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  1. Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
    Photo by MacroPolis

    EconomyBanking

    Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing... in corporate loans. Eurobank noted that it currently has around 4,800 properties under its repossessed real... the GEMI company registry in anticipation of their absorption by Eurobank. The fully loaded Basel III

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  2. Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
    Image via www.piraeusbankgroup.com

    EconomyBanking

    . Eurobank SPV Piraeus Bank is the second of Greece’s four systemic banks to take the approach..., Eurobank confirmed that the merger with Grivalia Properties was completed during May, with the latter ceasing trading on May 20. The merger took Eurobank’s CAD ratio to a best-in-class 18.2 percent, which

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  3. Eurobank net profits at 6 mln in Q2 amid increasing securitisations
    Photo by MacroPolis

    EconomyBanking

    Eurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net... in Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has... and 11.9 in H1 2018. Fokion Karavias, CEO of Eurobank, commented that the current results kept

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  4. Eurobank net profits at 56.3 mln in Q3 from continued operations
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank recorded net profits of 56.3 million euros in the third quarter (Q3) of 2019, picking up..., it was reported that bids had been submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank... from 25.9 percent in Q2 while the NPL coverage ratio edged down to 68 percent. Eurobank noted

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  5. Hercules NPL reduction scheme receives first application from Eurobank
    Photo by MacroPolis

    EconomyBanking

    systemic banks received its first application on Tuesday from Eurobank. According to a press release... has classified as Cairo I, II and III. In a statement of their own, Eurobank outlined that Cairo I.... Eurobank went on to say that Cairo, along with the Pillar securitisation completed in 2019

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  6. Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted its biggest loss since 2014 last year as the price of a restructuring... came to 1.21 billion euros, compared with a profit of 127 million euros in 2019. Eurobank noted... down also of 160 million euros. Adjusted for one-offs, Eurobank said it made a net profit of 544

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  7. Newsletter 235 -17/01/2020

    Newsletters

    motor vehicles going into circulation for the first time jumped by 21 percent year-on-year (YoY... was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion

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  8. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6... securities, Eurobank could replace ELA with ECB funding for the 3 billion related to pillar III... percent, also down by 1 percent point QoQ. Eurobank's management stressed that key catalysts for a return

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  9. Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
    Photo by MacroPolis

    EconomyBanking

    Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME..., Eurobank’s LME does not include a cash consideration option, but only a share exchange at 100... is that the maximum capital boost for Eurobank from the LME could reach 750-780 million. The offer period is expected

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  10. Alpha, Eurobank sign agreement with KKR for management of NPLs

    EconomyBanking

    In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding... and operational expertise for banks’ non-performing and non-core exposures. Alpha and Eurobank stressed... formation (in absolute terms) in Q1 2016 is broadly similar to that reported in Q4 last year. Eurobank

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