National Bank of Greece, the country's largest lender, said Friday it suffered a 2011 net loss of 12.3 billion euros ($16 billion) after taking a huge charge on a sovereign debt writedown. It said the loss on the writedown -- agreed with private creditors as part of a second Greek debt bailout -- was 10.75 billion euros, to which were added other provisions and charges due to "the extremely harsh economic climate in Greece.
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World Bank Regional Vice President First Visit to West Bank and GazaMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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