PropertyEU

Deutsche Hypo's profit down 10% on Heta bad-bank writedown

By Virna Asara 2015-08-31T00:00:00

German lender Deutsche Hypothekenbank has posted a 9.3% decline in profit in the first half of the year due to a loan loss provision in connection with its exposure to Heta, the so-called bad bank set up to deal with the stricken Austrian lender, Hypo Alpe Adria.

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