ATHENS, GREECE--(Marketwire - Apr 20, 2012) - Eurobank EFG (
FULL YEAR 2011 HIGHLIGHTS
- Operating Net result (-EUR 29m) in 2011, satisfactory despite Greek economy's deep recession
- Total Net Loss of EUR 5.5bn, of which EUR 4.6bn comes from PSI and EUR 856m from one-off valuation and goodwill impairment losses, which had already affected regulatory capital
- Total Equity at EUR 875m after the full PSI impact
- Full completion of Polbank EFG and Eurobank Tekfen transactions improves liquidity by cEUR 3.5bn and increases Core Tier I Capital by EUR 1bn, after the buyback of hybrids and lower Tier II securities completed in the first quarter of 2012
- Stable Core Pre Provision Income at EUR 1.2bn, despite the crisis
- Bad debt provisions rise by 4.7% in 2011, while the formation of new past due loans deteriorates in the last quarter of the year
- Operating Expenses decline by 6.4% in 2011 and 15.5% in the last three years
- Southeast Europe Net Profit at EUR 60m, with Core Profit rising notably
Eurobank EFG Full Year 2011 Financial Results Press Release:
(Please click on the link below to view full press release)
http://www.eurobank.gr/Uploads/pdf/AFY2011%20Results%20Press%20Release.pdf
Eurobank EFG Full Year 2011 Financial Results Presentation:
(Please click on the link below to view FY 2011 Results Presentation)
http://www.eurobank.gr/Uploads/pdf/4Q%202011%20results%20presentation%20-%20Final.pdf
About Eurobank EFG
Eurobank EFG group is a European banking organization with total assets of EUR 81.6 bn, employing over 20,000 people and offering products and services through a network of 1,600 branches, business centres and points of sale, as well as through alternative distribution channels.
Eurobank EFG group has a systemic presence in 10 countries: Greece, Bulgaria, Serbia, Romania, Turkey, Poland, Ukraine, the UK, Luxembourg and Cyprus. It is a member of the EFG Group, an international banking group present in 40 countries.
Read more on Eurobank EFG
http://www.eurobank.gr/Uploads/pdf/15%2002%2012%20Corporate%20Factsheet.pdf
Contact Information:
EFG Eurobank Ergasias
20 Amalias Avenue
105 57 Athens, Greece
Fax: +30 210 3337 160
E-mail: investor_relations@eurobank.gr
Internet: http://www.eurobank.gr/
Reuters: EFGr.AT
Bloomberg: EUROB GA
Investor Relations
Dimitris Nikolos
Tel: +30 210 3337688
E-mail: dnikolos@eurobank.gr
Yannis Chalaris
Tel: +30 210 3337954
E-mail: ychalaris@eurobank.gr
Anthony Kouleimanis
Tel: +30 210 3337537
E-mail: akouleimanis@eurobank.gr