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  1. H1 bank results show performance stabilising, laying ground for further improvement

    EconomyBanking

    . Eurobank was the only bank out of the four systemic lenders to post weaker profits in this half... in H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310 million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6

    19%
  2. Are investors getting a bargain with Eurobank?

    Agora

    offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals... to a 6-month lock-up period and have also declared their intention to actively participate in Eurobank... Eurobank's second largest shareholder, controlling a stake of 29.6 percent. The next phase involves

    18%
  3. Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
    Photo by MacroPolis

    EconomyBanking

    In a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank... markets. According to the announcement, the transaction is marginally capital accretive for Eurobank

    18%
  4. Eurobank presents 2.12 bln equity raising plan to cover capital needs
    Photo by MacroPolis

    EconomyBanking

    Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were...) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among...) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could

    18%
  5. Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... significantly by Eurobank’s sale of a package of unsecured consumer loans with a nominal value of 1.5 billion euros to Sweden’s Intrum. The sale was finalised on November 13. Eurobank stated that around 600

    18%
  6. Eurobank net profits at 34.5 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing... part in reducing NPE stock going forward. Currently, Eurobank’s bad loan portfolio up for sale... for Eurobank. Under the adverse scenario, the bank’s CAD, including the effect of Tier II securities

    18%
  7. Alpha Bank and Eurobank start new year with further bad loan sales

    EconomyBanking

    next phase at the start of 2019, when Eurobank, which had announced its merger with Grivalia... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total... will retain the potential upside from the NPEs. Eurobank recorded net profits of 45.1 million euros in Q3

    18%
  8. Eurobank first to tackle NPL reduction via APS
    Photo by MacroPolis

    EconomyBanking

    Eurobank is planning to use 2.5 billion euros of state guarantees from the Hercules plan... the bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... and the Cairo securitisation mezzanine note following Eurobank’s call for binding offers from

    18%
  9. Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach

    Economy

    , thereby remaining above the 4 billion mark for a fifth consecutive month. The Jan-Nov figure... primary surplus at general government level at 812 million, with the 11-month state budget figure

    18%
  10. Newsletter 285 - 19/02/2021

    Newsletters

    investment budget came to 4.24 billion euros. Net revenues came to 3.85 billion euros, below target by 812... upon the release of the final budget execution bulletin due on Jan. 25. Meanwhile, Greece is pulling

    18%