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According to the magazine, the National Bank of Greece(NBG) had undertaken initiatives in a particularly difficult economic environment to strengthen its position with the completion recently of its recapitalization while it significantly reduced its operational costs and improved its liquidity and its loan to deposits ratio.
http://english.capital.gr/News.asp?id=1836008
Euromoney: NBG best bank in Greece
http://english.capital.gr/News.asp?id=1836008
The National Bank of Greece (NBG), one of four systemic banks in the country, was named "Best Bank in Greece" by international finance magazine Euromoney, which announces the Awards for Excellence annually.
http://english.capital.gr/News.asp?id=1836008
National Bank of Greece (NBG) is named as the best bank in Greece
http://english.capital.gr/News.asp?id=1836008
NBG best bank in Greece
The National Bank of Greece, one of four systemic banks in the country, was named "Best Bank in Greece" by international finance magazine Euromoney, which announces the Awards for Excellence annually.
According to the magazine, the National Bank had undertaken initiatives in a particularly difficult economic environment to strengthen its position with the completion recently of its recapitalization while it significantly reduced its operational costs and improved its liquidity and its loan to deposits ratio.
http://english.capital.gr/News.asp?id=1836008
That's not a big concern to me ...The only thing I was worried about is the merger - which is not a concern anymore. In general, merging two such major banks is not a wise move for a country like GREECE in it's present economic situation.
Anyways, the new CFO from EU bank can be seen as a good sign IMO....time tells the true story....lets wait and see...I am fully positive that NBG will cross the $20 mark $$$$$ ....IMO
the merger is dead - "As far as the troika is concerned, the merger is dead. The tie-up of TT with Eurobank is the optimum combination. It adds to the value of Eurobank in the HFSF's portfolio in view of its reprivatisation,» the Eurobank executive said.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_15/07/2013_509324
My analysis is showing power hour rally $$$$$ today.....hold tight guys...
Most of the trades today are sizes of 100 & 200 - which for me is a price controlling mechanism....
+10% should be a very good sign for large gapper tomorrow....expecting it to close at 0.60+
May be a consolidation day...
Greek market moves up
Athens Stock Exchange moves higher on Tuesday after yesterday’a approval of aid payment from Brussels. According to the analysts, more news to come from Hellenic Postbank sale may improve further investors psychology.
Greece will get its next EU-IMF bailout payment of €2.5bn on condition that it implements austerity measures including deeper spending cuts and public sector lay-offs within 10 days. Last night?s meeting of eurozone finance ministers agreed to pay the scheduled third quarter bailout instalment of €4.8bn but broke it down into three "disbursements" linked to reforms. The first payment of €2.5bn from the eurozone will be paid after July 19 on condition that of "full implementation of the prior actions", including legislation that is passing through the Greek parliament over the next week.
Good news regarding the approval of aid payment from Brussels and positive macros are set to open higher domestic market, Beta Securities said in a morning report. Recent gains though may trigger some profit taking while the soft turnover may limit the downside level. More news to come from Hellenic Postbank sale (announcement due the end of the week) may improve further investors psychology and give stronger incentives for action.
Eurobank Equities expects light volumes to exaggerate market moves in the coming days.
Piraeus Sec. says that the market will likely test higher levels today.
On the board the General Index moves 0.42% higher at 862.87.
Turnover stands at 12.20 million euros.
http://english.capital.gr/News.asp?id=1831729
looks like Friday's trend is repeating....
going to be a big day like yesterday interms of volume - already crossed 1M in the first 25 minutes of trading. I expect to see double digit % increase today......$$$$$$....GLTY...
$4.50 tomorrow....IMO...
NBG on NYSE Top 10 "% Gainers" list.....should draw more attention tomorrow....$$$$$$
Greece to get $8.7 billion in rescue loans in coming months, even though reforms are slow
BRUSSELS — Greece passed another hurdle in its bailout program Monday, securing installments of the rescue package that is keeping the cash-strapped country afloat.
Greece's creditors approved the release of 6.8 billion euros ($8.7 billion) in funds over the next few months, provided the country sticks to the agenda of cuts and reforms it agreed in return for the bailout loans — including the firing of several thousand civil servants.
Experts from the European Central Bank, the European Union and the International Monetary Fund said Monday that the country's reform program, implemented in exchange for rescue loans, is largely on track, although it's moving too slowly. They also warned that the country's economic outlook remains uncertain.
But they still recommended that the next loan payments be made, and the finance ministers from the 17 countries that use the euro agreed. Belgian Finance Minister Koen Geens said the loans would be divided into three groups and disbursed in July, August and October.
"Greece is getting on track," German Finance Minister Wolfgang Schaeuble said as he left the meeting in Brussels. "It is not easy for them."
After years of overspending, Greece nearly went bankrupt and is now surviving on rescue loans. To ensure that the government keeps up with the reforms it promised in exchange for 240 billion euros in bailout loans, its creditors turn over the funds slowly — and only after rigorous assessments of the country's progress.
Hammered by a financial crisis since late 2009 and in the sixth year of a deep recession, Greece's creditors, known as the troika, said the country's reform program remained "broadly in line" with projections. It also laid out the hope of a gradual return to growth next year.
However, it added that "the outlook remains uncertain."
The troika said "policy implementation is behind in some areas" and that the Greek authorities have said they will do more to ensure delivery of the fiscal targets for 2013-14, noting in particular efforts to restrict overspending in the health sector.
"In short, it is time to step up the momentum of reform in Greece, support the return of confidence for the sake of sustainable growth and job creation," said the EU's monetary affairs commissioner, Olli Rehn.
Greece is stuck in a years-long recession and unemployment has spiraled to above 27 percent, in part because of the reforms and austerity measures it is implementing.
The troika said the government has also "committed to take steps to bring public administration reforms back on track," including reducing the number of civil servants, one of the measures that has been among the most contentious in Greece's reform program.
"Firing civil servants is always difficult, that is difficult in every country, certainly in such economic circumstances," said Jeroen Dijsselbloem, who is head of the eurogroup meeting and Dutch finance minister.
The government must put 12,500 civil servants on administrative leave by the end of the year, with the possibility of dismissal. They include 2,200 school security personnel; 3,500 members of the Athens municipal police, which will then be disbanded and absorbed into Greece's police force; at least 2,000 local government employees; 1,500 teachers; and employees of various ministries.
They will be paid 75 percent of their normal salary and be subject to dismissal if they aren't transferred to other state agencies within eight months.
Municipal workers across the country went on strike to protest the plan, while the country's civil servants union, ADEDY, called a work stoppage from noon for all civil servants in the capital, Athens.
The austerity reforms agreed in return for the loans, have included big salary and pension cuts as well as repeated tax hikes.
http://www.startribune.com/politics/national/214569261.html
WSTY - Saleen is back with big plans...
WSTY picking up...a@$1.01.....get ready for $2...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY gaining momentum...croseed $1....loadup now for $2 (IMO)
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - Saleen is back with big plans....loadup....$$$$$$
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY best EasyMoney....load up the cheapies...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - watch for real ride very soon...just crossed $1...Steve Saleen is back with big plans...real company ..real products...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - WSTY - WSTY - WSTY means $$$$$$$$$...just crossed $1----don't wait for $2....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - shooting up....see you at $2 next week...loadup the chepies before its too late ...$5 very soon IMO...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - crossed $1 -- $5 in the short term IMO.....low volume high potential play....Saleen is back with plans for Zero Emission car...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY..WSTY...WSTY.....low volume with high high potential...IMO $5 in the short term...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY about to takeoff...load up the cheapies....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
Don't miss the WSTY cheapies...Saleen is back
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - setting up the stage to shoot to $5 in the short term IMO....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - $1 - $5 in the shortterm IMO.....with new news on Zero Emission Vehicles
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - Working on high Performance Cars -- $$$$$$
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
Great. Do you mind sharing that with us!
I think Steve should hire people like AHP to create awareness of what WSTY and Steve are upto...
skibum, that's not a big deal...low volume could be one of the reasons for the venue change. Also, being on OTC link, Saleen can concentrate on new high performance cars rather than worrying about meeting the filing deadlines.
Corvette Stingray Premiere Edition, Saleen Return, Ford F-150 Tremor, 2014 Ram Eco-diesel, & CoW!
http://www.watchlistnews.com/2013/07/01/corvette-stingray-premiere-edition-saleen-return-ford-f-150-tremor-2014-ram-eco-diesel-cow/
WSTY---silent mover...
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY will be 5X, IMO..check it out....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY on high alert - Low volume - high potential..$$$$$$$
http://investorshub.advfn.com/W270-Inc-WSTY-26492/
WSTY - hidden treasure, IMO. Check it out.....
http://investorshub.advfn.com/W270-Inc-WSTY-26492/