An administrative fine of 150,000 euros was imposed by the General Secretariat of Trade and Consumer Protection of the Ministry of Development and Investments on EUROBANK, because in a housing loan contract it was found that the bank implemented a general transaction term that provided for the calculation of interest based on a year of […]
Tag: Eurobank
HSBC: New target prices for Greek banks after strong second quarter
HSBC revised upwards its estimates for the profits and target prices of Greek banks, after the stronger than expected second quarter they announced. In particular, it says that Greek banks surprised with strong loan growth, a faster readjustment of securities on their books and strong fee income in the second quarter, adding that the positive […]
Bank profits in 2022 that investors expect
By Leonidas Stergiou By watching the presentations of the first semester results of the four systemic banks and then reading the analyzes of the analysts who took part in the teleconferences and the questions they asked, four main findings emerge: Firstlyoverall profitability this year will likely be higher than the targets communicated by the banks […]
Eurobank: Which groups of goods and services kept inflation high in July
Eurobank focuses on the groups of goods and services that kept inflation at high levels in Greece in July in its weekly economic report “7 Days Economy”, where it also comments on the increase in the deficit of the merchandise trade balance in the six months. As reported by Eurobank, the annual rate of increase […]
DBRS: Great progress of Greek banks, chances of slowing positive momentum
The improved H1 results of the four systemic banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) reflect the significant progress made in recent years in de-risking and restructuring, along with the recovery of the Greek economy since the coronavirus pandemic, as noted by the Canadian company DBRS Morningstar. However, he notes, the […]
DBRS: Possible pressure on Greek banks due to economic slowdown
By Leonidas Stergiou The improved results of the four Greek systemic banks in the first half of the year reflect the significant progress made in reducing their risk and restructuring in recent years, together with the recovery of the Greek economy from the pandemic. However, the positive momentum is likely to come under pressure due […]
Banks: What the presentations to analysts ‘reveal’ for the second half of the year
Of Leonida Stergiou A jump in organic profitability, lower non-recurring income and expenses and a single-digit percentage of bad loans were the main features of the results of the second quarter and first half of the four systemic banks. Organic profitability was strengthened mainly due to interest income and commissions from an increase in business […]
The acceptance of the telecommuting model at Eurobank exceeded 80%
By Leonidas Stergiou On June 24, the hybrid working model at Eurobank started, which gives the option of teleworking for two to three days a week. The acceptance rate from the workers who could join this work program exceeds 80%. This hybrid work model, which is called “Work@Home-Work on Premises” applies to all employees in […]
Banks: Towards the end of the long-term effort to consolidate their balance sheets
The end of the long-running bank consolidation effort is now in sight, according to the main international financial and investment houses. Greek banks are turning the page, moving beyond the stage of clearing their balance sheets of their non-performing exposures (NPEs) and turning to supporting economic growth and credit expansion. The main factors boosting the […]
Eurobank: Signs of slowdown in economic activity from high-frequency indicators
Operating conditions in the manufacturing sector in Greece worsened in July, worsening for the first time since February 2021, while economic sentiment also fell to a 15-month low, according to S&P Global’s manufacturing PMI and IOBE’s economic sentiment index, as notes Eurobank in its weekly economic analysis. According to the bank, these performances, similar to […]