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...The level of investment from Eurobank, which manages €5bn of assets, has not been disclosed....
...At the end of last year, the government sold stakes in National Bank, Eurobank and Alpha Bank. Greece is an unlikely market darling....
...Greek banks were among the top risers, with shares in Eurobank Ergasias Services and Holdings, Alpha Services and Holdings and the National Bank of Greece increasing by between 9 and 13 per cent....
...Banks were among the biggest movers, with Eurobank up 8.5 per cent, National Bank of Greece up 15.3 per cent and Piraeus Financial Holdings rising 13.5 per cent....
...Fokion Karavias, chief executive of Greek lender Eurobank, said the return to investment grade — to which not only the government’s borrowing costs but also those of local lenders and corporates are inextricably...
...“Real estate prices will hardly be distorted as the scheme is expected to apply to about 10,000 people,” said Eurobank’s chief executive, Fokion Karavias....
...Fokion Karavias, chief executive of Greek lender Eurobank, acknowledged that the scheme was aimed mainly at larger companies that are regarded as solvent and profitable....
...Greek rival Eurobank last year completed the sale of its €7.5bn Cairo portfolio of soured loans, which halved its NPL exposure....
...Rival Eurobank completed the sale of its €7.5bn Cairo portfolio earlier this month — halving its NPL exposure. Deals are expected from National Bank of Greece and Piraeus Bank....
...Eurobank sold €1.5bn of unsecured consumer loans last year, while National Bank of Greece, Piraeus and Alpha Bank aim to sell a total of more than €11bn of NPLs this year....
...Stanley; Alstria Office raised to “buy” at HSBC; Coats rated new “buy” at Stifel; EQT rated new “overweight” at JPMorgan, rated new “equal-weight” at Morgan Stanley and new “neutral” at Goldman Sachs; Eurobank...
...Fairfax would increase its stake in Eurobank from 18 per cent to 32.9 per cent through the merger....
...Eurobank hopes to cut NPLs to 15 per cent by the end of 2019 and to single digits by 2021. Yet the struggle to make the banks investible again is far from over....
...Pimco, the $1.8tn US asset manager, invested in a €2bn deal backed by Greek mortgages from Eurobank this year, for example....
...Eurobank Ergasias, Greece’s third-largest bank, has already embarked on the first stage of its clean-up....
...The bank hit the 12 per cent target thanks to a mix of asset disposals, including Eurobank in Poland, the reduction of risk-weighted assets, particularly in its investment bank, and the decision to pay some...
...Eurobank sold €1.5bn of unsecured consumer loans to Intrum last year, while National Bank of Greece, Piraeus and Alpha Bank plan to sell a total of more than €11bn of NPLs this year....
...Eurobank asked Destiny in May to stop using its terminals for Chinese property transactions....
...Capital; Axel Springer cut to “hold” at Kepler Cheuvreux; Centrica rated new “underperform” at Macquarie; Continental cut to “underweight” at JPMorgan; DBV Technologies rated new “buy” at Goldman Sachs; Eurobank...
...“buy” at Kepler Cheuvreux; Auto Trader cut to “neutral” at Citigroup; Dormakaba cut to “reduce” at HSBC; EDP Renováveis upgraded to “buy” at Goldman Sachs; ETE raised to “overweight” at Morgan Stanley; Eurobank...
...Eurobank shares fell almost 15 per cent, while National Bank of Greece was down 5.5 per cent and Alpha Bank fell 3.3 per cent....
...Eurobank has become the latest Greek bank to tap capital markets, selling a covered bond that bankers say is designed to be eligible for ECB purchases....
...Eurobank has hired Barclays, Commerzbank, Goldman Sachs International, JPMorgan, NatWest Markets and UBS Investment Bank on the deal....
...Eurobank agreed to sell €1.5bn of unsecured consumer loans to Sweden’s Intrum last year, while NBG, Piraeus and Alpha plan to sell a total of more than €11bn of NPLs this year....
...Fiat considers sale of robotic arm Comau for up to $2.3bn (BBG) Bayer looks at options for consumer brands, animal health (Reuters) Insider share purchases: money where their mouth is (Lex) Greece’s Eurobank...
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