Eurobank Group

Hellenic Bank reported a profit of 284.4 million euros for the first nine months of 2024, up from €240.7 million in the same period last year. Return on tangible equity on an annualized basis reached 23.7%, from 26.6% in 2023.

Greetings! So, yesterday, the “day after” PASOK’s first ballot, the atmosphere inside felt like Verdi’s “Requiem“. The general disappointment from the outcome isn’t just limited to Pavlos and Anna’s camps, but also to their 130,000 voters. While that’s significantly more than Androulakis’ 90,000 or Doukas’ 65,000, unfortunately, they ended up “split” in two and failed.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at 65.9 million euros, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at €65.9 million, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Eurobank Cyprus, the local subsidiary of the Eurobank Group with a presence in six countries, has acquired the 17% stake in Hellenic Bank held by Pimco to become the local lender's biggest shareholder, controlling 46.5% of its shares. 

Eurobank on Wednesday announced the launch of the Eurobank Digital Academy for Business, a digital skills resource center for Greek companies that treat technology as a key enabler and digital transformation as a growth strategy and a means to gain a competitive edge.

Grivalia Properties' investment program continues even though the real estate investment company is about to be absorbed by the Eurobank Group and cease operating as a REIC.

The planned merger between the Eurobank Group and Grivalia Properties that was announced on Monday is aimed at the full streamlining of Greece's third-largest lender through the drastic reduction of its portfolio of nonperforming exposures from 39 percent of all loans at end-September to 15 percent at end-2019 and below 10 percent in 2021.

The European Investment Bank (EIB) and Eurobank have signed a EUR 150 million loan agreement to finance eligible projects undertaken by small and medium-sized enterprises and midcaps operating in Greece.

The reason for the delay observed in the licensing of companies to manage nonperforming loans - whose applications have risen to 10, up from seven submitted by December - is the particularly demanding institutional framework. Out of the candidate companies, just one has received a license, with the other nine still pending.