Soon to be merged Greek lenders Alpha Bank and Eurobank announce 9 month losses tied to their...
Soon to be merged Greek lenders Alpha Bank and Eurobank announce 9 month losses tied to their holdings of government debt. Eurobank reported a €575M loss, with €830M attributed to bond holdings, while Alpha recorded a €567M loss, €760M from Greek paper. The merger will close before year's end and will include plans for a €3.9B capital increase for 2012.
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