National Bank of Greece
This largest bank of Greece, National Bank of Greece (NBG) has a widespread presence in the Balkan region, Turkey, and Egypt. Some analysts compare its financial situation with Bank of America (BAC) and Citibank (C) due to its P/E of 23, an operating margin of 22%, and $4.83 billion cash flow.
Moody’s recently raised the rating of Greece’s government bonds, stating that the upgrade reflects the $13.5 billion bank’s more favorable asset quality, funding profile and earnings than other banks.
While NBG is down 66% over the past year, it has rebounded admirably posting six-month gains of 76%.