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