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Greeces Alpha Bank posts $5 billion loss for 2011

Alpha Bank, Greeces third-largest lender, on Friday reported a 2011 loss of 3.81 billion euros ($5.03 billion), hurt by a bond swap writedown and increased provisions for impaired loans.

Alpha Bank said its Core Tier 1 capital ratio fell to 3 percent or 1.3 billion euros after a 3.2 billion euro after-tax bond swap impairment.

Greeces central bank has asked lenders to meet a 9 percent Core Tier 1 target by September this year.
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