Greek Banks: Volatility and Trading |
Q1 did not Make Us Any Wiser; Fundamentally…contact@researchgreece.com
Q1 did not Make Us Any Wiser; Fundamentally…contact@researchgreece.com
Our conclusion. We…contact@researchgreece.com
We believe Cypriot Banks hold a message for their Greek peers:…contact@researchgreece.com
In this report we include: 1) NPE reduction targets per bank; 2) Exercise showing Year 1 post securitizations announced; 3) Exercise showing Year 2 total clean-up of what NPEs are left…contact@researchgreece.com
We use TBV of c. E5.2bn (2020E); c. 10% RoTE implies net income of E450m-E500m; reconciling this number requires…contact@researchgreece.com