Banks results Q3:19 1st Glimpse – In line with Estimates

Banks results Q3:19 1st Glimpse – In line with Estimates

Eurobank:

Broadly in line in core income, other impairments  (€21.3m) weighed in net profitability 

Eurobank

Act.

Act.

Act.

Overview

(In Million Euro)

3Q18

2Q19

3Q19

QoQ

YoY

3Q19

vs Est.

NII

352.0

342.1

345.9

1.1%

-1.7%

342

1.1%

Fee income

79.1

89.9

94.2

4.8%

19.1%

93

1.3%

Trading

40

26

19

-24.5%

-51.6%

25

-22.4%

Other Income

0

32

-6

0

Total income

471.2

489.5

453.5

-7.4%

-3.8%

460

-1.4%

Operating costs

-216.7

-224

-230

-2.8%

-6.3%

-230

-0.1%

Pre-provision-profits

254.5

265.5

223.2

-15.9%

-12.3%

230

-3.0%

Provisions

-176.3

-183

-145

20.9%

17.9%

-150

3.5%

Other results

3

-84

-10

87.5%

-520.0%

0

PBT

80.7

-1.5

67.9

4626.7%

-15.9%

80

-15.1%

Corporate taxes

22

-8

13

257.5%

-42.5%

18

-28.4%

Net profit

59

6.5

55.3

750.8%

-6.0%

62

-11.4%

Discontinued operations

11

0

0

0

Net profit

45.1

6.5

55.3

750.8%

22.6%

62

-11.4%

Minorities

0

0

1

0

Attributable net profit

45.1

6.5

56.3

62

Conference call details (21/11 18:00 GR-Time)

  • §  GR       +30 213 009 6000/+30210 9460800
  • §  UK        +44 (0) 203 059 5872
  • §  US        +1 516 447 5632

NBG:

Broadly in line in core income “Lepete” provision (€36m) weighed in profitability 

NBG

Act.

Act.

Act.

Overview

Est.

(In Million Euro)

3Q18

2Q19

3Q19

Q-o-Q

Y-o-Y

3Q19

vs Est.

NII

273.5

309

300

-2.9%

9.7%

300

0.0%

Fee income

59.4

61

64

4.9%

7.7%

62

3.2%

Trading Income

16.2

27

129

377.8%

696.3%

100

29.0%

Insurance/Other Income

-8

24

-23

-195.8%

-187.5%

8

Total income

341.1

421.0

470.0

11.6%

37.8%

470

0.0%

Operating costs

-244.8

-204

-213

-4.4%

13.0%

-205

-3.9%

Pre-provision-profits

96.3

217.0

257.0

18.4%

166.9%

265

-3.0%

Provisions

-81

-101

-99

2.0%

-22.4%

-99

0.0%

Other results

1

11

-26

0

PBT

16.4

126.8

132.0

4.1%

704.9%

166

-20.5%

Corporate taxes

9

5

3

-40.0%

-66.7%

9

-66.7%

Net profit (continued)

7

122

129

5.9%

1643.2%

157

-17.8%

Discontinued operations

17

82

16

-80.5%

-5.9%

25

Net profit

24

204

145

-28.9%

494.3%

182

-20.3%

Minorities

-8

-12

1

108.3%

112.5%

-10

Attributable net profit

16

192

146

-23.9%

790.2%

172

-15.1%

Conference call details (21/11 18:45 GR-Time)

  • §  GR       +30 213 009 6000/+30210 9460800
  • §  UK        +44 (0) 203 059 5872
  • §  US        +1 516 447 5632

Kind regards,

Manos Chatzidakis

Head of research

  • 29 Alexandras Avenue
  • 11473 Athens,Greece
  • Tel: +30 210 6478755/754
  • Fax:+30 210 6410139

Email: [email protected]

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