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Eurobank
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EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
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EconomyBanking
Eurobank net profits at 34.5 mln in Q1 Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.
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EconomyBanking
Banks focus on defining challenge of reducing NPEs Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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EconomyBanking
Bank stress tests find no capital needs, clearing path for MoU exit The European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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EconomyBanking
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
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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.