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Newsletter 1 31/10/2014
of a stake Eurobank was the only Greek bank seen needing any additional capital and even in this case... surplus (2 billion euros) under the dynamic adverse model. Eurobank’s minimal shortfall of 18 million... (37.6 and 42.8 percent respectively) and Eurobank (34.1 and 36.3 percent respectively. NBG showed
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DTA may spell new trouble for Greek banks
Agoraranging from a low of 35.9 percent for Alpha to a high of 53.8 percent for Eurobank. The comparison with the tangible equity (TE) - which also excludes preference shares of 950 million for Eurobank... of TE. Alpha enjoys the lowest ratio at 37.1 percent, with Eurobank at the high end at 71.6 percent
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Greek banks' equity raising could keep official support to a minimum
Economysplit among the four systemic banks. The first tier includes Alpha and Eurobank, with capital needs.... Eurobank The bank announced on October 29 a voluntary exchange offer for a total of 877 million... securities. We understand that Eurobank could strengthen its capital base by up to 790 million if all
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economystand at 180 million euros for Alpha, 83 million for Eurobank, 120 million for NBG and 271 million... euros allowed by the law. Eurobank The bank had initially announced a capital increase... into consideration the approved mitigation actions. Eurobank has also the option to boost its capital by 720
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Banks focus on defining challenge of reducing NPEs
EconomyBankingbillion across the year bringing the ratio for the group at 51.7 percent. Eurobank’s stock of NPEs... target for NPEs is to reduce the balance to 16.8 billion by December 2019. The target for Eurobank... the process of disposing packages of problematic loans when Eurobank in October sold a pool
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Positive sentiment around banks continues to grow
EconomyBankingsix banks by up to two notches and granting the investment grade to Eurobank and NBG. Fitch Ratings... holds a minor stake of 1.4 pct at Eurobank and the bank has officially expressed its interest to buy... the competitive bid process. The market expectation is that Eurobank will eventually secure that stake
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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingbillion euros, coming from 93.7 million euros from Eurobank after the bank bought back a minor stake..., 6.85 billion in Piraeus, 5.73 billion in Eurobank and 3.96 billion in Alpha. As a result, the HFSF became the dominant shareholder in the banks’ share capital. controlling 98.56 percent of Eurobank
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politicsleaves his position as an economics professor at Piraeus University and as Eurobank’s chief... of the size of the task he is taking on. Eurobank’s economic research division, which he headed... to miss their targets. Eurobank said revenues would only be in line with the budget if there is a widening
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyat 2.79 billion euros, Eurobank at 3.21 billion, National (NBG) at 2.56 billion and Piraeus at 2.93... and Piraeus) stood at: 15.6 percent for Alpha, 17.7 percent for Eurobank and NBG and at 14.4 percent...) stood at: 12 percent for Alpha, 9.8 percent for Eurobank, 11.6 percent for NBG and 11 percent
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Greek bank recapitalisation: The story so far and what lies ahead
Economy, in Eurobank 5.7 billion, in National Bank 8.5 billion and in Piraeus Bank 6.8 billion. As a result... of Eurobank, 84.4 percent of National and 81 percent of Piraeus. On top of the 25 billion injected... covered by private investors. In particular, Alpha raised 1.2 billion, Eurobank 2.9 billion, National
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