| 24.06.2009 - Hypo Real Estate sets aside hundreds of millions for bad debt |
| From Propertyeu.info: Hypo Real Estate (HRE), the troubled German lender in which the government has taken a majority stake, warned on Tuesday that risk provisions 'in the high three digit million region' will have a significant impact on income in Q2. The provisions are being made in anticipation of losses to be incurred mostly on real estate loans as a result of the financial crisis and economic downturn, the bank said.......Full Article: Source |