NBG - National Bank of Greece

[muscleman]

Any thought on Hellenic bank? It is a small cyprus community bank. It is trading to a huge discount of equity. Cyprus is hit hard, but  it seems they came through that the best. And it seems that cyprus stocks completly collapsed, and are very hated. So cant hellp thinking that there might be a couple bargains in there.

 

What is the symbol for it? I can't find out which exchange it trades on.

What about the financial reports?

It does seem interesting because Third point offshore participated in its recap plan.

[yadayada]

Any thought on Hellenic bank? It is a small cyprus community bank. It is trading to a huge discount of equity. Cyprus is hit hard, but  it seems they came through that the best. And it seems that cyprus stocks completly collapsed, and are very hated. So cant hellp thinking that there might be a couple bargains in there.

 

What is the symbol for it? I can't find out which exchange it trades on.

What about the financial reports?

It does seem interesting because Third point offshore participated in its recap plan.

https://www.hellenicbank.com/en/investors/financialresults

 

I don't really know how to buy those stocks. They are publicly traded, but i dont see them on yahoo or google finance. Hellenic bank is trading like 10% equity, but i dont really like their numbers. I think you can buy using etrade.

 

http://www.cse.com.cy/en/Research/quotes.asp

 

Iv been there tho. It doesn't really look as collapsed as the news wants you to believe.  There is also talk about bitcoin becoming their new currency, but when i asked people, nobody ever heard of bitcoin :) .

[BargainValueHunter]

http://www.businessweek.com/news/2014-04-12/national-bank-of-greece-said-to-plan-eu2-dot-1-bln-capital-increase

 

The Governor of the Bank of Greece, George Provopoulos, said in an interview on Skai television station on Friday that the National Bank of Greece could tap private investors successfully if it chose to.

 

The board will propose an increase in the share capital of 2.1 billion euros through payment in cash and the cancellation of the preemption rights of the bank’s ordinary shareholders, including Greece’s bank recapitalization fund HFSF, the person familiar said.

 

The National Bank of Greece will also propose the buyback of 1.3 billion euros of preference shares currently held by the Greek government. To finance that, the lender will sell some assets, two people said.

[muscleman]

Any thought on Hellenic bank? It is a small cyprus community bank. It is trading to a huge discount of equity. Cyprus is hit hard, but  it seems they came through that the best. And it seems that cyprus stocks completly collapsed, and are very hated. So cant hellp thinking that there might be a couple bargains in there.

 

What is the symbol for it? I can't find out which exchange it trades on.

What about the financial reports?

It does seem interesting because Third point offshore participated in its recap plan.

https://www.hellenicbank.com/en/investors/financialresults

 

I don't really know how to buy those stocks. They are publicly traded, but i dont see them on yahoo or google finance. Hellenic bank is trading like 10% equity, but i dont really like their numbers. I think you can buy using etrade.

 

http://www.cse.com.cy/en/Research/quotes.asp

 

Iv been there tho. It doesn't really look as collapsed as the news wants you to believe.  There is also talk about bitcoin becoming their new currency, but when i asked people, nobody ever heard of bitcoin :) .

 

Is this Russia? I can't understand it at all.  ::)

https://www.hellenicbank.com/images/media/assetfile/Audited%20Financial%20Results%202013.pdf

 

 

[yadayada]

if you scroll down, pick the 4th option. That one is english. And the one you have is greek :) .

[muscleman]

if you scroll down, pick the 4th option. That one is english. And the one you have is greek :) .

 

The one in English is for year end 2012, which is way too old.

Also, where did you get the stock quotes? I can't seem to find it anywhere.

[yadayada]

https://www.hellenicbank.com/images/media/assetfile/181113%20Presentation%20to%20Institutional%20Investors.pdf

 

That one is last 3 Q's in 2013.

 

here are quotes:

http://www.cse.com.cy/en/default.asp

 

Not sure why they dont show up on yahoo.

 

Half the reason im asking is because i put some money in that bank :) . They offer a nice 2.8% or something on 6 month cd's. 

[muscleman]

https://www.hellenicbank.com/images/media/assetfile/181113%20Presentation%20to%20Institutional%20Investors.pdf

 

That one is last 3 Q's in 2013.

 

here are quotes:

http://www.cse.com.cy/en/default.asp

 

Not sure why they dont show up on yahoo.

 

Half the reason im asking is because i put some money in that bank :) . They offer a nice 2.8% or something on 6 month cd's.

 

In the link you gave me, I put into hellenic and clicked go, but still nothing shows up.

 

You deposited money into Hellenic bank?!  :o I heard that Cypress bank recapitalization requires haircuts in depositor's money, which is almost unheard of before. Normally I think shareholders are cut first, followed by bond holders. Depositors should be the last one to be cut.

[BargainValueHunter]

http://www.marketsemerging.com/national-bank-of-greece-adr-nysenbg-plunges-on-bad-news/177096/

 

National Bank of Greece sank 14.53% in pre-market trading on Monday after a report the largest banking group Greek, National Bank of Greece (NBG) unveiled plans to increase its capital by 2.1 billion euros to cover the shortfall identified by the recent stress tests conducted among Greek banks.

 

NBG, present on the market in Romania, is expected to take a decision on the possible capital increase at a meeting of the Board of Directors scheduled to be held on April 15.

 

Back in March, NBG declared that it will unveil a plan to cover the equity gap without selling new shares. However, the Central Bank of Greece, the Greek financial institution that oversees the system rejected to accept the plan.

 

Governor of the Central Bank of Greece, George Provopoulos, said last week in an interview with Skai TV that NBG might successfully address whether private investors will prefer this.

 

“National Bank of Greece wants to seize the opportunity created by high demand for Greek assets to recapitalize quickly,” said Thanassis Drogossis, director Pantelakis Securities.

[yadayada]

https://www.hellenicbank.com/images/media/assetfile/181113%20Presentation%20to%20Institutional%20Investors.pdf

 

That one is last 3 Q's in 2013.

 

here are quotes:

http://www.cse.com.cy/en/default.asp

 

Not sure why they dont show up on yahoo.

 

Half the reason im asking is because i put some money in that bank :) . They offer a nice 2.8% or something on 6 month cd's.

 

In the link you gave me, I put into hellenic and clicked go, but still nothing shows up.

 

You deposited money into Hellenic bank?!  :o I heard that Cypress bank recapitalization requires haircuts in depositor's money, which is almost unheard of before. Normally I think shareholders are cut first, followed by bond holders. Depositors should be the last one to be cut.

they were one of only banks who didnt haircut depositors in the crisis. and they succesfully recapped last year and their rating also was upgraded this year. so that made me think it is pretty safe now

[kai99]

anyone knows where can we find NBG's exposure to the Greek mortgage/housing market?

on the EU sentiment report Greece(EL)'s construction has ton from -23.5 to -13.5, massive improvement

[nnayyar]

According to separate filing, Paulson also holds 5.42% stake in Alpha Bank, as of April 30