NBG » Topics » Exchange Rate Exposure.

This excerpt taken from the NBG 20-F filed Jul 2, 2007.
Exchange Rate Exposure.   The Group is an active participant in the foreign exchange markets and also makes loans denominated in foreign currencies. The Group’s goal in managing exchange rate exposure is to minimize the effect of exchange rate movements on profitability. The Group adheres to central bank guidelines and other guidelines applicable to the Group and actively manages its foreign currency position. To the extent that foreign currency-denominated assets are not matched with liabilities denominated in the same currencies, the Group engages in swaps and other hedging transactions in order to reduce the effects of these imbalances. Management, therefore, does not consider the Group’s foreign exchange risk to be significant with respect to the Group’s overall financial position. As at December 31, 2005, approximately 14.6% of the Group’s liabilities and 21.4% of the Group’s assets were denominated in currencies other than euro, before taking into account hedging transactions.

This excerpt taken from the NBG 20-F filed Jul 14, 2006.
Exchange Rate Exposure.   The Group is an active participant in the foreign exchange markets and also makes loans denominated in foreign currencies. The Group’s goal in managing exchange rate

117




exposure is to minimize the effect of exchange rate movements on profitability. The Group adheres to central bank guidelines and other guidelines applicable to the Group and actively manages its foreign currency position. To the extent that foreign currency-denominated assets are not matched with liabilities denominated in the same currencies, the Group engages in swaps and other hedging transactions in order to reduce the effects of these imbalances. Management, therefore, does not consider the Group’s foreign exchange risk to be significant with respect to the Group’s overall financial position. As at December 31, 2004, approximately 19.2% of the Group’s liabilities and 18.0% of the Group’s assets were denominated in currencies other than euro, before taking into account hedging transactions.

EXCERPTS ON THIS PAGE:

20-F
Jul 2, 2007
20-F
Jul 14, 2006

RELATED TOPICS for NBG:

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki