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| 13/11/2006 |
ATHENS MEDICAL C.S.A.
EMPORIKI BANK OF GREECE S.A.
ALPHA ÂÁÍÊ S.A.
MINOAN LINES
NIREFS S.A.
GENERAL BANK OF GREECE S.A.
ALTEC S.A. INFORM. & COMMUN. SYST.
EUROBANK PROPERTIES REIC
AGRICULTURAL BANK OF GREECE S.A.
HELLENIC EXCHANGES HOLDINGS S.A.
ATTICA HOLDINGS S.A.
C. CARDASSILARIS & SONS - CARDICO S.A.
COSMOTE- MOBILE TELECOMMUNICATIONS S.A
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ATHENS MEDICAL C.S.A. : Board of Directors Proposal to the Extraordinary Shareholders Meeting
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| See the attached file |
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EMPORIKI BANK OF GREECE S.A. : Nine-month 2006 results: Net profit at Euro 94.2 million, up 39.8% - Successful completion of Credit Agricole s mandatory offer for Phoenix
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| See the Press Release and the Presentation to the Analysts.
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ALPHA ÂÁÍÊ S.A. : Notification according to art. 24, of Law 3461/2006
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| According to art. 24, par. 2 (a) of Law 3461/2006, Alpha Bank A.E. announces that, on 10 November 2006 it acquired through the Athens Exchange 23 common, registered, voting shares of Alpha Leasing Á.Å., at a price equal to Euro 6.50 per share. Pursuant to the above, Alpha Bank currently holds 99.66% of the share capital and voting rights of Alpha Leasing. |
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MINOAN LINES : Notification
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| Én accordance with the Presidential Decree 51/1992 and clause 282 of Athens Stock Exchange Regulation we would like to inform the investment community with the following: On November 10th 2006, the company EFG Private Bank (Luxembourg) S.A. informed our Board of Directors that holds 3,556,000 common registered voting shares which represent 5.0137% of the companys share capital. Additionally, on November 9th 2006 the subject participation stood at 4.99% after the sale of 17,000 common shares. |
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NIREFS S.A. : Answer to newspaper article
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In relation to the article of 11/11/2006 by the newspaper ISOTIMIA, which refers to our Company, NIREUS S.A. wishes to point that no decision has been taken for the listing of any of its subsidiary to the AIM market of LSE. We wish to note that our Company, in the past has informed, timely and responsibly, both the authorities and the public, with respect to its development plan in Greece and abroad. In this context our Company analyses the way to achieve its objectives and when conditions mature, it infor
ms responsibly and according to the regulatory framework, for the implementation of any specific action which falls inside its development plan. |
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GENERAL BANK OF GREECE S.A. : Announcement
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Geniki Bank announces that:
Mr Dimitris Georgopoulos is appointed as General Commercial Manager in charge of Retail, SME''s and Marketing. Dimitris Georgopoulos, born in 1961, was till recently marketing and CVM Director in Novabank. He joined Novabank in 1999, as Alternative Channels Director. He also worked as Electronic Networks Director in Piraeus Bank and in XIOSBANK, since 1990, as Operation Manager of IT systems. Dimitris Georgopoulos is vice- president of the Greek Customer Care Institute.
Mr. George Koutsoudakis, already Head of Large Clients Sector, is appointed as General Corporate and Investment Banking Manager in charge of large corporates, investment banking services and treasury. |
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ALTEC S.A. INFORM. & COMMUN. SYST. : Altec has undertaken an insurance project on behalf of Eurolife
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| Altec has undertaken an insurance project on behalf of Eurolife (affiliated company of the Bank of Cyprus) in order to cover the IT needs of Eurolife''s Group Policies'' line of business. After a scrutinized analysis of the functional requirements set by Eurolife, UN.I.S, Altec''s industry solution for the insurance market, was selected as the most suitable insurance administration system. UN.I.S, at the project''s final phase, will cover all Eurolife''s Group Policies administration aspects, exchanging information with the existing General Ledger System. It is deemed that UN.I.S being utilized as the new administration system, will contribute to Eurolife''s goals accomplishment and to the quality of its services. Altec, realizing the growing business challenges of the Insurance market, has developed and is promoting an integrated solution platform, covering the whole spectrum of the Insurance products (Health, Life (Term, Unit Linked, Pension, Annuity), Group Policies, Property, Motor, Personal Accident, Transport, Vessels, Public liability, Fidelity & Surety, Bank Assurance, etc). It is also worth mentioning that UN.I.S (Unified Insurance Software) platform, integrates unique functional features. It can cover both Life and General Insurance lines of business under the same IT platform, it conforms to the specific needs of every insurance company, it is always updated to the E.U. legislation (current and Solvency II), and finally it can boost productivity lowering at the same time operating costs, following best practiced business rules optimizes production processes, allowing the Insurance Company to manage efficiently its exposure to risk. UN.I.S is a customer-centric solution and at the same time incorporates multilanguage and multicurrency capabilities, in order to cover the needs of innovative companies. UN.I.S, maintained constantly on the edge of technology and updated in terms of current legislation, providing vast parameterization and intervention capabilities to the IT department of an Insurance Company, combines all the advantages of in-house developed software and of a customized ad hoc application. |
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EUROBANK PROPERTIES REIC : Company presentation at the Association of Greek Institutional Investors
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| Please be informed that on Wednesday November 15, 2006 at 9:30 a.m. Eurobank Properties REIC will hold a Company presentation at the premises of the Association of Greek Institutional Investors. It is noted that this is the first time that a listed Real Estate Investment Company is presented at the Association. |
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AGRICULTURAL BANK OF GREECE S.A. : 9-Month 2006 Financial Results
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According to International Financial Reporting Standards (IFRS)
- Increase in Net Profit by 24.6% (34.6% on a recurrent basis)
- Net Customer Loans growth by 15% - Impressive increase of Household Lending by 46%
- Net Interest Margin keeps improving (at 3.22%)
- Cost Containment policy within the annual target of 3-4% growth (+2.2%)
- Coverage ratio at satisfactory levels (84.7%)
ATEbank has achieved further growth in profitability in the first 9-months of 2006 compared to the respective period of 2005, as consolidated profits after tax and minority interest increased by 24.6% reaching the level of Euro113.0 million versus Euro90.7 million in the corresponding period of the previous year. On a recurrent basis, if adjusted for one-off items, profits after tax and minority interest increased by 34.6%. It should be noted that the nine month results of 2006 were negatively affected by, firstly, a one-off tax liability of Euro29.9 million related to the dividend paid for the financial year 2005 and secondly, by the negative results of the subsidiary Hellenic Sugar Company (reduced by Euro22.6 million), following the EU decisions regarding sugar production. Net interest income reached Euro429.4 million, a 10.4% increase on a recurrent basis (excluding non-recurring interest income of around Euro60 million during the first nine months of 2005 due to loan restructuring under the law 3259/04 on "Panotokia"). The Net Interest Margin (net interest income over average interest earning assets) reached the level of 3.22%, showing a continued improvement since 30 September 2005 when it stood at 2.99% on a recurrent basis. Net fee and commission income increased by 22.8% compared to the corresponding period in 2005 reaching the level of Euro54.8 million. Other non-interest income, showed a decrease of 6,8% at Euro106,9 million mainly due to the negative effect of the increased cost of sales of the subsidiary Hellenic Sugar Company. Operating expenses reached Euro369.2 million, an increase of 2.2% compared with 30 September 2005. It should be noted that personnel expenses include a provision for the collective salary agreement increase which is expected to be finalized by the end of the year. As a result, the Group Cost Income ratio stood on a recurrent basis at 65.2% in the first nine months of the year, compared to 66.4% in the first nine months of 2005. Impairment losses on loans amounted to Euro45.0 million in the first nine months of 2006, compared to Euro112.5 million in the corresponding period in 2005 (it should be noted that at least Euro60 million of the provisions of 2005 were undertaken pursuant to the restructuring of loans under the "Panotokia law"). Total loans before provisions at the end of September 2006 reached Euro13.4 billion, an increase of 10.7% compared to end of September 2005. It should be noted that if adjusted for the Euro303 million loan write-offs during the period October 2005 to July 2006, the underlying expansion of the loan book would be 13.2%. Net customer loans were up 15% year on year. Household loan portfolio has continued its impressive growth reaching as of 30 September 2006 Euro4.5 billion compared to Euro3.1 billion as of 30 September 2005, an increase of 46%, significantly higher than the overall market growth. The successful marketing, pricing and sales policy which has been introduced during the last year had as a result the remarkable increase in new disbursements. Average mortgage lending new disbursements have gone up in the first nine months of 2006 by 135% compared to the corresponding period in 2005. Similarly, in consumer credit, the new products which were gradually introduced since March 2006 have led the average consumer lending new disbursements in the first nine months of 2006 to increase by 66% compared to the corresponding period last year. The continuous increase of the household segment as a percentage of the total loan portfolio (34% in 9M06 compared to 26% in 9M05) signifies the efforts of ATEbank to expand further its activities in sectors which can produce relatively higher returns both through interest as well as fees and commissions income. In addition, the efforts to penetrate the SMEs sector starts showing positive signs with the outstanding balances of SME''s growing at 14% y-o-y, despite the write-offs that have affected that part of the portfolio. The Euro303 million of total write-offs during the y-o-y period have helped significantly the improvement of the quality of the Bank''s loan book, with the total NPL ratio dropping from 18.8% on 30 September 2005 to 13.9% on 30 September 2006. At the same time, despite the above-mentioned write-offs, the provisioning coverage ratio increased from 80.0% as of 30 Sep 2005 to 84.7% as of 30 September 2006. Customer deposits increased by 4.6% y-o-y at Euro17.5 billion, resulting in a loans to deposits ratio of 76.3%. Such a ratio together with the comparatively low cost of funding (1.47%), in an ECB rate increases environment, is a significant advantage which the bank will continue to utilize in order to foster growth and gain market shares in high competition sectors, such as retail banking. Based on the net profit for the 9M 2006, the Return on average Assets stood at 0.8%, while the Return on average Equity was 13.3%. ATEbank sustains a robust capital adequacy. At the end of September 2006, the estimated Tier I Ratio stood at 11.4%. The turnaround of almost all of the companies in the ATEbank Group into profitability and the sustainability of the Bank?s profits are the result of an intensive effort that is being made throughout the Group at an operational and organizational level. ATEbank in the first nine months of 2006 made its initial expansive moves in the broader SEE region with the acquisition of 75% of the Romanian Mind Bank (the increase from 57% to 75% will be completed soon) and the 20% of the Serbian AIKbanka. The aim is to find opportunities for acquisition, with reasonable valuations, capable management and organization, that can grow organically, promote Group and customer synergies and provide high rates of return in these investments. ATEbank''s main goals for the future are: to increase market share in retail banking, to dynamically penetrate the SMEs segment, to further improve asset quality, to explore other possible opportunities in the SEE region, to disengage from non-financial participations and to improve the return of all companies of the Group. |
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HELLENIC EXCHANGES HOLDINGS S.A. : 9-Month 2006 Financial Results
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HELEX Group today reported consolidated net profits of Euro42.6 ml. for the 9M 2006 compared to Euro19.5 ml. for the same period last year, a 118% increase.
This increase is due to the significant Group income rise by 65%, Euro86.8ml. for the 9M 2006 vs. Euro52.6 ml. for the 9M 2005, which is mainly due to the increase in income from the trading and clearing in the ATHEX cash market (average daily trading value Euro341 ml. for the 9M 2006, versus Euro206 ml. for the same period last year), despite of the reduction in transaction activity for the three month period ended September 30, 2006 compared to the first half of the same year. It is worth noting that all other Group income sources have posted increases. Specifically, income from trading and clearing in the ATHEX derivatives market rose by 31%, while income from listed companies and new listings increased by 69%. The operating costs of the Group continued their downward course, reflecting management''''s continued effort on containing them. In particular, operating costs were reduced by 4% in 9M (Euro19.6 ml. in 9M 2006 vs. Euro20.4 ml. in 9M 2005), mainly resulting from the decrease in personnel salaries and related costs by 10% (personnel number at the end of Q3 2006 stands at 344, versus 387 at the end of Q3 2005), which is the largest cost category (amounting to 57% of operating costs). As a result of the above, the operating result (EBIT) of the Group in 9M 2006 amounted to Euro60.2 ml. vs. Euro27.0 ml. in the corresponding period last year, increased by 122%.
The parent company, in 9M 2006 shows dividend income of Euro30.1 ml. vs. Euro56.8 ml. in the corresponding period last year. Company profits before taxes amounted to Euro25.7 ml. vs. Euro55.8 ml. in the corresponding period in 2005. Finally, the net after tax profits amounted to Euro25.6 ml. vs. Euro55.6 ml. in the corresponding period last year.
HELEX financial statements are posted on the Company''''s website (www.helex.gr) and will be published in the NAFTEMPORIKI newspaper on November 15, 2006.
See the presentation |
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ATTICA HOLDINGS S.A. : Completion of taxation audit
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In accordance with the provisions of paragraph 9d of article 275 of the Regulation of the Athens Exchange, Attica Holdings S.A., informs that the taxation audit by the tax authorities for fiscal years 2002, 2003 and 2004 has been completed.
The taxation audit resulted to taxes difference of amount Euro 469,531 for which the Company has already made a tax provision of Euro 344,000 and therefore the additional amount of Euro 125,531 will be posted in the results of the fourth quarter of 2006. |
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C. CARDASSILARIS & SONS - CARDICO S.A. : Answer to HCMC Letter
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In response to the letter as of 13/11/2006 of the Hellenic Capital Market Commission with Reg. No 5307, regarding the article as of 11/11/2006 published in the newspaper AXIA, the company Con. Cardassilaris & Sons S.A. announces the following:
On 10/09/2001, an agreement was signed between Con. Cardassilaris & Sons S.A. and the company KENTFORD LIMITED, which is headquartered both in Ireland and Moldova, for the transfer of shares of a Moldavian company owned by KENTFORD LIMITED with the corporate name ÊÅÍÔFORD SRL, for the price of USD 200.000.
Con. Cardassilaris & Sons S.A. already since then (2002) - as was provided for by contract - reneged on the purchasing contract on the shares of the company KENTFORD SRL following the incapacity of the co-signatory company to guarantee security for the entire venture. As a result, our company decided not to remain in the commercially unstable market of Moldova as an exporter.
This corporate decision of Con. Cardassilaris & Sons S.A. seemed to be the reason which led the representatives of the Irish-Moldavian company to the mistaken decision to file a lawsuit on 07/11/2006 as mentioned in the article of the newspaper AXIA as of 11/11/2006.
The amount claimed by the company within the frame of the lawsuit, which was notified to us today, amounts to a total of euro 12.715.689,00, but it is not expected to have any impact on the company''s financial status, since, according to our legal advisors the said lawsuit will have a positive outcome for us.
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COSMOTE- MOBILE TELECOMMUNICATIONS S.A : Financial targets of the Group for the next three years
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| See the Announcement
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