EFG Eurobank Ergasias SA

Type: Company
Name: EFG Eurobank Ergasias SA
Nationality: Greece
Web Address: http://www.eurobank.gr/
First reported 20 hours ago - Updated 16 hours ago - 2 reports

ATHEX moves higher

Shares in ATHEX moved higher on Tuesday, after two successive positive sessions last week, ahead of the confirmation of Greece’s primary surplus by Eurostat tomorrow.General index moved 0.97% higher, ending up at 1260.72 points, while heavyweight shares ... [Published Capital.gr - 16 hours ago]
First reported Apr 21 2014 - Updated Apr 22 2014 - 2 reports

Eurobank and National are rushing to make the most of the favorable climate for Greece in global markets...more

Eurobank and National are rushing to make the most of the favorable climate for in global markets, as the former is beginning the process of its share capital increase this week and the latter is expected to open the book for its new five-year bond on ... [Published Balkans.com - Apr 22 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 3 reports

Eurobank share offering on April 25-29

Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29.The transaction offers further evidence that overseas investors are warming to ... [Published ekathimerini.com Latest News - Apr 18 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

National Bank of Greece plans bond launch

Bond is expected to have a five-year maturity with a yield of around 4.5% Athens: Greece’s second-largest bank plans to return to capital markets next week in the wake of a successful bond issue and two capital-raisings by rival Athens lenders.National ... [Published Gulf News - Apr 18 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

Greeces Eurobanks share offering to take place April 25-29

ATHENS, April 18 (Reuters) - Greece's third largest lender Eurobank, which is issuing new shares to help plug its capital shortfall, said on Friday that the cash call will take place from April ... ... [Published Big News Network - Apr 18 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 2 reports

Prem Watsa, Wilbur Ross Invest Almost Half a Billion in Greece's Eurobank

After a profitable investment in Bank of Ireland ( IRE ), Prem Watsa ( Trades , Portfolio ) and Wilbur Ross ( Trades , Portfolio ) have joined forces to lead a cash infusion into another of Europe’s stricken financial institutions, Eurobank Ergasias S.A. ... [Published Guru Focus - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Eurobank eyes top Core Tier 1 level in Greece

Eurobank chief executive Christos Megalou expressed certainty on Thursday that the lender’s share capital increase will be successfully completed very soon.In a letter sent to the group’s employees, Megalou wrote: “The completion of the increase will ... [Published ekathimerini.com Latest News - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 17 2014 - 2 reports

Greece's National Bank asks shareholders to approve capital increase

Greek lender National Bank (NYSE:NBHC) has said it would ask its shareholders to approve a capital increase of up to EUR2.5bn next month, Yahoo Finance reported on Wednesday. In a statement the bank said "The board has decided to call an extraordinary ... [Published Individual.com - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

UPDATE 1-Greece's bank bailout fund approves NBG's share issue - source

source (Adds background, context) ATHENS, April 16 NBG will be the fourth Greek bank to tap international markets after Alpha, Piraeus and Eurobank , seizing a window of opportunity to raise funds as foreign investors warm to Greek recovery prospects ... [Published Reuters - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Fairfax bets big on Greek turnaround

Fairfax Financial Holdings Ltd. has told investors it likes Greece, and on Tuesday made a big bet on the recovering nation. Now, investors may be hoping for some Irish luck.Fairfax is part of a consortium that is propping up Greece's third-largest lender ... [Published GlobeAdvisor - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

UPDATE 2-Fairfax-led group to invest in Eurobank in bet on Greek turnaround

* Fairfax, others bid for 47 pct of Eurobank share issue* Group offers 0.30 euros a share, a 25 pct discount* Move shows Greece back on investor radar screens (Recasts with bailout fund picking ... ... [Published Big News Network - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Fairfax-led group gets go-ahead to invest 1.3 billion euro in Eurobank

Greece’s banking system was handed a vote of confidence on April 15 as Eurobank was given the go-ahead for a share capital increase. A group of foreign investors will pump 1.3 billion euro into the Greek bank.The Hellenic Financial Stability Fund (HFSF) ... [Published The Sofia Globe - Apr 16 2014]

Quotes

...5bn next month, Yahoo Finance reported on Wednesday. In a statement the bank said "The board has decided to call an extraordinary general meeting on May 10 to approve a share capital increase... of up to 2.5 billion euros."
The analysts wrote, "Box Ships (TEU) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself."
Even back then, Mr. Watsa expressed confidence in the nation's recovery. "We believe that Greece has taken significant steps towards addressing many of the key areas of its economy, thus encouraging foreign investment and creating a positive momentum that will foster increased employment and development in the country" he said at the time
"With the Greek economy at a turning pointpoint one of the factors that will determine whether GDP (gross domestic product) expands is tourism activity, which has a high weighting in national output" the Foundation of Economic and Industrial Research said in its quarterly review

More Content

All (149) | News (139) | Reports (0) | Blogs (9) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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ATHEX moves higher [Published Capital.gr - 16 hours ago]
FTSE/ATHEX: appetite to move higher [Published Capital.gr - 20 hours ago]
Gulfport Energy Receives Consensus Recommendati... [Published Mideast Time - Apr 22 2014]
Eurobank and National are rushing to make the m... [Published Balkans.com - Apr 22 2014]
Eurobank and National eager to tap markets [Published ekathimerini.com Latest News - Apr 21 2014]
Jefferies Group Reiterates “Hold” Rating for DH... [Published American Banking News - Apr 21 2014]
Eurobank share offering on April 25-29 [Published ekathimerini.com Latest News - Apr 18 2014]
National Bank of Greece plans bond launch [Published Gulf News - Apr 18 2014]
Greeces Eurobanks share offering to take place ... [Published Big News Network - Apr 18 2014]
UPDATE 1-Greece's Eurobank says share offering ... [Published Reuters - Apr 18 2014]
Greece's Eurobank's share offering to take plac... [Published Reuters - Apr 18 2014]
Prem Watsa, Wilbur Ross Invest Almost Half a Bi... [Published Guru Focus - Apr 17 2014]
TheStreet Upgrades Box Ships to “Hold” (TEU) [Published Mideast Time - Apr 17 2014]
Eurobank eyes top Core Tier 1 level in Greece [Published ekathimerini.com Latest News - Apr 17 2014]
Prem Watsa Makes Huge Investment In Greece’s Eu... [Published Value Walk - Apr 17 2014]
Greece's National Bank asks shareholders to app... [Published Individual.com - Apr 17 2014]
Box Ships Stock Rating Upgraded by TheStreet (TEU) [Published American Banking News - Apr 16 2014]
Greece's National Bank to seek up to 2.5-bn eur... [Published Yahoo! UK and Ireland - Apr 16 2014]
UPDATE 1-Greece's bank bailout fund approves NB... [Published Reuters - Apr 16 2014]
Fairfax bets big on Greek turnaround [Published GlobeAdvisor - Apr 16 2014]
Eurobank Ergasias : Greek economy may grow in 2... [Published 4 Traders - Apr 16 2014]
Gulfport Energy Stock Rating Reaffirmed by Wund... [Published American Banking News - Forex - Apr 16 2014]
UPDATE 2-Fairfax-led group to invest in Euroban... [Published Big News Network - Apr 16 2014]
Fairfax-led group gets go-ahead to invest 1.3 b... [Published The Sofia Globe - Apr 16 2014]
Fairfax, other institutional investor take big ... [Published Brandon Sun - Apr 15 2014]
Greek bank bailout fund picks Fairfax as anchor... [Published Big News Network - Apr 15 2014]
Fairfax-led group to invest in Eurobank in bet ... [Published Globe and Mail - Apr 15 2014]
Fairfax-led group to invest in Eurobank in bet ... [Published Reuters UK - Apr 15 2014]
Fairfax-led group to invest in Eurobank in bet ... [Published NewsRT.co.uk - Apr 15 2014]
WILBUR ROSS : Fairfax-led group to invest in Eu... [Published 4 Traders - Apr 15 2014]
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Eurobank and National eager to tap markets [Published ekathimerini.com Latest News - Apr 21 2014]
Eurobank and National are rushing to make the most of the favorable climate for Greece in global markets, as the former is beginning the process of its share capital increase this week and the latter is expected to open the book for its new five-year ...
Eurobank share offering on April 25-29 [Published ekathimerini.com Latest News - Apr 18 2014]
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29.The transaction offers further evidence that overseas investors are warming to ...
Eurobank eyes top Core Tier 1 level in Greece [Published ekathimerini.com Latest News - Apr 17 2014]
Eurobank chief executive Christos Megalou expressed certainty on Thursday that the lender’s share capital increase will be successfully completed very soon.In a letter sent to the group’s employees, Megalou wrote: “The completion of the increase will ...
Greek rebound is astonishing [Published Hugo Dixon - Reuters.com - Apr 08 2014]
Greece is undergoing an astonishing financial rebound. Two years ago, the country looked like it was set for a messy default and exit from the euro. Now it is on the verge of returning to the bond market with the issue of 2 billion euros of five-year ...
Greece's Eurobank says plans 3-bln-euro capital... [Published ekathimerini.com Latest News - Apr 04 2014]
Greek lender Eurobank announced on Friday, as expected, it planned to sell up to 3 billion euros ($4.1 billion) worth of new shares to plug a capital hole.Eurobank, which is almost fully-owned by Greek bank bailout fund HFSF, has a capital shortfall of ...
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