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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
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Eurohypo posts E785m loss, sees later return to profit
Germany's Eurohypo, part of the Commerzbank group, recorded a E785m pre-tax loss in 2010, wider than the E515m 2009 loss, and said it will need another year to return to profit, "to address the majority of the adverse factors from the last few years." Deeper losses were mainly due to the government debt crisis, provisions and de-risking in public finance/treasury.