The rate of default was reported as being at 4.73% and the level of cover at 60.4%. As at 30th June, the number of clients with private bank accounts providing business worth more than 100'000 euros had grown by 14.3% in comparison with the same date in 2011. The business such clients bring to the private banking sector was 5'870 million euros at the end of June, 11.9% more than at the same date in 2011.
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