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  1. Eurobank sells insurance arm to Fairfax for 316 mln
    Photo by MacroPolis

    EconomyBanking

    Eurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax... of Eurobank’s initial restructuring plan approved by the European Commission in April 2014, which... the transaction, Eurobank will retain a 20 percent stake in Eurolife. The cash consideration for the 80 percent

    10%

  2. Eurobank’s NPL sales take major step with two transactions
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria...-named Project Pillar by Eurobank. In an announcement on their website, Eurobank outlined the terms... Cairo. Bravo Strategies also agreed to the sale of a majority stake in Project Europe, Eurobank’s

    9%

  3. Eurobank net profits at 256.7 mln in 2019
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared... government’s Hercules scheme for reducing bad loans received its first application from Eurobank.... In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion

    8%

  4. 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

    7%

  5. 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

    7%

  6. 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

    6%

  7. 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

    5%

  8. 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

    5%

  9. 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

    5%

  10. 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

    5%