Marfin Bank posts 2.5 bln euro loss on Greece
Cypriot lender Marfin Popular posted a record full-year net loss of 2.5 billion euros on Wednesday, hit by a writedown to its Greek sovereign debt holdings.
The bank said it had factored in a 60 percent impairment in the value of its Greek bonds, writing off some 1.9 billion euros in their nominal value.
[Reuters]