The Greek Deal.com
EUROBANK
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.
Contract with Eurobank to expand vineyards capacity
Lazaridis Estate: contract with Eurobank for a 1.23 million euro bond
€410 million to the parent company for dividend distribution from the fiscal year 2023
The Board of Directors of the Bank approved the distribution of optional reserves to its sole shareholder, Eurobank Holdings
Upgrades Greek banks with a positive outlook
As S&P explains, Greek banks are ready to capitalize on the country's stable growth prospects.
Revises Piraeus, Eurobank, NBG, Alpha Outlook to Positive
Fitch states that the outlook upgrade reflects the assessment that the upgrade of Greece's credit rating to investment grade will benefit the operational environment of the banks.
Aquires a minority stake in Mintus
The participation signifies the positive assessment of Mintus Group by Eurobank Asset Management and serves as a catalyst for further collaboration with the aim of accessing alternative investment categories globally.