MARFIN POPULAR BANK PUBLIC CO LTD ANNOUNCEMENT Profit Warning

In accordance with the relevant regulations of the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission, Marfin Popular Bank Public Co Ltd wishes to inform the investment community that on the basis of preliminary indications, the level of the total provisions for impaired loans for the financial year
2011 will be higher than the previous year, primarily due to the loan portfolio of the
Greek operations.
Given the significant deterioration of the economic conditions in Greece and the implemented drastic austerity measures, an impairment of goodwill relating to the Greek operations is also anticipated. It should be noted, that any such impairment of goodwill will not affect the existing capital base of the Group, as goodwill is already deducted from the regulatory capital in accordance with the Central Bank of Cyprus regulations.
MARFIN POPULAR BANK PUBLIC CO LTD
Stelios Hadjiosif
Secretary
Nicosia, 18 January 2012

distribué par

Ce noodl a été diffusé par Marfin Popular Bank Public Co. Ltd. et initialement mise en ligne sur le site http://www.laiki.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-18 12:26:29 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.

Documents associés
Profit Warning