National Bank of Greece stock trades at EUR 17.50 before Q3 results

Published on 09/29/2026 at 18:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Bank of Greece posted EUR 661 million profit after tax for 1H26 on July 30. Its next results are scheduled for November 5, while Goldman Sachs targets EUR 18.75.

National Bank of Greece, GRS003003035, Illustration mit AI erstellt.

National Bank of Greece stock (ISIN GRS003003035) was trading at EUR 17.50 in after-hours trading at Lang & Schwarz on September 29, 2026 at 6:08 p.m. CEST, down 0.68 percent versus the prior close of EUR 17.62 on September 28, 2026. The next major checkpoint is the bank's nine-month results date on November 5, 2026.

Profitability holds in 1H26

On its investor-relations page, National Bank of Greece reported EUR 661.0 million in first-half 2026 profit after tax before one-offs and a 15.5 percent RoTE. The figures cover the six months ended June 30, 2026.

Performing loans rose by EUR 2.1 billion year to date to EUR 39.1 billion in June 2026, while the NPE ratio stood at 2.4 percent, down 0.2 percentage points year over year. NPE coverage was 105 percent and the CET1 ratio was 17.3 percent, giving investors two measurable indicators of asset quality and capital strength.

Goldman keeps a neutral view

Cyprus Mail reported on September 8, 2026 that Goldman Sachs raised its National Bank of Greece price target to EUR 18.75 from EUR 18.50 while retaining a neutral rating. The target lies 7.14 percent above the Lang & Schwarz price of EUR 17.50.

The same report said Goldman Sachs reduced its 2026 earnings-per-share estimate by 3.00 percent and expected 2026 earnings per share of EUR 1.31. That combination gives the stock a clear counterweight to its capital and loan-growth figures: higher valuation, but a more cautious earnings estimate.

EIB package adds lending potential

On September 21, 2026, MarketScreener reported that the European Investment Bank and National Bank of Greece agreed on a EUR 250.0 million financing package. At least 50.00 percent is allocated to eligible security and defense investments, with EUR 200.0 million provided through a covered bond and EUR 50.0 million through a guarantee.

The transaction creates a concrete lending channel for Greek small and medium-sized businesses and mid-sized companies. It also links the bank's loan-growth strategy to a defined financing volume rather than only to a broad target.

Stock trades before November 5

The updated calendar places the nine-month 2026 results on November 5, 2026, followed by an interim-dividend ex-date on November 16 and payment on November 20, according to Cyprus Mail. The November release will test whether the 15.5 percent 1H26 RoTE and EUR 39.1 billion performing-loan base are carrying into the second half.