• Most Popular
  • Most Shared

Millennium plans $350 mln rights issue after Q3 loss

Fri Nov 6, 2009 1:50am EST

Stocks

   

WARSAW, Nov 6 (Reuters) - Polish lender Millennium BIGW.WA accounced on Friday a 1 billion zlotys ($348.2 million) rights issue as it posted an unexpected net loss in the third quarter due to a writedown related to mounting bad loans.

Financials

The bank, controlled by Portugal's Millennium bcp (BCP.LS), had a net loss of 87 million zlotys versus an 11 million profit seen in a Reuters poll of analysts. (Reporting by Gabriela Baczynska, writing by Chris Borowski)

Financials


More from Reuters

Photo

U.S. official admits security failed in air scare

WASHINGTON/ABUJA (Reuters) - The Obama administration admitted on Monday that air travel security failed when a Nigerian man with suspected ties to Islamic militants allegedly was able to smuggle deadly explosives onto a U.S.-bound flight in an attempt to blow it up.

» More Top News
Armed men travel on a vehicle on a road near the Saudi border in the western Yemeni province of Hajja October 10, 2009. REUTERS/Khaled Abdullah

The next al Qaeda hub?

The attempted Christmas Day bombing of an American airliner has put another region in the spotlight as a breeding ground for terrorism.  Full Article 

WORLD
EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran. Iranian opposition supporters beat police forces during clashes in central Tehran December 27, 2009. Credit: REUTERS/Stringer

Violence erupts in Iran

Police fired teargas at anti-government protesters in Tehran a day after some of the hardest clashes seen since a disputed election in June.  Full Article | Video 

IRAN