National Bank of Greece S.A.

National Bank of Greece S.A.

15.62
EUR
-0.65
(-4.02%)
1.25EPS
12.01P/E
13.39BMarket Cap
Nov 05Next Earn
National Bank of Greece S.A.
GETTEX:NAGF
(Gettex)

Recent

price

15.62

P/E

ratio

12.01

div

yld

1.42%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
9,303.99
-9,214.99
5,184.57
497.94
125.97
28.36
1.93
1.87
1.56
1.92
2.85
2.21
2.32
3.04
3.15
2.96
2.87
Revenue per Share
-838.93
-22,827.87
-3,981.01
4
3.17
-53.75
-3.34
-0.48
-0.09
-0.28
0.04
0.95
1.22
1.21
1.27
1.28
1.24
Basic EPS, GAAP
2,294.54
-764.64
-2,893.57
93.66
-258.99
-14.76
-5.43
-8.38
4.91
-2.18
11.95
7.05
1.88
-5.23
-2.74
3.49
1.24
Free Cash Flow per Basic Share
125.52
37.68
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.36
0.67
0.22
Dividend per Share
11,863.17
-8,364.96
-11,302.24
76.54
408.08
9.95
7.55
7.32
5.43
5.75
5.54
6.29
7.05
8.34
9.24
10.02
10.82
Book Value per Share
5,652.01
-13,212.59
-16,201.86
-81.11
333.53
9.79
7.4
7.18
5.26
5.53
5.23
5.9
6.58
7.77
8.55
9.24
10.02
Tangible Book Value per Share
1
1
1
9
21
79
915
915
915
915
915
915
915
915
912
908
901
Basic Weighted Avg Shares
4,728
-5,869
3,304
4,604
2,623
2,230
1,768
1,707
1,429
1,760
2,602
2,020
2,119
2,778
2,876
2,691
2,588
Sales/Revenue/Turnover
- -
- -
- -
-3.89
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
209
221
224
211
206
194
149
99
91
132
154
163
172
188
186
207
212
Depreciation Expense
-355
-14,539
-2,537
37
66
-4,227
-2,887
-443
-84
-255
33
867
1,120
1,106
1,158
1,160
1,121
Net Income, GAAP
- -
- -
- -
70.76
- -
- -
44.19
- -
200
5.45
3.14
1.88
22.77
25.02
23.47
24.87
24.33
Effective Tax Rate (%)
-7.5
247.73
-76.79
0.8
2.52
-189.55
-163.29
-25.95
-5.88
-14.49
1.27
42.92
52.86
39.81
40.26
43.11
43.32
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
4,918
3,863
4,143
4,260
5,991
1,252
673
1,197
1,414
2,681
2,218
2,230
2,949
3,069
4,265
4,460
4,500
LT Debt
8,741
-3,903
-5,792
2,616
10,466
9,824
7,587
7,379
5,638
5,277
5,085
5,772
6,475
7,652
8,452
9,083
9,726
Total Equity
- -
- -
- -
0.21
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
0.19
- -
- -
-30.14
- -
-1.51
-3.64
0.41
11.3
12.83
10.95
9.86
8.81
8.38
Return on Capital (%)
-5.42
- -
- -
- -
1.22
-45.18
-38.17
-6.51
-1.44
-4.99
0.64
16.03
18.36
15.71
14.43
13.27
12.15
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
903
899
896
Market Capitalization
11,930
11,977
13,393

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
7,466
8,319
7,412
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.27%
12.36%
7.47%
Free Cash Flow
-133.71%
-153.53%
-226.82%
Net Income, GAAP
245.33%
512.01%
0.17%
Sales/Revenue/Turnover
4.13%
2.15%
-6.43%
Total Cash Common Dividend
- -
- -
82.23%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
764
695
714
575
2,876
2025
677
684
645
530
2,691
2026
714
699
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.34
0.35
0.19
1.27
2025
0.33
0.34
0.3
0.31
1.28
2026
0.3
0.33
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.36
2025
- -
- -
- -
0.22
0.67
2026
- -
- -
- -
- -
- -
Business
National Bank of Greece S.A. operates as a full-service financial institution primarily engaged in retail, corporate, and investment banking. Its core products and services include deposit accounts, mortgage loans, consumer and small business lending, debit and credit cards, prepaid cards, bancassurance, factoring, leasing, brokerage, asset management, and real estate management. The bank serves individual customers, small-medium enterprises, and large corporates, offering a broad range of transactional banking and specialized financial asset solutions. Headquartered in Athens, Greece, and founded in 1841, the National Bank of Greece also extends its operations internationally with subsidiaries located in Cyprus and North Macedonia. Recently, the bank strategically enhanced its merchant acquiring and payment processing capabilities through a joint venture with EVO Payments, where EVO acquired a 51% interest in NBG’s merchant acquiring business, forming a collaboration to expand market share in payment technologies and card acceptance in Greece and Europe. Additionally, in 2023, National Bank of Greece acted as exclusive underwriter for a €41.7 million financing to Elsewedy Electric in Egypt, exemplifying its growing footprint in structured financing deals beyond Greece. The bank also maintains a key role in financing renewable energy projects, such as a €766 million framework agreement with HELLENiQ Energy aimed at supporting Greece's energy transition. As of 2025, NBG manages significant volumes of deposits and loans within Greece, reinforcing its position as a pillar of the national economy while continuing to invest in digital banking services that support over 3 million active digital customers. The bank’s business segments consist of retail banking, corporate & investment banking, global markets & asset management, insurance products, international banking operations, and specialized asset units. It targets retail clients, SMEs, large corporates, and institutional investors, operating predominantly in Greece but also in Southeastern Europe, the United Kingdom, Romania, Bulgaria, Malta, Egypt, and Luxembourg. Major recent operational developments include a €200 million interim dividend distribution to shareholders in 2025 and continued emphasis on expanding digital banking innovation. The National Bank of Greece remains a critical financial institution in the region with a diverse portfolio of banking and financial services complemented by strategic partnerships and a focus on sustainable financing.

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