eurobank 2011 net loss €55 bn
Last Updated : GMT 09:07:40
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Last Updated : GMT 09:07:40
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Eurobank 2011 net loss €5.5 bn

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Egypt Today, egypt today Eurobank 2011 net loss €5.5 bn

Athens - AFP

Eurobank said Friday it suffered a 2011 net loss of 5.5 billion euros ($7.15 billion) after taking a massive charge of 4.6 billion euros to cover the cost of a Greek sovereign debt writedown. The writedown was agreed as part of a second international rescue package for Greece in which private investors took new government bonds for old resulting in a combined debt reduction worth some 100 billion euros.

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eurobank 2011 net loss €55 bn eurobank 2011 net loss €55 bn



 
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