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Home Page > Finance > Investing > Pick of the year 2011

Pick of the year 2011

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Posted: Jan 23, 2011 |Comments: 0
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January 10, 2011 9:35am EST
By Dimitri Kanellopoulos, BuyActive.com
Pick of the year 2011
NEW YORK (BuyActive) – National Bank of Greece (NBG)
Here is my Pick of the year for 2011, National Bank of Greece S.A.(NBG). Surprised? When others are running away, my advice is, that’s the time to buy – it’s a steal!

Great opportunities happen almost every day in the Stock Market and 2011 will be the year to buy financial stocks. This beaten sector will see a significant increase in value.

I think NBG especially, doesn’t get the recognition it deserves and is still much undiscovered. In my opinion, anywhere around the current price level of .49 is a steal. I have been accumulating NBG stock heavily from around .00 since I recommended it as my pick of the month last March and my average price now is .83. I believe it’s one of the cheapest bank stocks in the market today.

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National Bank of Greece S.A.(NBG) could be the best long term financial stock left to buy at a great price – it’s a steal! There is no problem with National Bank of Greece S.A.(NBG)’s finances. The bank is profitable but has taken a hit in their share price due to their exposure to government bonds and the potential for funding difficulties if things get worse.

“National Bank of Greece, the oldest Greek commercial bank, heads the largest and strongest financial group in the country: The NBG Group provides a full range of financial products and services that meet the constantly changing needs of private individuals and corporate customers alike.

The Bank has 574 branches and 1,511 ΑΤΜs in Greece and 1,178 branches overseas. The Group boasts by far the largest network for the distribution of financial products and services in Greece. Overseas the NBG Group is active in 12 countries and includes 9 banks and 62 other companies.

With approximately one quarter of the market share in retail banking and a 23,7% market share in total deposits, NBG can rightly claim to be the bank of the Greek family. With a total equity of EUR 8 billion and a capital adequacy (BIS) ratio of 11.3%, the Group is a leading player in the domestic and regional markets.

The NBG Group is the first Greek financial group to successfully float its stock on the New York Stock Exchange, the world’s principal capital market. Î’y the acquisition of United Bulgarian Bank in Bulgaria (2000), Stopanska Banka in FYROM (2000), Banca Romaneasca in Romania (2003), Finansbank in Turkey (2006) and Vojvodjanska Banka in Serbia (2006), NBG aims to be the leading banking group in a market of 125 million.”

NBG has been given my highest rating with 5 stars. I am extremely confident in NBG and want to say that it is a Long Term pick. Although the stock may fluctuate, this is a stock I think should be invested in for at least 3 to 5 years.

Based on our research and experience therefore, we have come to the following conclusion.
With a peek into the future, here is my Pick of the year 2011.
National Bank of Greece S.A.(NBG)
BuyActive Rating 5 STARS
Price on January 10 2011 9:35am EST .49

National Bank of Greece S.A.(NBG) is sound financialy. When others are running away, my advice is, that’s the time to buy – it’s a steal! Investors should look to Greece with confidence in this uncertain time because the country has great potential.

Corporate Profile:

“National Bank of Greece, the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean.

Founded in 1841 as a commercial bank, NBG enjoyed the right to issue banknotes until the establishment of the Bank of Greece in 1928. It has been listed on the Athens Stock Exchange since the latter’s foundation in 1880. Since October 1999, the Bank has been listed on the New York Stock Exchange.

NBG is a financial institution legally operating subject to the Greek and the EU banking legislation, specifically the provisions, as currently applicable, of Law 2076/92 whereby the second banking directive 89/646/EEC was incorporated into Greek law.

The NBG Group provides a full range of financial products and services that meet the constantly changing needs of corporate customers and private individuals, including investment banking services, brokerage, insurance, asset management, leasing and factoring.

The Bank’s branch and ATM network, the largest in Greece (575 domestic banking units and 1,514 ΑΤΜs), effectively covers the entire country. It is developing and expanding alternative distribution channels for its products, such as Mobile and Internet banking. Today, after recent acquisitions in SE Europe the Group’s network overseas includes 1,238 units (data as at 30.09.2009).

One of the Bank’s main strengths is the confidence shown in it by its customers, who hold over 9 million deposit accounts and more than 1.5 million lending accounts with NBG.

Having reaffirmed its leading position in the Greek market, the Bank is further modernizing its operations, backed by investment in new technology, so as to better serve its customers and enhance its profitability”.

National Bank of Greece
Eolou 86, 102 32 Athens. Tel. +30 210 3341000

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