Business & Finance

Hypo Real Estate plans to take deposits: report

Published Updated

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.

Copyright Reuters, 2011