| Price | 3.79 |
| Price Change Today | 0.00 (0.00%) |
| P&P rating | ![]() |
| Zacks Rank | 4 - SELL |
| Open Price | $0.00 |
| Previous Close | $3.79 |
| Daily Range | $0.00 - $0.00 |
| 52-Week Range | $1.64 - $11.85 |
| Volume | 0 |
| NATL BK GR-ADR provides a full range of financial products and services to corporate customers and private individuals alike, including retail and corporate lending, investment banking services, insurance, asset management, brokerage, leasing and factoring. One of the Bank's main strengths is the confidence shown in it by its customers, who hold over 7 million deposit accounts and a total of 1 million lending accounts with NBG. | |




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Right now, its market cap is 8.44 billion $ while its equity is similar number in Euros. This is a bargain.
The only problem with it is that Greece is pi$$ed by medias about its possibility of going bankrupt. It has debt to GDP of about 105 % and deficit to GDP around 4%. Those numbers are great compared to Canada's number in 1991-1995, and look where Canada is now. Such situation is not dangerous for its bankruptcy risks, it is virtuous for the incentive it gives to government to rationalize, cut in the inefficiencies and strengthen long term prospect for the country.
Should Greek government take measures to clean up the balance sheet and the running of the state, and it will, NBG won't suffer from Greece Government bond default. And the rest of the assets and capital ratios are clean and allow to take the normal loan loss provisions associated with any adverse economic environment.
I am also loading up AIB and DB with the same vision.
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