Search
-
Eurobank net profits at 256.7 mln in 2019
EconomyBankingEurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared... government’s Hercules scheme for reducing bad loans received its first application from Eurobank.... In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion
32% -
H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. Eurobank was the only bank out of the four systemic lenders to post weaker profits in this half... in H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310 million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6
29% -
Are investors getting a bargain with Eurobank?
Agoraoffer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals... to a 6-month lock-up period and have also declared their intention to actively participate in Eurobank... Eurobank's second largest shareholder, controlling a stake of 29.6 percent. The next phase involves
28% -
Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingIn a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank... markets. According to the announcement, the transaction is marginally capital accretive for Eurobank
26% -
Eurobank presents 2.12 bln equity raising plan to cover capital needs
EconomyBankingEurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were...) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among...) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could
25% -
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingEurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... significantly by Eurobank’s sale of a package of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. The sale was finalised on November 13. Eurobank stated that around 600
25% -
Eurobank net profits at 34.5 mln in Q1
EconomyBankingEurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing... part in reducing NPE stock going forward. Currently, Eurobank’s bad loan portfolio up for sale... for Eurobank. Under the adverse scenario, the bank’s CAD, including the effect of Tier II securities
25% -
Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingnext phase at the start of 2019, when Eurobank, which had announced its merger with Grivalia... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total... will retain the potential upside from the NPEs. Eurobank recorded net profits of 45.1 million euros in Q3
25% -
Eurobank first to tackle NPL reduction via APS
EconomyBankingEurobank is planning to use 2.5 billion euros of state guarantees from the Hercules plan... the bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... and the Cairo securitisation mezzanine note following Eurobank’s call for binding offers from
25% -
Newsletter 241 - 28/02/2020
from Eurobank As was widely anticipated, since it had been trailed by Economic Affairs Commissioner... of the country’s four systemic banks received its first application this week from Eurobank... and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank
24%