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Staggering €3.58 billion loss at BES in six months

Page created: Thursday, 31 July 2014 9:13 GMT

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2014   BES   Historic Loss  Results

Portugal’s second largest high street bank, Banco Espírito Santo (BES) lost a staggering almost €3.58 billion between January and June 2014, compared with what used to be seen as a whopping €237.4 million in the same period in the first half of 2013.

Following recent plummeting stock prices, this is much more than the €2 billion or so the markets say the bank is worth.

DN/ADB // ADB.