Eurobank Ergasias
ATHEX: Bank stocks take 10 pct nosedive
Credit sector stocks led the benchmark of the Greek bourse further below the 600-point mark on Wednesday. It followed the relegation of the domestic banks' outlook from positive to stable by Moody's, and the restructuring of the MSCI index, which also sent trading volume to its highest point in 15 sessions.
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E-Kyklos event to debate Greek economy
The Athens-based E-Kyklos think tank is organizing an online public debate on Wednesday evening titled "The Pandemic and the Strength of the Greek Economy: The Day After," featuring former deputy prime minister Evangelos Venizelos, the chairman and chief executive officer of Mytilineos, Evangelos Mytilineos, Eurobank's CEO Fokion Karavias, the president of the Greek Tourism Confederation, Yiann
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Bank of Greece says $26.3 bln bad loans serviced by specialist firms in Q4
Credit servicing firms (CSFs) licensed by Greece's central bank were servicing a total of 23.5 billion euros ($26.3 billion) of non-performing loans at the end of December, it said on Monday.
Eurobank lowers loan-loss provisions
Greece's third-largest lender Eurobank raised its net profit in 2019 as provisions for impaired loans eased and said it would now be focusing on profitability.
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Eurobank completes hypermarkets acquisition
Eurobank on Thursday announced the completion of the acquisition of properties housing four Sklavenitis hypermarkets - two in Athens and two in Thessaloniki - with a total area of 90,000 square meters.
These were the properties former subsidiary Grivalia Properties Real Estate Investment Company had agreed to acquire in March 2019.
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Eurobank grows 2019 profit, loan-loss provisions ease
Greece's third-largest lender Eurobank on Thursday reported higher full-year 2019 net profit compared to a year earlier as provisions for impaired loans eased.
Eurobank, which is 2.4 percent owned by the country's HFSF bank rescue fund, reported net earnings of 127 million euros ($140.86 million), up 36.2 percent from 93 million euros in 2018.
ATHEX: Stocks stage big recovery after week of major losses
The Greek bourse rebounded on Tuesday in a faster and more impressive fashion than was expected, after its worst week in over five years. While coronavirus concerns have not subsided, the recovery in US markets on Monday and hopes for action from central banks boosted prices.
ATHEX: Bourse sinks even further
The Greek stock market reacted to news of the first coronavirus case in Athens - plus a second in Thessaloniki - with a fresh selling spree on Saturday, closing the session on the day's low, which points to fresh losses on Friday. The cancellation of Carnival festivities around the country this weekend is also set to hurt local economies.
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Eurobank applies to join Hercules bad-loan scheme
Eurobank has applied to take part in Greece's Hercules bad loan reduction scheme via a 7.5-billion-euro securitization, the country's third-largest bank said.
Banks in Greece have been working to reduce a pile of about 75 billion euros in bad loans, a legacy of a financial crisis that shrank the country's economy by a quarter.
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Eurobank puts hundreds of properties up for sale
Eurobank is putting its fourth portfolio of properties up for sale in the context of a broad program for relieving its financial report of the burden of real estate assets; they amount to 5,100, not including those of former subsidiary Grivalia. The portfolio sale constitutes Eurobank's biggest to date.
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