By
VIENNA: Nationalised German bank Hypo Real Estate plans to start taking short-term customer deposits, apparently as a way to expand its refinancing base, Der Spiegel magazine reported on Sunday without giving any sources. The bank declined comment on the report.
HRE got more than 100 billion euros ($134 billion) state aid and was nationalised in 2009. The European Union gave its approval in July for a revamp that will shrink HRE to less than a sixth of its size before the financial crisis.
Germany's finance ministry said last month it did not believe it needed to set additional funds aside in the budget for HRE.
More Stories
Comments
Comments are closed for this article.