National Bank
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ForMin Melescanu says Romania successfully completed tenure as holder of EU Council presidency
Romania successfully completed last week its first tenure as holder of the six-month rotating presidency of the EU Council, and now it can breathe a sigh of relief, Foreign Minister Teodor Melescanu said on Monday.
ATHEX: Volatile day ends with minor gains
After a volatile trading session in Athens on Friday, the main index of the Greek stock market closed up slightly while the banks index ended in the red. Stocks were split between winners and losers as the market failed to sustain the growth momentum seen earlier in the week.
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ATHEX: National Bank takes bourse lower
The benchmark of the Greek bourse fell back into negative territory on Thursday as the banks index took a 2.90 percent dive.
The Athens Exchange (ATHEX) general index ended at 762.49 points, shedding 0.60 percent from Wednesday's 767.07 points. The large-cap FTSE-26 index contracted 0.62 percent to close at 2,003.61 points.
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ATHEX: Stock prices offset their October losses
A sudden jump in stock prices at the Greek bourse on Tuesday wiped out all of October's losses for the benchmark and even gave it a 0.49 percent increase right at the end of the month, compared to September 30.
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Greek banks plan record sale of bad loans as pressure mounts
Three of Greece's largest lenders plan to sell up to 5.5 billion euros in bad loans by early next year, sources said, as the country's central bank chief called on the creaking banking sector to act faster to tackle its bad-debt problem.
Military Plane Crash in Spain - Casualties Unclear
A FIGHTER jet has crashed in Spain as it was returning from a military parade, according to reports, quoted by express.co.uk
The Eurofighter crashed near to the Los Llanos air base in Albacete south of Madrid.
It was reportedly on its way back from participating in a military parade in Madrid to mark Hispanic Day.
It remains unclear if there are any victims.
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Lenders in good shape for NPL reduction
Greek banks managed to meet their targets for the reduction of nonperforming loans (NPLs) in the second quarter of the year, analysts note, stressing that this will continue to represent the biggest challenge for local lenders in the coming months too.
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Alpha profit tumbles in Q2 while National posts net loss
National Bank, Greece's second-biggest lender by assets, swung to losses in the second half of the year, while Alpha, Greece's fourth-largest, reported sharply lower profit in April-to-June after taking a loss on the sale of its Serbian subsidiary, despite lower provisions for impaired loans.
Greek industry continues its dramatic contraction
The sad saga of Greek industrial shutdowns has continued this summer with the compulsory sale of the flagship A.G. Petzetakis plant and the failed tender of Hellenic Steel in Thessaloniki by its Italian owner.
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Bank stocks revert to levels last seen during share capital increase
The completion of the second bailout review has led credit sector stocks to 12-month highs. The new agreement between Athens and its creditors has put banking stocks back on investors' radar screens as expectations that this could mean the crisis is bottoming out have strengthened.