Alpha Bank AE ADR (ALBKY)

[aekdb1262]

I anticipate that we may not have to wait that long to see some movement on this stock. By the end of the year I believe we will know, but hopefully earlier. The recapitalization analysis is due at the end of the month. Regardless of the findings, I believe that since the Greek government itself already owns a large portion of all the banks and that nationalization has been taken off the table by the economic minister we should be looking better soon.

Do you have any thoughts on the possible ADR fees that could be assessed in the future?