18/08/2015 15:10
The banking stocks in the Athens stock Exchange are under strong pressures, pushing the market sharply down on Tuesday.
The banking index is currently down 5.92% to 192.66 points with Piraeus Bank and Eurobank slumping 10.24% and 6.9% respectively. NBG drops 4.7% and Alpha Bank is recording losses of 4.17%.
The Bank of Cyprus stock in Athens declines 1.04% while in the CSE the stock is at €0.191 and at -1.04%.
According to estimates of the Greek media, the possible bail in of the banks to which the shareholders and senior bond holders seem to be the main contributors, is likely to continue worsening the image of the sector.
According to information cited by the Greek media, the banks will announce their half-yearly results at the end of September instead of the last ten days of August as was planned.
This is done at the request of SSM so that the balance sheets of banks contain the qualitative status of the loan portfolios of banks as this will emerge from the AQRs.
The trading volume amounts to €18.4 mn.
With regard to the yield on the ten-year Greek bond, it is at 8.99% from 8.90% yesterday and of the four-year bond at 10.15% from 10.24%.
As for the Cyprus Stock Exchange, the general index falls 1.26% to 78.33 points and FTSE is at 45.06 points and at -1.49%.
In Europe, fluctuations are mild.
The German DAX is recording losses of 0.11%, the French CAC 40 is at -0.27% and the English FTSE 100 loses 0.43%.
In the political front, Greek Prime Minister Alexis Tsipras is since early morning at Maximos Mansion to attend the meeting with the economic team as scheduled.
From Thursday, August 20 onwards a period of intense processes is starting, closely related to the disbursement of the tranches.
Sources allegedly say that the Prime Minister will submit a proposal of trust, a move that leaves open the possibility of elections.
According to the official information, from August 20 onwards Alexis Tsipras will meet with government officials in order to determine further moves in order to ensure the vote of confidence in the government.
The banking index is currently down 5.92% to 192.66 points with Piraeus Bank and Eurobank slumping 10.24% and 6.9% respectively. NBG drops 4.7% and Alpha Bank is recording losses of 4.17%.
The Bank of Cyprus stock in Athens declines 1.04% while in the CSE the stock is at €0.191 and at -1.04%.
According to estimates of the Greek media, the possible bail in of the banks to which the shareholders and senior bond holders seem to be the main contributors, is likely to continue worsening the image of the sector.
According to information cited by the Greek media, the banks will announce their half-yearly results at the end of September instead of the last ten days of August as was planned.
This is done at the request of SSM so that the balance sheets of banks contain the qualitative status of the loan portfolios of banks as this will emerge from the AQRs.
The trading volume amounts to €18.4 mn.
With regard to the yield on the ten-year Greek bond, it is at 8.99% from 8.90% yesterday and of the four-year bond at 10.15% from 10.24%.
As for the Cyprus Stock Exchange, the general index falls 1.26% to 78.33 points and FTSE is at 45.06 points and at -1.49%.
In Europe, fluctuations are mild.
The German DAX is recording losses of 0.11%, the French CAC 40 is at -0.27% and the English FTSE 100 loses 0.43%.
In the political front, Greek Prime Minister Alexis Tsipras is since early morning at Maximos Mansion to attend the meeting with the economic team as scheduled.
From Thursday, August 20 onwards a period of intense processes is starting, closely related to the disbursement of the tranches.
Sources allegedly say that the Prime Minister will submit a proposal of trust, a move that leaves open the possibility of elections.
According to the official information, from August 20 onwards Alexis Tsipras will meet with government officials in order to determine further moves in order to ensure the vote of confidence in the government.
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