Hypo Real Estate Holding, the German commercial property lender that is now receiving an EUR 50 bn bailout after an initial rescue package proved to be insufficient, denied a report in the Financial Times Deutschland (FTD) published Wednesday that it withheld information about its liquidity situation to German market regulator BaFIN.
Hypo Real Estate Holding, the German commercial property lender that is now receiving an EUR 50 bn bailout after an initial rescue package proved to be insufficient, denied a report in the Financial Times Deutschland (FTD) published Wednesday that it withheld information about its liquidity situation to German market regulator BaFIN.
The FTD had cited a BaFin report to Germany’s Finance Ministry indicating that Hypo Real Estate had provided ‘different figures’ for the initial EUR 35 bn rescue package and describing those as a ‘worst case scenario’.
