The bank did not disclose important details that would allow us to assess the impact of its E7bn/29% of total NPE securitizations…contact@researchgreece.com
Piraeus Bank (F4T): Missing Details on NPE Securitizations
February 4th, 2020Cypriot Banks: Message In a Bottle
December 4th, 2019We believe Cypriot Banks hold a message for their Greek peers:…contact@researchgreece.com
Greek Banks Post NPE Securitizations – NBG Can Afford To Do More
December 3rd, 2019In 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
Eurobank: Reconciling RoTE of c.10% in 2020E
November 27th, 2019We 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)
November 21st, 2019We worked the numbers to reconcile 2022 guidance…contact@researchgreece.com