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  1. 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

    58%
  2. 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

    58%
  3. 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

    58%
  4. 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

    58%
  5. 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

    58%
  6. 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

    55%
  7. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016... As with Piraeus’s announcement on Tuesday, the most important aspect of Eurobank results related... exposure (NPE) reduction by the end of 2019. Specifically, Eurobank recorded a slight negative non

    55%
  8. Eurobank raises 500 mln with covered bond issue
    Photo by MacroPolis

    EconomyBanking

    Eurobank became the second major Greek bank to return to the international markets... percent. Eurobank had drummed up interest for the issuance via a four-day roadshow in London, Milan.... Eurobank’s covered bond sale, the second from a Greek bank within the month, will contribute towards easing

    55%
  9. Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
    Photo by MacroPolis

    EconomyBanking

    Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared... reduction strategy, Eurobank’s latest offering is the property-related Pixel portfolio, which has... percent. The fully loaded Basel III CET1 ratio came to 11.9 percent from 12 percent in Q1. Eurobank CEO

    55%
  10. Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared... million euros of liquidations. In mid-October, Eurobank announced that it had signed an agreement... in Q2. Eurobank CEO Fokion Karavias noted the recent volatility that had affected the share price

    55%