Bloomberg News

Komercni Banka Snaps Three-Day Rout on Greek Accord Speculation

February 17, 2012

Feb. 17 (Bloomberg) -- Komercni Banka AS, the Czech unit of Societe Generale SA that last year took impairment charges on its holdings of Greek government bonds, snapped a three-day rout amid speculation Greece will secure a bailout.

The stock jumped as much as 3.1 percent and traded up 2 percent to 3,661.5 koruna by 9:47 a.m. in Prague. The Czech Republic’s PX gauge of companies, where Komercni Banka has a 17 percent weighting, advanced 1.3 percent.

--Editors: Linda Shen, Alex Nicholson

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus