National Bank of Greece (ETE) Stock Overview
Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
No risks detected for ETE from our risk checks.
ETE Community Fair Values
Create NarrativeSee what 26 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
National Bank of Greece S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €17.68 |
| 52 Week High | €18.00 |
| 52 Week Low | €11.67 |
| Beta | 0.56 |
| 1 Month Change | 7.38% |
| 3 Month Change | 14.54% |
| 1 Year Change | 44.33% |
| 3 Year Change | 204.83% |
| 5 Year Change | 610.04% |
| Change since IPO | -99.68% |
Recent News & Updates
Narrative Update • Sep 04
ETE: Higher P E Assumptions And Cautious Stance Will Guide Near Term Moves
Analysts have raised the fair value estimate for National Bank of Greece to €17.88 from €17.50. The change reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E, in line with the recent series of higher Street price targets, including the latest move to €19.30.Narrative Update • Aug 06
ETE: Higher P E Expectations And Tight Research Range Will Shape Near Term Moves
Analysts have nudged their price target on National Bank of Greece higher to about €17.50 from roughly €17.15. This reflects updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E multiples, and is in line with recent target moves to €17.10 and €17.60 in Street research.Narrative Update • Jun 18
ETE: Tight Research Range And Higher Future P E May Limit Near Term Moves
Analysts have nudged their fair value estimate for National Bank of Greece to €17.15 from €16.82, reflecting recent Street research in which price targets shifted, including a move to €17.10, as well as modest adjustments to assumptions for discount rate, revenue growth and future P/E, alongside a slightly lower profit margin input. Analyst Commentary Recent Street research around National Bank of Greece highlights a mix of optimism on execution and valuation, alongside some caution as price targets shift in both directions over time.Narrative Update • Jun 03
ETE: Tight Research Range And Higher Future P E May Support Upside
Analysts have nudged their price targets on National Bank of Greece slightly higher to around €16 to €16.10, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that reflect recent research adjustments. Analyst Commentary Recent research on National Bank of Greece clusters around price targets in the €15.95 to €16.10 range, with adjustments both up and down as assumptions for fair value and risk are fine-tuned.Narrative Update • May 19
ETE: Refined Board Signals And Higher Future P E May Support Upside
Analysts now set the National Bank of Greece price target at about €16.51, reflecting updated views on fair value, discount rate, revenue growth, profit margins, and future P/E, along with recent mixed target changes around €15.70 to €16.10 from major research houses. Analyst Commentary Bullish Takeaways Bullish analysts have kept price targets in a relatively tight band around €16 to €16.10, which points to a view that the current valuation can be supported if the bank delivers on its plans.Recent updates
Narrative Update • Sep 04
ETE: Higher P E Assumptions And Cautious Stance Will Guide Near Term Moves
Analysts have raised the fair value estimate for National Bank of Greece to €17.88 from €17.50. The change reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E, in line with the recent series of higher Street price targets, including the latest move to €19.30.Narrative Update • Aug 06
ETE: Higher P E Expectations And Tight Research Range Will Shape Near Term Moves
Analysts have nudged their price target on National Bank of Greece higher to about €17.50 from roughly €17.15. This reflects updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E multiples, and is in line with recent target moves to €17.10 and €17.60 in Street research.Narrative Update • Jun 18
ETE: Tight Research Range And Higher Future P E May Limit Near Term Moves
Analysts have nudged their fair value estimate for National Bank of Greece to €17.15 from €16.82, reflecting recent Street research in which price targets shifted, including a move to €17.10, as well as modest adjustments to assumptions for discount rate, revenue growth and future P/E, alongside a slightly lower profit margin input. Analyst Commentary Recent Street research around National Bank of Greece highlights a mix of optimism on execution and valuation, alongside some caution as price targets shift in both directions over time.Narrative Update • Jun 03
ETE: Tight Research Range And Higher Future P E May Support Upside
Analysts have nudged their price targets on National Bank of Greece slightly higher to around €16 to €16.10, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that reflect recent research adjustments. Analyst Commentary Recent research on National Bank of Greece clusters around price targets in the €15.95 to €16.10 range, with adjustments both up and down as assumptions for fair value and risk are fine-tuned.Narrative Update • May 19
ETE: Refined Board Signals And Higher Future P E May Support Upside
Analysts now set the National Bank of Greece price target at about €16.51, reflecting updated views on fair value, discount rate, revenue growth, profit margins, and future P/E, along with recent mixed target changes around €15.70 to €16.10 from major research houses. Analyst Commentary Bullish Takeaways Bullish analysts have kept price targets in a relatively tight band around €16 to €16.10, which points to a view that the current valuation can be supported if the bank delivers on its plans.Narrative Update • Apr 27
ETE: Refined Board Moves And Higher Future P E May Support Upside
Narrative Update: National Bank of Greece The analyst price target for National Bank of Greece has been adjusted to about €16.02 from about €15.92. Analysts point to slightly higher assumed revenue growth, a modestly wider profit margin, a lower discount rate and a small uptick in expected future P/E to support the change.Narrative Update • Apr 12
ETE: Refined Board Moves And Higher Forward P E Should Support Upside
Analysts have nudged their fair value estimate for National Bank of Greece higher to about €15.92 from roughly €15.64, citing recent price target revisions around €15.70 to €16.10 and updated assumptions on discount rate, profit margin and future P/E. Analyst Commentary Recent Street research around National Bank of Greece clusters around price targets in the €15.70 to €16.10 range.Narrative Update • Mar 29
ETE: Refined Board Composition And Tighter P E Range Will Support Upside
Narrative Update on National Bank of Greece The analyst price target for National Bank of Greece has been nudged higher to about €15.64. This reflects analysts' updated assumptions for slightly faster revenue growth, a modestly stronger profit margin profile, and a small adjustment to the forward P/E multiple following recent target revisions from major research houses.Narrative Update • Mar 13
ETE: Mixed Rating Shifts And Board Changes Will Support Future Upside
Narrative Update Overview The updated analyst narrative for National Bank of Greece reflects a modest uplift in the implied price target to €15.48 from €15.19, supported by analysts’ recent adjustments to discount rates, revenue growth, profit margin assumptions and forward P/E expectations following mixed target moves from firms that now cluster around the €15.30 to €15.70 range. Analyst Commentary Recent research on National Bank of Greece points to a tighter range of views on fair value, with targets now clustering around the mid teens.Narrative Update • Feb 26
ETE: Mixed Ratings And Board Changes Will Shape A Measured Outlook
Analysts have edged their fair value estimate for National Bank of Greece higher to €15.19 from €14.91, framing it against a cluster of recent price targets around €15 to €16. Differing views on growth, margins and future P/E are now driving more mixed rating actions.Narrative Update • Feb 11
ETE: Recent Upgrade And Board Changes Will Guide Measured Forward Outlook
Analysts have raised their price target for National Bank of Greece slightly to €14.91 from €14.70, supported by updated assumptions on revenue growth, profitability and future P/E, along with a recent upgrade to Buy with a €15.30 target from a major international bank. Analyst Commentary Recent research reflects a more constructive stance on National Bank of Greece, with the latest high profile upgrade aligning its €15.30 price target close to the broader cluster around €15.Narrative Update • Jan 26
ETE: Refined Fair Value And Board Changes Will Shape Future Expectations
Analysts have nudged their price target for National Bank of Greece higher to about €14.70 from roughly €14.46, citing updated fair value estimates and recent research support, including a new €15.30 target from the Street. Analyst Commentary Recent research has tilted more constructive on National Bank of Greece, with the latest upgrade tied to a refreshed €15.30 price target that sits modestly above the cluster of current fair value estimates around €14.70.Narrative Update • Jan 11
ETE: Earnings Power And Board Changes Will Guide A Balanced Future Outlook
Analysts have nudged their price target for National Bank of Greece slightly higher, with fair value estimates moving from €14.33 to €14.46. They cited updated assumptions on discount rate, revenue growth, profit margin and forward P/E, alongside recent Street research that includes an upgrade to Buy with a €15.30 target.Narrative Update • Dec 18
ETE: Earnings Power And Governance Developments Will Shape A Measured Outlook
Analysts have lifted their price target on National Bank of Greece to EUR 15 from EUR 12.80, reflecting slightly stronger assumptions for fair value, revenue growth, and profit margins, alongside a marginally lower discount rate and modestly higher future P E expectations. Analyst Commentary Recent research updates highlight a constructive stance on National Bank of Greece, with the higher price target underscoring improved expectations for the bank's earnings power and capital strength.Narrative Update • Dec 04
ETE: Earnings Momentum And Governance Changes Will Shape A Balanced Outlook
Analysts have raised their price target on National Bank of Greece from EUR 13.93 to approximately EUR 14.24, citing slightly lower discount rates, marginally improved profit margins, and a modestly higher future P/E multiple as key drivers of the upward revision. Analyst Commentary Recent research updates highlight a constructive view on National Bank of Greece, with the latest revision lifting the price target to EUR 15 and maintaining a positive stance on the shares.Narrative Update • Nov 20
ETE: Upgrades Will Drive Outlook While Execution Risks Remain Prominent
Analysts have raised their price target for National Bank of Greece from €13.67 to €13.93, citing upgraded revenue growth expectations and a continued positive outlook on the bank's performance. Analyst Commentary Analysts continue to evaluate National Bank of Greece, reflecting on both the upside potential and possible risks to its valuation and growth prospects.Narrative Update • Nov 06
ETE: Share Price Momentum And Upgrades Will Shape Outlook Amid Valuation Concerns
Analysts have increased their price target for National Bank of Greece from €13.41 to €13.67, reflecting improved fundamentals and recent upward momentum as highlighted in sector research. Analyst Commentary Bullish Takeaways Bullish analysts have increased price targets, citing continued momentum in National Bank of Greece’s share price and improved fundamentals.Narrative Update • Oct 22
Analyst Commentary Highlights Raised Price Targets Amid Strong Performance at National Bank of Greece
The analyst price target for National Bank of Greece has been raised from €13.40 to €15.00. Analysts point to continued strong performance and have reassessed the bank's valuation following recent market gains.Narrative Update • Oct 08
Digital Transformation Will Improve Efficiency And Client Experience
The analyst fair value target for National Bank of Greece was increased from EUR 12.97 to EUR 13.41. This change reflects updated analyst expectations for modest improvements in revenue growth and profitability.Narrative Update • Sep 20
Digital Transformation Will Improve Efficiency And Client Experience
National Bank of Greece's consensus analyst price target was modestly raised from €12.84 to €12.97, driven by strong earnings momentum, improved capital and asset quality, and a favorable outlook for returns, even as some analysts voice valuation concerns amid the recent share rally. Analyst Commentary Bullish analysts raise price targets following strong share price momentum and improved earnings outlook.Narrative Update • Sep 05
Digital Transformation Will Improve Efficiency And Client Experience
Analysts raised their price targets for National Bank of Greece following strong share price performance and maintained confidence in fundamentals, but caution that the rally has led to a stretched valuation—leaving the consensus target unchanged at €12.84. Analyst Commentary Price target raised in response to strong recent share price performance.
New Narrative • Feb 09
Bank's Digital Focus Aims To Improve Efficiency, Yet Earnings Will Decline Amid Margin Pressures
Strengthening capital formation and labor market growth is likely to boost corporate and consumer lending, increasing revenue through higher loan volumes and demand.Shareholder Returns
| ETE | GR Banks | GR Market | |
|---|---|---|---|
| 7D | 0.9% | 1.2% | 1.0% |
| 1Y | 44.3% | 39.8% | 24.3% |
Return vs Industry: ETE exceeded the Greek Banks industry which returned 39.2% over the past year.
Return vs Market: ETE exceeded the Greek Market which returned 24% over the past year.
Price Volatility
| ETE volatility | |
|---|---|
| ETE Average Weekly Movement | 3.5% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 3.6% |
| 10% most volatile stocks in GR Market | 5.5% |
| 10% least volatile stocks in GR Market | 2.0% |
Stable Share Price: ETE has not had significant price volatility in the past 3 months compared to the Greek market.
Volatility Over Time: ETE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1841 | 7,877 | Paul Mylonas | www.nbg.gr |
National Bank of Greece S.A., together with its subsidiaries, provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally. It operates through Retail Banking, Corporate & Investment Banking, Trouble Assets Units, Global Markets and Asset Management, International Banking Operations, and other segments. The Retail Banking segment provides deposit, investment, bancassurance products, mortgage loans, consumer and small business lending, debit and credit cards, prepaid cards, and other traditional products and services for individual customers, professionals, and small-medium and small sized companies through its network of branches and digital businesses.
National Bank of Greece S.A. Fundamentals Summary
| ETE fundamental statistics | |
|---|---|
| Market cap | €15.74b |
| Earnings (TTM) | €1.12b |
| Revenue (TTM) | €2.72b |
14.1x
P/E Ratio1.6x
P/B RatioIs ETE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ETE income statement (TTM) | |
|---|---|
| Revenue | €2.72b |
| Cost of Revenue | €22.00m |
| Gross Profit | €2.69b |
| Other Expenses | €1.58b |
| Earnings | €1.12b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Nov 05, 2026
| Earnings per share (EPS) | 1.25 |
| Gross Margin | 99.19% |
| Net Profit Margin | 41.11% |
| Debt/Equity Ratio | 83.8% |
How did ETE perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield23%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 03:46 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
National Bank of Greece S.A. is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kirishanthan Vijayarajah | Barclays |
| Robert Bate | Barclays |
| Manos Chatzidakis | Beta Securities S.A. |