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Friday, February 28, 2014

Greece's Eurobank posts 2013 loss, hurt by loan-loss provisions

Greece's third largest lender Eurobank (EURBr.AT) lost 1.15 billion euros last year, hurt by provisions for bad loans and one-off charges including the cost of a voluntary exit scheme. Greek banks continue to struggle with loan impairments amid a deep recession. Non-performing loans (NPLs) are the focus of a health check the country's central bank has run to assess whether Greece's top lenders ...

READ THE ORIGINAL POST AT finance.yahoo.com