Replies to post #18962 on National Bank of Greece ADR (fka NBGGY)

[chrisgold]

Nice Article, All banks are undervalued and oversold and selling at fraction of their Book values may be due to political uncertainty or NPL's etc nice details by the author. gl

[Chriss777]

Honestly, I don't know. If you read this recent article the writer theorizes it could take 10 years before the NPL's are reduced to acceptable levels. It's hard to know what exactly is going to happen with Greece. The good thing I suppose is that it's on track, however slowly that may be, to improving its economic condition.

http://www.ekathimerini.com/227530/article/ekathimerini/business/greek-banks-need-a-decade-to-cut-npls-to-5-pct