Piraeus Upgrades National Bank Of Greece To Outperform

National Bank of Greece (ADR) (NYSE:NBG) has been upgraded from Neutral to Outperform by Piraeus Securities reflecting the bank’s improved risk/return profile.

Natasha Roumantzi of Piraeus Securities’ positive rating on NBG echoes JP Morgan Cazenove analysts' recent upgrade of NBG from Neutral to Overweight.

National Bank of Greece’s enhanced Equity Tier 1 ratio

Piraeus Securities investor report dated May 22, 2014 points out thanks to National Bank of Greece (ADR) (NYSE:NBG) concluding its recent Eur 2.5 billion SCI at Eur 2.20 per share, the bank is able to cover the capital requirements under BoG’s stress tests for both the Baseline (Eur 2.18 billion) and the Adverse...