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Security Profile
- Security Type
- Bank Holding Company
- CUSIP
- 633643408
- Market Cap
- Large Cap · $4 Billion
- ADR Ratio
- 5:1
- Previous Symbol
- NBG (changed 12/3/2015)
Business: National Bank of Greece SA (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. The Bank's branch and ATM network in Greece is comprised of 570 banking units and 1,472 ATMs, throughout the country. After acquisitions in SE Europe and Eastern Mediterranean, the Bank’s network overseas includes 1,189 units. On February 20, 2013, the Company acquired a 84.35% stake in Eurobank Ergasias SA.
Notes: Dec. 3, 2015 -- National Bank of Greece S.A. (NBG) had a 1-for-15 American Depositary Share (ADS) split, in which each outstanding ADS of NBG will automatically be converted into one-fifteenth (approximately 0.066667) of an ADS of New National Bank of Greece S.A.. The ex-date for the reverse ADS split will be Thursday, December 3, 2015. Trading in the American Depositary Shares of National Bank of Greece S.A. resumed today, Thursday, December 3, 2015, on the Other-OTC Market under the symbol NBGGY. ______________ November 30, 2015 -- American depositary receipts of National Bank of Greece S.A. NBG are in the process of being delisted, as announced by the NYSE on Nov 27. The move comes on the heels of nearly a 14% value decline on Friday and a year-to-date slump of 91%. The NYSE initiated the proceedings to delist the American Depositary Shares (each representing one ordinary share) trading under the ticker symbol NBG as well as American Depositary Shares, Series A (each representing one Non-Cumulative Preference Shares, Series A) trading under the ticker symbol NBG PRA. The ADRs were suspended immediately. Reasons for Delisting. While the year-to-date plunge of 91% was a major factor, the exchange stated that the National Bank of Greece is no longer suitable for listing based on abnormally low prices of the ADRs, pursuant to Section 802.01D of the NYSE Listed Company Manual. Also, the bank failed to meet the trading standards and also failed to cross the $1.00 mark since mid-July, resulting in the NYSE’s determination to delist the bank’s ADRs.______________May 30, 2013 -- 1 for 10 Reverse Stock Split _________November 25, 2011 -- 1 for 5 reverse stock split
Company Contact
- CEO
- Alexandros Georgios Tourkolias
- CFO
- Panagiotis P. Chatziantoniou
- Investor Relations
- ir@nbg.gr