WestLB AG’s bad bank, Erste Abwicklungsanstalt, reported a loss in the first half of the year after writing down the value of its Greek holdings by 21 percent.
EAA reported a loss of 176 million euros ($249 million) in the six months through June, including 243 million euros in writedowns, the Dusseldorf, Germany-based company said in an e-mailed statement today.
