The Greek people elected PM Alexis Tsipras of the left-wing SYRIZA party in the recent election. Since his election, he has canceled some of the austerity programs and has reinstated certain laid public workers such as street cleaning ladies.Greece is without a doubt on a collision course with its creditors.According to one report, Greece owes some €315bn …
Continue reading ‘On the Performance of Greek Bank Stocks Year to Date’ »
Greece is on the southern end of Europe and has an archipelago of 2,000 islands. The economy is a medium size economy in Europe with an estimated GDP of $267.0 billion based on Purchasing Power Parity. Greece has democracy as the political system and a free market capitalist economy. One of the major negative factors …
The equity market in Greece plunged last week. In just 3 days the benchmark index fell over 14% including 9% on Oct 15th. The Athens Stock Exchange General Index is down over 19% as of Oct 17. Greece was the main focus of the world a few years ago when the country’s economy was on the verge …
Continue reading ‘How Much Did National Bank Of Greece Stock Fall In The Past 5 Years?’ »
National Bank of Greece (NBG) has implemented a reverse split for the 2nd time in less than two years. In November, 2011 when the reverse split went into effect in the ratio 1:5 I noted that investors may want to avoid the stock. On May 30th, the bank reverse split the ADR again. This time they …
Continue reading ‘Should You Invest in National Bank of Greece ADR After 2nd Reverse Split ?’ »
National Bank of Greece (NBG) implemented a reverse split on its ADR in the ratio of 1:5 effective November 25, 2011. From the announcement released by BNY Mellon: National Bank of Greece has announced a change in the current ratio on its existing ADR program. The current ratio will change from five (5) ADSs representing …
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