Financial Morning News 16/06/2014


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.


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.


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