National Bank of Greece S.A (ETE) - Net Assets
Based on the latest financial reports, National Bank of Greece S.A (ETE) has net assets worth €9.00 Billion EUR (≈ $10.53 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€76.73 Billion ≈ $89.70 Billion USD) and total liabilities (€67.72 Billion ≈ $79.18 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check National Bank of Greece S.A asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.00 Billion |
| % of Total Assets | 11.73% |
| Annual Growth Rate | -2.11% |
| 5-Year Change | 66.41% |
| 10-Year Change | -13.97% |
| Growth Volatility | 13.94 |
National Bank of Greece S.A - Net Assets Trend (2014–2024)
This chart illustrates how National Bank of Greece S.A's net assets have evolved over time, based on quarterly financial data. Also explore ETE asset base for the complete picture of this company's asset base.
Annual Net Assets for National Bank of Greece S.A (2014–2024)
The table below shows the annual net assets of National Bank of Greece S.A from 2014 to 2024. For live valuation and market cap data, see how much is National Bank of Greece S.A worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €8.45 Billion ≈ $9.88 Billion |
+10.45% |
| 2023-12-31 | €7.65 Billion ≈ $8.95 Billion |
+18.60% |
| 2022-12-31 | €6.45 Billion ≈ $7.54 Billion |
+11.78% |
| 2021-12-31 | €5.77 Billion ≈ $6.75 Billion |
+13.64% |
| 2020-12-31 | €5.08 Billion ≈ $5.94 Billion |
-3.75% |
| 2019-12-31 | €5.28 Billion ≈ $6.17 Billion |
-6.40% |
| 2018-12-31 | €5.64 Billion ≈ $6.59 Billion |
-23.59% |
| 2017-12-31 | €7.38 Billion ≈ $8.63 Billion |
-2.74% |
| 2016-12-31 | €7.59 Billion ≈ $8.87 Billion |
-22.77% |
| 2015-12-31 | €9.82 Billion ≈ $11.49 Billion |
-6.13% |
| 2014-12-31 | €10.47 Billion ≈ $12.24 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to National Bank of Greece S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 811.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.57 Billion | 42.41% |
| Other Components | €4.85 Billion | 57.59% |
| Total Equity | €8.42 Billion | 100.00% |
National Bank of Greece S.A Competitors by Market Cap
The table below lists competitors of National Bank of Greece S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
James Hardie Industries PLC ADR
NYSE:JHX
|
$11.95 Billion |
|
KERRY GRP PLC ADR/1EO-12
F:KRZA
|
$11.95 Billion |
|
UDR Inc
NYSE:UDR
|
$11.96 Billion |
|
Shandong Hualu Hengsheng Chemical Co Ltd
SHG:600426
|
$11.96 Billion |
|
JCET Group Co Ltd
SHG:600584
|
$11.93 Billion |
|
Medpace Holdings Inc
NASDAQ:MEDP
|
$11.92 Billion |
|
Mazagon Dock Shipbuilders Limited
NSE:MAZDOCK
|
$11.92 Billion |
|
Yunnan Chuangxin New Material Co Ltd
SHE:002812
|
$11.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Bank of Greece S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,626,000,000 to 8,423,000,000, a change of 797,000,000 (10.5%).
- Net income of 1,158,000,000 contributed positively to equity growth.
- Dividend payments of 332,000,000 reduced retained earnings.
- Share repurchases of 37,000,000 reduced equity.
- New share issuances of 14,000,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.16 Billion | +13.75% |
| Dividends Paid | €332.00 Million | -3.94% |
| Share Repurchases | €37.00 Million | -0.44% |
| Share Issuances | €14.00 Million | +0.17% |
| Other Changes | €-6.00 Million | -0.07% |
| Total Change | €- | 10.45% |
Book Value vs Market Value Analysis
This analysis compares National Bank of Greece S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.47x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €5.43 | €13.43 | x |
| 2019-12-31 | €5.75 | €13.43 | x |
| 2020-12-31 | €5.53 | €13.43 | x |
| 2021-12-31 | €6.29 | €13.43 | x |
| 2022-12-31 | €7.05 | €13.43 | x |
| 2023-12-31 | €8.34 | €13.43 | x |
| 2024-12-31 | €9.24 | €13.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Bank of Greece S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.26%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 8.90x
- Recent ROE (13.75%) is above the historical average (-3.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.82% | 0.00% | 0.00x | 14.29x | €-740.40 Million |
| 2015 | -46.46% | 0.00% | -0.02x | 12.22x | €-5.14 Billion |
| 2016 | -41.80% | -270.57% | 0.01x | 11.37x | €-3.58 Billion |
| 2017 | -6.62% | -55.51% | 0.01x | 9.67x | €-1.11 Billion |
| 2018 | -1.69% | -5.73% | 0.02x | 13.12x | €-580.20 Million |
| 2019 | -4.85% | -14.44% | 0.03x | 12.22x | €-780.90 Million |
| 2020 | 0.75% | 1.47% | 0.03x | 15.32x | €-467.90 Million |
| 2021 | 15.08% | 42.75% | 0.02x | 14.60x | €292.00 Million |
| 2022 | 17.36% | 46.42% | 0.03x | 12.11x | €474.80 Million |
| 2023 | 14.50% | 39.81% | 0.04x | 9.78x | €343.40 Million |
| 2024 | 13.75% | 40.26% | 0.04x | 8.90x | €315.70 Million |
Industry Comparison
This section compares National Bank of Greece S.A's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $5,202,205,134
- Average return on equity (ROE) among peers: 13.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Bank of Greece S.A (ETE) | €9.00 Billion | 0.82% | 7.52x | $11.93 Billion |
| Alpha Services and Holdings S.A. (ALPHA) | $8.48 Billion | 1.14% | 6.49x | $8.40 Billion |
| Eurobank Ergasias Services and Holdings S.A. (EUROB) | $6.75 Billion | 3.48% | 8.84x | $12.88 Billion |
| Attica Bank S.A. (TATT) | $-54.59 Million | 0.00% | 0.00x | $2.54 Billion |
| Bank of Greece (TELL) | $815.50 Million | 80.26% | 125.50x | $319.82 Million |
| Piraeus Financial Holdings S.A (TPEIR) | $10.02 Billion | -18.89% | 7.78x | $8.39 Billion |
About National Bank of Greece S.A
National Bank of Greece S.A., together with its subsidiaries, provides financial products and services in Greece, the United Kingdom, North Macedonia, Romania, Cyprus, Bulgaria, Malta, Egypt, and Luxembourg. It operates through Retail Banking, Corporate & Investment Banking, Trouble Assets Unit, Global Markets and Asset Management, Insurance, International Banking Operations, and Other segments. … Read more