to tighten further its risk valuation criteria and maintain high provisioning levels against loan and other asset impairments up to the amount of €604.0mn.
This, combined with the significant seasonal trading losses recorded during the first half of 2010, resulted in net losses after taxes and minorities of €438.1mn versus €451.7mn losses in 2009.
Deposits from customers decreased by 12.9% to €19.7bn from €22.6bn, while the Group΄s liquidity remains at satisfactory level relatively to its peers with loans to deposits ratio as at 31 December 2011 at 107.7%.
source: capital
