The Company offers general commercial and consumer banking services and provide other services, including factoring, collection, leasing, securities and insurance brokerage, mutual and investment funds management and investment banking.
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short term debt is defiunitely an issue..borrowing costs are outrageous...I like the bank personally, but I just get the feeling that this is a relief rally and the overall direction of the euro markets is down ..and a falling tide takes all ships with it..good and bad. NBG was a great bank back in 2009 and it hadn't lost any money...look at it since....Greeces issues infected the bank even though it had been run conservatively...now its under 2 bucks..it was over $6 when I owned it... I could be really wrong.. the dividend is enticing.... but spain said that they didnt need a bailout...and now theytook 100 billion Euros a week or two ago... just dont see any other way out of this...someday this will be a great investment...short term I am not convinced...