Traders focus on HypoVereinsbank risk

Article Abstract:

During the fall of 1998, Bayerische Hypo-& Vereinsbank AG posted a surprising provision of 3.5 billion deutschmarks ($1.98 billion) for potential losses on financing for real estate carried out by the former Bayerische Hypotheken-& Wechselbank AG. The company also said it would post approximately 2.8 billion marks in regular risk provisions in 1998. Analysts believe that HypoVereinsbank's high risk provisions will not seriously affect the company's earnings in 1999.

Comment:

Analysts believe bank's high risk provisions will not seriously affect company earnings in 1999

Abstract, Bayerische Hypo- und Vereinsbank AG

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BGB posts loss of 1.6 billion euros, seeks fresh capital

Article Abstract:

Bankgessellschaft Berlin has reported a loss of 1.6 billion euros in 2000. The bank is seeking 2 billion euros in fresh capital from its shareholders. It will ask 1 billion euros from its controlling shareholder, the city of Berlin.

Receipt of funds, Brief Article, Bankgesellschaft Berlin AG

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BHF's nine-month net rose 9.7%

Article Abstract:

BHF Bank AG posted an increase of 9.7% in its net profits for the nine-month period in 2001. The bank posted 238 million euros in net profits for the period as a result of one-time items.

Profit, Profits, Berliner Handels-und Frankfurter Bank

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