cristian2008
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Efg345
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Comprato efg 345 a 57,375 con iwbankGrazie ma 50k di nominale è troppo
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Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (13 lettori)
- Creatore Discussione negusneg
- Data di Inizio
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- additional tier 1 bail in basilea 3 coco bonds crd iv genussscheine grandfathering hybrid bond loss absorption lower tier 2 make whole amount matusalem bond obbligazioni irredimibili obbligazioni perpetue obbligazioni subordinate perpetual bond preference shares restricted tier 1 tier 1 upper tier 2
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zeta59
Forumer storico
Buongiorno a tutti , 3 prezzi di IW se possono essere utili :
Lottomatica 663 102 / 102,75
Intesa 663 104 / 104,5 (continua a salire)
SNS 155 66 / 67,5
Operatività giornaliera:
Stò fermo e guardo
P.S. Ciao Nick ti faccio poi sapere le condizioni che stò strappando con IW x OTC
Lottomatica 663 102 / 102,75
Intesa 663 104 / 104,5
(continua a salire)SNS 155 66 / 67,5
Operatività giornaliera:
Stò fermo e guardo
P.S. Ciao Nick ti faccio poi sapere le condizioni che stò strappando con IW x OTC
Zorba
Bos 4 Mod
Eurobank: 2009 Net Income At 362 Mil. Euro
EFG Eurobank posted 2009 net income of 362 mil. euro, an official announcement said Thursday, down 45% on the year, with debt provisions increased 33% y-o-y to 1.18 bil. euro, or 2.11% of the average net loans in 2009.
“Despite the global recession and its negative implications, Group pre provision income exceeded 2008 levels and reached €1.6bn in 2009, bolstering the Group’s financial position,” the announcement said.
Net interest income receded slightly by 1.8% y-o-y and amounted to 2.3 bil. euro in 2009, as a result of the increased funding cost. Operating expenses declined by 6.1% y-o-y, while Core Tier I ratio expanded by 1.8% to 9.8% and CAD ratio strengthens by 2.3% to 12.7%, ratios which are among the highest among peers.
“2009 was a particularly challenging year for the global economy and the international financial system, as well as for Greece, due to the rapid deterioration of the country’s public finances. In such an adverse environment, the Eurobank EFG Group displayed remarkable adaptability and flexibility, further strengthening its capital base and liquidity, reducing substantially its expenses and expanding its pre provision earnings. In order to safeguard the quality of its balance sheet, Eurobank EFG increased its provisions, while at the same time it achieved a noteworthy deceleration in the formation of non performing loans in the second half of 2009. In addition, we continued to stand by our clients in Greece and “New Europe” to assist them overcome the difficulties associated with the crisis, worked closely with professional associations to support various sectors of the economy, and increased our loans for business and housing. Finally, we played a significant role, at an institutional level, cooperating with international organizations, in providing adequate funding to the countries in “New Europe”, which remain a major strategic objective for our Group” Nicholas Nanopoulos, the bank’s CEO said.
“The Greek Government’s recent plan for fiscal consolidation and structural changes was dictated by the recent critical conditions and contains austere but necessary measures. The strict implementation of the program, along with measures to revive economic growth, is expected to lead to the rationalization of the country’s public finances and the de-escalation of its cost of borrowing, the restoration of the country’s international credibility and to provide better prospects for the future. Now, it is critical to support this important effort and take additional stimulative measures that will help Greece come out of the recession and move towards more sustainable and competitive economic growth,” he added.
Key Management Statements
In the earnings conference call, the management said it targets an increase in pre-provision profits for 2010 on a combination of NII expansion principally driven by loan re-pricing and further cost containment by c2% yoy, Piraeus Securities says in its morning report.
The target is for deposit growth to exceed loan growth and group loan growth slightly higher, while Greek system loans are seen down yoy with GDP expected to contract by 2.5-2.8% yoy.
Government bond spreads, hence cost of funding should start normalizing, in line with the progress of the fiscal adjustment programme while NPLs formation and provisions should pick in Q2 2010.
According to Piraeus Securities, the management expects further capital accretion in 2010 and it said there will be no repayment of preference shares in the near term, but the issue could be discussed later in the year, subject to market conditions.
Eurobank: 2009 Net Income At 362 Mil. Euro - www.capital.gr
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A me non sembra male: è una banca ben gestita che opera in un paese in crisi. Da tener presente che EFG è esposta anche a est. I rischi sicuramente ci sono: per il momento mi gusto il bilancio 2009.
EFG Eurobank posted 2009 net income of 362 mil. euro, an official announcement said Thursday, down 45% on the year, with debt provisions increased 33% y-o-y to 1.18 bil. euro, or 2.11% of the average net loans in 2009.
“Despite the global recession and its negative implications, Group pre provision income exceeded 2008 levels and reached €1.6bn in 2009, bolstering the Group’s financial position,” the announcement said.
Net interest income receded slightly by 1.8% y-o-y and amounted to 2.3 bil. euro in 2009, as a result of the increased funding cost. Operating expenses declined by 6.1% y-o-y, while Core Tier I ratio expanded by 1.8% to 9.8% and CAD ratio strengthens by 2.3% to 12.7%, ratios which are among the highest among peers.
“2009 was a particularly challenging year for the global economy and the international financial system, as well as for Greece, due to the rapid deterioration of the country’s public finances. In such an adverse environment, the Eurobank EFG Group displayed remarkable adaptability and flexibility, further strengthening its capital base and liquidity, reducing substantially its expenses and expanding its pre provision earnings. In order to safeguard the quality of its balance sheet, Eurobank EFG increased its provisions, while at the same time it achieved a noteworthy deceleration in the formation of non performing loans in the second half of 2009. In addition, we continued to stand by our clients in Greece and “New Europe” to assist them overcome the difficulties associated with the crisis, worked closely with professional associations to support various sectors of the economy, and increased our loans for business and housing. Finally, we played a significant role, at an institutional level, cooperating with international organizations, in providing adequate funding to the countries in “New Europe”, which remain a major strategic objective for our Group” Nicholas Nanopoulos, the bank’s CEO said.
“The Greek Government’s recent plan for fiscal consolidation and structural changes was dictated by the recent critical conditions and contains austere but necessary measures. The strict implementation of the program, along with measures to revive economic growth, is expected to lead to the rationalization of the country’s public finances and the de-escalation of its cost of borrowing, the restoration of the country’s international credibility and to provide better prospects for the future. Now, it is critical to support this important effort and take additional stimulative measures that will help Greece come out of the recession and move towards more sustainable and competitive economic growth,” he added.
Key Management Statements
In the earnings conference call, the management said it targets an increase in pre-provision profits for 2010 on a combination of NII expansion principally driven by loan re-pricing and further cost containment by c2% yoy, Piraeus Securities says in its morning report.
The target is for deposit growth to exceed loan growth and group loan growth slightly higher, while Greek system loans are seen down yoy with GDP expected to contract by 2.5-2.8% yoy.
Government bond spreads, hence cost of funding should start normalizing, in line with the progress of the fiscal adjustment programme while NPLs formation and provisions should pick in Q2 2010.
According to Piraeus Securities, the management expects further capital accretion in 2010 and it said there will be no repayment of preference shares in the near term, but the issue could be discussed later in the year, subject to market conditions.
Eurobank: 2009 Net Income At 362 Mil. Euro - www.capital.gr
*.*.*
A me non sembra male: è una banca ben gestita che opera in un paese in crisi. Da tener presente che EFG è esposta anche a est. I rischi sicuramente ci sono: per il momento mi gusto il bilancio 2009
.Mais78
BAWAG fan club
Oggi di nuovo tutto in salita (almeno dai siti tedeschi). Super-ciofeche sempre a razzo: HSH, Hybrid,... ma è possibile che Hybrid I sia 47-49??
ah ah, si e' cosi
ginopelo
Moving to PeloPonneso
gino hai preso la 399 ???
dammi poi l'eseguito va là
che vedo se salire sul carro
sono incerto se bawag o efg
si si la 399
49 CY 8,15 netto
nik.sala
Money Never Sleeps
Buongiorno a tutti , 3 prezzi di IW se possono essere utili :
Lottomatica 663 102 / 102,75
Intesa 663 104 / 104,5
SNS 155 66 / 67,5
Operatività giornaliera:
Stò fermo e guardo
P.S. Ciao Nick ti faccio poi sapere le condizioni che stò strappando con IW x OTC
...grande zeta
bulogna
Forumer storico
mi sà che che vendi qualcosa .......ah ah, si e' cosi
Mais78
BAWAG fan club
Per chi vuole...da verificare...pero'
WestLB 6% c'e' HSBC che vende a 40.25 e Rabo che compra a 42.5... , prezzi aggiornati dai MM pochi minuti fa quindi dovrebbero essere reali. Chi ci prova? Io non ho liquidi sul cc.
Cmq il fuori prezzo e' il 40.25, la lettera dovrebbe essere tra 44 e 45.
WestLB 6% c'e' HSBC che vende a 40.25 e Rabo che compra a 42.5...
, prezzi aggiornati dai MM pochi minuti fa quindi dovrebbero essere reali. Chi ci prova? Io non ho liquidi sul cc.Cmq il fuori prezzo e' il 40.25, la lettera dovrebbe essere tra 44 e 45.
Zorba
Bos 4 Mod
si si la 399
49 CY 8,15 netto
A me piace il post call: Eur3m+ 2,22%. Con un euribr normalizzato (almeno 3%) il rendimento è ancora meglio...
- Stato