EGFEY News and Press, EFG Eurobank Ergasias SA ADR 2015 From 05/17/18

This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa's 13F portfolio on a quarterly basis. It is based on Watsa's regulatory 13F Form filed on 05/15/2018. Please visit our Tracking Prem Watsa's Fairfax Financial Holdings Portfolio series to g...

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...

The Greek crisis has been over for a few years now, and Greece is finally showing signs of recovery. I believe that Greek banks are currently undervalued and that we are reaching a tipping point in regards to sentiment and price appreciation. Over the next three years, Eurobank (EGFEY) and Nat...

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 ...

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. ...