In the year 2000 and more specifically on 23 August, the Bank of Greece, upon request, informed a well-known educational institution, based in the Region, about the content of its portfolio.
The name of the institution is not mentioned in this text because there is currently no reason for it to be revealed. After all, the issue is not focused on the name of the institution but on the response of the banking institution.
As evidenced by the document that zougla.gr reveals, this portfolio includes "National Bank" debt securities, which are mentioned.
The latest reference to this list refers to the Bank of the East. It is surprising, however, that in 2000, ie 68 years after the absorption of this bank by "Ethniki", this banking institution accepts and reports the existence of East Bank bonds.
It is curious that the "National" itself, with its official announcement days ago, claims that the value of the shares of the Bank of the East has been eradicated for a number of reasons mentioned in this official announcement. The most obscure of the observers, therefore, wonders why, very recently, in the year 2000, the very same bank, includes in its briefing to its client the shares that (according to "Ethniki" always) do not have the slightest value.
The second conclusion drawn from this document is that, although many decades have passed since 1936, when "National" completed the special liquidation of the merger of the Bank of the East, and despite the repeated placements of bank employees in that bank against customers that these shares have been canceled (?) then how is it possible to record 320 shares in the above mentioned report?
Obviously, the "National Bank" owes in this case an answer and indeed a credibility. Besides, it is still expected that the bank will publish the document or the relevant GG, confirming the bank's claim that the special liquidation of the absorption of the Bank of the East was completed in December 1936.
Awaiting these answers, zougla.gr reveals the two methods by which the Bank of the East's 125 franc francs were valued.
Two specialists are Mr. Theodoros Karyoti, economist professor at the University of Maryland and Nikolaos Georgatzas, a professor of System Dynamics at Fordham University in New York, an expert on valuations, who has been repeatedly referred to as an expert in trials dealing with issues of special valuation of companies, submit their own method of analyzing and assessing the actual present value of the Bank of the East.
Method 1st. Theodoros Karyoti. For the sake of reliability and accuracy, Mr. Karyoti's study is written in English and in Greek. In this method, the Maryland professor attempts to valuate (parallel) the value of the stock with three currencies (Dollar, Drachma and Euro) with a constant reference to the price of gold
Method 2h. Nikolaos Georgatzas. This method includes a chart showing the exponential increase in the value of the share since its issuance until today. After all this, both the citizens - the shareholders of the shares and the other citizens who are watching with reasonable interest the developments in this case, which has left the Panhellenic speechlessly, it is obvious how a competent person has to answer.
Which politicians have been involved in the case
The question of the "monster" share has been occupied by politicians in the Transition. It is notable that a party leader refused to accept the shares of the Bank of the East for reasons that have to do with his temper as the offer was directly linked to the financing of his party's election campaign. These earlier because later, another politician seemed to have no such ... endurance and "bowed" to the lure. Let's see ...
An historical form
Stephan I. Straight took over the Governor of the "Single Bank" in 1896 and handed over the bank's administration in 1910. It was founded on the initiative of "Monica" or "Bank of the East". Son of geographer George Strait was born in Patras in 1835. He studied Lawfully.
He lived in the highly troubled period since the completion of the Revolution of 21, Otto's reign, the Makrigiannis Revolution and the enforcement of the Constitution of September 3, Charilaos Trikoupis and his bankruptcy, the defeat of 1897 or the " Black 97 ", Venizelos' movement and advent, the Balkan wars, the First World War until shortly before the Asia Minor catastrophe. He died in 1920.
what did these two economists discover?
What did they mean and what did not?
What finally happens with Titanium shares?