Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Athens Stock Exchange  >  National Bank of Greece    ETE   GRS003003027

NATIONAL BANK OF GREECE (ETE)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

All Greek banks seen passing ECB's stress test, NBG says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2018 | 11:23am CEST
FILE PHOTO: CEO of National Bank of Greece Fragiadakis poses for a picture in his office before an interview with Reuters at the bank's headquarters in Athens

ATHENS (Reuters) - Greek banks will pass the European Central Bank's (ECB) stress test of their financial health, the chief executive of the country's second-biggest lender, National Bank (NBG) , said on Monday.

The ECB will publish the results of a stress test of Greece's four largest lenders - Piraeus, NBG, Eurobank and Alpha - in May to allow time for any capital shortfall to be filled before Greece leaves its bailout programme in August.

"All Greek banks will pass the stress tests. The results will be encouraging," Leonidas Fragiadakis told reporters on the sidelines of a signing ceremony with the European Investment Fund on loan facilities for small businesses.

The Greek stress test, aimed at uncovering any capital shortage before Athens exits its 86 billion-euro (£74.4 billion) bailout, will be carried out separately from a regular stress test of other euro zone banks.

Test results for 33 lenders from other euro zone countries will be published on Nov. 2.

Greek banks have been recapitalised three times since a debt crisis exploded in 2010, but are still burdened by 96 billion euros of soured debt. They have committed to targets to reduce that to 65 billion euros by 2019.

"The Greek banking system will emerge more than OK," Fragiadakis said.

The CEO also said NBG was looking to approach two Chinese investors over the sale of a majority stake in its insurance unit National Insurance, after a plan to sell it to Netherlands-based EXIN fell through.

"We are discussing the details of the procedure to approach the two Chinese investors so that the sale takes place as soon as possible and with a positive impact on National Bank," Fragiadakis said.

Last month, NBG terminated a deal to sell a 75 percent stake in its insurance subsidiary to EXIN Financial Services Holding.

EXIN Partners and U.S. Calamos Investments had agreed to buy the stake for 718 million euros, but the deal turned sour after a legal row erupted between the two buyers.

(Reporting by George Georgiopoulos; Editing by Mark Potter)

By George Georgiopoulos

Stocks mentioned in the article
ChangeLast1st jan.
ALPHA BANK SA -0.76% 1.968 Delayed Quote.10.97%
EUROBANK ERGASIAS SA -0.58% 0.861 Delayed Quote.1.88%
NATIONAL BANK OF GREECE -0.08% 0.2638 Delayed Quote.-17.24%
PIRAEUS BANK SA -0.72% 2.762 Delayed Quote.-9.38%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NATIONAL BANK OF GREECE
07/18NATIONAL BANK OF GREECE : Greece's rescue fund to back Mylonas as National Bank ..
RE
07/18NATIONAL BANK OF GREECE : New CEO of NBG P.Mylonas
PU
07/04NATIONAL BANK OF GREECE : NBG Group announces the completion of the sale of NBG ..
PU
06/30Greece Banks to benefit from new EUR 400m leasing finance scheme
AQ
06/28NATIONAL BANK OF GREECE : Dollar prices stable at Egypt's major banks
AQ
06/28Greek Companies to Benefit From New EUR 400 Million Leasing Finance Scheme Fo..
AQ
06/28ECB-Greek companies to benefit from new EUR 400 million leasing finance schem..
AQ
06/21NATIONAL BANK OF GREECE : sells non-performing loan portfolio to CarVal Investor..
PU
06/21INTRUM JUSTITIA : National Bank to sell 2 billion of NPL's to CarVal and Intrum
RE
06/15NATIONAL BANK OF GREECE : migrates debit card portfolio, services to Way4 platfo..
AQ
More news
News from SeekingAlpha
06/01National Bank of Greece S.A. 2018 Q1 - Results - Earnings Call Slides 
04/24Greek Banks Are Still Not Investable 
04/17This Greek Tragedy Is Over - Buy Greek Banks 
04/06GREEK BANKS : Which One Do You Pick For 2018? 
03/29National Bank of Greece S.A. 2017 Q4 - Results - Earnings Call Slides 
Financials (€)
Sales 2018 1 551 M
EBIT 2018 554 M
Net income 2018 112 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 19,85
P/E ratio 2019 10,78
Capi. / Sales 2018 1,54x
Capi. / Sales 2019 1,42x
Capitalization 2 387 M
Chart NATIONAL BANK OF GREECE
Duration : Period :
National Bank of Greece Technical Analysis Chart | ETE | GRS003003027 | 4-Traders
Technical analysis trends NATIONAL BANK OF GREECE
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 0,34 €
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Paul K. Mylonas Chief Executive Officer & Executive Director
Costas Michaelides Chairman
Nikolaos Christodoulou Group Chief Operating Officer & General Manager
Ioannis Polyzois Kyriakopoulos Group Chief Financial Officer & General Manager
Demitrios G. Dimopoulos Executive Director & Deputy CEO
Sector and Competitors
1st jan.Capitalization (M$)
NATIONAL BANK OF GREECE-17.24%2 765
JP MORGAN CHASE & COMPANY4.29%376 228
BANK OF AMERICA1.66%304 282
WELLS FARGO-6.76%275 610
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-15.65%270 604
CHINA CONSTRUCTION BANK CORPORATION-16.67%231 459