Eurobank: Reconciling RoTE of c.10% in 2020E
We use TBV of c. E5.2bn (2020E); c. 10% RoTE implies net income of E450m-E500m; reconciling this number requires…contact@researchgreece.com
-
-
Alpha Bank: Strategy Update – Working the Numbers (spreadsheet)
We worked the numbers to reconcile 2022 guidance…contact@researchgreece.com
-
Alpha Bank: Strategy Update / Galaxy E12bn NPE securitization
While trying to reconcile 2022 NPE/RoTE targets, our reflex reaction on the investment case is that…contact@researchgreece.com
-
Eurobank: Hercules in Cairo
We provide an update on this landmark E7.5bn multi-asset (E6.8bn NPEs) securitization transaction, as we believe it will …contact@researchgreece.com
-
Jumbo: A Romanian Star Part Deux
We analyse Jumbo’s FCF dynamics by geography and conclude of up to…contact@researchgreece.com