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Meinl Bank in the Red
Meinl Bank surprisingly presented results on Thursday. The institute slid into the red, while the Group was able to reduce losses.

In the year 2010, the annual result of Meinl Bank amounted to € -0.6m (after € 3.4m the year before). The bank’s equity capital declined from € 103m to € 80.5m. With 14.22%, they are well above the 8% equity capital coverage required by law, the bank announced. The balance sheet total fell from € 524m to € 433m. In the wealth management segment, the bank reported stable…
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