OTCPK:NBGC.Y

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National Bank of Greece

Executive Summary

National Bank of Greece S.A., together with its subsidiaries, provides financial products and services in Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Malta, and Egypt.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has National Bank of Greece's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NBGC.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.3%

NBGC.Y

0.8%

US Banks

4.0%

US Market


1 Year Return

n/a

NBGC.Y

-28.2%

US Banks

4.9%

US Market

Return vs Industry: Insufficient data to determine how NBGC.Y performed against the US Banks industry.

Return vs Market: Insufficient data to determine how NBGC.Y performed against the US Market.


Shareholder returns

NBGC.YIndustryMarket
7 Day-10.3%0.8%4.0%
30 Day4.1%-12.3%1.3%
90 Day19.7%15.3%29.5%
1 Yearn/a-25.7%-28.2%7.2%4.9%
3 Yearn/a-18.1%-24.7%36.1%27.2%
5 Yearn/a8.8%-4.4%65.3%46.9%

Price Volatility Vs. Market

How volatile is National Bank of Greece's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is National Bank of Greece undervalued compared to its fair value and its price relative to the market?

2.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NBGC.Y ($6.08) is trading above our estimate of fair value ($1.71)

Significantly Below Fair Value: NBGC.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NBGC.Y is good value based on its PE Ratio (2.3x) compared to the Banks industry average (9.4x).

PE vs Market: NBGC.Y is good value based on its PE Ratio (2.3x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: NBGC.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NBGC.Y is good value based on its PB Ratio (0.2x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is National Bank of Greece forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NBGC.Y's earnings are forecast to decline over the next 3 years (-0.1% per year).

Earnings vs Market: NBGC.Y's earnings are forecast to decline over the next 3 years (-0.1% per year).

High Growth Earnings: NBGC.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NBGC.Y's revenue is expected to decline over the next 3 years (-16.1% per year).

High Growth Revenue: NBGC.Y's revenue is forecast to decline over the next 3 years (-16.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NBGC.Y's Return on Equity is forecast to be low in 3 years time (4.3%).


Next Steps

Past Performance

How has National Bank of Greece performed over the past 5 years?

73.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBGC.Y has high quality earnings.

Growing Profit Margin: NBGC.Y became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NBGC.Y has become profitable over the past 5 years, growing earnings by 73.5% per year.

Accelerating Growth: NBGC.Y has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NBGC.Y has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (1.8%).


Return on Equity

High ROE: NBGC.Y's Return on Equity (10.3%) is considered low.


Next Steps

Financial Health

How is National Bank of Greece's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: NBGC.Y's Assets to Equity ratio (13.4x) is moderate.

Allowance for Bad Loans: NBGC.Y has a low allowance for bad loans (56%).

Low Risk Liabilities: 74% of NBGC.Y's liabilities are made up of primarily low risk sources of funding.

Loan Level: NBGC.Y has an appropriate level of Loans to Assets ratio (42%).

Low Risk Deposits: NBGC.Y's Loans to Deposits ratio (61%) is appropriate.

Level of Bad Loans: NBGC.Y has a high level of bad loans (30.7%).


Next Steps

Dividend

What is National Bank of Greece current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NBGC.Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NBGC.Y's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NBGC.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NBGC.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NBGC.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NBGC.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Paul Mylonas (62yo)

2.17yrs

Tenure

€336,495

Compensation

Dr. Pavlos Konstantinos Mylonas, also known as Paul, Ph.D. serves as Chairman of the Board of Directors of Vojvodjanska Banka AD and Non-Executive Chairman of the Board of Direcotrs at NBG Cyprus Ltd. He i ...


Leadership Team

NamePositionTenureCompensationOwnership
Pavlos Mylonas
CEO & Executive Director2.17yrs€336.50kno data
Panagiotis – Ioannis Dasmanoglou
GM of Group Compliance & Corporate Governance and Secretary3.58yrs€137.08k0.000010% 136.8
Dimitrios Dimopoulos
1.5yrs€16.00kno data
Christina Theofilidi
Executive Director1yr€120.83kno data
Christos Christodoulou
GM & Group CFO1yrno datano data
Nektarios Divaris
?Assistant General Manager of Operations1.67yrsno datano data
Vasilis Karamouzis
General Manager of Corporate & Investment Banking2.83yrsno datano data
Stratos Molyviatis
?Assistant GM & Group Chief Information Officer1.92yrsno datano data
Gregory Papagrigoris
Head of IRno datano datano data
Georgios Triantafillakis
General Manager of Legal Services3.25yrsno datano data

2.0yrs

Average Tenure

59.5yo

Average Age

Experienced Management: NBGC.Y's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pavlos Mylonas
CEO & Executive Director2.17yrs€336.50kno data
Christina Theofilidi
Executive Director1yr€120.83kno data
Mehmet Ömer Aras
Chairman & CEO of Finansbankno datano datano data
Diomidis Nikoletopoulos
Chairman & CEO of Stopanska Bankano datano datano data
Ioannis Kougionas
CEO & Director of Banca Romaneasca5.58yrsno datano data
Nicholas Beis
MD & Director of National Bank of Greece - Cyprus10.33yrsno datano data
Claude Edgard Piret
Independent Non-Executive Director3.67yrs€113.99kno data
Costas Michaelides
Non Executive Chairman2.5yrs€257.39kno data
Wietze Reehoorn
Independent Non-Executive Member1yr€47.25kno data
Andrew McIntyre
Independent Non-Executive Director2.25yrs€102.80kno data

3.1yrs

Average Tenure

64yo

Average Age

Experienced Board: NBGC.Y's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

National Bank of Greece S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: National Bank of Greece S.A.
  • Ticker: NBGC.Y
  • Exchange: OTCPK
  • Founded: 1841
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: €1.217b
  • Listing Market Cap: €1.368b
  • Shares outstanding: 914.49m
  • Website: https://www.nbg.gr

Number of Employees


Location

  • National Bank of Greece S.A.
  • 86 Eolou Street
  • Athens
  • 105 59
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETEATSE (The Athens Stock Exchange)EUR0.30GREURNo data
NBG NBMV (Bolsa Mexicana de Valores)SPON ADR EA REP 1 ORD (POST REV SPLT)MXEURNo data
ETEATSE (The Athens Stock Exchange)YesOrdinary SharesGREURNov 1985
NAGFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1985
0RCRLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1985
NBGI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1985
NBGC.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDJun 2019

Biography

National Bank of Greece S.A., together with its subsidiaries, provides financial products and services in Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Malta, and Egypt. The company operates through Retail Banking, Corporate & Investment Banking, Special Assets Unit, Global Markets and Asset Management, Insurance, International Banking Operations, and Other segments. It offers savings, current, time deposit, and sight accounts; deposit multiproducts; and deposits in foreign currency. The company’s loan portfolio comprises housing loans; consumer loans; asset financing solutions, such as loans for business premises and equipment, and leasing services; and liquidity financing solutions consisting of working capital financing, contract farming, factoring, and guarantees, as well as co-funded loans. It also provides financing for SMEs and renewable-energy-sources, and letters of guarantee and documentary credits; syndicated loans, floating rate loans, loans for working capital, and corporate bonds; factoring services, revolving credit facilities, closed-term loans, and loans in foreign currency; project finance; import-export services, trade finance solutions, and guarantee programs for international transactions; investment products and services comprising time deposits, mutual funds, SICAVs, and stock trading services; and child and pension, health, home, vehicle, and cards insurance products. In addition, the company provides debit, credit, and prepaid cards; payments through standing orders; safe deposit boxes; bank cheques and orders; remittances; foreign currency services; corporate cash management services; securities services; and payments and liquidity management solutions, as well as operates in real estate management and warehousing businesses. It operates approximately 415 branches and 1,437 ATMs in Greece. National Bank of Greece S.A. was founded in 1841 and is headquartered in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 00:42
End of Day Share Price2020/07/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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 here.