Skip navigation
logo
(AFX UK Focus) 2009-11-27 16:28
Geniki Bank widens 9-month loss on loan losses
Article layout: raw

ATHENS, Nov 27 (Reuters) - Greece's Geniki Bank, majority-owned by France's Societe Generale, on Friday reported a nine-month loss of 51 million euros ($76.13 million) ($52 million), hurt by loan-loss provisions of 77.6 million.
The bank, which was taken over by SocGen in 2004 and is being restructured to compete with larger Greek banks, posted a loss of 29.8 million euros in the same period last year.
Geniki said its loan portfolio reached 4.0 billion euros at the end of September, down 2.6 percent from end-December 2008.

(Reporting by Harry Papachristou, editing by Will Waterman) ($1=.6699 Euro) Keywords: GREECE GENIKI/EARNINGS (harry.papachristou@thomsonreuters.com; +30 210 3376455; Reuters Messaging: harry.papachristou.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Earnings, profit forecasts
General news
Article layout: raw
Jump back to site navigation