For the optimists who bought today in the .70's, take the 50 day moving average of the stock and divide it by two. This number reflects the price the shares of the company will be offered at in an effort to raise the bank's capital to the new level requied by the troika. If the bank does not raise the required 10% of capital from private investors (i.e. You and I) . The bank will be nationalized. This will be devastating to investors. Be prepared to lose your money. NBG was in the sh*# before the economic crisis.
If a bank no longer meets the capital requirements to continue to operate as a bank, and cannot acquire the necessary funds from private investors there will be two options. 1. Close. 2. The government props the bank up by taking a large stake. (at a deep discount of course.) Which of those scenarios is more likely?