Replies to post #13456 on National Bank of Greece ADR (fka NBGGY)

[rocco2]

NBG will not get 3.5 billion. Hope for 3 billion, but still a substancial number
Further re-rating from Finansbank Sale

The major event for the re-rating NBG common shares is the sale of Finansbank expected to close next year. The sale will be capital accretive for NBG since it accounts for about 1/3 of NBG's RWAs. From the sale proceeds, NBG will be able to repay state aid provided in the form of CoCos, which will remove some of the overhang and the bank will be well capitalised relative to peers at a 19% CET1 which may result in further multiple expansion and price appreciation of the common shares.

This will help PPS big time imo when it gets priced in

$NBG