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  1. Eurobank first to tackle NPL reduction via APS
    Photo by MacroPolis

    EconomyBanking

    Eurobank 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%

  2. Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
    Photo by MacroPolis

    EconomyBanking

    on 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

    24%

  3. Eurobank sells NPL package in attempt to reduce bad debt pile
    Photo by MacroPolis

    EconomyBanking

    Eurobank 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

    24%

  4. Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank 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

    24%

  5. Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme. In February, Eurobank announced... corporations and SMEs worth 2.7 billion euros. Eurobank’s statement at the time said that Cairo

    24%

  6. Eurobank net profits at 56.8 mln in Q1
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank 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

    24%

  7. Eurobank posts Q1 net profit of 70 mln
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank 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

    24%

  8. Newsletter 279 -13/11/2020

    Newsletters

    – it includes three more women, as well as the first openly gay cabinet member in the person of Deputy Culture... the further deterioration in vendor performance across the Greek manufacturing sector. Lead times

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  9. Manufacturing makes fastest improvement for two years in March as PMI reaches 56.9 pts
    Photo via https://flic.kr/p/uwuVeE

    EconomyMacroeconomy

    an issue with vendor performance declining at historically sharp rates due to the re-routing of shipments

    24%

  10. Eurobank reports net loss of 301.1 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Eurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million... ratio further rose to 51.1 percent from 50.3 percent in Q1 and 43.4 percent last year. Eurobank’s... percent stake sale in Eurobank Properties. In addition, the amount of deferred tax asset (DTA

    23%