GREECE - Factors to Watch on May 29

Fri May 29, 2009 2:52am EDT
 
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ATHENS, May 29 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Friday:

GREECE'S NBG Q1 NET PROFIT SEEN DOWN 36 PCT

National Bank of Greece (NBGr.AT) is expected to report a 35.7 percent year-on-year drop in net first quarter profit due to higher loan-loss provisions and a lower net interest margin, according to a Reuters poll of analysts. National will report results after 1430 GMT. [ID:nLR127720]

INTRALOT'S Q1 NET PROFIT DOWN 38.5 PCT

Intralot (INLr.AT), the world's second-largest lottery systems provider, posted a 38.5 percent drop in first-quarter net profit on Friday on high start-up costs and weaker currencies in some of its markets. [ID:nLS385977]

GREEK EUROBANK Q1 NET DOWN 62 PCT AS SLOWDOWN BITES

EFG Eurobank (EFGr.AT), Greece's second-largest lender, reported a 62 percent drop in first-quarter net profit, hit by a rise in loan-loss provisions and a slowdown in lending at home and in southeast Europe. [ID:nLS976557]

BANK OF CYPRUS SAYS Q1 NET PROFIT DOWN 46 PCT

Bank of Cyprus (BOCr.AT) saw a 46 percent drop in its first-quarter group net profit to 63 million euros, it said on Thursday. [ID:nLS200361]

GREEK WATER FIRM EYATH'S Q1 PROFIT UP 64 PCT

EYATH (TWSr.AT), Greece's second largest water utility, said on Thursday its first-quarter net profit rose 63.7 percent, helped by cost cuts and a larger client base. [ID:nLS35685]  Continued...

 

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