National Bank of Greece (ADR) (NYSE:NBG)
About National Bank of Greece (ADR) (NYSE:NBG) National Bank of Greece S.A. (the Bank) is a Greece-based financial institution. It offers a range of integrated financial services, including corporate and investment banking, retail banking (including mortgage lending), leasing, stock brokerage, asset management and venture capital, insurance, real estate and consulting services. In addition, the Company is involved in various other businesses, including hotel and property management, real estate and information technology (IT) consulting. On June 30, 2009, NBGLuxemburg Holding S.A. and NBGLuxfinance Holding S.A. were merged to NBGAsset Management Luxemburg S.A. On January 18, 2010, the Bank acquired 35%of the share capital of AKTOR FM. On October 16, 2009, United Bulgarian Bank A.D. (UBB) established UBB Factoring E.O.O.D.,a wholly owned subsidiary of UBB. On September 15, 2009, the Bank disposed of its investment in Phosphoric Fertilizers Industry S.A.
52 week range
$1.48 - $4.68
Financials National Bank of Greece (ADR) (NYSE:NBG) generated net income of $113.30 million in current quarter it was $124.72million in last quarter’s ending. Moreover, EPS in current quarter has gone down and it stands at negative 0.3 which is not a good sign for the investors. The company’s cash flow from operations (CFO) has decreased to $6.21 billion from last quarter’s ending cash flow of $5.20 billion. This shows company is producing more cash than its expenses through its core businessunits which is a good sign for the investors. Total assets of company mount up to $123.51 billion as of September 30, 2010 that is 1.99%greater than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually increasing which depicts that company is going to have fewer funding liquidity problems and more funds would be available to invest in future profitable opportunities.
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