LISBON: Portugal's largest listed bank Banco Espirito Santo (BES), whose shares have plummeted and shaken global stock markets, said early Friday its exposure to debt in the Espirito Santo group rose to €1.18bil (US$1.6bil) at the end of June.
"Banco Espirito Santo awaits the publication of the restructuring plan for the Espirito Santo group in order to be able to estimate the potential losses associated with its exposure," the bank said in a statement
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
