FOCUS SHORT

Fortunes of European bankers

THE RESULTS of Lloyds TSB and the Royal Bank of Scotland were eagerly anticipated even though the only question was how big their respective losses would be. Both banks are partially state-owned, having been bailed out by the British government in 2008. The RBS reported a loss of GBP2 billion and Lloyds TSB fared even worse, reporting GBP3.5 billion in the red at the end of 2011.

THE RESULTS of Lloyds TSB and the Royal Bank of Scotland were eagerly anticipated even though the only question was how big their respective losses would be. Both banks are partially state-owned, having been bailed out by the British government in 2008. The RBS reported a loss of GBP2 billion and Lloyds TSB fared even worse, reporting GBP3.5 billion in the red at the end of 2011.

On the other hand, Europe’s biggest bank, HSBC, reported a GBP13.8 billion profit which was 17.2% higher than in 2010.

On the continent, Societe Generale and BNP Paribas posted preliminary Q4 2011 profits of €100 million and €765 million respectively.

Credit Agricole reported a €3.1-billion loss in the same period bringing its total 2011 loss to €1.1 billion.

Franco-Belgian Dexia reported an €11.6-billion annual net loss. Commerzbank, partially state-owned by Germany, ended 2011 with a net profit of €638 million, a 55-percent drop from 2010.

Some good news came at the end of February when the European Central Bank injected €530 billion into the financial system of the eurozone.

Top stories

News digest: Bratislava avoids strictest measures thanks to vaccination rate

The coalition disputes are not over. Police broke up an organised group of smugglers in eastern Slovakia.


6 h
Bratislava Mayor Matúš Vallo speaks to foreigners at [fjúžn] festival's "Ask the Mayor" event.

Foreigner’s community has a big voice, but it needs to be more organised

Bratislava Mayor Matúš Vallo addressed the questions and concerns of foreigners in Bratislava during a special Q&A.


7 h
In the Tehelné Pole zone, the pilot parking policy will be replaced by the city-wide parking policy.

Parking in Bratislava changes. Required registration opens soon

Three boroughs will join the new city-wide system, inhabitants will be required to register.


22. sep

Anti-vax mobilisation starting to look like a losing strategy

Several countries no longer rely on positive motivation to get vaccinated against Covid.


12 h
Skryť Close ad