National Bank of Greece ADR (fka NBGGY)

[Miracleman 1]

Understood. There will be adjustments on Bonds and Notes. Banks will be required to comply with the bail-in requirements, though not yet announced. My opinion, consolidation of banks soon coming. Maybe from 4 to 2 banks. Naturally, there will be increased efficiencies in Greece banking systems and a higher clientele base for the fewer banks that will remain. From the standpoint of dilution, I see more dilution as highly likely but an offset to an increased efficiency and clientele basis that will drive profits upward. There's a tradeoff going to happen. Long story short, pps increases with NBG.