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Newsletter 51 - 12/11/2015
an initial indication on November 3, Eurobank announced on November 12 that it has received... to upsize their commitment to a total of 584 million. In addition, Eurobank confirmed the European... accordingly. Taking into account the LME outcome and subscription commitments, we conclude that Eurobank
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
AgoraTwo of the four systemic Greek banks, Alpha and Eurobank, have announced the completion... capital would be reduced to around 11 percent from its current level of 66.24 percent. Eurobank Eurobank... in capital mitigating actions approved by the SSM. This means that Eurobank will also avoid needing any
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingOne of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third... percent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... including housing, consumer and business. In its nine-month results, Eurobank listed 14 billion euros
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Eurobank sells insurance arm to Fairfax for 316 mln
EconomyBankingEurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax... of Eurobank’s initial restructuring plan approved by the European Commission in April 2014, which... the transaction, Eurobank will retain a 20 percent stake in Eurolife. The cash consideration for the 80 percent
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingEurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria...-named Project Pillar by Eurobank. In an announcement on their website, Eurobank outlined the terms... Cairo. Bravo Strategies also agreed to the sale of a majority stake in Project Europe, Eurobank’s
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingEurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared... government’s Hercules scheme for reducing bad loans received its first application from Eurobank.... In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policyfrom Ankara’s side, especially following the signing of two memoranda with Libya. In this context... announcement said that talks centred on the situation in Libya and prospects of ending the civil
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Greece, Turkey launch new round of talks as Libya sea deal casts shadow
PoliticsForeign PolicyForeign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media... in Libya on November 29, 2019. The inclusion of the memorandum’s sea zone maps in the UN's database
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking. Eurobank was the only bank out of the four systemic lenders to post weaker profits in this half... in H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310 million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6
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Are investors getting a bargain with Eurobank?
Agoraoffer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals... to a 6-month lock-up period and have also declared their intention to actively participate in Eurobank... Eurobank's second largest shareholder, controlling a stake of 29.6 percent. The next phase involves
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