Greek stock market down after banks delay results announcement

on 29/10/2012 17:04:55

The Greek stock market has fallen sharply after banks announced they are delaying posting their latest results.

A large part of the €31.5bn of emergency funding Greece is set to receive has been earmarked for recapitalising financial institutions.

The country's main share index was down by almost 6% in afternoon trading, with banking stocks down by an average 13.5%.