BayernLB First-Quarter Profit Declines 64% on MKB
(Corrects spelling of unit in headline.)
Pretax profit dropped to 54 million euros ($69 million) from 149 million euros a year ago, Munich-based BayernLB said in an e-mailed statement today. MKB Bank, the Hungarian unit, had a pretax loss of 44 million euros in the quarter after a pretax loss of 33 million euros a year ago.
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