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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingEurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016... As with Piraeus’s announcement on Tuesday, the most important aspect of Eurobank results related... exposure (NPE) reduction by the end of 2019. Specifically, Eurobank recorded a slight negative non
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Eurobank raises 500 mln with covered bond issue
EconomyBankingEurobank became the second major Greek bank to return to the international markets... percent. Eurobank had drummed up interest for the issuance via a four-day roadshow in London, Milan.... Eurobank’s covered bond sale, the second from a Greek bank within the month, will contribute towards easing
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingEurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing... in corporate loans. Eurobank noted that it currently has around 4,800 properties under its repossessed real... the GEMI company registry in anticipation of their absorption by Eurobank. The fully loaded Basel III
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBanking. Eurobank SPV Piraeus Bank is the second of Greece’s four systemic banks to take the approach..., Eurobank confirmed that the merger with Grivalia Properties was completed during May, with the latter ceasing trading on May 20. The merger took Eurobank’s CAD ratio to a best-in-class 18.2 percent, which
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingEurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net... in Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has... and 11.9 in H1 2018. Fokion Karavias, CEO of Eurobank, commented that the current results kept
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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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Greek stocks edge down 1.3 pct during week, banks perform poorly again
Economy(+4.7 percent). In contrast, two of the four core banks were the top underperformers, with Eurobank... activity peaked on Friday’s closing due to the Stoxx rebalancing. Alpha, Eurobank and OTE shares... supply contract with Aluminium of Greece (wholly owned subsidiary of Mytilineos) Aegean Airlines
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New Democracy targets SYRIZA over law and order, independent institutions
PoliticsGreek Politics. One of the issues which it has regularly turned to over the last couple of years is law and order
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