{"id":10740,"date":"2013-10-21T09:48:16","date_gmt":"2013-10-21T13:48:16","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=10740"},"modified":"2013-10-21T09:43:05","modified_gmt":"2013-10-21T13:43:05","slug":"national-bank-of-greece-adr-nysenbg-expenses-down-23-in-past-12-months-against-2010","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/national-bank-of-greece-adr-nysenbg-expenses-down-23-in-past-12-months-against-2010-10740","title":{"rendered":"National Bank of Greece (ADR) (NYSE:NBG): Expenses Down 23% In Past 12 Months Against 2010"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/21\/2013 (wallstreetpr) &#8211;\u00a0That\u00a0National Bank of Greece (ADR) (NYSE:NBG) is getting back on track ahead of most European stocks can be seen on a number of significant highlights. One such highlight is that in comparison with 2010, the Greece bank has succeeded in lowering its expenses by at least 23%. This is a strong indicator of a company defying the odds to push forward its growth agenda, and of course, put a lot of money into the hands of investors.<\/p>\n<p style=\"text-align: justify;\">In the Q2.13, the bank\u2019s management reported a 6% drop in operation expenses. And for the first time in at least 2 years, the bank was able to realize cash flow in its Q2.13 which covered the operational expenses for the quarter. In the same quarter, NBG realized nearly $555.90 million in profits against nearly $3.07 billion in net loss for a similar period a year ago.<\/p>\n<p style=\"text-align: justify;\">The reason why NBG\u2019s smart rally lately is highly commendable is because it has made turnaround in such a short time and in an environment that is yet to completely recover from the recession devastation.\u00a0 A lot of its peers in Europe can only envy its short time rebound and this makes a lot of sense for the investors.<\/p>\n<p style=\"text-align: justify;\">Perhaps the greatest of all highlights is the bank\u2019s rise from $3.07 billion loss during the financial gloom in Greece to post $555.90 million in profit in Q2.13.<\/p>\n<p style=\"text-align: justify;\">Owing to NBG\u2019s smart rally, it means that investors who added its stock to their investment portfolio in July have now seen their investment appreciate by 45%, which is an encouraging leap forward. During the trading on October 18, the bank gained 6.56% in share value to end the day at $5.85. NBG now has $14.02 billion in market cap. Today\u2019s trading and the day\u2019s ahead will be closely watched by investors who desire to see how much gas the bank has to continue scaling up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/21\/2013 (wallstreetpr) &#8211;\u00a0That\u00a0National Bank of Greece (ADR) (NYSE:NBG) is getting back on track ahead of most European stocks can be seen on a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1942],"tags":[3550,2390,1074,1070],"stock_ticker":[],"class_list":["post-10740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-national-bank-of-greece-adr","tag-national-bank-of-greece-adr-nysenbg","tag-nbg","tag-nysenbg","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Bank of Greece (ADR) (NYSE:NBG): Expenses Down 23% In Past 12 Months Against 2010 - Wall Street PR<\/title>\n<meta name=\"robots\" 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