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National Bank of Greece S.A. Message Board

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  • clarkpetersen1944 clarkpetersen1944 Jul 22, 2009 3:19 PM Flag


    You must be a new investor, since the last 3 months. It's old news now, but NBG took a capitalization loan from the Greek government due to the global financial crisis, one condition of which is that NBG will pay no dividends like they used to (50 percent of net income payout ratio) for all of 2009, probably none at all. We don't know how soon Arapoglou will repay that capitalization loan and restore dividends, but probably in 2010 due to the fact that Turkey (Finansbank in Turkey is a subsidiary of NBG) is going to help in Iraq's reconstruction. Portfolio 01.