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Eurobank
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EconomyBanking
Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016 Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
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EconomyBanking
Eurobank sells insurance arm to Fairfax for 316 mln Eurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax for the sale of an 80 percent stake in the bank’s insurance subsidiary Eurolife.
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EconomyBanking Eurobank presents 2.12 bln equity raising plan to cover capital needs Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were announced by the ECB on Saturday.
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EconomyBanking Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
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EconomyBanking Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad In a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank.
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EconomyMacroeconomy
Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
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EconomyBanking Eurobank posts loss of 523.7 mln in Q4 2014 Eurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6 million in Q3.
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EconomyBanking Eurobank reports loss of 186.6 mln in Q3 Eurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2.
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EconomyBanking Eurobank reports net loss of 301.1 mln in Q2 Eurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million in Q1.
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EconomyBanking
Eurobank records net loss of 207.4 mln in Q1 Eurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros in Q1 2014 from 913.1 in Q4 2013.