Hints and tips:
...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....
...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....
...Fairfax would increase its stake in Eurobank from 18 per cent to 32.9 per cent through the merger....
...Eurobank Ergasias, Greece’s third-largest bank, has already embarked on the first stage of its clean-up....
...Eurobank asked Destiny in May to stop using its terminals for Chinese property transactions....
...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....
...The writer is chief executive of Eurobank Ergasias...
...This morning, Greek banks rallied: Piraeus tacked on 14 per cent, Alpha Bank and National Bank of Greece rose 10 per cent and Eurobank climbed 7.5 per cent....
...US investment firm KKR, Greece’s Alpha Bank and Eurobank announced a joint venture in May that would provide assistance, and potentially fresh capital, to larger companies struggling with their debts....
...Investors who hold the 2014 bonds include Greek lenders Eurobank, Piraeus and Attica, as well as Deutsche Bank, according to data from Bloomberg....
...The bonds are held by Greek lenders Eurobank, Piraeus and Attica, as well as Deutsche Bank, according to data from Bloomberg....
...Eurobank is up 9 per cent today and 28 per cent this week. National Bank of Greece has gained 4 per cent today and is up more than 14 per cent this week....
...., Eurobank Ergasias S.A., National Bank of Greece S.A., and Piraeus Bank S.A. to ‘CCC+’ from ‘SD’ or selective default....
...Eurobank successfully raised €2.9bn in 2014, to become the first Greek bank to return to private ownership after the crisis....
...However, his investment in Eurobank has proved less lucrative after Greek banks hit multiple stumbling blocks on their road to recovery....
...Had you put your money at the beginning of the year into Greece’s four biggest banks — Alpha, Piraeus, National Bank of Greece and Eurobank — then you would have lost less than betting on the Portuguese...
...National Bank of Greece shares have dropped 6.6 per cent since Mr Draghi’s comments on the matter, to trade down 3.9 per cent on the day, while Eurobank is off 3.2 per cent and Piraeus Bank has slipped 3.7...
...With a 30 per cent market share, Piraeus is significantly larger than Greece’s three other systemic banks — Alpha, Eurobank and National Bank of Greece — but it also has the highest percentage of bad debt...
...The evaluations are part of a drive to implement rigorous new criteria for how board members are chosen at National Bank of Greece, Alpha Bank, Eurobank and Piraeus Bank....
...That is why the senior bonds of Eurobank yield 11 per cent compared with an average eurozone senior bank bond yield of just over 1 per cent....
...The evaluations by the HFSF are part of a drive to implement rigorous new criteria for how board members are chosen at Greece’s four big banks: National Bank of Greece, Alpha Bank, Eurobank and Piraeus....
...And with their fourth capital-raising in five years behind them, Alpha Bank, Eurobank, Piraeus Bank and National Bank of Greece still offer decent plays on the country’s latest attempt at recovery....
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