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Monday, March 23, 2015

Greece's National Bank swings to loss on provisions, names new CEO

Greek banks, already hit hard by the country's debt crisis, have suffered further in recent months as rising political tensions and fears of a Greek euro zone exit prompted savers to pull deposits, squeezing liquidity levels. NBG, which also has operations in the Balkans including Bulgaria and Romania, reported a net loss of 1.11 billion euros (808.34 million pounds) versus a profit of 30 ...


READ THE ORIGINAL POST AT finance.yahoo.com