Mapfre result down 20% owing to Eurozone impairments
Mapfre's attributable result fell 20.1% to €434.2m in the first half of 2012 after provisions and impairments resulting from the Eurozone crisis.
The crisis has led Mapfre to appropriate reserves of €120.7m gross, owing to the impairment of the shareholdings in Bankia, the Spanish bank which asked for a €19m government bail-out in May, and €19
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