Alpha Bank
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Stocks regain 1,300 points in busy day
A favorable climate in European markets and investor interest in banks and several blue chips helped the Athens Stock Exchange return to the 1,300-point level on Tuesday.
Despite some selling towards the end, the general index gained 1.18% to close at 1,300.47 points on turnover of €92.9 million. Blue chips gained 1.34%, mid-caps 0.96% and banks 1.77%.
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Stocks drop for fourth week in a row
The stock market faced a selling wave among heightened concern about the Chinese economy and fears that interest rates will stay high in both Europe and the US for some time.
The ASE general index ended 1.57% lower to 1,263.34 on turnover of €85.66 million. It was the fourth consecutive weekly drop (1.83%), while banks fell 3.02%.
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ASE manages to limit its early losses
The aggressive selling of banks and other blue chips initially led the Athens stock market to lose as much as 1.8%. In the end, the general index ended up at 1,278.87 points, limiting its losses to 0.62%.
Blue chips lost 0.64%, mid-caps 0.50% and banks 1.19%, after being down as much as 3%.
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ASE drops under selling pressure
A subdued session saw Greek stocks decline slightly on Thursday, in contrast to the gains in other European markets.
Most banks and blue chips faced selling pressure, but not excessively.
The ASE general index closed at 1,313.20 points, 0.30% lower on turnover of €84.9 million. Blue chips dropped 0.31%, mid-caps 0.24% and banks 0.13%.
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Alpha Bank first-half profits grow strongly
Alpha Bank's normalized first-half after-tax profits - excluding non-recurring operating expenses and related transactions and taxes - reached €357 million, up 77.7% year-on-year, while, for the second quarter alone, they were €195 million, up 20.3% from the first quarter.
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Stocks gain slightly, but banks drop
The Athens Stock Exchange posted mild gains on low turnover Wednesday, but underperformed European markets, which bounced bank after the Italian government watered down a plan for a windfall tax on banks.
The ASE general index closed at 1,317.18 points, up 0.46%, on turnover of €65.65 million. Blue chips gained 0.38% and mid-caps 0.15%, while banks declined 0.26%.
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Main index up slightly on low turnover
The Athens Stock Exchange posted minimal gains, with the positive news of the upgrading of Greece's debt by Scope Ratings balanced by the negative climate in other European markets.
The ASE general index ended 0.09% higher at 1,320.65 points, trading narrowly throughout the session. Turnover was €79 million.
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Interest income leap for three banks
Three of the four major banks - Eurobank, National and Piraeus - that have published first-half results - Alpha Bank will do so this week - have declared income from interest above 3 billion euros, well up from the €1.8 billion recorded in the first half of 2022.
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Stock market loses grip on early gains
The Athens Stock Exchange proved unable to hang on to early gains recorded on Tuesday. The ASE general index, which got close to its highest levels since 2014, ended down 0.84%, closing at 1,324.28 points.
Negative trends in other European stockmarkets finally were felt in Athens.
Blue chips lost 0.91% and mid-caps dropped 1.35%. Banks lost 0.78%.
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Banks pass EBA’s capital stress test
Greek banks comfortably passed the capital adequacy stress tests conducted by the European Banking Authority (EBA), the latter announced on Friday.
Notably, in the adverse scenario for 2025, National Bank shows a CET1 of 14.5%, Eurobank 12.2%, Piraeus Bank 9.1% and Alpha Bank 8.9%.
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