Italy's Banco Popolare says 2012 losses up to 330 million
Bank blames rising cost of credit
04 March, 21:20
(ANSA) - Milan, March 4 - Banco Popolare warned Monday that
its 2012 losses could reach 330 million euro.The bank, which updated its account estimates after markets closed, blamed the losses in part of the rising cost of credit in the fourth quarter.
It also cited losses on its investment in consumer credit firm Agos-Ducato.
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