Analyst Research Report Snapshot

Title:

Piraeus Bank Conference Call Note 9M 2013

Price:

$25.00

Provider:

Valuation & Research Specialists

Date:

20 Dec 2013

Pages:

8

Type:

AcrobatPDF

Companies referenced:

BOPr.AT

Available for Immediate Download
Summary:

Highlights from the 9M 2013 Results Presented on November 29th, 2013, by Anthimos Thomopoulos, Managing Director and Deputy CEO. During the conference call, Piraeus Bank management highlighted the pre-provision income (PPI) recovery (+35% in Q3 ’13), the operating expenses contraction (by 4% on like-for-like basis), the monetization of various synergies following recent acquisitions (63% of synergies already crystallized), the deceleration of NPLs formation, and the bank’s capital adequacy which settled at 13.6% (on group level).

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