Piraeus Bank

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Bourse puts end to 6-day losing streak

The stock market finally regained some lost ground on Thursday after six straight days of decline to send its benchmark just over the 1,025-point level.

The Athens Exchange (ATHEX) general index ended at 1,025.05 points, adding 1.70 percent to Wednesday’s closing of 1,007.94 points. The large-cap FTSE/ATHEX 25 index expanded 1.76 percent, ending at 333.97 points.

Finance Ministry needs to go back to the drawing board over NPLs

Inspectors from the International Monetary Fund, the European Central Bank and the European Commission tasked with assessing Greece's progress in structural reforms have asked for a comprehensive approach to nonperforming loans that will incorporate measures for settling both corporate and household debt, a Finance Ministry official who attended talks in Athens on Tuesday told the state-run Ath

Main stock index slides for 6th month in succession

The moderate growth posted by the Athens benchmark at the end of Tuesday’s trading failed to avert another monthly drop – the sixth in a row for the Greek bourse’s main index, which in September gave up 8.63 percent of its value. It was the first time in three years that the bourse declined for a sixth month in succession.

End auctions take edge off day’s stock losses

The local bourse’s weekly losses came to a painful 5.41 percent at the end of Friday’s session, when the benchmark spent most of the day in the red but managed to redeem itself slightly thanks to a strong showing by buyers in the closing auctions.

The Athens Exchange (ATHEX) general index ended at 1,086.50 points, shedding 0.14 percent from Thursday’s 1,087.98 points.

Stocks post correction after Friday’s major gains

After posting unexpectedly high growth (3.67 percent) on Friday, the Greek benchmark headed south on Monday, as investors were not convinced by the FTSE decision to allow the local market to keep its developed label (for now), given that it had been demoted to emerging status by MSCI and S&P Dow Jones.

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