  
  
  
  99.92
  %
  99.92
  %UBB
  Insurance Broker
  
  Bulgaria
  
  
  
  99.93
  %
  99.93
  %UBB
  Factoring E.O.O.D.
  
  Bulgaria
  
  
  
  99.91
  %
  99.91
  %Interlease
  E.A.D.
  
  Bulgaria
  
  100.00
  %
  
  
  100.00
  %Interlease Auto E.A.D.
  
  Bulgaria
  
  
  
  100.00
  %
  100.00
  %ETEBA
  Bulgaria A.D.
  
  Bulgaria
  
  92.00
  %
  8.00
  %
  100.00
  %Banca
  Romaneasca S.A.
  
  Romania
  
  89.07
  %
  
  
  89.07
  %NBG
  Leasing IFN S.A.
  
  Romania
  
  100.00
  %
  
  
  100.00
  %Vojvodjanska
  Banka a.d. Novi Sad
  
  Serbia
  
  100.00
  %
  
  
  100.00
  %NBG
  Leasing d.o.o. Belgrade
  
  Serbia
  
  100.00
  %
  
  
  100.00
  %NBG
  Services d.o.o. Belgrade
  
  Serbia
  
  
  
  100.00
  %
  100.00
  %Global
  Markets & Asset ManagementNational
  Securities S.A (formerly National P&K Securities S.A.)
  
  Greece
  
  100.00
  %
  
  
  100.00
  %NBG
  Asset Management Mutual Funds S.A.
  
  Greece
  
  81.00
  %
  19.00
  %
  100.00
  %NBG
  Greek Fund Ltd.
  
  Cyprus
  
  100.00
  %
  
  
  100.00
  %NBG
  Finance Plc
  
  UK
  
  100.00
  %
  
  
  100.00
  %NBG
  Finance (Dollar) Plc
  
  UK
  
  100.00
  %
  
  
  100.00
  %NBG
  Finance (Sterling) Plc
  
  UK
  
  100.00
  %
  
  
  100.00
  %NBG
  International Ltd.
  
  UK
  
  100.00
  %
  
  
  100.00
  %NBG
  International Inc. (NY)
  
  USA
  
  
  
  100.00
  %
  100.00
  %NBGI
  Private Equity Ltd.
  
  UK
  
  
  
  100.00
  %
  100.00
  %NBGI
  Private Equity S.A.S.
  
  France
  
  
  
  100.00
  %
  100.00
  %ETEBA
  Romania S.A.
  
  Romania
  
  100.00
  %
  
  
  100.00
  %NBG
  Asset Management Luxemburg S.A.
  
  Luxemburg
  
  94.67
  %
  5.33
  %
  100.00
  %NBGI
  Private Equity Funds
  
  UK
  
  
  
  100.00
  %
  100.00
  %CPT
  Investments Ltd.
  
  Cayman
  Islands
  
  50.10
  %
  
  
  50.10
  %  1


InsuranceNBG
  Bancassurance S.A.
  
  Greece
  
  99.70
  %
  0.30
  %
  100.00
  %Ethniki
  Hellenic General Insurance S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %National
  Insurance Brokerage S.A.
  
  Greece
  
  
  
  95.00
  %
  95.00
  %Ethniki
  Insurance (Cyprus) Ltd.
  
  Cyprus
  
  
  
  100.00
  %
  100.00
  %Ethniki
  General Insurance (Cyprus) Ltd.
  
  Cyprus
  
  
  
  100.00
  %
  100.00
  %S.C. Garanta Asigurari S.A.
  
  Romania
  
  
  
  94.96
  %
  94.96
  %Audatex
  Hellas S.A.
  
  Greece
  
  
  
  70.00
  %
  70.00
  %Finans
  Pension AS
  
  Turkey
  
  
  
  94.79
  %
  94.79
  %OtherEthniki
  Kefalaiou S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %NBG
  Property Services S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Pronomiouhos S.A. Genikon Apothikon Hellados
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Innovative Ventures S.A. (I-Ven) (under
  liquidiation)
  
  Greece
  
  
  
  100.00
  %
  100.00
  %Astir Palace Vouliagmenis S.A.
  
  Greece
  
  85.35
  %
  
  
  85.35
  %Grand
  Hotel Summer Palace S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %NBG
  Training Center S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Ethnodata S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %KADMOS S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %DIONYSOS S.A.
  
  Greece
  
  99.91
  %
  
  
  99.91
  %EKTENEPOL
  Construction Company S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Protypos
  Mortgage, Touristic S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %Hellenic
  Touristic Constructions S.A.
  
  Greece
  
  77.76
  %
  
  
  77.76
  %Ethnoplan S.A.
  
  Greece
  
  
  
  100.00
  %
  100.00
  %Ethniki
  Ktimatikis Ekmetalefsis S.A.
  
  Greece
  
  100.00
  %
  
  
  100.00
  %NBG
  Pangaea Real Estate Investment Company
  
  Greece
  
  100.00
  %
  
  
  100.00
  %NBG
  International Holdings BV
  
  The
  Netherlands
  
  100.00
  %
  
  
  100.00
  %  
 (1)           VIE
in which the Bank has a beneficial interest  2