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Eurobank
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EconomyBanking
Eurobank net profits from continued operations fall by 12.2 pct in 2018 Eurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent.
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EconomyBanking
Eurobank to merge with Grivalia Properties and create SPV to cut bad loans One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.
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EconomyBanking Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time Eurobank recorded net profits of 45.1 million euros in the third quarter (Q3) of 2018 compared to profits of 1.1 million in the previous quarter.
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EconomyBanking
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
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EconomyBanking
Banks try to build on growing confidence With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
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EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
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EconomyBanking
Eurobank net profits at 34.5 mln in Q1 Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
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EconomyBanking
Banks focus on defining challenge of reducing NPEs Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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EconomyBanking Bank stress tests find no capital needs, clearing path for MoU exit The European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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EconomyBanking Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.