By Helgi Library - July 24, 2019
Eurobank Group's non-performing loans reached 33.8% of total loans at the end of 2015-12-31, up from 33.3% compared to the previo...
By Helgi Library - July 24, 2019
Eurobank Group's non-performing loans reached 33.8% of total loans at the end of 2015-12-31, up from 33.3% compared to the previo...
By Helgi Library - May 2, 2018
Eurobank Group's capital adequacy ratio reached 17.4% at the end of fourth quarter of 2015, up from 12.6% when compared to the pr...
| Profit Statement | 2013 | 2014 | 2015 | |
| Net Interest Income | EUR mil | 1,270 | 1,470 | 1,463 |
| Net Fee Income | EUR mil | 199 | 205 | 192 |
| Other Income | EUR mil | 89.0 | 121 | 107 |
| Total Revenues | EUR mil | 1,558 | 1,796 | 1,762 |
| Staff Cost | EUR mil | 573 | 559 | 529 |
| Operating Profit | EUR mil | 521 | 761 | 745 |
| Provisions | EUR mil | 7,888 | 9,748 | 11,790 |
| Net Profit | EUR mil | -1,154 | -1,044 | -1,076 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Interbank Loans | EUR mil | 2,567 | 3,059 | 2,808 |
| Customer Loans | EUR mil | 45,610 | 42,133 | 39,893 |
| Total Assets | EUR mil | 77,586 | 75,518 | 73,553 |
| Shareholders' Equity | EUR mil | 4,523 | 6,304 | 7,132 |
| Interbank Borrowing | EUR mil | 27,099 | 22,866 | 29,783 |
| Customer Deposits | EUR mil | 41,535 | 40,878 | 31,446 |
| Issued Debt Securities | EUR mil | 789 | 811 | 150 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | -59.7 | -19.3 | -16.0 |
| ROA | % | -1.59 | -1.36 | -1.44 |
| Costs (As % Of Assets) | % | 1.43 | 1.35 | 1.36 |
| Costs (As % Of Income) | % | 66.6 | 57.6 | 57.7 |
| Capital Adequacy Ratio | % | 11.1 | 15.6 | 17.4 |
| Net Interest Margin | % | 1.75 | 1.92 | 1.96 |
| Loans (As % Of Deposits) | % | 110 | 103 | 127 |
| NPLs (As % Of Loans) | % | 30.7 | 38.6 | 43.4 |
| Provisions (As % Of NPLs) | % | 48.0 | 48.7 | 52.6 |
| Valuation | 2013 | 2014 | 2015 | |
| Price/Book Value (P/BV) | 0.420 | 0.963 | 0.897 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | EUR | -402 | -9.06 | -3.48 |
| Book Value Per Share | EUR | 1,575 | 54.7 | 23.1 |
| Dividend Per Share | EUR | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Net Interest Income | EUR mil | 2,341 | 2,254 | 1,965 | 1,461 | 1,270 | ||||||||
| Total Revenues | EUR mil | 3,041 | 2,924 | 2,226 | 1,755 | 1,558 | ||||||||
| Operating Profit | EUR mil | 1,570 | 1,498 | 1,103 | 703 | 521 | ||||||||
| Net Profit | EUR mil | 305 | 68.0 | -5,508 | -1,453 | -1,154 | ||||||||
| balance sheet | ||||||||||||||
| Interbank Loans | EUR mil | 4,784 | 5,159 | 6,988 | 4,693 | 2,567 | ||||||||
| Customer Loans | EUR mil | 55,837 | 56,268 | 48,094 | 43,171 | 45,610 | ||||||||
| Debt Securities | EUR mil | 18,607 | 20,184 | 16,685 | 16,012 | 25,925 | ||||||||
| Total Assets | EUR mil | 84,269 | 87,188 | 76,822 | 67,653 | 77,586 | ||||||||
| Shareholders' Equity | EUR mil | 6,314 | 6,094 | 875 | -655 | 4,523 | ||||||||
| Interbank Borrowing | EUR mil | 19,446 | 26,924 | 35,931 | 31,819 | 27,099 | ||||||||
| Customer Deposits | EUR mil | 46,808 | 44,435 | 32,459 | 30,752 | 41,535 | ||||||||
| Issued Debt Securities | EUR mil | 7,667 | 5,389 | 2,671 | 1,365 | 789 | ||||||||
| ratios | ||||||||||||||
| ROE | % | 5.58 | 1.10 | -158 | -1,321 | -59.7 | ||||||||
| ROA | % | 0.366 | 0.079 | -6.72 | -2.01 | -1.59 | ||||||||
| Costs (As % Of Assets) | % | 1.77 | 1.66 | 1.37 | 1.46 | 1.43 | ||||||||
| Costs (As % Of Income) | % | 48.4 | 48.8 | 50.4 | 59.9 | 66.6 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | 11.7 | 13.1 | 12.0 | 11.6 | 11.1 | ||||
| Net Interest Margin | % | 2.81 | 2.63 | 2.40 | 2.02 | 1.75 | ||||||||
| Interest Income (As % Of Revenues) | % | 77.0 | 77.1 | 88.3 | 83.2 | 81.5 | ||||||||
| Fee Income (As % Of Revenues) | % | 13.7 | 13.8 | 12.3 | 11.4 | 12.8 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 53.9 | 54.1 | 55.7 | 55.3 | 55.3 | ||||||||
| Equity (As % Of Assets) | % | 7.49 | 6.99 | 1.14 | -0.968 | 5.83 | ||||||||
| Loans (As % Of Deposits) | % | 119 | 127 | 148 | 140 | 110 | ||||||||
| Loans (As % Assets) | % | 66.3 | 64.5 | 62.6 | 63.8 | 58.8 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 6.75 | 9.71 | 15.3 | 23.0 | 30.7 | ||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 44.8 | 40.9 | 43.3 | 42.5 | 48.0 | ||||
| valuation | ||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 276 | 2,617 | ||
| Number Of Shares (Average) | mil | ... | ... | 0.520 | 0.538 | 0.546 | 0.552 | 2.87 | ||||||
| Share Price (End Of Period) | EUR | ... | ... | ... | ... | ... | ... | ... | ... | ... | 379 | 661 | ||
| Earnings Per Share (EPS) | EUR | ... | ... | 586 | 126 | -10,086 | -2,633 | -402 | ||||||
| Book Value Per Share | EUR | ... | ... | 12,138 | 11,327 | 1,602 | -1,187 | 1,575 | ||||||
| Dividend Per Share | EUR | ... | ... | 0 | 0 | 0 | 0 | 0 | ||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0.420 | |||
| Dividend Yield | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | 0 | ||
| Earnings Per Share Growth | % | ... | ... | ... | -53.8 | -78.4 | -8,080 | -73.9 | -84.7 | |||||
| Book Value Per Share Growth | % | ... | 34.8 | -6.68 | -85.9 | -174 | -233 |
| income statement | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | ||||||||||||||
| Interest Income | EUR mil | 5,987 | 5,317 | 5,063 | 4,075 | 2,797 | ||||||||
| Interest Cost | EUR mil | 3,646 | 3,063 | 3,098 | 2,614 | 1,527 | ||||||||
| Net Interest Income | EUR mil | 2,341 | 2,254 | 1,965 | 1,461 | 1,270 | ||||||||
| Net Fee Income | EUR mil | 418 | 404 | 274 | 200 | 199 | ||||||||
| Other Income | EUR mil | 282 | 266 | -13.0 | 94.0 | 89.0 | ||||||||
| Total Revenues | EUR mil | 3,041 | 2,924 | 2,226 | 1,755 | 1,558 | ||||||||
| Staff Cost | EUR mil | 793 | 772 | 626 | 582 | 573 | ||||||||
| Depreciation | EUR mil | 111 | 96.0 | 305 | 294 | 65.0 | ||||||||
| Other Cost | EUR mil | 567 | 558 | 192 | 176 | 399 | ||||||||
| Operating Cost | EUR mil | 1,471 | 1,426 | 1,123 | 1,052 | 1,037 | ||||||||
| Operating Profit | EUR mil | 1,570 | 1,498 | 1,103 | 703 | 521 | ||||||||
| Provisions | EUR mil | 1,742 | 2,329 | 3,397 | 4,670 | 7,888 | ||||||||
| Extra and Other Cost | EUR mil | -5.00 | 0 | 502 | 331 | 266 | ||||||||
| Pre-Tax Profit | EUR mil | 398 | 136 | -6,975 | -1,688 | -1,901 | ||||||||
| Tax | EUR mil | 82.0 | 52.0 | -1,319 | -334 | -783 | ||||||||
| Minorities | EUR mil | 11.0 | 16.0 | 12.0 | 13.0 | -3.00 | ||||||||
| Net Profit | EUR mil | 305 | 68.0 | -5,508 | -1,453 | -1,154 | ||||||||
| Dividends | EUR mil | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| growth rates | ||||||||||||||
| Net Interest Income Growth | % | ... | -1.84 | -3.72 | -12.8 | -25.6 | -13.1 | |||||||
| Net Fee Income Growth | % | ... | -23.0 | -3.35 | -32.2 | -27.0 | -0.500 | |||||||
| Total Revenue Growth | % | ... | -7.20 | -3.85 | -23.9 | -21.2 | -11.2 | |||||||
| Operating Cost Growth | % | ... | -6.07 | -3.06 | -21.2 | -6.32 | -1.43 | |||||||
| Operating Profit Growth | % | ... | -8.24 | -4.59 | -26.4 | -36.3 | -25.9 | |||||||
| Pre-Tax Profit Growth | % | ... | -51.3 | -65.8 | -5,229 | -75.8 | 12.6 | |||||||
| Net Profit Growth | % | ... | -53.2 | -77.7 | -8,200 | -73.6 | -20.6 | |||||||
| market share | ||||||||||||||
| Market Share in Net Profit | % | 51.5 | ... | ... | ... | -23.5 | ... | ... |
| balance sheet | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | ||||||||||||||
| Cash | EUR mil | 3,079 | 3,606 | 3,286 | 2,065 | 1,986 | ||||||||
| Interbank Loans | EUR mil | 4,784 | 5,159 | 6,988 | 4,693 | 2,567 | ||||||||
| Customer Loans | EUR mil | 55,837 | 56,268 | 48,094 | 43,171 | 45,610 | ||||||||
| Mortgage Loans | EUR mil | ... | ... | 15,412 | 17,119 | 14,029 | 14,221 | 18,980 | ||||||
| Consumer Loans | EUR mil | ... | ... | 19,387 | 17,921 | 14,977 | 13,878 | 14,770 | ||||||
| Corporate Loans | EUR mil | ... | ... | 22,780 | 23,557 | 22,485 | 19,742 | 19,748 | ||||||
| Debt Securities | EUR mil | 18,607 | 20,184 | 16,685 | 16,012 | 25,925 | ||||||||
| Fixed Assets | EUR mil | 1,962 | 1,971 | 1,769 | 1,712 | 1,498 | ||||||||
| Total Assets | EUR mil | 84,269 | 87,188 | 76,822 | 67,653 | 77,586 | ||||||||
| Shareholders' Equity | EUR mil | 6,314 | 6,094 | 875 | -655 | 4,523 | ||||||||
| Of Which Minority Interest | EUR mil | 275 | 322 | 278 | 277 | 281 | ||||||||
| Liabilities | EUR mil | 77,955 | 81,094 | 75,947 | 68,308 | 73,063 | ||||||||
| Interbank Borrowing | EUR mil | 19,446 | 26,924 | 35,931 | 31,819 | 27,099 | ||||||||
| Customer Deposits | EUR mil | 46,808 | 44,435 | 32,459 | 30,752 | 41,535 | ||||||||
| Issued Debt Securities | EUR mil | 7,667 | 5,389 | 2,671 | 1,365 | 789 | ||||||||
| Other Liabilities | EUR mil | 4,034 | 4,346 | 4,886 | 4,372 | 3,640 | ||||||||
| asset quality | ||||||||||||||
| Non-Performing Loans | EUR mil | ... | ... | ... | ... | 3,887 | 5,691 | 7,853 | 10,987 | 16,444 | ||||
| Gross Loans | EUR mil | ... | ... | ... | ... | 57,579 | 58,597 | 51,491 | 47,841 | 53,498 | ||||
| Provisions | EUR mil | 1,742 | 2,329 | 3,397 | 4,670 | 7,888 | ||||||||
| growth rates | ||||||||||||||
| Customer Loan Growth | % | ... | -0.073 | 0.772 | -14.5 | -10.2 | 5.65 | |||||||
| Retail Loan Growth | % | ... | ... | ... | -2.55 | 0.693 | -17.2 | -3.13 | 20.1 | |||||
| Mortgage Loan Growth | % | ... | ... | ... | 3.55 | 11.1 | -18.1 | 1.37 | 33.5 | |||||
| Consumer Loan Growth | % | ... | ... | ... | -6.91 | -7.56 | -16.4 | -7.34 | 6.43 | |||||
| Corporate Loan Growth | % | ... | ... | ... | 5.58 | 3.41 | -4.55 | -12.2 | 0.030 | |||||
| Total Asset Growth | % | ... | 2.51 | 3.46 | -11.9 | -11.9 | 14.7 | |||||||
| Shareholders' Equity Growth | % | ... | 36.6 | -3.48 | -85.6 | -175 | -791 | |||||||
| Customer Deposit Growth | % | ... | 2.52 | -5.07 | -27.0 | -5.26 | 35.1 | |||||||
| market share | ||||||||||||||
| Market Share in Mortgage Loans | % | ... | ... | ... | ... | ... | 13.3 | 14.3 | 15.2 | 16.2 | 23.9 | ... |
| ratios | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| ratios | ||||||||||||||
| ROE | % | 5.58 | 1.10 | -158 | -1,321 | -59.7 | ||||||||
| ROA | % | 0.366 | 0.079 | -6.72 | -2.01 | -1.59 | ||||||||
| Costs (As % Of Assets) | % | 1.77 | 1.66 | 1.37 | 1.46 | 1.43 | ||||||||
| Costs (As % Of Income) | % | 48.4 | 48.8 | 50.4 | 59.9 | 66.6 | ||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | 11.7 | 13.1 | 12.0 | 11.6 | 11.1 | ||||
| Tier 1 Ratio | % | ... | ... | ... | ... | 10.6 | 11.8 | 11.5 | 11.6 | 10.6 | ||||
| Net Interest Margin | % | 2.81 | 2.63 | 2.40 | 2.02 | 1.75 | ||||||||
| Interest Spread | % | ... | 2.50 | 2.35 | 2.23 | 2.02 | 1.69 | |||||||
| Asset Yield | % | 7.19 | 6.20 | 6.17 | 5.64 | 3.85 | ||||||||
| Cost Of Liabilities | % | ... | 4.69 | 3.85 | 3.95 | 3.62 | 2.16 | |||||||
| Payout Ratio | % | ... | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Income (As % Of Revenues) | % | 77.0 | 77.1 | 88.3 | 83.2 | 81.5 | ||||||||
| Fee Income (As % Of Revenues) | % | 13.7 | 13.8 | 12.3 | 11.4 | 12.8 | ||||||||
| Other Income (As % Of Revenues) | % | 9.27 | 9.10 | -0.584 | 5.36 | 5.71 | ||||||||
| Cost Per Employee | USD per month | ... | ... | 3,863 | 3,701 | 3,891 | 3,526 | 3,161 | ||||||
| Cost Per Employee (Local Currency) | EUR per month | ... | ... | 2,778 | 2,798 | 2,798 | 2,746 | 2,381 | ||||||
| Staff Cost (As % Of Total Cost) | % | 53.9 | 54.1 | 55.7 | 55.3 | 55.3 | ||||||||
| Equity (As % Of Assets) | % | 7.49 | 6.99 | 1.14 | -0.968 | 5.83 | ||||||||
| Loans (As % Of Deposits) | % | 119 | 127 | 148 | 140 | 110 | ||||||||
| Loans (As % Assets) | % | 66.3 | 64.5 | 62.6 | 63.8 | 58.8 | ||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | 6.75 | 9.71 | 15.3 | 23.0 | 30.7 | ||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | 44.8 | 40.9 | 43.3 | 42.5 | 48.0 | ||||
| Provisions (As % Of Loans) | % | ... | ... | 3.12 | 4.14 | 7.06 | 10.8 | 17.3 | ||||||
| Cost of Provisions (As % Of Loans) | % | 2.11 | 2.43 | 14.5 | 4.51 | 4.86 |
| other data | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | ||||||||||||||
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||
| Employees | ... | ... | 23,791 | 22,996 | 18,643 | 17,662 | 20,053 | |||||||
| Revenues From Abroad | EUR mil | ... | ... | ... | ... | ... | 801 | 784 | 748 | ... | ... | ... | ... | |
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | ... | 26.3 | 26.8 | 33.6 | ... | ... | ... | ... | |
| Risk-Weighted Assets | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| NPL Formation (Mortgages) | EUR mil | ... | ... | ... | ... | ... | 82.0 | 384 | 314 | 584 | 667 | ... | ||
| NPL Formation (Consumer) | EUR mil | ... | ... | ... | ... | ... | 786 | 865 | 612 | 511 | 234 | ... | ||
| NPL Formation (Corporate) | EUR mil | ... | ... | ... | ... | ... | 213 | 284 | 728 | 971 | 980 | ... | ||
| NPL Formation (Small Business) | EUR mil | ... | ... | ... | ... | ... | 431 | 352 | 614 | 802 | 447 | ... | ||
| NPL Formation (Greece) | EUR mil | ... | ... | ... | ... | ... | 1,512 | 1,885 | 2,268 | 2,868 | 2,328 | ... | ||
| ECB/ELA Funding | EUR mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| ECB/ELA Funding (As % Of Assets) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Get all company financials in excel:
By Helgi Library - May 2, 2018
Eurobank Group's capital adequacy ratio reached 17.4% at the end of fourth quarter of 2015, up from 12.6% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.2% in 2Q2014 and an all time low of 8.90% in 3Q2013. ...
By Helgi Library - February 21, 2018
Eurobank Group's cost to income ratio reached 88.9% in the fourth quarter of 2015, up from 63.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 88.9% of income in 4Q2015 and an all time low of 53.5% in 1Q201...
By Helgi Library - February 21, 2018
Eurobank Group's cost to income ratio reached 88.9% in the fourth quarter of 2015, up from 63.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 88.9% of income in 4Q2015 and an all time low of 53.5% in 1Q201...
By Helgi Library - April 26, 2018
Eurobank Group's loans reached EUR 51,683 mil in the fourth quarter of 2015, down from EUR 51,694 mil when compared to the previous quarter and down from EUR 51,881 mil when compared to the same period of last year. Historically, the bank’s loans re...
By Helgi Library - April 26, 2018
Eurobank Group's loans reached EUR 51,683 mil in the fourth quarter of 2015, down from EUR 51,694 mil when compared to the previous quarter and down from EUR 51,881 mil when compared to the same period of last year. Historically, the bank’s loans re...
By Helgi Library - February 19, 2018
Eurobank Group made a net profit of EUR -175 mil in the fourth quarter of 2015, up 66.7% when compared to the same period of last year. This implies a return on equity of -11.2%. Historically, the bank’s net profit reached an all time high of EUR 406 mil in 3Q201...
By Helgi Library - February 19, 2018
Eurobank Group made a net profit of EUR -175 mil in the fourth quarter of 2015, up 66.7% when compared to the same period of last year. This implies a return on equity of -11.2%. Historically, the bank’s net profit reached an all time high of EUR 406 mil in 3Q201...
By Helgi Library - February 21, 2018
Eurobank Group generated total banking revenues of EUR 479 mil in the fourth quarter of 2015, up 3.26% when compared to the same period of last year and 0.146% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Library - February 21, 2018
Eurobank Group generated total banking revenues of EUR 479 mil in the fourth quarter of 2015, up 3.26% when compared to the same period of last year and 0.146% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...
By Helgi Library - October 7, 2019
Eurobank Group's Equity reached 7.29% of total assets in the 4Q2015, down from 7.87% for the previous year. As a share of net customer loans, the ratio amounted to 10.6% at the end of the fourth quarter of 2015. ...
Eurobank Ergasias SA is a Greece-based banking and financial services group. With nearly 17,000 employees, more than 500 branches and 820 ATMs all over Greece, the Bank is one of the largest financial groups in Greece. In addition, Eurobank Group holds a strategic position in retail and business banking in Bulgaria, Romania and Serbia, offers discerning Wealth Management services in Cyprus, Luxembourg and is also present in London and Ukraine. The Group It is organized into five segments: Retail, Corporate, Wealth Management, Global and Capital Markets, as well as International. At the end of 2013, the Bank merged the New TT Hellenic Postbank SA. The Company was founded in 1916 and is headquartered in Athens, Greece.
Eurobank Group has been growing its revenues and asset by -9.63% and -3.34% a year on average in the last 5 years. Its loans and deposits have grown by -6.65% and -6.68% a year during that time and loans to deposits ratio reached 127% at the end of 2015. The company achieved an average return on equity of -315% in the last five years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 57.7% in 2015, compared to 58.5% average in the last five years.
Equity represented 9.70% of total assets or 17.9% of loans at the end of 2015. Eurobank Group's non-performing loans were 43.4% of total loans while provisions covered some 52.6% of NPLs at the end of 2015.
Eurobank Group stock traded at EUR 20.7 per share at the end of 2015 resulting in a market capitalization of USD 6,963 mil. Over the previous three years, stock price fell by 94.5% or 62.1% a year on average. That’s compared to an average ROE of -31.7% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 0.897x in 2015.
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