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28 May 2012

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German mortgage banks expand again, rule challenges loom

German mortgage banks expanded overall lending in 2010 for the first time in two years, driven by growth in new commitments in property rather than public finance. All-Pfandbrief sales, which fell to E87bn from E110bn in 2009, are expected to touch bottom at year-end, while regulatory challenges loom, says the Association of German Pfandbrief Banks vdp.

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