ATHENS (Thomson Financial) - Greek Geniki Bank, a unit of Societe Generale,
said that it produced a net loss of 20.1 mln eur for the first half of the year
from a loss of 25.7 mln eur for the same time last year on high provisions.
The bank said that it booked 19 mln eur in provisions for the six-month
period from 38.5 mln eur for the first six months of last year.
Six-month operating income was flat at 84.7 mln eur but operating expenses
were up 4 pct to 84.7 mln eur.
In the second quarter, mortgage lending was up 12.5 pct and sales of mutual
funds were up 12.6 pct.
Total loans for the half year were up 12.8 pct year on year to 3.1 bln eur
and total deposits including repos were up 8 pct to 2.8 bln eur.
Source: Euro2day.gr NewsWire
nick.skrekas@thomson.com
ns/jlc
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