GREECE - Factors to Watch on September 28

 

Here are news stories, press reports and events which may affect Greek financial markets on Monday:

GREEK AUGUST HOUSEHOLD CREDIT GROWTH SLOWS TO 4.7 PCT Y/Y

Growth in Greek household borrowing slowed further to anannual 4.7 percent pace in August from 5.2 percent in July, inline with broader euro zone trends, the country's central banks aid on Friday.

HSBC UPGRADES PIRAEUS BANK, BANK OF CYPRUS

HSBC upgraded Piraeus Bank to neutral from under weight and Bank of Cyprus to overweight from neutral. It also raised Eurobank's price target to 10.8 from 7.7 euros, keeping its neutral rating, and National Bank's price target to 29 from 24 euros, maintaining an overweight rating. HSBC also raised Alpha Bank's and Marfin Popular Bank's price targets to 11.9 from 8.1 euros and to 2.6 from 2 euros, respectively.

ONLINE TRADING FIRM SAXO BANK OPENS OFFICE IN ATHENS 

Online trading and investment firm Saxo Bank is launching operations in Athens to tap growing demand for online investment services, executives said on Friday.

KLEEMAN LOOKS FOR MIDDLE EAST COOPERATION OPPORTUNITIES

Elevator systems firm Kleeman is looking for cooperation opportunities in the Middle East, financial daily Imerisia reported, citing unnamed sources. The company has invested 16.5 million euros in 2007-2009 mainly on new buildings and equipment, the paper added.

GREEK BROADBAND CONNECTIONS UP 7.4 PCT IN Q2

Broadband connections in Greece rose 7.4 percent in the second quarter of the year compared to the first three months of 2009, according to a report of research company Point Topic, financial daily Imerisia reported.

EUROPEAN INDEX FUTURES POINT TO 3RD DAY OF LOSSES

European stock index futures fell in early trade on Monday, pointing to a third day of losses for equities, tracking weakness in the Asian market after the yen surged to an eight-month high against the dollar.