NYSE:NBG.P.AWD - Post by User
Post by
bulltraderron Dec 01, 2015 7:43pm
93 Views
Post# 24344885
National Bank of Greece...
National Bank of Greece... National Bank of Greece, the largest lender in the country saw its trading on the New York Stock Exchange suspended on Friday after the authorities decided to delist the ADR stock. With abnormally low prices, below the requirement of the exchange, National Bank of Greece failed to meet the standard $1 mark after plunging over 91% since the start of the year.
On the flip side, the bank is making efforts to raise capital and meet it capital shortfall requirement, identified by the European Central Bank in the stress test. Considering the upcoming review on reforms, if the government successfully implements the changes, the bank might have a good chance of regaining depositors’ confidence. This combined with sufficient capital raising and by maintaining the shortfall, National Bank of Greece might have a good chance to get back on its feet.