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Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
Economy, namely Eurobank (+5.8 percent), Alpha (+3.9 percent) and NBG (+3.2 percent). On the flipside... to 108 million from 93 million last year. The shares of Alpha, Eurobank and Hellenic Telecom (OTE... and Eurobank and NBG on August 31.
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Greek stocks climb 5 pct on week led by double-digit bank gains
Economystrongly rebounded in the next three sessions, also in the wake of Piraeus and Eurobank third-quarter... year to date. Piraeus and Eurobank excelled with solid gains of 27.8 and 26.2 percent respectively...) and exposure (NPE) stock by 58 and 41 percent respectively by the end of 2019. On Wednesday, Eurobank also
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingpercent for Alpha, close to 18 percent for Eurobank, 16.48 percent for National Bank of Greece (NBG... for Alpha Bank to 20.37 percent, 16.56 percent for Eurobank, almost 16 percent for NBG and 14.52... percentage points (pps), 8.68 pps for Eurobank, which excludes the negative impact of 250 basis points
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Newsletter 161 -11/05/2018
of 18.25 percent for Alpha, close to 18 percent for Eurobank, 16.48 percent for National Bank... will improve for Alpha Bank to 20.37 percent, 16.56 percent for Eurobank, almost 16 percent for NBG... is 8.56 percentage points (pps), 8.68 pps for Eurobank, which excludes the negative impact of 250 basis
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingthe form of sales. Eurobank In mid-October, Eurobank announced that it had signed an agreement..., approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingMoody's predicted that Eurobank and National Bank of Greece are best positioned to meet the targets... stated. Eurobank’s Project Pillar non-performing loan sale is moving to its next phase and attracted... a combination of loan portfolio sales along with the sale of a stake in FPS, Eurobank is expecting
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... been code-named Project Pillar by Eurobank. The bank will retain 100 percent of the senior notes... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking’s Greek operations by the end of 2022. Eurobank Eurobank is planning to leverage 7.5 billion euros... Eurobank SA as part of the bank’s plans to consolidate its balance sheet. The current legal entity
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingits first application from Eurobank. The application related to two of the bank’s three... in total. Last week, Eurobank submitted the final arm of its securitisation, Cairo III..., but those plans now look likely to be put on hold due to the coronavirus. So far, Eurobank remains
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingyear. Eurobank recorded net results of an adjusted profit of 176 million euros in H1 compared to net... ratio stood at 64 percent, while total coverage including collateral came to 117 percent. Eurobank’s... extended payment moratoria to around 2.2 billion euros-worth of mortgages. Eurobank has extended
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