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.