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EUROBANK
Completion of the sale of 8.58% of Demetra Holdings
The sale of Demetra Holdings' 8.58% stake in Logicom has been completed, according to an announcement by Eurobank, with the price amounting to approximately €27 million.
Eurobank and Alpha Bank top picks from Eastern Europe
Morgan Stanley selects Eurobank and Alpha Bank shares for 2025, stating that the domestic banking system is the growth story of 2025 for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.
Singles out Eurobank and raises the target price for the stock
UBS upgrades its target price for Eurobank to €3 from €2.7 previously and maintains its buy recommendation while raising its earnings per share estimate, with a significant contribution to these estimates due to the full integration of Hellenic Bank.
Started the merger process with Eurobank
The Board of Directors of Eurobank Holdings has decided to start the merger process with Eurobank, with the former being absorbed by the Bank, according to a relevant announcement.
Raised €600 million with offers of more than €3.3 billion
Reports indicate that Eurobank's senior bond exit saw strong demand, leading the bank to ultimately raise €600m instead of the €500m initially requested.
Thessaloniki a hub for investment and growth - Disbursements of over 2 billion in the last four years
Underlining its commitment to the development dynamics of the region, which has been characterized over time by its dynamic, outward-looking business community, Eurobank plans disbursements of ~€1.2 billion between 2024 and 2026, while in the last four years it has already disbursed over €2 billion.
Acquires 24.659% of Hellenic Bank for €493 million
Eurobank announced agreements with Demetra Holdings and Logicom Services Limited to acquire a 24.66% stake in Hellenic Bank for a total consideration of approximately €493 million.
In the period 2002-2023 Greece spent €2.3 on imports of goods for every €1.0 it exported
One of the most important weaknesses of the Greek economy, the current account deficit, is put under the microscope of Eurobank Research analysts in the latest edition of "7 Days Economy" published today.
Eurobank as a top choice from the domestic banking market
Deutsche Bank describes Eurobank as a top choice from the domestic banking market, confirming its buy recommendation. In fact, it raises the target price to €2.95, from €2.85 previously.
Invests another €5 million in Plum
Eurobank has expanded its strategic partnership with UK-based Plum Fintech Limited by making a second €5 million minority capital injection into Plum, the fast-growing fintech in Europe that has created a "smart money management" application.
Net profit of €1.145 billion in the first nine months
Eurobank recorded a positive performance in the first nine months of 2024 with an adjusted net profit of €1.145 billion, of which €498 million came from international operations.