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National Bank of Greece stock: growth

ETE.AT
$19.41Closing price of 12 Nov 2026MEQIRI Score 68 out of 100

Growth only counts when it reaches the bottom line. That is why revenue and earnings for National Bank of Greece S.A. stand side by side here: revenue growing faster than earnings is growth that was bought.

Daily figure as of 13 Nov 2026

Revenue (Annual rate)
−2.6%
per year from 2006 to 2025, per share −36.1%
Earnings (Annual rate)
2%
per year from 2006 to 2025, per share −33%

Free cash flow is left out here for banks and insurers: there it mostly reflects movements in loans and deposits and says little about the business. The score leaves it out as well.

Growth per year by period

What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.

since 2020since 2015since 2006
Revenue−2.3%0.4%−2.6%
Revenue per share−3.9%−7.1%−36.1%
Earnings107.2%no data2.0%
Earnings per share103.8%no data−33.0%

Fiscal years at a glance

How revenue and earnings grow

  • Revenue
  • Earnings
Figures as a table
YearRevenueEarnings
2006$4.24B$950.82M
2007$5.51B$1.46B
2008$5.03B$910.22M
2009$5.68B$433.32M
2010$5.24B−$393.12M
2011−$3.61B−$16.11B
2012$3.66B−$2.81B
2013$5.1B$41M
2014$2.91B$73.13M
2015$2.47B−$4.68B
2016$1.96B−$3.2B
2017$1.89B−$490.89M
2018$1.58B−$93.08M
2019$1.95B−$282.57M
2020$2.88B$36.57M
2021$2.24B$960.72M
2022$2.35B$1.24B
2023$3.08B$1.23B
2024$3.19B$1.28B
2025$2.57B$1.4B

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2026)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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