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The Most Profitable Greek Companies
The 13 most profitable publicly-listed companies in Greece that made it to the Forbes Global 2000 list for this year are listed below:
[TABLE=496]
Source: Forbes
National Bank of Greece(NBG) topped the ranking with profits of $2.15B. It is interesting to note that Coca Cola’s local division appears among the top five and seven banks are in this list of thirteen highly ranked powerful Greek companies.
The Top 20 Greek Companies by Market Capitalization
The FTSE/ATHEX 20 Index is composed of the 20 largest Greek blue chip companies that are listed in the Athens Stock Exchange.The constituents in this index are selected based on the market capitalization.
The Components of the FTSE/ATHEX 20 Index as of May, 2015 are:
| S.No. | Name |
|---|---|
| 1 | Alpha Bank A.E |
| 2 | Corinth Pipeworks SA |
| 3 | Ellaktor |
| 4 | Eurobank Properties Reic |
| 5 | Folli Follie SA |
| 6 | Frigoglass SA |
| 7 | HEL Petroleum SA |
| 8 | Hellenic Exchanges SA |
| 9 | Hellenic Telec ORG NAM |
| 10 | Intralot S.A. |
| 11 | Jumbo SA |
| 12 | Marfin Investment Group |
| 13 | Metka SA |
| 14 | Motor OIL (HELLAS) Refineries |
| 15 | Mytilineos Holdings SA |
| 16 | National Bank |
| 17 | Opap SA |
| 18 | Piraeus Bank |
| 19 | PPC SA |
| 20 | Terna Energy |
| 21 | Titan Cement CO |
| 22 | Viohalco S.A. |
Note: Index Data as of May 25, 2015
Source: Euroinvestor
FTSE/ATHEX 20 Five Year Performance Chart:
Some of the index constituents available as sponsored ADRs are National Bank of Greece(NBG) and Alpha Bank(OTC: ALBKY).
There is no country specific ETF for Greece in the US markets.The Lyxor MSCI Greece ETF trades on the Euronext Paris with ticker GRE. This ETF tracks the MSCI Greece index.
Related Links:
- The Full List of Greek ADRs (TFS)
- Should You Invest in National Bank of Greece ADR After 2nd Reverse Split ? (May 2013, TFS)
- Avoid National Bank of Greece After Reverse Split (Nov, 2011, TFS)
- How Much Did National Bank Of Greece Stock Fall In The Past 5 Years? (Oct, 2014, TFS)
The Top 10 Greek Banks by Assets
The Top 10 banks in Greece based on assets held is listed below. The $141 billion bailout package put together by European Union and the International Monetary Fund should help Greece from bankruptcy. Germany is expected to contribute $28b to this bailout fund and the plan has been approved the German parliament.
One of the main areas that will get the attention of Greek regulators and politicians is the country’s banking system since a sound banking system is the backbone of any economy. Hence investors are currently interested in evaluating the Greek bank stocks as they may rebound sharply from current levels.
The Top 10 Greek Banks by Assets Held:
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Source: Highlights of the Greek banking sector 2008-2009, Deloitte
National Bank of Greece (NBG) closed at $2.67 on Friday. The 52-week high is $8.37.On April 30th, S&P maintained its”Sell” recommendation of NBG. Alpha Bank (OTC: ALBKY) ended at $1.80. However this year Greek banks are projected to have improved deposit margins. Other banks that trade as Unsponsored ADRs include Agricultural Bank of Greece S.A. (OTC: ABGEY), EFG Eurobank Ergasias S.A. (OTC: EGFEY), Marfin Popular Bank Public Co. Ltd. (OTC: MYPSY) and TT Hellenic Postbank (OTC: TTHPY).
