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Latest Greek financial news on Friday.

Latest Greek financial news on Friday.
GREECE'S INTRALOT 9M NET DOWN 9.8 PCT, MISSES FORECASTS Greek Greek lottery systems supplier Intralot said on Thursday its nine-month net profit dropped 9.8 percent, below market expectations, on high start-up costs and dollar depreciation.

OPAP SAYS EXPANSION INTO TURKEY A PRIORITY

Europe's biggest betting firm OPAP is determined to expand into Turkey, its first step abroad, despite the global slowdown, the group's chief executive told Reuters on Thursday.

ALL BIG GREEK BANKS TO TAKE PART IN SUPPORT PLAN

All of Greece's major lenders will participate in the government's bank support plan aimed at ensuring the continued flow of credit to the economy, the country's finance minister said on Thursday.

ELLAKTOR 9M NET DOWN 34.5 PCT
Greece's largest construction group, Ellaktor said on Thursday nine-month net profit dropped 34.5 percent, as strong gains from the sales of two assets in 2007 were not repeated this year.

FOLLI 9M NET UP 5.2 PCT, STRONG ASIA SALES
Greek jewellery retailer Folli Follie said on Thursday 9-month net profit rose 5.2 percent as robust sales in Asia cushioned it from the world economic downturn.

MARFIN POPULAR SAYS 9M NET FLAT AT 323 MLN EUROS
Nine-month net profit at Cyprus's Marfin Popular Bank was flat year on year at 323.3 million euros, adjusted for one-off gains in 2007.

SOCGEN'S GENIKI BANK POSTS 9M LOSS
Geniki Bank, majority owned by France's Societe Generale, on Thursday reported a group 9-month loss of 29.8 million euros, hurt by loan-loss provisions of 37.9 million.

MIG IN TALKS TO SELL VIVARTIA STAKE
Marfin Investment Group (MIG) said it is in advanced talks to sell an up to 40 percent stake in food group Vivartia with Saudi Olayan Group and the company's CEO Spyros Theodoropoulos, financial daily Kathimerini reported.
www.kathimerini.gr

GREEK FINMIN SAYS NOV INFLATION MAY DROP BELOW 3 PCT
Greece's inflation rate may fall below 3 percent in November, the country's finance minister said on Thursday.

GREEK SEPT CREDIT GROWS 18.1 PCT Y/Y
Greece's total credit expansion accelerated to an 18.1 percent annual pace in September from 17.5 percent in August, Bank of Greece provisional data showed on Thursday.

GREECE GIVEN FINAL WARNING TO AMEND INVESTMENT LAW
Greece received a final warning from EU regulators on Thursday to chane its law restricting potential investors in so-called strategic companies or face being taken to the European Union's top court.

CRISIS EXPOSES GREEK ECONOMY'S WEAKNESS-CENBANKER
The world economic crisis has revealed structural weakness in Greece's economy, which needs a "policy mix" to boost competitiveness, the country's central banker said on Thursday.


28.11.2008

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