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European banks have lost € 50 billion of market value because of Greece

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European banks have lost € 50 billion of market value because of Greece

Post by Admin on Mon Jun 29, 2015 2:28 pm

European banks lost more than 50 billion euros of market value after Greece on June 28 imposed capital controls because of the failure of negotiations with creditors. It is reported by Bloomberg.

The Stoxx 600, which includes the shares of European banks fell during trading on 4,4% - the worst figure since November 2011. Most cheaper paper credit institutions in Portugal, Spain and Italy.

Shares of Spanish Banco Comercial Portugues fell 9.1%, the Spanish Banco Popular Espanol - by 6.5%, the Italian Banca Monte dei Paschi - by 7.2%.

It was reported that Greek banks will be closed on Monday for a week. The government has also introduced a limit on cash withdrawals at ATMs of 60 euros a day. The stock exchange will remain closed. June 30 Greece must repay 1 billion 600 million euros of debt to the IMF, but does not have the funds still hoping to get them from creditors.

glavcom.ua: In Russian


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