ALBKY - Greek Banks: Which One Do You Pick For 2018?
Greek Banks: Which one do you pick for 2018?
To keep the tradition going, I will compare the Greek banks (National Bank of Greece S.A. (NBGIF), Piraeus Bank SA ADR (BPIRY) (BPIRF), Alpha Bank S.A. ADR (ALBKY) (ALBKF) (ALBQY), Eurobank Ergasias SA ADR (EGFEY) (EGFEY)) once again based on the full-year figures. Let’s assess the banks on the following criteria:
- Capitalization and reserves
- Liquidity position
- Profitability
- Dependence on Greece and interest income
- Valuation
Capitalization and reserves
Source: FY 2017 results & Author