EGFEF News and Press, Eurobank Ergasias SA From 04/24/18

I have had many requests over the past several months for an update on Greek banks. But, before I continue, let me say something about the current state of Greece and why you might also want to avoid buying into the Global X MSCI Greece ETF (GREK). Contrary to many analysts who have slight...

Greek Banks: Which one do you pick for 2018? To keep the tradition going, I will compare the Greek banks (National Bank of Greece S.A. ( NBGIF ), Piraeus Bank SA ADR ( BPIRY ) (BPIRF), Alpha Bank S.A. ADR ( ALBKY ) (ALBKF) (ALBQY), Eurobank Ergasias SA ADR ( EGFEY ) (EGFEY)) once again based...

For 2017 Eurobank ( EGFEY ) reported € 104 million profit for the year, significantly down (-56%) from the € 235 million profit in 2016. This mainly came from lower revenue (from ' other income ' ) and higher costs (restructuring & taxes). The encouraging data points ...

The following slide deck was published by EFG Eurobank Ergasias ADR in conjunction with their 2017 Q4 earnings Read more ...

Until now, most of you got to know me for following banks trading way below tangible book value. Banks are my circle-of-competence and my investments in Eurobank ( EGFEF ) and Bank of Cyprus ( OTCPK:BKCYF ) are typical value plays. But that’s not the only way you reap good returns f...

Investing in Greek assets has been a rather poor proposition over the last 10 years as the Greek crisis consumed shareholder capital and banks raised new equity at a large discount, thereby heavily diluting existing shareholders. As a results losses of over 95% since 2007 are the norm. ...