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Spain's Popular reports biggest ever loss in 2012
February 1, 2013 / 7:37 AM / in 5 years

Spain's Popular reports biggest ever loss in 2012

MADRID, Feb 1 (Reuters) - Spanish bank Popular reported its bigger ever annual loss on Friday after it took 9.6 billion euros ($13 billion) in provisions to cover bad investments in real estate.

The bank, founded in 1926, reported a loss of 2.46 billion euros, slightly wider than a 2.38 billion euro loss forecast in a Reuters poll. ($1 = 0.7367 euros) (Reporting by Sonya Dowsett; Editing by Clare Kane)

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