National Bank of Greece (ETE.AT) Stock Price

National Bank of Greece Price

Athens·CLOSED
17.50EUR-0.18 (-1.02 %)
Market closed

Revenue has compounded at 0.9% per year over the past 19 years to 2.98 B EUR. Earnings per share have declined at 30.3% per year over the last 19 years. National Bank of Greece's net margin stands at 38.9%, up from 1.2% several years earlier. National Bank of Greece currently offers a dividend yield of about 2.08%. The payout ratio is around 29% of earnings. Analysts set a median price target of 14.14 EUR, implying 19.2% below the current price. Of 20 analysts, 16 rate the stock a buy — an overall Buy consensus. The stock trades about 50% above its 52-week low.

National Bank of Greece stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of National Bank of Greece over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how National Bank of Greece stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing National Bank of Greece's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

National Bank of Greece Stock Price History
DateNational Bank of Greece Price
9/14/202617.50 EUR
9/11/202617.68 EUR
9/10/202617.34 EUR
9/9/202617.28 EUR
9/8/202617.60 EUR
9/7/202617.93 EUR
9/4/202617.55 EUR
9/3/202617.38 EUR
9/2/202616.83 EUR
9/1/202616.83 EUR
8/31/202616.88 EUR
8/28/202616.95 EUR
8/27/202616.79 EUR
8/26/202616.90 EUR
8/25/202616.61 EUR
8/24/202616.44 EUR
8/21/202616.33 EUR
8/19/202616.35 EUR
8/18/202616.33 EUR
8/17/202616.52 EUR
8/14/202616.16 EUR
8/13/202616.01 EUR
8/12/202616.25 EUR
8/11/202616.20 EUR
8/10/202616.22 EUR
8/7/202616.49 EUR
8/6/202616.34 EUR
8/5/202616.36 EUR
8/4/202616.47 EUR
8/3/202616.41 EUR
Access this data via the Eulerpool API

National Bank of Greece Revenue, Pre-Provision Profit, Net Income

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Revenue
Pre-Provision Profit
Net Income
Details
Date
Revenue
Pre-Provision Profit
Net Income
Jan 1, 2022
2.67 B EUR
1.37 B EUR
1.12 B EUR
Jan 1, 2023
2.88 B EUR
1.75 B EUR
1.11 B EUR
Jan 1, 2024
2.98 B EUR
1.70 B EUR
1.16 B EUR
Jan 1, 2025 (e)
2.72 B EUR
0.00 EUR
1.24 B EUR
Jan 1, 2026 (e)
2.87 B EUR
0.00 EUR
1.30 B EUR
Jan 1, 2027 (e)
3.13 B EUR
0.00 EUR
1.49 B EUR
Jan 1, 2028 (e)
3.33 B EUR
0.00 EUR
1.64 B EUR
Jan 1, 2029 (e)
3.35 B EUR
0.00 EUR
1.50 B EUR

National Bank of Greece Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 14, 2026, 9:20 PM
 
REVENUEB EUR
REVENUE GROWTH%
Net Interest IncomeB EUR
Non-Interest IncomeB EUR
Loan Loss ProvisionsB EUR
Pre-Provision Profit (PPOP)B EUR
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201420152016201720182019202020212022202320242025e2026e2027e2028e2029e
3.963.262.502.151.712.142.962.292.823.403.672.722.873.133.333.35
-43.07-17.58-23.47-13.89-20.3625.1037.98-22.5223.1820.528.03-25.995.708.776.530.54
2.001.771.651.531.111.191.181.211.372.262.36
1.060.880.530.370.380.701.570.931.300.620.62
2.103.590.700.790.310.370.670.070.220.270.18
0.29-0.020.740.650.310.621.090.871.371.751.70
0.07-3.10-3.06-0.44-0.09-0.260.030.871.121.111.161.241.301.491.641.50
-92.36-4,798.48-1.48-85.50-79.01174.19-112.942,527.2729.18-1.254.706.994.5214.839.95-8.26
0.360.670.670.67
86.11
1.4078.60914.60914.60914.60914.50914.50914.60914.70914.62912.20912.20912.20912.20912.20912.20
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales National Bank of Greece generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue National Bank of Greece retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare National Bank of Greece's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares National Bank of Greece has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against National Bank of Greece's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

National Bank of Greece stock margins

The National Bank of Greece margin analysis displays the gross margin, EBIT margin, as well as the profit margin of National Bank of Greece. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for National Bank of Greece.
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Cost-Income Ratio
Profit margin
Details
Date
Cost-Income Ratio
Profit margin
Jan 1, 2020
60.52 %
1.20 %
Jan 1, 2021
59.34 %
40.48 %
Jan 1, 2022
48.61 %
41.95 %
Jan 1, 2023
39.32 %
38.42 %
Jan 1, 2024
43.02 %
38.89 %
Jan 1, 2025 (e)
0.00 %
45.57 %
Jan 1, 2026 (e)
0.00 %
45.06 %
Jan 1, 2027 (e)
0.00 %
47.56 %

National Bank of Greece Revenue per Share, Earnings per Share

The National Bank of Greece earnings per share therefore indicates how much revenue National Bank of Greece has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
Earnings per Share
Jan 1, 2020
3.01 EUR
0.04 EUR
Jan 1, 2021
2.34 EUR
0.95 EUR
Jan 1, 2022
2.92 EUR
1.22 EUR
Jan 1, 2023
3.15 EUR
1.21 EUR
Jan 1, 2024
3.26 EUR
1.27 EUR
Jan 1, 2025 (e)
2.97 EUR
1.36 EUR
Jan 1, 2026 (e)
3.14 EUR
1.42 EUR
Jan 1, 2027 (e)
3.42 EUR
1.63 EUR

National Bank of Greece business model & stock analysis

The National Bank of Greece SA was founded in 1841 and is one of the oldest banks in Greece. It is headquartered in Athens and is a significant player in the Greek banking sector. The business model of the National Bank of Greece SA includes various business areas. These include retail banking, corporate banking, investment banking, and private banking. These business areas offer various financial products such as loans, deposits, and securities. In retail banking, the National Bank of Greece SA offers various services such as current accounts, cards, insurance, retirement plans, and online banking. It has a large network of branches and offices in Greece, providing comprehensive customer care. In corporate banking, the National Bank of Greece SA focuses on small and medium-sized enterprises as well as large customers. It offers tailored financing solutions and support for expansion into foreign markets. In investment banking, the National Bank of Greece SA assists clients with capital raising and structuring, as well as M&A transactions. It is also active in securities trading, particularly in stocks and bonds. In private banking, the National Bank of Greece SA provides comprehensive wealth management services to its clients. It focuses on high-net-worth individuals who require personalized investment strategies. In addition to these main business areas, the National Bank of Greece SA is also active in other sectors such as asset and fund management, as well as mortgage loans. The National Bank of Greece SA has experienced a turbulent history in recent years. Due to the international financial crisis and the debt problem in Greece, it faced a difficult financial situation. The bank had to seek state support and implement a strict restructuring plan. This resulted in a reduction in the balance sheet size and a focus on core business areas. In 2019, the National Bank of Greece SA improved its capital structure and reduced its debt. The bank focused on digitization and expanded its online banking offering. It also advanced its business expansion in the Balkan countries. In summary, the National Bank of Greece SA is an important bank in Greece. It offers a wide range of financial products and has focused on core business areas in recent years. Despite some difficulties in the past, it has established a strong market position and aims for expansion into new business areas and countries.

National Bank of Greece SWOT Analysis

Strengths

1. Established Presence: National Bank of Greece SA is one of the largest and most well-known banks in Greece, enjoying a strong market position and an extensive branch network.

2. Diverse Product Portfolio: The bank offers a wide range of financial services, including retail and corporate banking, investments, insurance, and asset management, providing customers with comprehensive solutions.

3. Strong Customer Base: National Bank of Greece SA serves millions of customers, both individuals and businesses, building long-term relationships and benefiting from a loyal and diverse client base.

4. Financial Stability: Despite facing challenges in the past, the bank has implemented solid financial risk management practices and been able to maintain stability, instilling confidence in its stakeholders.

Weaknesses

1. Vulnerability to Economic Conditions: The bank's performance heavily relies on the overall economic situation in Greece, making it susceptible to downturns and volatility in the market.

2. Non-Performing Loans: National Bank of Greece SA had to deal with a significant amount of non-performing loans, which have an impact on its profitability and require adequate provisions to be made.

3. Regulatory Compliance Challenges: Stricter regulatory requirements in the banking industry demand ongoing investment in compliance measures, which can pose operational and cost challenges for the bank.

Opportunities

1. Digitization and Technological Advancements: Embracing digital transformation can enable the bank to enhance customer experience, streamline operations, and improve efficiency in the competitive banking landscape.

2. Expansion and Diversification: Exploring opportunities for expansion into new markets and segments, both geographically and in terms of services offered, can generate additional revenue streams and reduce dependency on the domestic market.

3. Growing Demand for Sustainable Finance: By promoting sustainable finance practices, the bank can tap into the increasing demand for environmentally and socially responsible investments, gaining a competitive edge in the market.

Threats

1. Economic Instability: Greece's economic conditions remain uncertain, with ongoing challenges such as high levels of public debt and political uncertainties, which can impact the bank's performance and profitability.

2. Intense Competition: The banking sector in Greece faces intense competition, with both domestic and international players vying for market share, putting pressure on margins and requiring continuous innovation.

3. Changing Customer Preferences and Behavior: Evolving customer expectations, preferences, and increasing adoption of digital banking channels may require significant investments in technology and customer-centric strategies to remain competitive.

4. Legal and Regulatory Changes: The bank needs to stay vigilant regarding changes in banking regulations and comply with stringent measures, ensuring it meets all legal obligations and manages associated risks effectively.

National Bank of Greece Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

National Bank of Greece historical P/E ratio, EBIT multiple, and P/S ratio

National Bank of Greece annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

National Bank of Greece shares outstanding

The number of shares of National Bank of Greece was 912.2 M in 2025. This indicates how many shares National Bank of Greece is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
914.50 M Stocks
Jan 1, 2021
914.60 M Stocks
Jan 1, 2022
914.70 M Stocks
Jan 1, 2023
914.62 M Stocks
Jan 1, 2024
912.20 M Stocks
Jan 1, 2025 (e)
912.20 M Stocks
Jan 1, 2026 (e)
912.20 M Stocks
Jan 1, 2027 (e)
912.20 M Stocks

National Bank of Greece stock splits

In National Bank of Greece's history, there have been no stock splits.

National Bank of Greece Dividend History

18 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.67EUR 82.6%
Jun 3, 20250.44EUR 21.9%1/2
Nov 10, 20250.22EUR 50.2%2/2
20240.36EUR 99.9%
2008600.00EUR 58.4%
20071,442.31EUR 0.0%
20061,442.31EUR 66.7%
2005865.38EUR 20.0%
2004721.15EUR 58.9%
2003453.87EUR 59.1%
20021,109.47EUR 0.9%
20011,099.38EUR 99.6%

National Bank of Greece dividend history and estimates

In 2025, National Bank of Greece paid a dividend amounting to 0.67 EUR. Dividend means that National Bank of Greece distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2005
865.38 EUR
0.00 EUR
0.00 EUR
Jan 1, 2006
1,442.31 EUR
0.00 EUR
0.00 EUR
Jan 1, 2007
1,442.31 EUR
0.00 EUR
0.00 EUR
Jan 1, 2008
600.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2024
0.36 EUR
0.00 EUR
0.00 EUR
Jan 1, 2025
0.67 EUR
0.00 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
0.67 EUR
0.00 EUR
Jan 1, 2027 (e)
0.00 EUR
0.67 EUR
0.00 EUR

National Bank of Greece dividend payout ratio

In 2025, National Bank of Greece had a payout ratio of 49.09%. The payout ratio indicates the percentage of the company's profits that National Bank of Greece distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
29.25 %
Jan 1, 2021
29.12 %
Jan 1, 2022
29.02 %
Jan 1, 2023
28.94 %
Jan 1, 2024
28.69 %
Jan 1, 2025 (e)
49.09 %
Jan 1, 2026 (e)
46.99 %
Jan 1, 2027 (e)
40.92 %

Current National Bank of Greece forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.12 %
Buy
80.00 % (16)
Hold
20.00 % (4)
Sell
0.00 % (0)
12M Price Target
14.14
Last Price
17.46
Currency
EUR
12M Return Potential
-18.99 %
LTM Return
0 %

National Bank of Greece Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/21/20240.34EUR-696.64 MEUR-2024 Q1
3/12/20240.35EUR-727.53 MEUR-2023 Q4
7/27/20230.14EUR-398.05 MEUR-2023 Q2
5/25/20230.13EUR-389.17 MEUR-2023 Q1
3/14/20230.09EUR-374.79 MEUR-2022 Q4
11/10/20220.10EUR0.15EUR408.10 MEUR-2022 Q3
8/1/20220.09EUR0.21EUR430.95 MEUR-2022 Q2
5/27/20220.23EUR0.39EUR469.58 MEUR-2022 Q1
3/16/20220.10EUR0.11EUR386.89 MEUR-2021 Q4
8/6/20210.04EUR0.02EUR333.46 MEUR-2021 Q2

EESG©

Eulerpool ESG Scorecard© for the National Bank of Greece stock

95/100
94
Environment
99
Social
91
Governance
E

Environment

20
Scope 1 - Direct Emissions1,597
Scope 2 - Indirect emissions from purchased energy19,761
Scope 3 - Indirect emissions within the value chain14,140,886
Total CO₂ emissions21,358
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees54.06
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

National Bank of Greece shareholder structure

% Name
4.54660%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
3.40994%
MFS Investment Management
MFS Investment Management
3.13620%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.93040%
Principal Global Investors (Equity)
Principal Global Investors (Equity)
1.53679%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.29051%
Columbia Threadneedle Investments (UK)
Columbia Threadneedle Investments (UK)
...

National Bank of Greece Beneficial Ownership Filings (SEC 13D/G)

Free Float
91.1%
Float Shares
-
Shares Outstanding
-

National Bank of Greece Executives and Management Board

25 members · avg. age 60 · 28 % women

PM

Mr. Pavlos Mylonas (66)

Chief Executive Officer, Executive Board Member · since 2014

590,000.00 EUR

Management

CC

Mr. Christos Christodoulou (48)

General Manager, Group Chief Financial Officer, Member of the Executive Committee

SM

Mr. Stratos Molyviatis (54)

General Manager, Group Chief Operating Officer, Member of the Executive Committee

IV

Mr. Ioannis Vagionitis (64)

General Manager, Group Risk Management (Chief Risk Officer), Member of the Executive Committee

CD

Ms. Chara Dalekou (53)

General Manager - Group Marketing, Member of the Extended Executive Committee

EH

Ms. Evi Hatzioannou (46)

General Manager - Group Human Resources, Member of the Executive Committee

VK

Mr. Vassilis Karamouzis (47)

General Manager - Corporate and Investment Banking at National Bank of Greece, Member of the Executive Committee

Board of Directors

CT

Mrs. Christina Theofilidi (57)

General Manager - Retail Banking, Executive Director, Member of the Executive Committee · since 2018

1.36 M EUR
PH

Prof. Gikas Hardouvelis (69)

Non-Executive Chairman of the Board of Directors

330,000.00 EUR
MK

Mr. Matthieu Kiss (68)

Independent Non-Executive Member of the Board of Directors

171,100.00 EUR
AM

Ms. Anne Clementine Marion-Bouchacourt (67)

Independent Non-Executive Member of the Board of Directors

171,100.00 EUR
CP

Mr. Claude Piret (73)

Independent Non-Executive Member of the Board of Directors

171,100.00 EUR
WR

Mr. Wietze Reehoorn (62)

Independent Non-Executive Member of the Board of Directors

171,100.00 EUR

Frequently asked questions about National Bank of Greece

The business model of National Bank of Greece SA primarily revolves around offering a wide range of financial services and banking products. As one of the largest and oldest banking institutions in Greece, National Bank of Greece SA provides services such as retail banking, corporate and investment banking, asset management, and treasury. The bank aims to cater to the diverse financial needs of individuals, businesses, and institutions, offering solutions like loans, deposits, insurance, investment options, and other tailored financial products. National Bank of Greece SA endeavors to deliver quality services, foster economic growth, and support the development of Greece's banking sector.

National Bank of Greece SA is primarily active in the banking and financial services industry.

The main competitors of National Bank of Greece SA in the market include Piraeus Bank, Alpha Bank, and Eurobank Ergasias.

The National Bank of Greece SA, commonly known as NBG, is one of the oldest and largest financial institutions in Greece. It was established in 1841 as the country's first bank and has since played a significant role in Greece's economic development. NBG has a strong presence both domestically and internationally, offering a wide range of financial services and products to individuals, businesses, and institutional clients. Over the years, the bank has undergone various mergers, acquisitions, and expansions, solidifying its position as a leading player in the Greek banking sector. NBG's rich history and extensive experience make it a trusted and reliable financial partner for customers seeking integrated banking solutions in Greece.

Some significant milestones achieved by the National Bank of Greece SA include its establishment in 1841 as the first bank in Greece, its expansion and acquisition of various other financial institutions, its listing on the Athens Stock Exchange in 1880, and its growth as one of the largest banking groups in Southeastern Europe. The bank played a crucial role in the development of Greece's economy and financial sector, providing various financial services to individuals, businesses, and the government. Throughout its history, the National Bank of Greece SA has continually adapted to market changes and embraced technological advancements to enhance its offerings and maintain its position as a leading banking institution.

The National Bank of Greece SA is primarily present in Greece, where it serves as one of the leading and largest financial institutions in the country. With its headquarters in Athens, the bank operates a widespread network of branches and subsidiaries across Greece, providing comprehensive banking and financial services to individuals, businesses, and corporations. Apart from its domestic presence, National Bank of Greece SA also has a limited international presence through representative offices in Cyprus, United Kingdom, South Africa, China, and Egypt.

The National Bank of Greece SA represents a strong commitment to excellence and responsible banking. With a rich history tracing back to 1841, the bank values integrity, transparency, and innovation. It strives to provide a comprehensive range of financial services that cater to the needs of its customers, including retail, corporate, and investment banking. The company's corporate philosophy is built on fostering long-term relationships with clients while maintaining a sustainable approach to growth. As a trusted financial institution, the National Bank of Greece SA prioritizes delivering value to its shareholders, supporting the local economy, and contributing to the overall development of the country.

Analysts currently set an average price target of 14.54 EUR for the National Bank of Greece stock (median: 14.14 EUR), implying -16.8 % versus the latest price. The consensus is based on 20 analyst ratings.

20 analysts currently rate the National Bank of Greece stock: 16 recommend buying, 4 holding and 0 selling. For 2026, analysts expect National Bank of Greece to generate revenue of 2.87 B EUR and earnings per share of 1.42 EUR.

The National Bank of Greece share (ETE.AT) is listed on 8 stock exchanges, including: Frankfurt (NAGF.F), München (NAGF.MU), Düsseldorf (NAGF.DU), Hamburg (NAGF.HM), London (0RCR.L).

The National Bank of Greece SA is the largest financial institution in Greece and offers a wide range of financial services for private and business customers. The business model of the National Bank of Greece SA is based on various divisions that aim to meet the needs of customers. One of these divisions is retail banking, which is specifically tailored to the needs of private customers. Here, the bank offers various products and services, such as checking accounts, credit cards, loans, and mortgages. Additionally, the National Bank of Greece SA also offers insurance and investment products to ensure that their customers can manage their finances optimally. Another important division of the National Bank of Greece SA is corporate banking, which is specifically designed for business customers. Here, the bank offers various products and services, such as loans, investment products, and foreign exchange trading. Additionally, the National Bank of Greece SA also provides consulting services for businesses to ensure that they can manage their finances optimally. The National Bank of Greece SA also offers wealth management services and private banking to help their customers manage their assets. Here, the bank offers various products and services, such as asset management, investment funds, and brokerage services. Overall, the business model of the National Bank of Greece SA is based on a wide range of financial services tailored to the needs of their customers. The bank strives to empower their customers to optimize their finances and protect their assets through a combination of innovative products, top-notch services, and comprehensive advice. The National Bank of Greece SA is also committed to offering its services online to ensure that their customers can access their finances anytime and anywhere. The bank provides mobile banking apps, online banking, and secure transactions to ensure that their customers can manage their finances anytime and anywhere. In summary, the business model of the National Bank of Greece SA is tailored to the needs of their customers and offers a wide range of financial services. The bank continuously works to improve its processes and products to ensure that it meets the needs of its customers and is also prepared for the future.

The expected revenue of National Bank of Greece is 2.87 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of National Bank of Greece is 1.30 B EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of National Bank of Greece is currently 12.33. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the National Bank of Greece stock.

The price-to-sales ratio (P/S) of National Bank of Greece is currently 5.55. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the National Bank of Greece stock.

The Eulerpool Quality Score for National Bank of Greece is 2/10.

The ISIN of National Bank of Greece is GRS003003035. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of National Bank of Greece is A2N40X. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of National Bank of Greece is ETE.AT. The ticker symbol is used to trade National Bank of Greece shares on the stock exchange.

Over the past 12 months, National Bank of Greece paid a dividend of 0.36 EUR . This corresponds to a dividend yield of about 2.08 %. For the coming 12 months, National Bank of Greece is expected to pay a dividend of 0.67 EUR.

The current dividend yield of National Bank of Greece is 2.08 %.

National Bank of Greece pays a dividend, distributed in the months of , , , .

National Bank of Greece paid dividends every year for the past 2 years.

For the upcoming 12 months, dividends amounting to 0.67 EUR are expected. This corresponds to a dividend yield of 3.76 %.

National Bank of Greece is assigned to the 'Finance' sector.

To receive the latest dividend of National Bank of Greece from amounting to 0.22 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, National Bank of Greece distributed 0.36 EUR as dividends.

The dividends of National Bank of Greece are distributed in EUR.

Fair Value PRO
17.15 EUR
Over-/Undervaluation PRO
10.0% undervalued
Expected Return
11.07 %
Sector
Industry
Banks
Number of shares
Employees
Revenue per Employee
300,808.08 EUR
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website nbg.gr
Country
Greece
Currency
EUR
Initial public offering
Feb 22, 1905
ISIN
GRS003003035
Cusip
X56533189
Sedol
BG087C6
Market capitalization
16.17 B EURLarge Cap
52-Week Range
11.7117.93EUR
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
3.58
P/E ratio
P/Ee 2025
13.01
P/Ee 2026
12.45
P/Ee 2027
10.85
P/Ee 2028
9.86
P/Ee 2029
10.75
P/S
P/Se
5.93
EV/EBIT
P/B Ratio
1.92
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
9.13 %
Gross Margin
EBIT Margin
Net Margin
38.89 %
EPS (Earnings Per Share)
1.27 EUR
Net Debt / EBIT
Debt/Equity
0.51
Dividend
Dividend yield
2.06 %
Est. Dividend Yield
3.76 %
Payout Ratio
28.69 %
Dividend growth Ø5Y
-78.48 %
Dividend payments per year
1
Dividend paid since
2 years
Dividend not reduced since
2 years
Dividend increased since
2 years
Dividend withholding tax
5.00 %
Last updated Sep 14, 2026, 9:20 PM

National Bank of Greece Ticker

ATHENS · ETE.ATATHENS · ETE.ATDÜSSELDORF · NAGF.DUFRANKFURT · NAGF.FHAMBURG · NAGF.HMLONDON · 0RCR.LMUNICH · NAGF.MUPNK · NBGIF

National Bank of Greece FIGI

ETE:GA · BBG000BGF166NAGF:GR · BBG000BJLB61NAGF:GF · BBG000BJLBH9NAGF:GD · BBG000BJLBR8NAGF:GS · BBG000BJLCS5NAGF:GM · BBG000BJLD03NAGF:GB · BBG000BJLDD9NAGF:GI · BBG000BJLDT2NAGF:GH · BBG000BJLF08NBGIF:US · BBG000BWNVX6NBGIF:UV · BBG000BWP428ETE:EO · BBG000DJGBB9