PropertyEU

Hypo RE posts EUR 3bn pre-tax loss in Q3

By A staff reporter 2008-11-13T00:00:00

German commercial bank Hypo Real Estate has reported a third-quarter pre-tax loss of about EUR 3.1 bn as a result of the 'worsening global financial crisis.' The bank, which recently received a EUR 50 bn lifeline from the German government and the private sector, said that the negative result is ...

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