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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Piraeus Bank S.A.    TPEIR   GRS014003024

PIRAEUS BANK S.A.

(TPEIR)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/03 03:47:28 am
1.187 EUR   +0.34%
11/23PIRAEUS BANK S A : profit drops on higher loan-loss provisions
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11/23PIRAEUS BANK S A : profit drops on higher loan-loss provisions
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11/23PIRAEUS BANK S A : Αnnouncement
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Piraeus Bank S A : has no imminent plans for a share capital increase

10/26/2020 | 11:55am EST

ATHENS, Oct 26 (Reuters) - Piraeus Bank, one of Greece's four largest banks, said on Monday it had no imminent plans for a share capital increase after reports that three of its shareholders proposed such a move.

Piraeus's shares fell 24% on the Athens Stock Exchange after Greek media reported that three of its shareholders, which own a total of 19.8% in the bank, proposed a capital increase of 800 million euros ($945.36 million).

"Piraeus Bank would like to inform the investment community that ... there are no plans to proceed with a share capital increase in the foreseeable future", it said in a stock exchange filing.

It said that it has been exploring all relevant options to accelerate "the derisking of its balance sheet".

Traders said the shares fell because a rights issue would mean significant share dilution for retail shareholders.

Piraeus Bank is 26.4% owned by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF).

($1 = 0.8462 euros) (Reporting by Angeliki Koutantou. Editing by Jane Merriman)


© Reuters 2020
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Financials
Sales 2020 1 888 M 2 287 M 2 287 M
Net income 2020 -68,5 M -83,0 M -83,0 M
Net Debt 2020 - - -
P/E ratio 2020 -7,31x
Yield 2020 -
Capitalization 516 M 624 M 625 M
Capi. / Sales 2020 0,27x
Capi. / Sales 2021 0,28x
Nbr of Employees 11 304
Free-Float 68,4%
Chart PIRAEUS BANK S.A.
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Technical analysis trends PIRAEUS BANK S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 1,62 €
Last Close Price 1,18 €
Spread / Highest target 116%
Spread / Average Target 36,9%
Spread / Lowest Target -19,7%
EPS Revisions
Managers
NameTitle
Christos Ioanni Megalou Chief Executive Officer & Executive Director
George P. Handjinicolaou Non-Executive Chairman
Dimitris Mavrogiannis COO & Executive General Manager
Theodore Gnardellis Chief Financial Officer & Executive GM
Jannis Delis Head-Group Technology
Sector and Competitors