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Old 08.12.2009, 12:30
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Re: EFG Bank / Group / International

I have checked bloomberg.. since it s a private company, there is not much info

EFG Eurobank May Say Second-Quarter Profit Dropped 60%: Outlook
2009-08-20 12:10:44.322 GMT


By Natalie Weeks
Aug. 20 (Bloomberg) -- EFG Eurobank Ergasias SA, Greece’s
second-biggest lender by assets, may say second-quarter profit
declined 60 percent as the bank set aside more money for
possible bad loans.
Net income probably fell to 89 million euros ($126.6
million) from 221 million euros a year earlier, according to the
median estimate of eight analysts Bloomberg News surveyed by
telephone and e-mail. Loan-loss provisions may have more than
doubled to 278.5 million euros, according to the survey.
Eurobank reports earnings Aug. 27 after the Athens Stock
Exchange closes. The following is a table of analysts’
estimates. The figures are in millions of euros.

*T
2nd Qtr Forecast 2nd Qtr 2009

2008 Median Avg. High Low

Interest Income 590.0 578.5 578.9 591.0 565.0
Fees 160.5 104.0 105.0 111.0 98.0
Total Revenue 810.0 768.0 773.7 812.0 761.0
Operating Costs 401.0 375.0 374.8 382.0 365.0
Provisions 136.0 278.5 282.6 319.0 270.0
Net Income 221.0 89.0 92.9 120.0 86.0

First-Half Forecast First-Half 2009
2008 Median Avg. High Low

Interest Income 1,156.0 1,122.5 1,123.0 1,135.0 1,109.0
Fees 309.0 199.0 200.9 212.0 193.0
Total Revenue 1,596.0 1,493.0 1,499.0 1,537.0 1,485.0
Operating Costs 776.0 737.0 736.8 744.0 727.0
Provisions 263.0 541.5 546.0 582.0 533.0
Net Income 436.0 170.0 174.2 204.0 167.0


*T

The brokerages and banks surveyed were: Cheuvreux, Citigroup
Inc., Euroxx Securities, HSBC Pantelakis Securities, Marfin
Analysis, National P&K Securities SA, Proton Bank, UBG AG.

-- Editor: Peter Branton
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