|Bid||0.00 x 0|
|Ask||0.72 x 29028900|
|Day's Range||0.68 - 0.73|
|52 Week Range||0.50 - 1.04|
|PE Ratio (TTM)||7.83|
|Earnings Date||Nov 13, 2017 - Nov 17, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When Eurobank Ergasias SA, Greece’s third-biggest lender, recently went after a “strategic defaulter,” angry protesters stormed the courtroom to block its foreclosure attempt.
Shares of Greek banks have been slipping in recent weeks as the threat of multiple stress tests shine a light on the quality -- and scrutiny -- of financial assets in the struggling nation. The financial crisis in Greece and unemployment have resulted in non-performing loans, though Greek banks entered the 2008 global financial crisis with 5.5% of loan books in the NPL category, according to Reuters. In August, Reuters reported that bad loans accounted for half of Greek bank loan portfolios last year, at 106.9 billion euros, and regulators want the ratio cut to 34%.