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Eurobank
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EconomyBanking
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter Eurobank’s results for the third quarter (Q3) of the year showed net profits after income tax at 61.2 million euros compared to net profits of 37.3 million euros in Q2, a rise of 64.1 percent.
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EconomyBanking
Eurobank raises 500 mln with covered bond issue Eurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.
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EconomyBanking
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.
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EconomyBanking Eurobank stays profitable in Q1 with net earnings of 36.5 mln Eurobank's Q1 results reported net profits of 36.5 million euros, slightly lower than the Q4 2016 figure of 38.3 million.
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EconomyBanking Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016 Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
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EconomyBanking
Greek banks conclude series of corporate actions as part of restructuring Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
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EconomyBanking
Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter.
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EconomyBanking Eurobank remains profitable with net profits of 46.2 mln in Q2 Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2 million in the second quarter (Q2) of 2016 from 60.2 million in the previous quarter.
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EconomyBanking Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln Eurobank 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.
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EconomyBanking
Alpha, Eurobank sign agreement with KKR for management of NPLs In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.