There was a recent release of Program I by National Bank Of Greece (ADR) (NYSE:NBG) and has been rated as B+. It has been given an updated outlook of ‘Stable’ from the earlier ‘Negative’ outlook. There has been overall positive news from the earnings side for National Bank Of Greece (ADR) (NYSE:NBG).
Raising money in Greece
For past two or three years to raise money in Greece has become very difficult. By the mid of year 2013, there were only four major banks that were able to raise 10% of their capital needs with the help of private investors. In all this National Bank Of Greece (ADR) (NYSE:NBG) just made their way marginally by touching the minimum private capital sourcing. There is a difference in the situation today as National Bank Of Greece has to come up with 2.2 billion Euros as an additional capital.
The limitations of U.S investors
There are a lot of limitations for the investors in U.S to put their investments in Greece. The major reason is the small number of Greek companies on major U.S exchanges. To get larger investment options, the investor can open an account with greater reach to international trading. There are few platforms that allow trading on the Frankfurt Stock Exchange. This exchange has a few more Greek companies added to it. To get even more options an account with a reach to Athens Stock Exchange can be a major benefit. If the investment needs to be done within U.S then investing in the National Bank Of Greece (ADR) (NYSE:NBG) is a better option. To get more exposure of the Greek stocks across the major industry segments, the Global X FTSE Greece 20 ETF has many of them.
Source: NYSEPOST
