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FXWire Pro Headline  |  February 3 2012 12:41 EST

Portugal's Millennium BCP reports a net loss of 786 mln Euros in 2011


News

  • Portugal largest listed private bank by assets, Millennium BCP reported a 2011
    net loss of 786 Mln Euros due to a write-down of 584 mln Euros of debt due to european debt crisis.
  • Bank plans to raise capital to meet new European capital requirements through a cash call
  • However net interest income of the bank rose 4 pct to around 1.58 bln Euros.






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