Edition 1420
22 April 2017
Edition: 1420

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CGD announces record losses of €1.86 billion

by TPN/ Lusa, in News · 12-03-2017 07:20:00 · 0 Comments

Portuguese state-owned bank Caixa Geral de Depósitos (CGD) has announced a historical loss of €1.86 billion for 2016, more than ten times higher than the 2015 loss of €171.5, the bank said.

CGD announces record losses of €1.86 billion

 

This is the sixth year in a row of losses at the group and this €1.86 billion loss is a historical low.

 

Since the beginning of the year, following the resignation of Mr Domingues as chairman following the controversy surrounding his refusal to declare his earnings and assets required of all state managers, the bank has been run by Paulo Macedo as CEO and Rui Vilar as chairman.

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Edition 1420
22 April 2017
Edition: 1420

Read this week's issue online exactly as it appears in print.

Twitter

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