National Bank of Greece S.A.

Factors to consider:

• Company pays dividends (annually): last record date 2026-06-11, amount 0.34$ (Y1.72%)
• Earnings for 18 months up through Q2 (+1 year) are close to our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [6.66$, 8.92$]
• 2025-12-31 to 2026-12-31 estimated range: [6.92$, 9.24$]

Financial Metrics affecting the NBGIF estimates:

• Positive: with PPE of 3.0 at the end of fiscal year the price was neutral
• Negative: negative Operating cash flow
• Positive: Operating profit margin, % of 42.47 > 33.79
• Positive: Inventory ratio change, % of 0 <= 0
• Positive: 5.07 < Industry earnings per price (median), % of 6.45
• Positive: Interest expense per share per price, % of 9.97 <= 10.35
• Positive: Industry inventory ratio change (median), % of 0 <= 0
• Positive: 7.04 < Shareholder equity ratio, % of 11.24 <= 12.78