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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
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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
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Mitsotakis shifts focus to tax plan, investment, law and order
PoliticsGreek Politicsa stronger footing: Investment, tax relief and law and order. Mitsotakis held an informal meeting... and order issue in his televised interview, which was conduced just a few hours after the anti-terrorism... of “slowly but steadily restoring security and order.” New Democracy had campaigned strongly
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Police actions draw attention to ND's law and order agenda
PoliticsGreek Politicsand order. The conservatives promised to tighten things up upon coming to power. Since July, law and order has been high on the government agenda and the interventions at the Athens University of Business... behaviour. “The law and order agenda and practice followed by the government is a strategic choice,” said
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PM burnishes conservative credentials with focus on day-to-day issues, law and order
PoliticsGreek Politicssuch as the cost of living, healthcare and law and order. He credited ND’s initiatives at EU level for creating... in March. Law and order On the campaign trail in Evros, Mitsotakis also issued a warning against... to impose law and order in public universities. On Tuesday, police arrested 28 protesters at Athens Law
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingon the new bank recap framework mainly involves the drawn-out equity increase at Eurobank... losses under such a provision. Eurobank’s current stock price stands at 0.47 euros. This implied... full voting rights in banks previously fully recapitalized by the HFSF (such as Eurobank), unless its
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs... euros in their balance sheets. Eurobank sold a pool of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. As Eurobank communicated in its recent earnings call, 620
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingEurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2..., while interbank repos grew to 5.2 billion euros in March. Also in October 2017, Eurobank became... becomes effective as of 2018, but can be adopted earlier. Eurobank highlighted First Time Adoption (IFRS9
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingEurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared... million euros QoQ and came to 13 billion euros. Within Q1, Eurobank announced that it was submitting... the provision of a guarantee by the Greek state on senior notes totalling 754 million euros. Eurobank said
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingEurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13..., Eurobank said that fewer of its loans turned sour than it expected in the first quarter, as pandemic-related moratoria mostly expired. “In the first quarter, still in pandemic-driven mode, Eurobank performed
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