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Tuesday, 26 November 2024
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Athens News Agency: News in English, 08-11-05Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Emporiki Bank reports 121-mln-euro loss in Jan-SeptEmporiki Bank on Wednesday reported a 121.31-million euros loss in the nine-month period from January to September, after profits of 76.5 million euros in the corresponding period last year. The bank attributed its negative results to a "serious worsening" of the global financial climate and to a one-off tax burden of 55 million euros.Net interest revenue fell by 80 million euros in the nine-month period, with net revenues falling 16.2 pct to 599.2 million euros, while net revenues from interest dropped 14.1 pct to 488.5 million euros reflecting increased competition and higher cost of raising money from capital markets. Net revenues form commissions fell 11.7 pct to 102.7 million euros, while other operating revenues totaled 8.0 million euros. Emporiki Bank said its mortgage loan portfolio grew by 10.9 pct to 7.2 billion euros, while consumer loans grew by 19.4 pct to 3.231 billion euros. Credicom saw its lending portfolio rising 18 pct to 1.116 billion euros since December 2007 and by 35 percent compared with the same period in 2007. Loans to small- and medium-sized enterprises grew 19.7 pct to 6.536 billion euros, saving deposits rose 4.0 pct to 17.673 billion euros, while the group's own capital totaled 702 million. The bank said a general shareholders' meeting, schedule for February 13, 2009, will approve a share capital increase plan. Emporiki Bank said liquidity level was strong because of its high saving deposits base (17.7 billion euros) and after the successful completion of a bond loan sale (500 million euros). [02] Coca-Cola Hellenic Bottling says net profits down 3% in Jan-SepCoca-Cola Hellenic Bottling on Wednesday reported a 3.0-pct decline in its nine-month profits to 422 million euros and said the volume of sales rose 4.0 pct to 1.62 billion boxes and net revenues rose 8.0 pct to 5.39 billion euros. The company said operating earnings (EBIT) fell 3.0 pct to 600 million euros.Net profits in the three-month period from July to September were unchanged at last year�s levels to 213 million euros, with earnings per share falling 2.0 pct to 0.58 euros. The volume of sales rose 4.0 pct to 610 million euros and net revenues rose 9.0 pct to 2.075 billion euros. The company�s board approved paying a dividend of 0.25 euros per share to its shareholders for the year 2007. [03] Piraeus Bank buys 31.3% in Proton BankPiraeus Bank on Wednesday announced the purchase of a 31.3147-pct equity stake in Proton Bank through a stock swap deal. Under the terms of the deal, the stock swap ratio was set at 8.25 shares of Proton Bank for each Piraeus Bank's share at the closing of Friday, Oct. 31, 2008.A total of 19,629,247 million euros of Proton Bank will be exchanged for 2,379,303 shares of Piraeus Bank's treasury stock. [04] Int'l Digital Film Fest in AthensThe Platmorma Video 8 International Digital Film Festival will be held at Technopolis exhibition centre, in the Gazi district of central Athens, on Nov. 7-10, featuing a focus on Israeli cinema, with screenings of 11 fictional, experimental and animated films. This year's event will take place in the presence of Israeli actress Esti Zakhem, the event's special guest.Caption: An exterior view of the state-of-the-art Technopolis centre, a renovated 19th century gas works in downtown Athens. ANA-MPA [05] Stocks fall on profit takingGreek stocks ended a six-day rally at the Athens Stock Exchange on Wednesday as sellers re-appeared in other European and international markets, pushing share prices lower. The composite index of the market fell 0.38 pct to end at 2,221.02 points, with turnover a massive 732.5 million euros, of which 436.5 million euros were block trades and mainly reflected the transfer of Hellenic Telecoms' shares to Deutsche Telekom.Most sectors moved lower with the Healthcare (2.76 pct), Oils (1.92 pct), Telecommunications (1.23 pct) and Banks (1.12 pct) suffering the heaviest percentage losses of the day, while Personal/Home Products (3.37 pct), Industrial Products (2.42 pct) and Food/Beverage (2.32 pct) scored gains. The FTSE 20 index fell 0.67 pct, the FTSE 40 index was 0.97 pct up and the FTSE 80 index rose 1.23 pct. Broadly, advancers led decliners by 158 to 91 with another 40 issues unchanged. Athens News Agency: News in English Directory - Previous Article - Next Article |
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