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Current account deficit widens to 404 mln in March
EconomyMacroeconomyin the participation of Capital Group in Eurobank’s share capital (by 118 million) partly offset by an inflow of 61 million from an increase in the participation of Fairfax in Eurobank’’s share capital. For the 3-month... a sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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Deadly floods raise questions about ND's civil protection pledges as Covid-19 accelerates
PoliticsGreek Politicsto be introduced to flatten the curve. The government is hoping that the tighter measures, the checks and fines, and the efforts to encourage compliance, especially the young, will pay off
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PM aims to press ahead with reform agenda in face of scandals and pandemic
PoliticsGreek Politicsand better pay and conditions in the healthcare system. Covid-19 The hospital system in the greater... minister who promised to “come in like a steamroller” and flatten all obstacles to economic recovery
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Cabinet act firms up details of CoCos issuance by Greek banks
Economynot pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged
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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Economyto 300 euros were obliged to pay this amount by the end of July and not in instalments, which... if all taxpayers pay their income tax as budgeted, the respective revenues target for 2014... revenue targets included revenues of 884 million euros from the first two instalments of the new
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Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
EconomyBankingon the new bank recap framework mainly involves the drawn-out equity increase at Eurobank... losses under such a provision. Eurobank’s current stock price stands at 0.47 euros. This implied... full voting rights in banks previously fully recapitalized by the HFSF (such as Eurobank), unless its
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingEurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs... euros in their balance sheets. Eurobank sold a pool of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. As Eurobank communicated in its recent earnings call, 620
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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 submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingEurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme. In February, Eurobank announced... corporations and SMEs worth 2.7 billion euros. Eurobank’s statement at the time said that Cairo
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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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