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Dexia, 1,2 billion hole in the first half

The French bank has recorded a net loss of 1,2 billion euros since the beginning of the year – On the Paris Stock Exchange the title was suspended in the morning with losses exceeding 8%, now trading has resumed.

Dexia, 1,2 billion hole in the first half

La Franco-Belgian bank Dexia announced that in the first six months of 2012 it suffered a loss of 1,2 billioni despite the guarantees granted by the Belgian, French and Luxembourgish states which partially nationalized the bank, saving it from bankruptcy. The operating result is negative for 1,03 billion euros.

To magnify the hole of 1,2 billion euros was one write-down of the stake in the Austrian Kommulkredit Austria for 184 million euro. 

On the stock exchanges in Paris and Brussels Dexia stock has been suspended at the request of Nyse Euronet but negotiations have already resumed: in the morning they even lost 8,7% to 0,21 euro.  

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