Greek stock market fall in prices – Telegraaf.nl

At the reopening of the Greek stock market investors sought the direct output on. The main indicator in Athens finally ended more than 16% lower. Only bright spot was that shortly after opening was still a loss of 23% on the signs

.

Seniors pushing and shoving at the entrance of the bank in Athens to win cash. (Archive photo) Photo: EPA

->

It was especially bank shares which were targeted. Kachelden as National Bank of Greece and Piraeus Bank are both 30% decline. That’s right, the maximum percentage that a listed company may fall from the regulator.

Analysts had previously expected that the stock market would drop off considerably. The prospects of Greek banks are not good. What it also did not help sentiment were gloomy figures on the Greek industry. Activity in the Greek industry went last month from 46.9 to 30.2. A stand below 50 already represents a contraction.

Carnage

Greece has five larger banks. Calculated according to turnover and market value stabbing them in stark contrast to ING, ABN AMRO and Rabobank. Previously, they needed according to Greece € 25 billion in aid to stay afloat.

National Bank of Greece , a retail bank with a lot of business including loans lost 30% Monday at the opening exhibition . Last year, it posted € 3.7 billion in revenue. The largest foreign shareholders are Global Management (0.5%), UBS (0.2%) and Renaissance (0.1%).

Alpha Bank , a retail bank also active in asset management, dropped 29% last year and had € 2.4 billion in sales and then a market value of € 4.11 billion. Norges Bank is here and overseas asset 0.7% of the shares, Vanguard 0.5%, Blackrock 0.5%, and ING International Advisory 0.02%.

Piraeus Bank , another large bank branches, both individuals and companies granted loans and € 2.4 billion in sales last year, posted Monday immediately lost 30%. Its market value was previously € 2.4 billion. In Piraeus venture investor Paulson 6.6% of the shares, the fund Wellington owns 1.7% Capital 1.3%, Blackrock 1.3%. Again, ING has been minimal interest (0.02%).

Eurobank offers next business finance retail activities, which lost 29% on the stock market. Booked last year’s € 1.9 billion in revenues, and recently had a market value of € 2.1 billion. External risks are in Fairfax, 8.8% of the shares, capital again by 5.6%, 3.8% and Norges MacKenzie 1% of the pieces.

Click here to receive the latest news from your favorite stock right now on your smart phone

Read more about

banks Grexit eurozone euro financial crisis ecb greece imf