We use TBV of c. E5.2bn (2020E); c. 10% RoTE implies net income of E450m-E500m; reconciling this number requires…contact@researchgreece.com
Eurobank: Reconciling RoTE of c.10% in 2020E
November 27th, 2019Alpha Bank: Strategy Update – Working the Numbers (spreadsheet)
November 21st, 2019We worked the numbers to reconcile 2022 guidance…contact@researchgreece.com
Alpha Bank: Strategy Update / Galaxy E12bn NPE securitization
November 20th, 2019While trying to reconcile 2022 NPE/RoTE targets, our reflex reaction on the investment case is that…contact@researchgreece.com
Eurobank: Hercules in Cairo
November 15th, 2019We provide an update on this landmark E7.5bn multi-asset (E6.8bn NPEs) securitization transaction, as we believe it will …contact@researchgreece.com
Greek Banks (RG F4T): APS Hercules
October 10th, 2019According to Greek mythology…