KOP Loses FM131 Million In Forex In 1991 After Spilling FM250 Million In First Quarter


"Last year was a good example of Murphy's Law," says Kansallis-Osake-Pankki's Helsinki-based senior vice president and global treasury director Pertti Hiltunen. A series of misfortunes ranging from bad loans to bad share deals plus a FM250 million foreign exchange trading loss in the first quarter helped push Finland's largest bank into the red to the tune of FM1.64 billion for the year.

Although the bank won't disclose details of its year-end results until March, Hiltunen told FX Week that

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