Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research National Bank of Greece S.A.

Summary: National Bank of Greece S.A.

Published Oct 29, 2010

1903 words — Published Oct 29, 2010

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About This Report

Abstract:

The ratings on the National Bank of Greece S.A. (NBG) reflect heightened economic and industry risks in its home banking market posed by developments in the sovereign creditworthiness of NBG's country of domicile (Hellenic Republic; BB+/Negative/B). They also reflect Standard&Poor's Ratings Services view of NBG's dominant position in Greece's financial system, its increased geographic diversification, and enhanced capitalization. The ratings are constrained by the bank's greater credit risk than that of its Western European peers and the rapidly increasing imbalances in its funding profile. NBG provides universal banking services in Greece and is the largest financial institution in Greece, with assets of €122 billion as of June 30, 2010. The bank enjoys a strong domestic franchise and serves

Brief Excerpt:

RESEARCH Summary: National Bank of Greece S.A. Publication date: 29-Oct-2010 Primary Credit Analyst: Angela Cruz, Madrid (34) 91-389-6945; angela_cruz@standardandpoors.com Secondary Contact: Luigi Motti, Madrid (34) 91-788-7234; luigi_motti@standardandp...

Report Type:

Summary

Ticker

ETE@GA

Issuer

National Bank of Greece S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Greece

Region

Europe, Middle East, Africa

Format:

HTML

Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative – 2010/12/02 – US$ 150.00

Greek Banks Placed On CreditWatch Negative Following Similar CreditWatch Action On The Hellenic Republic – 2010/12/03 – US$ 150.00

Bulletin: National Bank of Greece And Alpha Bank Ratings Unaffected By NBG's Proposed Friendly Merger Between The Two Banks – 2011/02/22 – Free

Credit Notice: S&P To Assess The Credit Impact Of Its Downgrade Of Greece On Four Greek Banks And One Subsidiary – 2011/03/29 – US$ 150.00

Four Greek Banks Downgraded To 'B+' After Greece Downgrade And BICRA Review; All Ratings Still On Watch Negative – 2011/03/31 – US$ 150.00

National Bank of Greece S.A. – 2010/10/29 – US$ 500.00

Summary: National Bank of Greece S.A. – 2010/03/23 – US$ 225.00

National Bank of Greece S.A. – 2009/07/17 – US$ 500.00

Summary: National Bank of Greece S.A. – 2009/07/17 – US$ 225.00

Negative Rating Actions Taken On Seven Greek And Cypriot Banks Following Review – 2009/05/04 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: National Bank of Greece S.A." Oct 29, 2010. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-National-Bank-of-Greece-S-A-828619>

APA:	S&P Global Ratings’ Credit Research. (). Summary: National Bank of Greece S.A. Oct 29, 2010. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-National-Bank-of-Greece-S-A-828619>

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