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Hypo Real Estate set to fail stress test

07-21-2010 13:37 BJT

Commercial property lender Hypo Real Estate looks set to fail a pan-European stress test, and be the only German bank not to make the grade.

The lender was rescued by the German government following the financial crisis. Sources say the state-owned bank didn't pass a stress scenario on its capital that assumes an economic slowdown and sovereign-debt losses.

The restructuring of Hypo Real Estate is already underway, and it's planning to establish a so-called "bad bank" system to transfer as much as 210 billion euro of non-strategic assets and risk positions. The results of the stress tests on 91 banks will be released on Friday.

Editor:Xiong Qu |Source: CNTV.CN

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