Its stock is under further pressure today (13/6). National Bank on Athens Stock Exchange, something that justifiably affects the whole board.
This is the nature that the title of the bank, about 2.30 in the afternoon, less than 2%as a result of that he “fights” to protect their psychological level 8 euros.
On the plus side, however, the continued decline is accompanied by a very low turnover, since € 3.4 million worth of shares have been sold so far, which is only + 20% of the average in 2024.
The scenarios for placement
Current pressures are estimated to be related to information about transfer decisions for the next place of the Financial Stability Fund in the near future autumn – and not in the summer, as estimated by the market.
These scenarios contribute to the image of volatility and nervousness, which the stock markets have presented in recent weeks – and especially after the result of European elections.
Remember that the government of Greece is still owns 18.39% in the share capital of NBG, as last November it was decided to make available to the public who invested 22% – of 40% controlled by HFSF until last year.
Now, therefore, the National Team is WHAT from a total of four systemic banks in the country, where the public continues to have a presence in the share register.
30% rally in 2024
In any case, despite the current losses, the stock of Ethniki continues to register a rally of almost 30% in 2024, with a stock exchange amount of more than 7.3 billion euros.
In fact, on May 20, the listed company rose to 8.5 euroswhich consists of higher level in 2024 but also in the last 8.5 years.
Based on data from Bloomberg, Ethniki’s current price in AHE corresponds to an index of profit multiplication. P/E at 6.1x and book value ratio P/BV at 0.92x.
Dividend
The management of the bank, after the approval of the supervisory authorities, decided to distribute dividend of 332 million euros or 0.36 euro per share, which is equivalent to 30% rate of income in 2023.
Final approval will be given to annual regular General Assemblyscheduled for the next few weeks.