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Bank of Greece

DB:BGC
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BGC
DB
€277M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Bank of Greece operates as the central bank of Greece. The last earnings update was 195 days ago. More info.


Add to Portfolio Compare Print
BGC Share Price and Events
7 Day Returns
1%
DB:BGC
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
0.3%
DB:BGC
1.4%
DE Diversified Financial
3%
DE Market
BGC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bank of Greece (BGC) 1% -0.1% -2.7% 0.3% 40.2% 25.5%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • BGC underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • BGC underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
BGC
Industry
5yr Volatility vs Market

Value

 Is Bank of Greece undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bank of Greece to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bank of Greece.

DB:BGC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €35.47 * 144.3%
€51.20
Book Value of Equity per Share Median Book Value from the past 5 years. €35.47
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BGC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 29%) (0%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.859 * 14.99%)
13.1%

Discounted Cash Flow Calculation for DB:BGC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bank of Greece is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:BGC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (144.3% – 13.1%) * €35.47)
€46.55
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €46.55 / (13.1% - 0.23%)
€361.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €35.47 + €361.65
€397.12
DB:BGC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BGC represents 0.97131x of ATSE:TELL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97131x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 397.12 x 0.97131
€385.73
Value per share (EUR) From above. €385.73
Current discount Discount to share price of €13.54
= -1 x (€13.54 - €385.73) / €385.73
96.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bank of Greece is available for.
Intrinsic value
>50%
Share price is €13.54 vs Future cash flow value of €385.73
Current Discount Checks
For Bank of Greece to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bank of Greece's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bank of Greece's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bank of Greece's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bank of Greece's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BGC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €33.10
ATSE:TELL Share Price ** ATSE (2019-10-11) in EUR €13.94
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bank of Greece.

DB:BGC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:TELL Share Price ÷ EPS (both in EUR)

= 13.94 ÷ 33.10

0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Greece is good value based on earnings compared to the DE Diversified Financial industry average.
  • Bank of Greece is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bank of Greece's expected growth come at a high price?
Raw Data
DB:BGC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-21.4%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bank of Greece, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bank of Greece's assets?
Raw Data
DB:BGC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €29.89
ATSE:TELL Share Price * ATSE (2019-10-11) in EUR €13.94
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:BGC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:TELL Share Price ÷ Book Value per Share (both in EUR)

= 13.94 ÷ 29.89

0.47x

* Primary Listing of Bank of Greece.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bank of Greece is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Bank of Greece's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Bank of Greece has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bank of Greece expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bank of Greece, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-21.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bank of Greece expected to grow at an attractive rate?
  • Bank of Greece's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bank of Greece's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Bank of Greece's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:BGC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BGC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -21.4%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BGC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BGC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,001 658
2017-12-31 1,333 942
2016-12-31 1,424 1,092

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bank of Greece's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bank of Greece is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BGC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bank of Greece Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BGC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 33.10
2017-12-31 47.41
2016-12-31 54.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bank of Greece will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bank of Greece's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bank of Greece has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bank of Greece performed over the past 5 years?

  • Bank of Greece's last earnings update was 195 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bank of Greece's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bank of Greece's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bank of Greece's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bank of Greece's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
Bank of Greece's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bank of Greece Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BGC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,001.02 657.60 342.64
2017-12-31 1,333.10 941.80 337.34
2016-12-31 1,423.81 1,092.35 322.52
2015-12-31 1,489.01 1,162.85 319.84
2014-12-31 988.14 654.55 319.63
2013-12-31 1,142.06 831.15 306.65
2012-12-31 652.70 318.65 323.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bank of Greece made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Bank of Greece used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Bank of Greece improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bank of Greece's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bank of Greece has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bank of Greece's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bank of Greece's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bank of Greece's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bank of Greece's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bank of Greece's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Bank of Greece has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bank of Greece Company Filings, last reported 9 months ago.

DB:BGC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 593.74 0.00 6,056.45
2017-12-31 593.64 0.00 6,356.86
2016-12-31 815.50 0.00 6,127.03
2015-12-31 815.50 0.00 5,736.98
2014-12-31 815.50 0.00 5,610.17
2013-12-31 815.50 0.00 4,313.85
2012-12-31 815.49 0.00 6,065.75
  • Bank of Greece has no debt.
  • Bank of Greece has not taken on any debt in the past 5 years.
  • Bank of Greece has no debt, it does not need to be covered by operating cash flow.
  • Bank of Greece has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bank of Greece's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bank of Greece has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bank of Greece's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.82%
Current annual income from Bank of Greece dividends.
If you bought €2,000 of Bank of Greece shares you are expected to receive €96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bank of Greece's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Bank of Greece's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BGC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BGC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.672 4.915
2019-02-26 0.672 4.937
2018-02-26 0.672 4.870
2018-01-22 0.672 3.922
2017-02-28 0.672 5.050
2017-01-20 0.672 5.442
2016-01-29 0.672 6.756
2015-02-27 0.672 7.164
2015-01-19 0.672 6.391
2014-02-28 0.672 5.373
2014-01-20 0.672 4.318
2013-02-25 0.672 4.750
2013-01-21 0.672 3.921
2012-04-24 0.838 7.100
2012-03-19 0.670 4.738
2011-03-14 2.600 14.146
2010-03-01 2.400 7.144
2010-01-15 2.400 5.624
2009-03-11 2.400 5.351
2008-12-31 2.400 6.319

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Bank of Greece's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (49.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bank of Greece's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bank of Greece afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bank of Greece has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bank of Greece's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yannis Stournaras
AGE 63
TENURE AS CEO 5.3 years
CEO Bio

Mr. Yannis Stournaras has been a Governor and Member of General Council at Bank of Greece A.E., since June 2014. Mr. Stournaras has been Member of Governing Council at European Central Bank since June 26, 2014. He served as a Member of Board of Governors at European Investment Bank. He was a Finance Minister since 2012 and handled Greece's bailout negotiations with the International Monetary Fund and European Union.

CEO Compensation
  • Insufficient data for Yannis to compare compensation growth.
  • Insufficient data for Yannis to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Yannis Stournaras

TITLE
Chairman of the General Council & Governor
AGE
63
TENURE
5.3 yrs

Maria Pagoni

TITLE
Director of The Accounting Department
Board of Directors

Yannis Stournaras

TITLE
Chairman of the General Council & Governor
AGE
63
TENURE
5.3 yrs

Iannis Mourmouras

TITLE
Deputy Governor

Theodoros Mitrakos

TITLE
Deputy Governor

Georgios-Spyros Tavlas

TITLE
Member of General Council

Evangelos Geraniotakis

TITLE
Member of General Council

Nikolaos Skorinis

TITLE
Member of General Council

Julia Armagou

TITLE
Member of General Council

Stephen Oktapodas

TITLE
Member of General Council

Gregory Stergioulis

TITLE
Member of General Council

Athanassios Savvakis

TITLE
Member of General Council
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bank of Greece's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bank of Greece has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bank of Greece operates as the central bank of Greece. It participates in the formulation and implementation of the single monetary policy in the euro area; manages part of the European Central Bank’s foreign exchange and gold reserves; oversees payment and settlement systems; promotes arrangements for the maintenance of financial stability; manages financial crises; collects statistical data from monetary financial institutions; issues euro banknotes; and circulates and handles euro banknotes and coins. The company also supervises credit institutions and various enterprises in the financial sector; supervises and monitors insurance and reinsurance firms, as well as insurance intermediaries; and manages and operates the system for monitoring transactions in book-entry securities. In addition, it operates the Electronic Secondary Market for Securities system; holds and manages the country’s official reserve assets, such as the foreign exchange and gold reserves; acts as treasurer and fiscal agent for the government; compiles and publishes statistics on the Greek economy; conducts specialized statistical surveys; and publishes reports and carries out policy-relevant research and analysis of the economic conjuncture and the monetary policy. The company operates a network of 17 branches, 32 agencies, and 5 outlets. Bank of Greece was founded in 1927 and is headquartered in Athens, Greece.

Details
Name: Bank of Greece
BGC
Exchange: DB
Founded: 1927
€276,916,510
19,864,886
Website: http://www.bankofgreece.gr
Address: Bank of Greece
21 El. Venizelos Str.,
Athens,
102 50,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE TELL Ordinary Shares The Athens Stock Exchange GR EUR 02. Jan 1992
DB BGC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Bank of Greece employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:47
End of day share price update: 2019/10/11 00:00
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.