SOURCE: Eurobank EFG

August 30, 2011 12:28 ET

Eurobank EFG First Half 2011 Financial Results

ATHENS, GREECE--(Marketwire - Aug 30, 2011) - Eurobank EFG (ATHEX: EUROB), First Half 2011 Financial Results.

SECOND QUARTER 2011 HIGHLIGHTS

  • Net operating profit at EUR 3m in 2Q2011 and EUR 76m in 1H2011

  • Profits from the operations abroad rise strongly by 53% to EUR 20m in 2Q2011

  • Participation of the Bank in the Private Sector Involvement (PSI) Program with GGBs of EUR 5bn nominal value. Estimated valuation reduction of 16.7% and impact on regulatory capital of EUR 664m

  • Operating expenses decline by 3.4%qoq and 4.3%yoy, exceeding the target for 2011

  • 90+ formation and bad debt provisions decline in 2Q2011

Eurobank EFG First Half 2011 Financial Results Press Release:
(Please click on the link below to view full press release)
First Half 2011 Financial Results Press Release

Eurobank EFG First Half 2011 Financial Results Presentation:
(Please click on the link below to view 1H 2011 Results Presentation)
First Half 2011 Financial Results Presentation

About Eurobank EFG
Eurobank EFG Group is a European banking organization with total assets of EUR 83.2bn, offering universal banking across 10 countries through its network of 1,600 points of presence and a human force of over 22,500 people. Greece' s second largest bank, Eurobank EFG also has an established presence in Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, United Kingdom, Luxembourg, and Cyprus.

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