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Athens News Agency: News in English, 11-10-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Proton Bank under state control
  • [02] Spectacular competition on the roofs of Santorini
  • [03] Athens Stock Exchange opening: Nosedive

  • [01] Proton Bank under state control

    AMNA/Proton Bank became the first Greek bank to be taken under state control, a Finance ministry announcement said on Monday.

    A ministry announcement said that Finance Minister Evangelos Venizelos accepted a recommendation by the Bank of Greece and signed a decision to place the bank under restructuring. Under the plan, a new "good bank" under the name of New Proton Bank will be formed which will carry all savings deposits and the healthy assets of Proton Bank. The ministry revoked the license of Proton Bank which was placed under liquidation.amna

    The new "good bank" received an operating license from the Bank of Greece and was supported by the restructuring arm of the Savings and Investments Fund, while the Financial Stability Fund provided the necessary capital and is now the sole shareholder of the new bank.amna

    New Proton Bank is fully capitalized with a capital adequacy ratio of 10.6 pct, with access to the Eurosystem through the Bank of Greece.

    [02] Spectacular competition on the roofs of Santorini

    AMNA/Trauceur Luis Alkmim from Portugal performs a spectacular jump during the "Red Bull Art of Motion" competition held at Firostefani on Santorini island on Saturday 8 October 2011. Fifteen top parkour and freerunning athletes from around the world took part in the unique race at what has been dubbed the "most natural" parkour track in the world, awing spectators with impressive strides over the white roofs of the houses of Santorini built on the cliff's edge of the famed volcanic Caldera of the popular Greek island. The 15 trauceurs took on Firostefani, enshrined as the "parkour paradise", with breath-taking tricks to a backdrop of the most famous sunset in the world, overtaking natural obstacles such as curves, voids and walls and defying gravity, completing the 200-meter-long course within 90 seconds and putting their personal mark on the race. Red Bull Art of Motion was first introduced as a competition in 2007 and has since turned into a state-of-the-art event in the Free Running community. (PHOTO: AMNA/Daniel Grund).

    [03] Athens Stock Exchange opening: Nosedive

    Equity prices took a plunge at the opening of trade on Monday on the Athens Stock Exchange (ASE), with the basic share price index down 5.70 percent, standing at 702.32 points at 10:45 am, and turnover at 5.557 million euros.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 5.02 percent, the FTSE/ASE MID 40 index was down 2.10 percent, and the FTSE/ASE-80 small cap index was down 1.51 percent.

    Individual sector indices were moving mostly downward across the board, with the biggest gains in Insurance, up 2.13 percent and Personal and Household Goods, up 0.58 percent.

    The heaviest losses were in Banks, down 11.09 percent; Travel and Recreation, down 5.37 percent and Health, down 4.82 percent.

    Of the stocks traded, 12 were up, 42 were down, and 9 were unchanged.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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