Eurobank Ergasias reports 1H results
- BySeeking Alpha-
Eurobank Ergasias (EGFEY): 1H Net Profit of €195M.Revenue of €924M (-1.1% Y/Y)Shares +4.07%.Press Release
Eurobank Ergasias Services and Holdings S.A. provides retail; corporate and private banking; asset management; treasury; capital markets; and other services primarily in Greece; and Central and Southeastern Europe. The company’s Retail segment offers customer current accounts, savings, deposits and investment savings products, credit and debit cards, consumer loans, small business banking services, and mortgages. Its Corporate segment provides current accounts, deposits, overdrafts, loan and other credit facilities, custody, equity brokerage, cash management, and trade services, as well as foreign currency and derivative products to corporate entities. The company’s Wealth Management segment offers private banking services to medium and high net worth individuals; mutual fund and investment savings products; and institutional asset management services. Its Global and Capital Markets segment provides investment banking services, including corporate and institutional financing, merger and acquisitions advisory, and financial instruments trading services to corporate and institutional entities; and specialized financial advisory and intermediation services for private and retail individuals, and corporate entities. The company’s Investment Property segment owns commercial assets in the office, retail, logistics, infrastructure, and hospitality sectors. The company also offers business-to-business e-commerce, accounting, tax, leasing, factoring, loans and credits claim management, credit card and fund management, and real estate services. In addition, it engages in the informatics data processing activities. As of December 31, 2020, it operated a network of 625 branches and business/private banking centers. The company was formerly known as Eurobank Ergasias S.A. and changed its name to Eurobank Ergasias Services and Holdings S.A. in March 2020. Eurobank Ergasias Services and Holdings S.A. was founded in 1990 and is based in Athens, Greece.