GREEK BANKS....NO MERCY NO PITY..


CHART 1 : MONTHLY BANK INDEX
CHARTS 1,2,3,4 : MONTHLY NBG, ALPHA, EUROBANK, PEIRAIOS


Regarding with book value of the Greek Banks. 
Of course are very low , but the big problem related with NPL's and the current Greek economy situation. Βoth these issues is in a poor state and particularly the forecasts for the future course are not optimistic . Personally, I believe the current P/BV , give us wrong signals about this theme. Therefore, the stock image of banks, after the last three recapitalizations, gives the correct dimension 

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