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Newsletter 241 - 28/02/2020
and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion in the Hercules scheme, with plans
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingfor the bank’s Tier II bond issued in February 2020. Including the 500 million Tier II bond, total capital
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingfrom the Tier II issuance in July 2019. The bank’s domestic loan disbursements were up 53 percent YoY... the Entrepreneurship Fund II (ΤΕPΙX-ΙΙ), state-guaranteed new working capital and subsidised
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Eurobank net profits at 56.8 mln in Q1
EconomyBanking, namely Cairo I and Cairo II. Cairo I consists of consumer loans and mortgages in Swiss francs worth 1.8 billion euros. Cairo II is made up of retail loans worth 2.9 billion and Cairo III consists
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Banks step up securitisation drive following pandemic interruption
EconomyBankingin November last year. Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV... for the 1.9 billion euros of Orion and the 5.7 billion euros of Galaxy II, the submission for Galaxy IV
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingof securitisations, to be included in Hercules II. Eurobank’s Mexico portfolio will consist of about 3.3 billion... securitisation, Sunrise I, to be followed later by a 4-billion-euro Sunrise II portfolio.
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingof the Hercules II APS. Eurobank announced on Monday that it signed an agreement with doValue... inclusion in Hercules II and the SSM. The transaction involves a portfolio of 85 pct of retail loans
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingcompleted in the last days of December, codenamed Mayfair and Sunrise II, the capital base has... shift more than 5 billion euros off their balance sheets in the coming months, with the Hercules II
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Investment grade boost visible in strong demand for Greek assets
Economyof 2.4 billion euros, oversubscribed 4x. Eurobank issued a 300-million-euros Tier II bond with offers... was the first one to issue an MREL bond with a Tier II for 500 million euros, attracting 1.8 billion
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Stournaras in firing line for arguing Greeks can pay more taxes
PoliticsGreek Politicsto a vote in Parliament next week, Stournaras was criticised by all the New Democracy MPs on the panel
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