ATHENS: National Bank of Greece stock finished in the red at 3.20% as markets closed yesterday. The stock is likely to fall again today as it is down in pre-market trading by a whopping 9.09%.
The hype surrounding Greek economic reforms makes one contemplate their magnitude on the country’s crippled banking sector. Bidness Etc investigates what economic reforms will do for Greece’s largest lender, National Bank of Greece.
Investors have seen National Bank of Greece stock resting in the red for most of last year. In fact, in the past year, the stock has fallen over 76% and almost 30% in the last three months. The bank’s share price is under further downward strains as Fitch Ratings downgraded a number of banks, including Greece’s largest lender- National Bank of Greece.
