EUROCORP

Financial Morning News 16/06/2014

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,270.69 posting losses of 2.78%, in a turnover of €152.54mn.


ELSTAT will publish its first-quarter figures on the retail commerce employment index and the service sector turnover.

Corporate Impacts

    • Alpha Bank: The bank agreed to acquire Citibank’s retail banking operations in Greece at a price of €2mn. Under the agreement, the acquired operations comprise Citi’s wealth management unit with customers’ assets under management of about €2.1bn, out of which deposits of about €1bn, net loans, mainly credit card balances, of €0.4bn, as well as a retail branch network of 20 units which serves 480k clients.
    • Eurobank: The bank hired Credit Suisse, HSBC, JP Morgan, Mediobanca and Nomura to arrange a series of fixed-income investor meetings in Europe starting from June 16 for a possible bond sale.

Technical

FTSE 25 June future:

        Support levels: 402-396-390. Resistance levels: 418-426-434.

General Index:

      Support levels: 1,255-1,240-1,210. Resistance levels: 1,305-1,330-1,350.

Disclaimer

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The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.

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