Germany's financial market stabilisation fund Soffin has approved up to EUR 1.85 bn in new capital for Hypo Real Estate Holding (HRE) as part of the
Germany's financial market stabilisation fund Soffin has approved up to EUR 1.85 bn in new capital for Hypo Real Estate Holding (HRE) as part of the
existing capital plan for the bank, HRE said in a statement.
The capital will be paid in at least two tranches and is intended primarily to maintain minimum capital ratio requirements at HRE's Irish Depfa public finance unit in the near future. The capital injection is subject to approval by the European Commission.
As communicated previously, HRE anticipates its total capital requirements to remain unchanged at EUR 10 bn. Including the latest aid, HRE Group has so far received EUR 7.85 bn in recapitalisation support from Soffin.
