Eurobank S.a. · ATHEX:EUROB
Eurobank — Eurobank Ergasias Services and Holdings — Q1 2023 Earnings Presentation
67 slides from Eurobank's earnings presentation, May 17, 2023
Slide 1: 1Q23 results
4 EUROBANK Holdings 1Q23 results 17 May 2023
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This presentation has been prepared by Eurobank Ergasias Services and Holdings S.A. (“Eurobank Holdings”) and its 100% subsidiary Eurobank S
Slide 3: Table of contents
Table of contents 1Q23 results highlights 4 Diversified business model 10 Balance sheet 15 Profitability 23 Asset Quality 31 Capital 36 ESG commitments and performance 39 Macroeconomic update 46 Appendix I – Supplementary information 55 Appendix II - Glossary 62 3
Slide 4: 1Q23 results highlights
1Q 2023 Results 1Q23 results highlights
Slide 5: 1Q23 results highlights: Profitability
1Q23 results highlights: Profitability P&L (€ m) 1Q23 4Q22 Δ(%) 1Q23 1Q22 Δ(%) ❑ Adjusted Net Profit1 €255m in 1Q23 Net interest income 502.5 449.2 11.9 502.5 323.0 55.6 ❑ RoTBV1 at 15.8% Commission income 129.3 142.4 (9.2) 129.3 118.1 9.5 Other Income (12.2) 99.4 >(100) (12.2) 239.5 >(100) ❑ TBV pe
Slide 6: 1Q23 results highlights: Balance sheet
1Q23 results highlights: Balance sheet Key Balance sheet ratios Capital ▪ Total CAD at 18.4%1, up 190bps y-o-y Group (%) 1Q23 4Q22 3Q22 2Q22 1Q22 ▪ FBL3 at 15.5%1, up 190bps y-o-y; up 30bps q-o-q Capital6 CAD 18.41 19.02 17.22 17.02 16.52 Volumes CET1 15.51 16.02 14.92 14.72 14.02 ▪ Group performing
Slide 7: Core Income
Core Income Δ NII (y-o-y, € m)1 Δ Fees (y-o-y, € m) +55.6% +9.5% 54 503 +15.2% 143 56 (6) (28) 16 5 129 (40) 118 323 112 (2) (1) (1) (6) Greece 2 3 Δ Loans Δ Lending 1Q22 Mechant acquiring Δ SEE Δ Capital Markets Δ Deposits 1Q22 Δ TLTRO Δ Gapping & other Δ Bancassurance & Asset mng 1Q23 1Q22 1Q22 ex
Slide 8: Profitability
Profitability Core PPI and Provisions (€ m) Core Operating Profit2 (€ m) 500 +90.6% 335 +74.6% 410 400 176 300 Core PPI 235 200 1Q22 1Q23 100 Profit before Tax3 (€ m) 0 Loan Loss (59) (75) -100 Provisions 1Q23 401 (18.1)% 1Q22 328 CoR1 63 75 1Q22 1Q23 (bps) 1. On net loans. 2. Core Operating profit=
Slide 9: Capital & TBV
Capital & TBV CET1 FLB3 TBV per share (€) +22.8% +190bps 15.5%1 +4.7% 1.78 13.6% 1.70 1Q22 1Q23 CAD 1.45 +190bps 18.4%1 1Q22 4Q22 1Q23 16.5% 1Q22 1Q23 1. Pro forma for all announced M&A (Serbian operations disposal, BNP Bulgaria acquisition & Hellenic bank stake increase), Synthetic and Solar securi
Slide 10: Diversified business model
1Q 2023 Results Diversified business model
Slide 11: Segmental analysis: diversified earnings generation
Segmental analysis: diversified earnings generation Key Metrics (1Q23) Net profit1 (€ m) Net 2022 Group (%) Assets RWAs TBV RoTBV2 RoTBV Profit1 € bn € bn €m €m 382 226 137 167 114 Greek banking Greek Banking 58.9 32.6 4,272 167 16.1% 23.4% operations Operations 1Q22 32 2Q22 3Q22 4Q22 34 1Q23 Greek
Slide 12: Eurobank Group Investment Real Estate Portfolio
Eurobank Group Investment Real Estate Portfolio Big boxes & 1Q23 Office Mixed use Retail Logistics Special use Total supermarkets No. of assets (#) 62 26 80 33 22 28 251 Book Value (€ m) 443 184 166 341 96 72 1,302 % of total BV 34% 14% 13% 26% 7% 6% 100% BV / GLA (€ /sqm) 1,583 2,354 1,827 1,285 63
Slide 13: Bulgaria key metrics
Bulgaria key metrics1 1Q23 Highlights Core PPI and provisions (€ m) Net profit €34m, up 49.3% y-o-y ▪ Core PPI at €46m, up 32.8% y-o-y 46 Core 38 41 42 35 PPI ▪ NII up 34.9% y-o-y at €65m ▪ Commission income up 9.6% y-o-y at €18m (9) (9) (8) (11) (10) Provisions ▪ Cost – to - core income at 44.6% ▪
Slide 14: Cyprus key metrics
Cyprus key metrics1 1Q23 Highlights Core PPI (€ m) Net profit €40m in; up 100% y-o-y ▪ Core PPI up >100% y-o-y at €53m 53 43 ▪ NII up >100% y-o-y at €57m 28 31 ▪ Commission income down 3.0% y-o-y at €10m 26 ▪ Cost – to – core income at 21.1% ▪ CoR at 46bps 1Q22 2Q22 3Q22 4Q22 1Q23 NPEs ratio and pro
Slide 15: Balance sheet
1Q 2023 Results Balance sheet
Slide 16: Balance sheet composition
Balance sheet composition Assets (€ bn) Liabilities and Equity (€bn) 81.9 81.9 60 50 Net loans 40.0 Deposits 55.1 40 13.9 Investment Securities 30 Derivatives 1.0 Loans & advances to banks 1.7 Wholesale funding 4.4 Tier II 1.3 20 14.0 Other3 4.2 Cash & central banks balances Derivatives 1.6 10 Inves
Slide 17: Securities portfolio
Securities portfolio Breakdown per issuer Breakdown per classification Trading & other; 3% FVOCI; 27% CLOs (AAA); Trading & other; 10% 3% € 13.9 bn Financial Institutions; Amortized Cost; 70% 10% Greek Corporate bonds; Government; Amortized cost breakdown 13% € 13.9 bn 39% CLOs (AAA); Corporate bond
Slide 18: Loans
Loans Gross loans (€ bn) Performing loans (€ bn) Organic1 growth +€0.3bn in 1Q23 41.6 41.9 41.7 39.7 40.7 39.4 39.8 39.8 38.4 8.5 8.7 9.1 SEE 37.1 8.0 8.3 8.2 8.4 8.8 SEE 8.0 7.7 5.0 4.9 4.9 4.7 5.1 Senior Notes 4.9 5.0 4.9 4.7 Senior Notes 5.1 Greece Greece Business 18.1 18.4 Business 16.6 17.4 18.
Slide 19: Deposits
Deposits Breakdown by region Breakdown by type 29% 21% 21% 21% 24% 54.1 55.6 55.1 Time/ 51.0 52.5 Total 16.0 16.2 15.1 15.8 14.9 1Q22 2Q22 3Q22 4Q22 1Q23 SEE Breakdown by customer Greece 37.4 38.3 39.6 38.9 36.1 Individuals & SB; Corporate; 62% € 55.1 bn 38% 1Q22 2Q22 3Q22 4Q22 1Q23 19
Slide 20: Liquidity
Liquidity Net loans / Deposits ratio Net ECB Funding (€ bn) (1.5) (2.9) (6.2) (5.7) 74.1% 74.3% TLTRO 11.6 11.6 73.4% 72.9% 8.8 8.3 72.4% Cash at (13.1) (14.5) (14.0) (15.0) central banks 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 1H22 FY22 1Q23 Liquidity coverage ratio (LCR) & Net Stable Funding ratio (NSFR) HQ
Slide 21: MREL position
MREL position MREL (% RWAs) 22.91 23.03 20.48 3.86 Senior preferred ▪ 1Q23 MREL ratio at 23.03%, exceeding the non-binding January 1st 5.09 3.70 liabilities3 2024 MREL target of 22.91% CBR2 19.05 17.94 Own Funds4 MREL 16.78 target ▪ Final MREL target set at 27.46%1 of RWAs; compliance horizon until
Slide 22: Wealth Management
Wealth Management Assets under Management (€ bn) Private Banking CAL1 (€ bn) +0.7 +0.3 9.8 4.4 8.9 9.1 4.3 8.7 8.4 4.1 4.1 4.1 4.2 3.9 4.1 Greece 4.1 3.9 3.2 3.5 3.1 3.1 3.2 Own Mutual Funds Cyprus 2.8 2.6 2.6 2.4 2.4 3rd Party Mutual Funds Luxembourg 0.5 0.4 0.4 0.4 0.4 2.8 Discretionary AuM 2.2 2.
Slide 23: Profitability
1Q 2023 Results Profitability
Slide 24: Loan spreads
Loan spreads Loan client rates (Greece, bps) Lending spreads (Greece, bps)1 1Q22 2Q22 3Q22 4Q22 1Q23 528 Performing 357 342 307 286 285 Corporate 327 299 262 242 242 436 509 3M avg Euribor (53) (36) 47 177 263 350 6M avg Euribor (47) (10) 96 229 309 318 321 419 Retail 388 388 361 340 340 340 Consume
Slide 25: Net Interest margin & deposit spreads
Net Interest margin & deposit spreads Net Interest margin (bps) Deposit spreads (Greece, bps) 1Q22 2Q22 3Q22 4Q22 1Q23 Savings & Sight (55) (49) 17 142 238 283 Time (55) (43) (8) 66 123 SEE 253 Total (55) (48) 13 129 211 249 Group 1M avg Euribor (55) (53) 9 135 235 224 244 209 196 217 Greece 186 180
Slide 26: Net Interest Income
Net Interest Income NII breakdown (€ m)1 Δ NII (q-o-q, € m)1 1Q22 2Q22 3Q22 4Q22 1Q23 4Q22 449 Loan Margin 285 292 329 396 460 Δ loans 55 Bonds & Derivatives 49 67 70 87 114 Central banks net Δ Bonds & Derivatives 24 19 18 9 34 29 funding Greece Money Market & Δ Central banks net funding (13) +11.9%
Slide 27: Commission Income
Commission Income Commission income breakdown (€ m) Commission income per region (€ m) +9.5% y-o-y (+15.2% y-o-y l-f-l1) 65bps 142 142 over assets 134 134 128 129 129 30 128 118 118 31 46 31 29 SEE 31 36 22 38 Lending 28 43 Network transactions 52 51 50 42 & credit cards 112 97 103 100 Greece 9 8 90
Slide 28: Operating expenses
Operating expenses OpEx per region (€ m) OpEx breakdown (Greece, € m) 158 +2.6% 162 Depreciation 222 222 21 21 206 213 216 48 51 54 59 60 SEE 14 IT 13 35 Administrative 158 162 162 163 162 Greece 33 13 14 Resolution Fund 1Q22 2Q22 3Q22 4Q22 1Q23 Cost –to- core income (%) Staff 78 78 1Q22 1Q23 Greece
Slide 29: Pre-provision income (PPI)
Pre-provision income (PPI) Core PPI and other income (€ m) Δ Core PPI (q-o-q, € m) 240 332 44 99 (12) Other income 410 370 SEE 281 106 259 90 235 53 67 74 410 398 62 370 279 304 Greece (13) (0) 192 207 (12) 173 1Q22 2Q22 3Q22 4Q22 1Q23 PPI per region (€ m) 591 Δ NII Δ opex 4Q22 Core PPI 1Q23 Core PP
Slide 30: Δ Core Operating Profit
Δ Core Operating Profit (y-o-y, € m) 44 125 10 0 410 1Q23 (0 ) Core PPI (4 ) Greece 1Q22 235 Core PPI 1Q23 1Q22 (59) Δ SEE Δ Fees Δ admin & RF Δ staff OPEX 1 Δ depreciation Δ NII Loan Loss Loan Loss (75) Provisions Provisions 1Q22 1Q23 Core Operating 176 +90.6% 335 Profit PBT2 401 328 1. RF: Resolut
Slide 31: Asset Quality
1Q 2023 Results Asset Quality
Slide 32: Asset quality metrics
Asset quality metrics NPEs formation1 (€ m) NPEs ratio (%) Δ NPEs stock (30) (246) (88) (146) (48) (q-o-q, €m) 20 33 6.7% 16 19 7 SEE 30 2 5.9% 5.6% 14 14 20 5.2% 5.1% (10) (13) (24) Greece (6) 1Q22 2Q22 3Q22 4Q22 1Q23 3 (30) 1Q22 2Q22 3Q22 4Q22 1Q23 Loan loss provision (€ m) NPE coverage (%) 63 64
Slide 33: NPEs formation per segment (Greece)
NPEs formation per segment (Greece) Mortgages (€ m) Consumer (€ m) 39 32 26 22 13 21 12 17 12 (5) 7 7 10 10 (9) 1 2 4 3 5 6 (41) (17) (24) (27) (57) (66) (67) (3) (2) (2) (2) (80) (83)(85)(81) (4) (5) (105) (9) (10) (123) 1Q18 1Q19 3Q20 3Q21 3Q22 3Q18 3Q19 2Q20 4Q20 2Q22 4Q22 1Q21 2Q21 4Q21 2Q18 4Q1
Slide 34: NPE metrics (Group)
NPE metrics (Group) 90dpd bridge to NPEs (€ bn) NPEs per region Provisions & NPE 0.2 2.1 Total NPEs NPE ratio collaterals / 0.6 coverage NPEs 1.3 (€ bn) (%) (%) (%) (1.6) Consumer 0.2 9.9 122.7 124 Mortgages 0.5 6.0 73.2 160 Small Business 0.4 13.0 70.8 140 0.5 Corporate 0.8 3.9 65.1 132 2 90dpd NPF
Slide 35: Loans' stage analysis (Group)
Loans’ stage analysis (Group) Loans’ stage breakdown Provisions stock over NPEs (€ bn) 1Q22 2Q22 3Q22 4Q22 1Q23 75.5% 76.0% 73.7% Stage 1 31.7 32.7 33.6 34.2 34.4 71.9% 72.6% Stage 2 5.2 5.5 5.4 5.4 5.1 Stage 3 2.6 2.4 2.3 2.2 2.1 (NPEs) 1 Total 39.5 40.6 41.3 41.7 41.6 1Q22 2Q22 3Q22 4Q22 1Q23 Stag
Slide 36: Capital
1Q 2023 Results & EUROBANK Holdings Capital
Slide 37: Capital ratios (CET1 FLB3, q-o-q)
Capital ratios (CET1 FLB3, q-o-q) 75bps 15.7% 35bps 15.5% 15.2%2 40bps 8bps (30bps) (20bps) (9bps) (35bps) (8bps) (21bps) 2023 OCR 9.9% 1 3 1 4 5 Asset Growth 4Q22 CET1 1Q23 PBT securities at 1Q23 CET1 M&A activity 1Q23 CET1 Transition & disposal securitization Other amortisation Share Buy- Regulato
Slide 38: Capital ratios (CAD, q-o-q)
Capital ratios (CAD, q-o-q) 19.0%2 75bps 18.6%2 40bps 18.4% (9bps) 52bps 8bps (78bps) 2.9% (35bps) (20bps) 3.0% Tier II (36bps) (25bps) (27bps) Tier II 16.0% 15.7% CET1 CET1 2023 CAD OCR 14.6% 1 3 4 5 Asset Growth transitions 1Q23 PBT securities at M&A activity Transition & disposal securitization 4
Slide 39: ESG commitments and performance
1Q 2023 Results ESG commitments and performance https://www.eurobankholdings.gr/en/esg-environment-society-governance
Slide 40: ESG Strategy Drivers
ESG Strategy Drivers Financed impact strategy Impact resulting from the Bank’s lending and investing activities to Our holistic specific sectors and clients. Operational Impact Strategy ESG Strategy Impact arising from the Bank’s operational activities and footprint. Participation We aspire to creat
Slide 41: Operational impact strategy targets and commitments
Operational impact strategy targets and commitments Environmental Impact Employer’s impact Societal and Business impact 4. Embed a diverse and inclusive environment 7. Sustainable procurement practices by 2024 1. Net Zero by 2033 by 2030 • Incorporate further ESG criteria in procurement • Energy upg
Slide 42: Operational impact: 1Q23 highlights of ESG actions
Operational impact | 1Q23 Highlights of ESG actions, initiatives & achievements Environment Social Governance Energy and emissions ESG Upskilling and capacity building ESG Culture • 17% reduction in electricity consumption and Scope 2 • Extensive ESG upskilling programs for all staff • Published ESG
Slide 43: Financed impact strategy targets and commitments
Financed impact strategy targets and commitments Portfolio Targets Sectoral Targets Next Milestones €2bn new green disbursements to businesses until 35% of new disbursements in Energy sector will be Aim to develop a Net Zero Roadmap (applying PCAF* 2025 methodology) by Q1 2024 directed to Renewable
Slide 44: Financed impact: 1Q23 Highlights
Financed impact | 1Q23 Highlights On track with our Targets ESG Risks Transparency ~20% We have disclosed information about our ESG Business Strategy, Governance and Risk Management Processes as well as of the 1Q23 gross new corporate disbursements were classified as Green/ quantitative information
Slide 45: Robust ESG Governance structure
Robust ESG Governance structure that supports the roll out of the ESG Strategy and the integration of C&E risks Integration of CR&E Risk Management across the Enhanced Governance Structure and Committees Three Lines of Defense ✓ Dedicated teams within CIB (Sustainability Centre of ✓ Oversight of cli
Slide 46: Macroeconomic update
1Q 2023 Results Macroeconomic update
Slide 47: Macro & market developments and FY23 outlook
Macro & market developments and FY23 outlook ▪ 2022 Real GDP growth exceeding expectations at 5.9%, driven mainly by private consumption (+7.8% y-o-y), exports of services (+9.9% y-o-y; tourist receipts in FY2022 at 97% of the 2019 record high, arrivals at 89%), but also fixed investment (+11.7% y-o
Slide 48: Domestic Labour Market
Domestic Labour Market The unemployment rate continues to decline Employment growth decelerates in recent months Long term unemployment still well above the pre-debt crisis levels Recovery of productivity requires continued implementation of structural reforms and investments Source: ELSTAT, Eurosta
Slide 49: Selected indicators of domestic economic activity
Selected indicators of domestic economic activity ESI improves at the start of 2023; higher relative to the EA PMI above the 50 units threshold for a 3rd month in a row After the post pandemic recovery, relative stability for retail Manufacturing production accelerates in Q1 2023 trade Source: ELSTA
Slide 50: Real estate prices: growth remained strong in Q4 2022
Real estate prices: growth remained strong in Q4 2022 Index of Apartment Prices Index of Retail and Office Prices 4Q10 – 4Q22 1H11 – 1H22 Source: BoG 50
Slide 51: Fiscal and current account balances
Fiscal and current account balances ▪ Stability and Growth Pact 2023-2026 (SGP2023-2026) fiscal forecasts for 2022 & 2023 (in ESA2010 terms): ▪ 2022 estimate over performed compared to 2023 Budget : a primary surplus of 0.1% of GDP against a 2023 Budget target of -1.6% of GDP. The total General Gove
Slide 52: Sovereign debt profile
Sovereign debt profile General Government gross public debt ▪ According to the SGP2023-2026, the Greek Gross Public (% of GDP, ESA terms) Debt was estimated at 171.3% of GDP for 2022 and expected at 162.6% and 150.8% of GDP in 2023 and 2024 respectively vs 194.5% in 2021 and a peak of 206.3% in 2020
Slide 53: Bulgaria
Bulgaria • The economy expanded by 3.4% in 2022, from 7.6% in 2021 •Growth is expected at 1.4% in 2023 with a rebound of 3.5% in 2024 (IMF, World Economic Outlook, April 2023) •Inflation continues to weigh on the outlook; HICP averaged 12.1%YoY in Q1-2023 from 13.0% in 2022; expected to recede to 7.
Slide 54: Cyprus
Cyprus ▪ IMF (April 2023) foresees a real GDP growth rate of 2.5% for 2023, accelerating to 2.8% in 2024 ▪ The Cypriot economy continued to exhibit strong momentum in 2022, growing by 5.6% ▪ Still, the current account deficit widened in 2022 to 10.2% of GDP, from 7.1% in 2021, due to a deterioration
Slide 55: Appendix I – Supplementary information
1Q 2023 Results Appendix I – Supplementary information
Slide 56: 2023 financial goals
2023 financial goals FY22 1Q23 FY23E8 Δ performing loans €3.2bn €0.3bn c.€2.8bn Core PPI €1.1bn €0.4bn c.€1.4bn Core Operating Profit1 €869m €335m c.€1.1bn RoTBV c.10.4%2 15.8%3 c.13.0%3 EPS €0.182 €0.06 c.€0.22 CoR4 71bps 75bps c.85bps NPE ratio 5.2% 5.1% c.5.2% NPE coverage 75.5% 76.0% c.68.0% FLB
Slide 57: Summary performance
Summary performance Balance sheet – key figures Income statement – key figures €m 1Q23 4Q22 €m 1Q23 4Q22 Gross customer loans 41,686 41,810 Net interest income 502.5 449.2 Provisions (1,550) (1,572) Commission income 129.3 142.4 Loans FVTPL 16 16 Operating income 619.6 690.9 Net customer loans 40,03
Slide 58: Consolidated quarterly financials – Income statement
Consolidated quarterly financials – Income statement (€ m) 1Q23 4Q22 3Q22 2Q22 1Q22 Net Interest Income 502.5 449.2 363.2 344.4 323.0 Commission income 129.3 142.4 133.9 127.6 118.1 Other Income (12.2) 99.4 43.5 331.7 239.5 Operating Income 619.6 690.9 540.7 803.6 680.6 Operating Expenses (221.5) (2
Slide 59: Consolidated quarterly financials – Balance sheet
Consolidated quarterly financials – Balance sheet (€ m) 1Q23 4Q22 3Q22 2Q22 1Q22 Consumer Loans 2,803 2,752 2,743 2,764 2,685 Mortgages 10,015 10,039 10,100 10,007 9,925 Household Loans 12,818 12,791 12,843 12,771 12,610 Small Business Loans 3,716 3,720 3,700 3,738 3,648 Corporate Loans 20,471 20,44
Slide 60: Consolidated financials
Consolidated financials Income Statement (€ m) 1Q23 1Q22 Δ y-o-y (%) Net Interest Income 502.5 323.0 55.6 Commission income 129.3 118.1 9.5 Other Income (12.2) 239.5 >(100) Operating Income 619.6 680.6 (9.0) Operating Expenses (221.5) (206.2) 7.4 Pre-Provision Income 398.1 474.4 (16.1) Loan Loss Pro
Slide 61: SEE operations key figures – 1Q23
SEE operations key figures – 1Q231 Bulgaria Cyprus Lux Sum Assets 8,395 8,489 2,234 19,118 Gross loans 5,790 2,577 740 9,107 Balance Sheet Net loans 5,604 2,527 740 8,871 (€m) NPE loans 199 82 0 281 Deposits 7,085 7,112 2,008 16,205 CAD2 22.6% 29.1% 23.7% Core Income 83.5 67.0 14.7 165.2 Operating E
Slide 62: Appendix II – Glossary
1Q 2023 Results Appendix II – Glossary
Slide 63: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios This document contains financial data and measures as published or derived from the published consolidated financial statements which have been prepared in accordance with International Fina
Slide 64: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Adjusted net profit: Net profit/loss from continuing operations after deducting restructuring costs, goodwill impairment, gains/losses related to the transformation plan and income tax adjus
Slide 65: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios Forborne: Forborne exposures (in compliance with EBA Guidelines) are debt contracts in respect of which forbearance measures have been extended. Forbearance measures consist of concessions t
Slide 66: Glossary – Definition of Alternative Performance Measures
Glossary – Definition of Alternative Performance Measures (APMs) & other selected financial measures / ratios NPE ratio: Non Performing Exposures (NPEs) at amortized cost divided by Gross Loans & Advances to Customers at amortized cost at the end of the reported period. NPEs formation: Net increase/
Slide 67: Investor Relations contacts
Investor Relations contacts Dimitris Nikolos +30 214 4058 834 dnikolos@eurobankholdings.gr Yannis Chalaris +30 214 4058 832 ychalaris@eurobankholdings.gr Christos Stylios +30 214 4058 833 cstylios@eurobankholdings.gr Investor Relations Division +30 214 4058 834 investor_relations@eurobankholdings.gr
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