Greece's Piraeus Bank posts Q4 loss, bad debt provisions surge

March 9, 2016 3:38 PM

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ATHENS, March 9 Piraeus Bank, Greece's second-largest lender, swung to a loss in last year's final quarter, hurt by provisions for impaired loans.

Piraeus, which is 26.2 percent owned by the country's bank rescue fund HFSF after its recapitalisation late last year, reported a loss of 1.238 billion euros ($1.36 billion) versus net profit of 495 million euros in the third quarter of 2015.

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