The chart below shows the price returns (excluding dividends) of exchange-listed foreign bank stocks year-to-date. Among the top performers are Argentine banks Banco Frances(BFR) and Banco Macro(BMA). As the Indian equity market is one of the best performing market in the world this year it is not surprising to see Indian banks ICICI(IBN) and HDFC (HDB) on the top of the list.
National Bank of Greece(NBG) is the worst performing foreign bank with a loss of over 68% so far this year. In 2013 the bank implemented a reverse stock split for the second time in less than two years. On Friday the stock price closed at $1.79.
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Data Source: BNY Mellon