After shedding bad loans to collection agencies and getting 50 billion euros ($54.62 billion) in state bailouts, Greece’s banks have returned to profitability, Eurobank’s revenues rising 69.4 percent in 2023 to 1.47 billion euros ($1.61 billion.)
The bank said it will reach 1.6 billion euros ($1.75 billion) in 2026. “In a lower interest rates environment, Eurobank aims to generate resilient returns to shareholders, which will be further enhanced by the full integration of Hellenic Bank in Cyprus,” it added.
Source: The National Herald
3287.99
1275.09