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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 net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingEurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared... million euros of liquidations. In mid-October, Eurobank announced that it had signed an agreement... in Q2. Eurobank CEO Fokion Karavias noted the recent volatility that had affected the share price
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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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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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Restrictive leaders' debate produces little to move election needle
PoliticsGreek PoliticsWednesday night’s leaders’ debate did not seem to produce any surprises of the kind that could greatly affect the outcome of the May 21 elections, which New Democracy is on course to win, according to all opinion polls. The restrictive format of the televised debate, which involved the leaders
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy177 million last year. Despite the strong fiscal performance, both figures fell short of monthly... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
EconomyMacroeconomypercent. Excluding the impact of oil products and the value of ships, imports increased by 1 percent, while exports rose by 16 percent. Stripping out the value of oil products and ships, the trade.... Imports rose by 1.7 percent, while exports dropped by 2.2 percent. Excluding the value of oil products
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