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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]

FOLLI GRWS Q1 PROFIT 28 PCT

Greek jewellery retailer Folli Follie (FOLr.AT) said on Thursday first-quarter net profit rose 28.5 percent year-on-year thanks to a diversified business model and increased revenues. [ID:nLS75339]

MARFIN POPULAR Q1 NET PROFIT FALLS 61.7 PCT

Cyprus-based Marfin Popular Bank (MRBr.AT) saw a 61.7 percent drop in its first-quarter net profit to 40 million euros, it said on Thursday. [ID:nLS298804]

CEMENT FIRM TITAN'S Q1 PROFIT FALLS 50 PCT

Titan (TTNr.AT), Greece's biggest cement producer, said on Thursday first-quarter net profit fell 50 percent to 21.3 million euros due to slower construction activity in the United States and Greece. [ID:nLS935059]

GREEK ELLAKTOR Q1 NET UP 31.6 PCT, BEATS FCSTS

Ellaktor (HELr.AT), Greece's largest construction group, said on Thursday first-quarter net profit rose 31.6 percent on higher revenues from its construction business and the operation of a ring toll road. [ID:nLS731857]

MOTOR OIL SAYS WOULD BE INTERESTED IN SHELL'S GREEK NETWORK

Motor Oil (MORr.AT), Greece's second-largest refiner, would be interested in acquiring Shell's (RDSa.L) gas station network in Greece, should the company decide to sell its retail operations in the country, Motor Oil's chairman told shareholders, financial daily Naftemporiki wrote.

www.naftemporiki.gr

STATISTICS SERVICE TO REPORT PPI, RETAIL SALES DATA

Greece's statistics service NSS will report March retail sales data and April producer price inflation (PPI).

EUROPEAN STOCK INDEX FUTURES POINT TO HIGHER START

Stock index futures pointed to a higher start for European share markets on Friday, following a rise in U.S. share prices overnight and firmer commodity prices. [ID:nLT518146]

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For other related news, double click on: ---------------------------------------------------------- EUR Money Guide <EUR/1> Greek Debt News [DBT-GR] Greek Equities Guide <GR/EQUITY> Greece's Debt <GR/DEBT> Greek Economic Indicators [ECI-GR] Government Debt <GR/GOVT> Greek Stock News [STX-GR] Greek Money News [M-GR] Greek Exchange Info <GR/EXCH1> ---------------------------------------------------------



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