Eurobank Ergasias Services and Holdings Management

Management criteria checks 2/4

Eurobank Ergasias Services and Holdings' CEO is Fokion Karavias, appointed in Jan 2022, has a tenure of 2.83 years. directly owns 0.021% of the company’s shares, worth €1.53M. The average tenure of the management team and the board of directors is 6.4 years and 6 years respectively.

Key information

Fokion Karavias

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.8yrs
CEO ownership	0.02%
Management average tenure	6.4yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Fokion Karavias's remuneration changed compared to Eurobank Ergasias Services and Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€1b
Jun 30 2024	n/a	n/a	€1b
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	n/a	n/a	€1b
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€434k	€382k	€1b
Sep 30 2022	n/a	n/a	€1b
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€529m
Dec 31 2021	€338k	€298k	€328m
Sep 30 2021	n/a	n/a	€82m
Jun 30 2021	n/a	n/a	€141m
Mar 31 2021	n/a	n/a	-€1b
Dec 31 2020	€339k	€298k	-€1b
Sep 30 2020	n/a	n/a	-€1b
Jun 30 2020	n/a	n/a	-€1b
Mar 31 2020	n/a	n/a	€159m
Dec 31 2019	€334k	€300k	€127m
Sep 30 2019	n/a	n/a	€115m
Jun 30 2019	n/a	n/a	€109m
Mar 31 2019	n/a	n/a	€150m
Dec 31 2018	€323k	€301k	€156m

Compensation vs Market: Insufficient data to establish whether Fokion's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Fokion's compensation has increased by more than 20% in the past year.

CEO

Fokion Karavias (60 yo)

2.8yrs

Tenure

€434,061

Compensation

Mr. Fokion C. Karavias serves as Chief Executive Officer of Eurobank S.A., and its Director since July 23, 2021. He serves as Chairman of Executive Board of Eurobank S.A. He serves as the Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Fokion Karavias	CEO & Executive Director	2.8yrs	€434.06k	0.021% € 1.5m
Stavros Ioannou	Deputy CEO	1.8yrs	€427.46k	0.0097% € 708.3k
Konstantinos Vassiliou	Deputy CEO	no data	€427.18k	0.0036% € 260.1k
Charalambos Harris Kokologiannis	GM of Group Finance & Group CFO	11.3yrs	no data	0.0066% € 483.1k
Yannis Chalaris	Investor Relations Manager	no data	no data	no data
George Orfanidis	General Manager of Legal Services	no data	no data	no data
Natassa Paschali	GM, Head of Group Human Resources General Division & Group CHRO	6.4yrs	no data	0.0036% € 258.6k
Dimitris Verriopoulos	Head of Private Banking	no data	no data	no data
Julia Zavakos	Co-Head of Funding Origination	19.8yrs	no data	no data
Christos Adam	Group Chief Risk Officer & GM of Group Risk Management	no data	no data	0.0078% € 568.8k
Michalis Louis	Head of International Activities General Division & Group Private Banking	no data	no data	no data
Economidis Eleftherios	Chief Credit Officer	no data	no data	no data

6.4yrs

Average Tenure

60yo

Average Age

Experienced Management: EFGD's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Fokion Karavias	CEO & Executive Director	10.4yrs	€434.06k	0.021% € 1.5m
Stavros Ioannou	Deputy CEO	9.6yrs	€427.46k	0.0097% € 708.3k
Konstantinos Vassiliou	Deputy CEO	6.3yrs	€427.18k	0.0036% € 260.1k
Bradley Paul Martin	Non-Executive Director	10.4yrs	€95.70k	0.0033% € 241.9k
John Hollows	Independent Non-Executive Director	1.3yrs	no data	no data
Jawaid Mirza	Independent Non-Executive Director	8.4yrs	€149.20k	no data
Georgios Zanias	Non-Executive Chairman of the Board	5.7yrs	€295.00k	no data
Rajeev K. Kakar	Independent Non-Executive Director	6.3yrs	€147.50k	no data
Cinzia Basile	Independent Non-Executive Director	3.9yrs	€114.80k	no data
Alice Gregoriadi	Independent Non-Executive Director	4.6yrs	€98.10k	no data
Irene C. Panou	Independent Non-Executive Director	4.6yrs	€113.40k	no data
Burkhard Eckes	Independent Non-Executive Director	1.3yrs	no data	no data

6.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: EFGD's board of directors are considered experienced (6 years average tenure).

Eurobank Ergasias Services and Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

GM of Group Finance & Group CFO recently sold €589k worth of stock

Eurobank Ergasias Services and Holdings S.A., Annual General Meeting, Jul 21, 2022

Recent updates

Third quarter 2024 earnings released: EPS: €0.11 (vs €0.08 in 3Q 2023)

GM of Group Finance & Group CFO recently sold €589k worth of stock

Second quarter 2024 earnings released: EPS: €0.12 (vs €0.12 in 2Q 2023)

Upcoming dividend of €0.093 per share

First quarter 2024 earnings released: EPS: €0.078 (vs €0.071 in 1Q 2023)

Full year 2023 earnings released: EPS: €0.35 (vs €0.36 in FY 2022)

Eurobank Ergasias Services and Holdings S.A. to Report First Half, 2024 Results on Jul 31, 2024

Third quarter 2023 earnings released: EPS: €0.08 (vs €0.044 in 3Q 2022)

AIK Banka a.d. Belgrade completed the acquisition of Eurobank Direktna a. d. Beograd from Eurobank S.A. and former Direktna Banka shareholders.

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: €0.12 (vs €0.18 in 2Q 2022)

Now 21% undervalued

Now 21% undervalued

Now 21% undervalued

First quarter 2023 earnings released: EPS: €0.071 (vs €0.073 in 1Q 2022)

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released: EPS: €0.36 (vs €0.088 in FY 2021)

Eurobank Ergasias Services and Holdings S.A. to Report Nine Months, 2023 Results on Nov 09, 2023

Third quarter 2022 earnings released: EPS: €0.044 (vs €0.007 in 3Q 2021)

Third quarter 2022 earnings released: EPS: €0.04 (vs €0.007 in 3Q 2021)

One United Properties SA (BVB:ONE) acquired Eliade Tower S.A. from Eurobank Ergasias Services and Holdings S.A. (ATSE:EUROB) for €9.5 million.

Second quarter 2022 earnings released: EPS: €0.18 (vs €0.03 in 2Q 2021)

Now 24% undervalued after recent price drop

Eurobank Ergasias Services and Holdings S.A. to Report Q2, 2022 Results on Jul 29, 2022

Eurobank Ergasias Services and Holdings S.A., Annual General Meeting, Jul 21, 2022

First quarter 2022 earnings released: EPS: €0.07 (vs €0.019 in 1Q 2021)

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Now 22% undervalued

Eurobank Ergasias Services and Holdings S.A. to Report Fiscal Year 2021 Results on Mar 10, 2022

Worldline SA (ENXTPA:WLN) signed a binding agreement to acquire 80% stake in Eurobank Merchant acquiring activities from Eurobank Ergasias Services and Holdings S.A. (ATSE:EUROB) for €256 million.

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: EPS €0.032 (vs €0.33 loss in 2Q 2020)

First quarter 2021 earnings released: EPS €0.02 (vs €0.015 in 1Q 2020)

Full year 2020 earnings released: €0.33 loss per share (vs €0.038 profit in FY 2019)

New 90-day high: €0.64

Eurobank Ergasias Services and Holdings S.A. to Report Fiscal Year 2020 Results on Mar 10, 2021

New 90-day high: €0.60

Third quarter 2020 earnings released: EPS €0.02

New 90-day high: €0.43

Eurobank Ergasias Services and Holdings S.A. to Report Q3, 2020 Results on Nov 19, 2020

New 90-day low: €0.34

New 90-day low: €0.35

Angelos Plakopitas completed the acquisition of 30% stake in Global Finance SA from EFG Eurobank.

First half earnings released

First half earnings released

Eurobank Ergasias Services and Holdings S.A. to Report Q2, 2020 Results on Sep 01, 2020

CEO Compensation Analysis

CEO

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Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age