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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingin Greece. Also during June, Eurobank announced that it had entered into a binding agreement with PIMCO’s... been code-named Project Pillar by Eurobank. The bank will retain 100 percent of the senior notes... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking’s Greek operations by the end of 2022. Eurobank Eurobank is planning to leverage 7.5 billion euros... Eurobank SA as part of the bank’s plans to consolidate its balance sheet. The current legal entity
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Newsletter 241 - 28/02/2020
from Eurobank As was widely anticipated, since it had been trailed by Economic Affairs Commissioner... of the country’s four systemic banks received its first application this week from Eurobank... and loan types which the bank has classified as Cairo I, II and III. In a statement of their own, Eurobank
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingits first application from Eurobank. The application related to two of the bank’s three... in total. Last week, Eurobank submitted the final arm of its securitisation, Cairo III..., but those plans now look likely to be put on hold due to the coronavirus. So far, Eurobank remains
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingyear. Eurobank recorded net results of an adjusted profit of 176 million euros in H1 compared to net... ratio stood at 64 percent, while total coverage including collateral came to 117 percent. Eurobank’s... extended payment moratoria to around 2.2 billion euros-worth of mortgages. Eurobank has extended
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Banks moving at pace on road to recovery
EconomyBanking, Alpha Bank - last week - and Eurobank - earlier in the year - issued senior preferred bonds of 500..., callable at 5.5 years. At the end of April, Eurobank had secured a re-offer yield of 2.125 pct and had..., with Piraeus Bank at B3 from Caa2 and Alpha, Eurobank and NBG at B2 from Caa1.
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Newsletter 401 - 10/11/2023
from 46 pct for Alpha Bank, close to 60 pct for Piraeus and 55 pct for Eurobank. The latest set of results built on the positive momentum in the sector, which started a few weeks ago with Eurobank’s... lenders continue to be expansive in their business plans in the region after Eurobank grew its stake
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Racism in Greece is getting worse and authorities are to blame, damning report suggests
Societya system for recording racist crimes, properly investigating policemen accused of racism, protecting... to react to this criticism by clamping down on the extremist party and purging the police of its
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University bill a source of friction but govt unlikely to be ruffled
PoliticsGreek Politicswith more funding and better facilities rather than to spend money on hiring extra policemen to guard... party has not hidden the fact that it wants to be seen to be clamping down on, actual or perceived
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Car sales continue upward course as registrations increase by 33.1 pct in March
EconomyMacroeconomypercent in March and 22 percent to March. Almost half of the first-time circulated road motor cars were observed in the prefecture of Attica (Athens, Piraeus and the suburbs). In 2013, road motor cars
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