The group posted a stronger-than-expected quarterly loss, largely driven by the recognition of an understated exposure to problematic assets. Last’s year capital increase was not commensurate to this un-planned clean-up effort, leaving the group with a revived strong equity shortage issue.
03 Feb 2017
Operation of truth leaves the group bloodless
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Operation of truth leaves the group bloodless
The group posted a stronger-than-expected quarterly loss, largely driven by the recognition of an understated exposure to problematic assets. Last’s year capital increase was not commensurate to this un-planned clean-up effort, leaving the group with a revived strong equity shortage issue.