Replies to post #18994 on National Bank of Greece ADR (fka NBGGY)

[Smilin_B]

Can someone tell me in a nutshell, what happened to the National Bank of Greece ADR ?

Did all longs lost their money here when they pulled the listing?

[mrfence]

National Bank of Greece : Greece's NBG posts profits in first quarter, lower provisions helps

ATHENS (Reuters) - Greece's National Bank (NBG) turned profitable in January-to-March helped by lower provisions for bad loans, Greece's second-largest lender by assets said on Thursday.

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NBG, 40 percent owned by the country's bank rescue fund HFSF, reported a net profit from continued operations of 20 million euros (17.5 million pounds) versus a net loss of 60 million euros in the fourth quarter

http://www.4-traders.com/NATIONAL-BANK-OF-GREECE-1408785/news/National-Bank-of-Greece-Greece-s-NBG-posts-profits-in-first-quarter-lower-provisions-helps-26690560/

Thanks for the information. I bought back into ETE at just under .27 Euro/ .315 USD a few days ago speculating the downward sp sales pressure created by the reconciliation of 500 mil ETE shares underlying the cancelled NBGGY ADRs sold into the market, have been absorbed by the market, leaving the issue free to rise with that dark cloud behind it as your post has confirmed in my opinion.

.27 Euro is :-)