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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingEurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme. In February, Eurobank announced... corporations and SMEs worth 2.7 billion euros. Eurobank’s statement at the time said that Cairo
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingEurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13..., Eurobank said that fewer of its loans turned sour than it expected in the first quarter, as pandemic-related moratoria mostly expired. “In the first quarter, still in pandemic-driven mode, Eurobank performed
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingEurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2. This quarter’s results incorporate a one-off positive impact of 168.1 million fully attributed... and housing loans. The management estimates zero deleveraging in Q4 and positive credit growth
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingEurobank reported net profit of 60.2 million euros in the first quarter (Q1) of 2016 from a loss of 94.4 million in the previous one. This was the first profitable quarter for the bank after... its previous more optimistic estimates on deposit gathering in Greece, the management stated during
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How Greek banks moved into a new era
Agoraof the domestic banking landscape. At the end of that part, four banks - Alpha, Eurobank, National... private investors. The remainder was covered by the Hellenic Financial Stability Fund (HFSF). Eurobank... in Piraeus and 84 percent in Alpha and National. HFSF stake in Eurobank was 95.2 percent with full
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingEurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million... ratio further rose to 51.1 percent from 50.3 percent in Q1 and 43.4 percent last year. Eurobank’s... percent stake sale in Eurobank Properties. In addition, the amount of deferred tax asset (DTA
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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 sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingEurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared... reduction strategy, Eurobank’s latest offering is the property-related Pixel portfolio, which has... percent. The fully loaded Basel III CET1 ratio came to 11.9 percent from 12 percent in Q1. Eurobank CEO
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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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