Eurohypo blames US for pretax loss

04 March 2011

Real estate lender Eurohypo made an increased pretax loss of €785m in 2010 because of higher-than-expected loan loss provisions of €1.4bn. It said: “Ongoing difficulties in the Spanish real estate market, the persistently high loan loss provisions in the US and problems with certain larger commitments all contributed to the ...

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