greek banks post heavy losses
Last Updated : GMT 19:12:39
Arab Today, arab today
Arab Today, arab today

Greek banks post heavy losses

Arab Today, arab today

Arab Today, arab today Greek banks post heavy losses

Athens - AFP

Greece's top lender National Bank on Wednesday reported a net loss of 2.14 billion euros ($2.75 billion) for 2012 while Alpha Bank said it had sustained a net loss of 1.09 billion euros over the same period. National Bank, which recently completed a merger with number two lender Eurobank, said total assets stood at 104.8 billion euros with deposits at 58.7 billion euros. New number-two Alpha Bank, which acquired smaller lender Emporiki Bank from France's Credit Agricole, had 76.5 billion euros in assets and 41.4 billion euros in deposits. Eurobank, in its final filing, reported an annual loss of 1.45 billion euros with impairment losses of over 1.65 billion euros. Greek stocks tumbled for a second day on Wednesday, with the Athens stock exchange shedding 3.99 percent to 849.62 points on fear of contagion from the financial crisis in neighbouring Cyprus. Bank shares in particular fell by 2.29 percent, with NBG losing 3.57 percent and Alpha down by 3.84 percent. Greek banks last year sustained huge losses in a sovereign debt write-down worth more than 100 billion euros and a subsequent debt buy-back. In 2011, NBG had lost over 12.3 billion euros, Alpha over 3.8 billion and Eurobank 5.5 billion. The banks' recapitalisation is a condition for the continued release of EU-IMF rescue loans for Greece's crisis-hit economy. A sum of 50 billion euros out of the total EU-IMF bailout fund of 240 billion euros has been earmarked for this purpose. At least 10 percent of new capital must come from private investors to keep the banks from being effectively nationalised. The recapitalisation process is expected to be completed in April, though the banks are hoping to postpone this deadline.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek banks post heavy losses greek banks post heavy losses

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek banks post heavy losses greek banks post heavy losses

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday