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Eurobank
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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.
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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.