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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingEurobank 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
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Eurobank net profits at 56.8 mln in Q1
EconomyBankingEurobank 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
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingEurobank 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
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Fraud probe at Hellenic Postbank a sign of bigger things to come?
PoliticsGreek Politicsinto liquidation. At a later stage, in mid July 2013, Eurobank acquired from HFSF 100 percent stake in New Hellenic Postbank for a total consideration of 681 million euros in Eurobank shares paid to HFSF. Those...-corruption prosecutor Popi Papandreou has issued charges against 25 people in connection to unsecured
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesshare. According to NBG, a comprehensive strategy is needed in order for these products to maintain.... These include aluminium, marble, olive oil, olives and feta. The second category consists of what... percent of the market share. In terms products such as marble, cement and aluminium, a strategy
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How will Trump's tariffs affect Greece?
Agorachallenges, president Trump abruptly terminated via executive order in late August the so-called ‘de... from these exemptions due to limited export volumes in these industries. EU aluminium and steel..., electronic equipment 180.66 Aluminium 147.50 Salt, sulphur, earth, stone, plaster, lime, cement 121.05
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New Democracy latches on to SYRIZA confusion over law and order
PoliticsGreek Politicsthis week, providing New Democracy with ammunition for its attacks on the coalition on the “law and order.... Sensing SYRIZA’s unease, New Democracy has sought to present itself as the party of law and order.... Apart from trying to convince the public that the government is doing a poor job on law and order
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ND braces for rural backlash to OPEKEPE scandal as law and order initiatives take centre stage
PoliticsGreek Politicsfocus back on law and order in a bid to win back disaffected conservative voters. Rural Development... that up to half of all upcoming payments audited in spot checks appeared to be out of order. Under... and order Wrong-footed by the ongoing battering it is receiving over OPEKEPE and Tempe, the government
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingEurobank 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
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingEurobank 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
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