Thursday March 5, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Major banks count losses

By Yiannis Papadoyiannis

Alpha Bank, Eurobank EFG, National Bank and Piraeus Bank, the country’s four major commercial lenders, are on Friday expected to announce combined losses of more than 22 billion euros for 2011.

This is due to the 53.5 percent haircut on Greek bonds through the private sector involvement (PSI) process as well as the deterioration of the quality of their loan portfolios as recorded during inspections by BlackRock Solutions.

With amassed losses of 19 billion euros between them during the first nine months of the year, the country’s four main banks are expected to present fourth-quarter losses of some 3.6 billion euros, according to sources, taking their total losses to over 22.5 billion euros for the whole of the year.

ekathimerini.com , Wednesday April 18, 2012 (23:30)  
Draghi details sought as ECB´s QE plan poised to be fleshed out
Greece struggles to make debt math work amid bailout standoff
Industrial products offset agricultural exports’ losses
BoC disposing of 41 properties across Greece
Police, ministry dodge blame for migrants order
The Greek Police and the Interior Ministry on Wednesday both dodged the blame after new police guidelines on migration control were issued and then revoked within a few hours following a veh...
Speaker says laws may not stand
Parliament Speaker Zoe Constantopoulou suggested on Wednesday that some laws voted by less than 151 of 300 MPs when Golden Dawn MPs being held in pretrial custody were not allowed to cast ba...
Inside News
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
Inside Sports
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the “Indignants” and currently adapting – willingly or unwillingly – to eurozone realities, is fa...
EDITORIAL
Government policy
The issue of irregular immigration is taking on serious dimensions on an international level, while in Greece it is bordering on crisis levels. The government’s duty is to handle the issue w...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Draghi details sought as ECB´s QE plan poised to be fleshed out
2. Greece struggles to make debt math work amid bailout standoff
3. Industrial products offset agricultural exports’ losses
4. BoC disposing of 41 properties across Greece
5. RAE offers gift to natural gas power plants
6. Emergency intervention by BoG to acquire T-bills
more news
Today
This Week
1. Greek-Turkish relations
2. Government policy
3. Greece struggles to make debt math work amid bailout standoff
4. Draghi details sought as ECB's QE plan poised to be fleshed out
5. Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
6. Up the creek without a paddle
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Varoufakis to make six reform proposals at Monday's Eurogroup
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.