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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBanking(cash value) relates to credit claims (14.5 billion), with pillar II bonds at 5.5 billion and Greek...Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3. The previous quarter positive bottom-line result
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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
Economyfrom 5.14 percent to 4.94 percent. Piraeus said that the remaining pillar II bonds will be redeemed... daily turnover slipping to 63 million this week from 75 million in the previous week. Corporate news
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Greek stocks slip 0.4 pct during week
Economypercent QoQ ) mainly reflecting lower costs related to pillar II bonds and reduced operating... million this week, its highest level this year, from 82 million in the previous week. Corporate news
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingthat the nominal value of pillar II bonds declined from 5.2 billion in June to 2.8 billion in September... loans from 25.9 percent in the previous quarter. Balance Sheet Eurosystem funding was reduced by 1.9
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingof housing loans under the code name Pillar. The transfer of the 7-billion-euro pile is expected..., representing accrued bonus payments and BoD fees for 2018, deferred bonuses from previous years as well
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingbillion euros through the securitisation of the Pillar portfolio, along with the negative formations... euros. This took the cost-to-income ratio to 45.8 percent from 51.6 percent in the previous quarter
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingsecuritisations. The Project Pillar portfolio with a value of 1.8 billion euros was completed in Q2... million euros. This took the cost-to-income ratio to 50.8 percent from 45.8 percent in the previous
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyto support the tourism industry, which is a key pillar of the Greek economy. The collapse of economic output... previous estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister
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PM seen boosting powers despite making minor alterations to cabinet
PoliticsGreek Politicsof a three-pillar pension system that would include a private investment element. Vroutsis... that he would now be taking on some of Papathanasis’s previous duties, including trade and industrial
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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingthe Pillar and Cairo securitizations. The net interest margin was 2.03 percent in 2020 compared to 2.24... euros. Unlike previous bouts of Greek bank dependence on central bank liquidity, last year’s
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