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28 May 2012

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After creating bad bank, HRE targets pbb at expansion

Munich's pbb Deutsche Pfandbriefbank is on course to re-expand lending after its Hypo Real Estate parent outsourced E173bn of assets to workout, says Management Board director Bernhard Scholz. "We are financing again, we are in the market, we are doing new business and we tell our customers, `please bring us the deals, we are open for business'," he says.

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