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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingEurobank 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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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingsystemic 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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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingEurobank 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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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingEurobank 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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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingEurobank 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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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingIn 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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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingEurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4... insurance unit, Eurolife ERB. For the whole year, Eurobank turned profitable for the first time.... Based on the current stock price of 0.583 euros, Eurobank share is trading 0.23x its Q4 tangible book
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingEurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly.... It was also announced that Eurobank plans to sell a consumer NPL portfolio of 1.5 billion, of which 600... to be completed by October, the bank’s total capital ratio is seen at 17.1 percent. Eurobank is also
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingEurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8... with Grivalia is set to leave Eurobank with the highest total capital ratio in Greece. P&L NII rose... percent. Fokion Karavias, CEO of Eurobank, noted that the bank had met all its strategic and business
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Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
EconomyBankingEurobank posted a net profit of 287.2 million euros in Q1, compared to 159.4 million euros... billion euros, down by 800 million euros YoY. Eurobank’s NPE ratio stood at 3 percent in Q1, down by 2.1... 17.2 percent, up by 170 basis points annually. Eurobank expects to distribute a dividend of 342 million
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