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Eurobank: From nationalisation to re-privatisation

Tue, 06 May 2014 07:32:00 GMT

Few people noticed in July 2012 that a press release published by Eurobank concerning the intention..., which controlled 44.7 percent of Eurobank shares at that time, intended to transfer 43.55 percent... 4.4 percent of Eurobank shares, while the EFG Group would retain 1.15 percent. Following

Eurobank gears up for crucial but contentious capital increase

Tue, 15 Apr 2014 09:35:00 GMT

Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month...) at Eurobank approved on April 12 a capital increase of 2.86 billion to address its 2.95 billion capital... ahead of the release of BoG stress test results. At the time Eurobank had already experiencing a capital

Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means

Thu, 19 Nov 2015 10:00:00 GMT

Two of the four systemic Greek banks, Alpha and Eurobank, have announced the completion... capital would be reduced to around 11 percent from its current level of 66.24 percent. Eurobank Eurobank... in capital mitigating actions approved by the SSM. This means that Eurobank will also avoid needing any

Eurobank to merge with Grivalia Properties and create SPV to cut bad loans

Mon, 26 Nov 2018 10:59:00 GMT

One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third... percent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... including housing, consumer and business. In its nine-month results, Eurobank listed 14 billion euros

Eurobank sells insurance arm to Fairfax for 316 mln

Wed, 23 Dec 2015 08:08:00 GMT

Eurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax... of Eurobank’s initial restructuring plan approved by the European Commission in April 2014, which... the transaction, Eurobank will retain a 20 percent stake in Eurolife. The cash consideration for the 80 percent

Eurobank’s NPL sales take major step with two transactions

Fri, 28 Jun 2019 07:51:00 GMT

Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria...-named Project Pillar by Eurobank. In an announcement on their website, Eurobank outlined the terms... Cairo. Bravo Strategies also agreed to the sale of a majority stake in Project Europe, Eurobank’s

Eurobank net profits at 256.7 mln in 2019

Fri, 13 Mar 2020 08:13:00 GMT

Eurobank recorded net profits of 107.6 million euros in the fourth quarter (Q4) of 2019 compared... government’s Hercules scheme for reducing bad loans received its first application from Eurobank.... In a statement of their own, Eurobank outlined that Cairo I and II had been submitted for inclusion

Are investors getting a bargain with Eurobank?

Wed, 16 Apr 2014 16:47:00 GMT

offer submitted by a consortium of investors for Eurobank’s capital increase. The approval signals... to a 6-month lock-up period and have also declared their intention to actively participate in Eurobank... Eurobank's second largest shareholder, controlling a stake of 29.6 percent. The next phase involves

Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad

Sat, 18 Jul 2015 07:54:00 GMT

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... markets. According to the announcement, the transaction is marginally capital accretive for Eurobank

Eurobank presents 2.12 bln equity raising plan to cover capital needs

Wed, 04 Nov 2015 07:43:00 GMT

Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were...) and a stress test under a baseline and an adverse scenario. Eurobank’s capital needs were the lowest among...) and 78 million to Tier 1 securities (at 50 percent). As we have previously noted, Eurobank could