Eurobank Ergasias Services And Holdings SA (OTCPK:EGFEF)
$ 2.09 0 (0%) Market Cap: 8.56 Bil Enterprise Value: -1.60 Bil PE Ratio: 6.18 PB Ratio: 0.94 GF Score: 67/100
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Q4 2018 Eurobank Ergasias SA Earnings Call Transcript

Mar 07, 2019 / 04:00PM GMT
Release Date Price: $0.74
Operator

I'm Santinos, your chorus call operator. Welcome and thank you for joining Eurobank Ergasias conference call to present and discuss the third quarter 2018 financial results.

(Operator Instructions) At this time, I would like to turn the conference over to Mr. Fokion Karavias, CEO. Mr. Karavias, you may proceed.

Fokion C. Karavias
Eurobank Ergasias S.A. - CEO, Chairman of Executive Board & Director

Thank you. Ladies and gentlemen, good afternoon, and welcome to the Eurobank Full Year 2019 Results Presentation. I will start with an overview. Then our Chief Financial Officer, Harris Kokologiannis, will give you a more detailed presentation. And finally, we will answer your questions.

Let me start with the macroeconomic conditions, which are improving. In 2018, GDP growth was 1.9%, as announced earlier today and is expected higher by 2% for 2019 according to the official projections. This is based on expectations for stronger consumption and investments, while a weaker eurozone growth environment point to a stabilization year for the tourism

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