BNPP ups Greek writedown to 60%, sells others at a loss

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

BNPP ups Greek writedown to 60%, sells others at a loss

BNP Paribas has slashed its peripheral European sovereign exposures over the last four months — but at a big cost. Reporting third quarter results on Thursday, the French bank said that it had cut peripheral exposures by €10.6bn excluding a new provision of €2.2bn relating to Greek debt. But its sell-offs lost it €812m.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article