News Headline Summary

Bank of Portugal says long recession due to tough bailout terms has "strong adverse impact" on banks

Says:
- expects bad loans to keep growing in the next few quarters.
- sees country's banks vulnerable to the debt crisis, profitability under pressure.
- banks access to bind market still constrained despite recent issuance.

Print 13:00, 29 Nov 2012 - Economic commentary - Source: Newswires