Eurobank Group

Eurobank's npls (as % of loans) rose 1.44% yoy to 33.8% in 4Q2015

By Helgi Analytics - 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...

Eurobank's capital adequacy ratio rose 11.5% yoy to 17.4% in 4Q2015

By Helgi Analytics - 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...

Eurobank's costs (as % of assets) rose 65.0% yoy to 2.31% in 4Q2015

By Helgi Analytics - 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 q...

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
Debt Securities EUR mil 25,925 26,800 20,326
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
Market Capitalisation (End Of Period) USD mil 2,617 7,347 6,963
Share Price (End Of Period) EUR 661 52.7 20.7
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:

Download Sample   $19.99

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:

Download Sample   $19.99

Apr 2016
Statistical Dossier

Eurobank's corporate loans rose 0.460% yoy to EUR 26,852 mil in 4Q2015

By Helgi Analytics - 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...

Eurobank's net profit rose 66.7% yoy to EUR -175 mil in 4Q2015

By Helgi Analytics - 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...

Eurobank's net interest income fell 13.4% yoy to EUR 341 mil in 4Q2015

By Helgi Analytics - 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, ...

Eurobank's equity (as % of assets) rose 16.2% yoy to 9.70% in 4Q2015

By Helgi Analytics - 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's customer loan growth rose 30.3% yoy to -5.32% in 4Q2015

By Helgi Analytics - July 24, 2019

Eurobank Group's customer loan growth reached -5.32% in 2015-12-31, up from -7.62% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 22.4% in 2008-12-31 and an all time low of -14.5% in 2011-12-31. In the las...

Eurobank's npls (as % of loans) rose 12.4% to 43.4% in 2015

By Helgi Analytics - February 22, 2018

Eurobank Group's non-performing loans reached 43.4% of total loans at the end of 2015, up from 38.6% compared to the previous year. Historically, the NPL ratio hit an all time high of 43.4% in 2015 and an all time low of 3.22% in 2007. Provision coverage am...

Eurobank's capital adequacy ratio rose 11.5% to 17.4% in 2015

By Helgi Analytics - May 4, 2018

Eurobank Group's capital adequacy ratio reached 17.4% at the end of 2015, up from 15.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 17.4% in 2015 and an all time low of 10.4% in 2008. The Tier 1 ratio amounted...

Eurobank's net interest margin rose 2.22% to 1.96% in 2015

By Helgi Analytics - February 23, 2018

Eurobank Group's net interest margin amounted to 1.96% in 2015, up from 1.92% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.59% in 2005 and an all time low of 1.75% in 2013. The average margin ...

Eurobank's net profit fell 3.07% to EUR -1,076 mil in 2015

By Helgi Analytics - March 7, 2018

Eurobank Group made a net profit of EUR -1,076 mil under revenues of EUR 1,762 mil in 2015, up -3.07% and -1.89% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 815 mil in 2007 and an all time low of EUR...

Eurobank's corporate loans rose 0.673% to EUR 19,606 mil in 2015

By Helgi Analytics - March 6, 2018

Eurobank Group's loans reached EUR 51,683 mil in the 2015, down from EUR 51,881 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 58,597 mil in 2010 and an all time low of EUR 46,669 mil in 2007. In the la...

More News

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 Logo

Finance

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 nan% 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.

Valuation

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.

More Companies in Greek Banking Sector