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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingEurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss... percent in Q4 with the fully-loaded Basel III ratio at 13.1 percent. Eurobank’s international..., noting it estimates the bank to become profitable mainly on the back of mid-teen PPI growth, cost
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingEurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2... that Eurobank announced on May 20 that it proceeded with the sale of 170 million NPLs in Romania, with the bank... to 50 percent from 50.7 percent in Q1. The bank estimates a notable reduction in NPE formation in H2
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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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Rate of drop in building activity increases to 19.9 pct in August
EconomyMacroeconomyburden on real estate property. Fitch recently reiterated its estimate that house prices... in teh September business indicator.
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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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