NBG and other Greek stocks

Discussion in 'Stocks' started by m22au, Jan 19, 2010.

  1. m22au

    m22au

    Link to thread titled:

    "European Banks Exposure To Greek Government Debt and Capital Impact from Haircuts..."
    http://www.elitetrader.com/vb/showthread.php?s=&threadid=219216

    Link to Goldman Sachs research about bank exposure to European sovereign debt:

    http://www.scribd.com/doc/53525577/European-Greek-Restructuring

    which was from this Zero Hedge article titled:
    Goldman On Banks' Exposure To The Greek Restructuring, Pardon, "Liability Management Exercise"

    http://www.zerohedge.com/article/go...ucturing-pardon-liability-management-exercise

    keywords: NBG AIB IRE ALBK BKIR National Bank of Greece ETE
     
    #21     Apr 21, 2011
  2. m22au

    m22au

  3. m22au

    m22au

    Just wondering if anyone knows anything specific regarding NBG today?

    I see that the common equity is relatively unchanged at 1.39 USD but the NBG-PRA (I assume preferred shares with $25 par value) are down 25% at 12.60 USD.
     
    #23     Jun 2, 2011
  4. m22au

    m22au

    preferred dividend:

    NBG proposes that no dividends to be paid

    as per 01 June press release

    vote scheduled for 23 June AGM
     
    #24     Jun 2, 2011
  5. m22au

    m22au

    #25     Jun 13, 2011
  6. m22au

    m22au

    Here we go, more capital may be required at Greek banks:

    ***

    Greek Banks Must Have 10% Core Tier 1 by 2012, Kathimerini Says

    http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=ETE:GA&sid=ajQSdxYiB8xo

    June 15 (Bloomberg) -- Greek banks will be asked to maintain a 10 percent Core Tier I capital from 2012, Kathimerini reported, citing George Provopoulos, the head of the country’s central bank.

    The 10 percent level will include government preference shares issued to the lenders and has been agreed with the European Union and International Monetary Fund as part of a plan to shield banks, the Athens-based newspaper said, without saying where it got the information.

    An international company will be hired to examine the loan books, non-performing loans and provisions of Greek banks and issue a report by the end of November, Kathimerini said.

    Last Updated: June 15, 2011 02:58 EDT

    ****

    source article from Kathimerini:

    http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_07/06/2011_393906

    Sources suggest that the central bank will follow the Portuguese model, whereby banks were asked to raise their Core Tier 1 ratio by 10 percent before the end of 2012.
     
    #26     Jun 15, 2011
  7. m22au

    m22au

    #27     Jun 17, 2011
  8. m22au

    m22au

    Default coming on Thursday?

    http://www.bloomberg.com/news/2011-...d-greek-bonds-as-collateral-nowotny-says.html

    "Nowotny Signals ECB May Bend on Greece"

    European Central Bank council member Ewald Nowotny suggested the bank may compromise and allow a temporary Greek default as officials scramble to fix a sovereign debt crisis that’s spreading to Italy and Spain before a leaders’ summit in two days.
     
    #28     Jul 19, 2011
  9. m22au

    m22au

    http://www.bloomberg.com/news/2011-...reek-lenders-lower-in-early-athens-trade.html

    "National Bank Leads Greek Lenders Lower in Early Athens Trade"

    National Bank of Greece SA (ETE), the country’s largest lender, declined as much as 16 percent at the start of trading on the Athens exchange today.

    National lost 32 cents to 1.70 euros at 10:38 a.m. in Athens

    while EFG Eurobank Ergasias, the second-biggest lender, dropped 18 percent to 65 cents.

    Alpha Bank SA, the third-biggest bank, declined 17 percent to 96 cents.
     
    #29     Oct 24, 2011