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  1. Greek stocks down 5.1 pct over week as investors remain cautious

    Economy

    with Eurobank plummeting 35.5 percent followed by Alpha (-31.9 percent), NBG (-29.8 percent) and Piraeus... then it remains below the 50-million mark for the eighth straight week. Corporate news Eurobank released

    5%
  2. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    are reportedly due on October 20 at midnight. A similar trading update was also disclosed by Eurobank... to corporate loans. Eurobank NII rebounded 1.1 percent QoQ to 377.9 million largely led by lower

    5%
  3. ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    Economy

    reflects a rise in the non-performing exposure (NPE) by 7 billion. Eurobank showed the lowest capital... by Alpha, Eurobank and Piraeus. In addition, for NBG we would expect its capital plan to include

    5%
  4. Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB

    EconomyBanking

    stood at 12.5 percent at the end of September. Eurobank NII improved 1.4 percent QoQ in Q2, largely... the adverse stress test scenario) at 2.12 billion euros for Eurobank, 2.74 billion for Alpha, 4.6

    5%
  5. Greek stocks edge up in week of big losses for banks

    Economy

    by Piraeus (-65.1 percent) followed by NBG (-44.6 percent), Eurobank (-34.6 percent) and Alpha (-18.6... on Friday when it fell below the 30-million mark. Corporate news Eurobank said on Wednesday evening

    5%
  6. Stock market slips 1.4 pct dragged by huge bank losses

    Economy

    , followed by Piraeus (-33.3 percent), Eurobank (-17.6 percent), Alpha (-17.5 percent) and Hellenic... in the previous week. Corporate news Alpha, Eurobank and Piraeus stocks temporary ceased trading as of Friday

    5%
  7. Greek stocks up for second straight week, rising by 5.5 pct

    Economy

    by: Piraeus (+19.1 percent), Eurobank (+16.4 percent) and Hellenic Exchanges (+15.5 percent). In contrast... adjusted net profit rose by 25 percent to 64 million. Next week, Eurobank and Alpha release Q4

    5%
  8. Greek stocks surge 9 pct, up for third successive week

    Economy

    percent since the beginning of the year. Top gainers this week included Eurobank (+43.3 percent), Piraeus... Eurobank posted on Wednesday a net loss of 175.3 million euros in the fourth quarter (Q4) reflecting

    5%
  9. Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
    Photo by MacroPolis

    EconomyBanking

    Assistance (ELA) funding. Similarly to Alpha and Eurobank, Piraeus also posted a marked QoQ rebound... (DTC) at 4.1 billion. Similarly to Alpha and Eurobank, the bank expects a positive bottom line in 2016

    5%
  10. Piraeus first Greek bank to repay Pillar II bonds, others to follow
    Photo by MacroPolis

    EconomyBanking

    value of Pillar II bonds stood at 15.4 billion, with the highest amount held by Eurobank (5.5 billion... 2014, while Eurobank still holds preferred shares of 950 million. In addition, NBG’s preferred shares

    5%