NBG (National Bank of Greece) is one of the four systemic commercial banks in Greece and the largest in terms of market capitalization. It operates as commercial bank on stand-alone basis as well as via a group of companies in Greece and abroad. It possesses a workforce of over 11.8K employees. As of end 2017, the major shareholders of the Bank consisted of the Hellenic Financial Stability Fund (40.39%) and other legal and physical entities (58.61%).
National Bank of Greece is a financial institution based in Greece. Co. maintains operations in the retail banking sector, with 509 branches and one premium banking branch, and 1,448 ATMs. Co. offers its customers a range of integrated financial services, including: corporate and investment banking; retail banking (including mortgage lending); leasing and factoring; stock brokerage and asset management; insurance; and real estate and consulting services. Co. is also involved in other businesses, including hotel and property management. Co. operates in Greece, U.K., South Eastern Europe which includes Bulgaria, Romania, Albania, Serbia, as well as, in Cyprus, Malta, Egypt and South Africa.
Founded in 2002, VRS (VALUATION & RESEARCH SPECIALISTS) is an independent firm based in Athens, Greece, with presence in Europe and North America, providing advanced equity research, quality valuations and value-related advisory services to local and international business entities.
VRS is a boutique financial advisor with more than 15 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.
Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.
VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.
VRS provides corporations with services in financial restructuring, valuation of business enterprises, intangible assets and tangible fixed assets, value enhancement and strategic expansion.
VRS also assists companies involved in mergers and acquisitions and tracks the market in order to offer advice on when to make public offerings and private placements.
VRS cooperates with international organizations, banks and strategic or institutional investors.
VRS has worked with over 200 companies in Greece and internationally in financing, private placements, initial public offerings, business acquisitions and mergers.
In our sector update note we focus once again on asset quality dynamics, which remain the key challenge for Greek banks. Specifically, we discuss the recent organic progress, which remains limited due to a number of reasons outlined in this note, and which could be reversed sooner or later. Moreover we argue that despite the slow organic progress there are reasons for optimism as the secondary NPE market appears to be gaining traction while the first pricing indications are also encouraging due to strong investors’ appetite. In addition, we show that Greek bank PPI, even if weaker than previ...
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