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Eurobank
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EconomyBanking
Eurobank net profits at 6 mln in Q2 amid increasing securitisations Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1.
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EconomyBanking
Eurobank’s NPL sales take major step with two transactions Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
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EconomyBanking
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV A major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had entered into a strategic agreement with Intrum for the management of NPLs worth a total of 27 billion euro via a special purpose vehicle.
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EconomyBanking
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.
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EconomyBanking Eurobank net profits from continued operations fall by 12.2 pct in 2018 Eurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent.
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EconomyBanking
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
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EconomyBanking Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.
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EconomyBanking Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
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EconomyBanking
Banks try to build on growing confidence With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
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EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.