PropertyEU

Germany's WestImmo swings to loss in 2011

By A staff reporter 2012-04-27T00:00:00

German lender Westdeutsche ImmobilienBank swung to a pre-tax loss of EUR 167 mln in 2011 as it grappled with the negative impact of the sovereign debt crisis. The negative result compares to a profit of EUR 99 mln a year before.

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