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Newsletter 36 - 24/07/2015
, particularly abroad. That said, Alpha and Eurobank announced the acquisition of the Alpha branch network in Bulgaria by Postbank, Eurobank’s subsidiary in that country. According to a joint statement on July 17, the transaction is marginally capital accretive for Eurobank and capital neutral
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Greek stocks on slide for third straight week
Economycapital shortfall (Alpha and Eurobank) or the capital needs of the baseline stress test scenario (NBG... (-23.2 percent), NBG (-23 percent) and Eurobank (-18.8 percent). Despite an uptick on Friday... EGM on Saturday followed by Piraeus on Sunday, Eurobank on Monday and NBG on Tuesday. Next week
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NBG strengthens capital at deep discount, falls short of initial target
AgoraFollowing Alpha and Eurobank, National Bank (NBG) announced on Thursday evening the successful... of 300 million. Alpha and Eurobank raised capital and fully covered their capital shortfall only...) and Eurobank (52.4 percent) announced earlier this week. The bank will also proceed with a reverse split (1
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Weak banks drag Greek stocks down by 6.5 pct during week
Economyand Eurobank new shares commenced trading on Wednesday. The government has to implement the second list... by Piraeus (-35 percent), Eurobank (-33.9 percent), Alpha (-17.9 percent) and Ellaktor (-11.4 percent... activity involving block trades in Alpha and Eurobank related to the transfer of new shares
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Greek stocks down by 4.8 pct during week for third straight fall
Economypercent), Eurobank (+0.5 percent) and Piraeus Port – OLP (+0.1 percent) had resilient performances... with the bulk of the trading activity concentrated in Alpha, Eurobank and Piraeus shares largely reflecting... to 1.11. MSCI announced that Alpha and Eurobank will be maintained in the Mid Cap segment of the MSCI
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraenhanced with two banks, NBG and Eurobank posting net profit of 87 and 60 million euros respectively... the lowest contribution (52 percent) of DTA to TE with Eurobank at the high end at 91 percent. Alpha... and the second market capitalisation with its P/TE ratio at 0.33x, while Eurobank TE of 5.34 billion
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Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
Economy, namely Eurobank (+5.8 percent), Alpha (+3.9 percent) and NBG (+3.2 percent). On the flipside... to 108 million from 93 million last year. The shares of Alpha, Eurobank and Hellenic Telecom (OTE... and Eurobank and NBG on August 31.
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Greek stocks climb 5 pct on week led by double-digit bank gains
Economystrongly rebounded in the next three sessions, also in the wake of Piraeus and Eurobank third-quarter... year to date. Piraeus and Eurobank excelled with solid gains of 27.8 and 26.2 percent respectively...) and exposure (NPE) stock by 58 and 41 percent respectively by the end of 2019. On Wednesday, Eurobank also
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingMoody's predicted that Eurobank and National Bank of Greece are best positioned to meet the targets... stated. Eurobank’s Project Pillar non-performing loan sale is moving to its next phase and attracted... a combination of loan portfolio sales along with the sale of a stake in FPS, Eurobank is expecting
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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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