Replies to post #9309 on National Bank of Greece ADR (fka NBGGY)

[PeanutBuddaJamm]

I think the reduction from 4 to 2 banks vs. client increase is all relative and doesn't create more business for the new banks per say. It all comes out as a wash in that regard. Same number of accounts merged into one location instead of two. Is Piraeus bank publicly traded? I've never checked. If not, it's the only way I could see NBG pps benefit from the merger. It would be new business into an existing ticker. Otherwise, we may actually see a slight drop in pps from a merger - at first. JMO