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Greek Banks at a Discount

11 July 2010 / 14:07:03  GRReporter
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    Analysts explain the reduced estimates of the Greek financial institutions with uncertainties regarding the state debt as well as the difficulties banks face in world markets. They say that assessments of Greek banks are so underestimated that no longer meet the realistic profit potential opportunities and banks will therefore begin attracting foreign capital in the near future. Historically, banks record profits cycle, which reflects the local economic cycle. They suffer when public finances are in crisis - according to analysts at Credit Suisse, in case a haircut of the Greek government debt takes place, Greece's largest commercial bank, National Bank of Greece’s balance will be left with a "capital gap" of €1.4
Tags: Greek bankspricesstocksmarets
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