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Eurobank
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EconomyBanking
Banks discover stress test assumptions, results due in July The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
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EconomyBanking HFSF sets out bank divestment strategy, marking final chapter in turbulent story The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
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EconomyBanking
Business transformation paying off as Eurobank records 932.3 mln profit in 9M Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
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EconomyBanking
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1 Eurobank posted an adjusted net income of 759.7 million euros in the first half of 2022 (H1), compared to a profit of 195.1 million euros last year.
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EconomyBanking
Helped by trading gains, Eurobank posts 305 mln in Q1 profits Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
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EconomyBanking
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct Eurobank posted a net income of 328.5 million euros in the full 2021, compared to a loss of 1.22 billion euros the previous year. Adjusted net profit was 424.3 million euros, from profits of 538.1 million in 2020.
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EconomyBanking
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022 Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.
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EconomyBanking Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs by the end of next year.
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EconomyBanking Eurobank profitability rises in 9M, Mexico securitisation takes NPE ratio to 7.3 pct Eurobank posted a net income of 216 million euros in the first nine months (9M) of the year, compared to a loss of 1.08 billion euros in the same period last year.
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EconomyBanking
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.