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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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Newsletter 235 -17/01/2020
motor vehicles going into circulation for the first time jumped by 21 percent year-on-year (YoY... was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion
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Early IMF repayment next goal for Athens after concluding second post-MoU review
EconomyProgrammethat it can pay off early at least some of the 10 billion euros it owes to the International Monetary.... However, it had underestimated the importance and attention that the lenders would pay to the new... creditors due to the pari passu clause. “Also from the ESM perspective, it would make sense to repay
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Newsletter 47 - 16/10/2015
owners to pay tax on rent they had not been able to collect. However, the Finance Ministry withdrew both..., particularly for 2015. Eurobank Economic Research projected that GDP would contract 4 percent QoQ... of a ready-for-a-scrap bus to carry the motor-mouthed MP’s outside chances as he tries to convince voters
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Seven in 10 Greeks raiding savings to pay bills, two in 10 have no deposits
Societyinto their savings to cover basic costs and pay their growing tax bills. Of course, this has a knock
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Part-time work, low pay characterise crisis-era job market
Societypercent of men). Just 57 percent reported receiving their pay on time and without problems, 33
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