The Greek Deal.com
EUROBANK
What's the next steps ahead
With the completion of the public offer for Hellenic Bank Public Company, Eurobank's management is proceeding methodically with the next steps.
Strong first-half performance with a net profit of €721 million
Eurobank recorded a strong performance in all sectors in the first half of 2024.
Memorandum of Understanding Between Eurobank Asset Management and Eurizon
Eurobank Asset Management, a 100% subsidiary of Eurobank, and Eurizon, the asset management company of the Intesa Sanpaolo Group, signed a Memorandum of Understanding (MoU), which sets the basis for their entry into the Greek market.
Eurobank returned to business as usual
CEO of Eurobank Group Fokion Karavias said that in 2023, the dividend will represent 30% of net profit and will be distributed for the first time in 16 years (the last distribution year was 2007).
Completes €100 million tap issue of its €650 million Fixed Rate Senior Preferred Bonds
Through a private placement with Banco Santander, Eurobank was able to successfully tap the initial bonds for a total of €100 million.
Public offer for Hellenic Bank starts on 1 July
The Cyprus Securities and Exchange Commission has approved the public offer for the acquisition of up to 100% of the issued share capital, clearing the path for Eurobank to fully acquire Hellenic Bank.
Raises its stake in Hellenic Bank at 55,3%
A total of 26.1% of Hellenic Bank's shares, or 107,694,301 shares, were acquired by Eurobank for a total consideration of € 275.7 per share.
Denies interest in Bulgarian First Investment Bank
Eurobank Ergasias states that there is no truth to reports in the electronic press concerning the purported interest of the Eurobank Group in purchasing First Investment Bank ("FIB"), a bank located in Bulgaria.
Earnings €287 million in the quarter, calls for a dividend of 9 cents/share
Key figures for Eurobank's Q1 2024 performance increased, and the bank's net profit increased to €287 million.
Issues €650 million in senior preferred debt
Eurobank successfully completed the issuance of €650 million in senior preferred notes.
Offer book for the 7 year bond is open
Eurobank is proceeding today with a new bond issue aimed at raising €500-750 million.