National Bank of Greece Watch (NBG)

Posted in pre-market 
January 13th, 2010

National Bank of Greece SA (NYSE: NBG) may already have the ongoing news priced in and it may not.  This is the largest of the Greek banks with a US ADR and is highlighted after the EU has warned Greece that its government financial data is falsified and the budget deficit may be worse than the 12.5% already estimates.  The bank has been hit before on ratings agency action news in Greece, so stay tuned.  At 8:16 AM EST the ADRs are effectively flat, but we have already seen 225,000 shares trade hands versus an average daily volume of about 918,000 shares.  The 52-week range is $2.09 to $8.37.

JON C. OGG

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