Report
Alex Boulougouris

2Q17 results confirm full-year outlook

Eurobank has reported 2Q17 numbers that are in line with both our estimates and the consensus. Pre-tax profits came in at EUR 52m vs. our forecast of EUR 51m. Better NII (due mainly to higher loan spreads and the calendar effect) was offset by higher “other” impairments. On the positive side, we also highlight the solid improvement in the CET1 (+50bps qoq to 14.3%) and liquidity (L/D ratio at 114%).  
Underlying
Eurobank Ergasias Services and Holdings SA

Provider
Wood and Company
Wood and Company

WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.

A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.

Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.

We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.

Analysts
Alex Boulougouris

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