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Deutsche Hypo presents its half-yearly figures: New business remains steady

During the first six months of the current financial year, the global recession and the ongoing crisis on the financial markets have continued to place a strain upon the commercial real estate market. Deutsche Hypo therefore had to make further adjustments to its approach with regard to new business, in order to reflect ongoing market conditions.As far as commercial real estate finance business is concerned, the Bank has approved new business to the value of €431 million, which represents a reduction of 59% when compared to the same period in the previous year. Deutsche Hypo intentionally implemented a substantial reduction, especially in its foreign business and above all in relation to business involving lending relating to real estate...[…]