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Eurohypo closes in on €60bn CRE loan book target

Eurohypo has reduced its European commercial real estate loan book by around €5bn over the first six months of this year, as it accelerates its deleveraging strategy to meet its €60bn balance sheet target by the end of next year.
By James Wallace
August 11, 2011 | 6:30 P.M.

The German lending bank confirmed that the run-off of its huge loan portfolio was through a combination of repayments, syndications and sales, adding yesterday in its six-month results that the reduction in exposure reflected “a disproportionate reduction of non-core assets”.

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