Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Muenchener Hypobank Plans to Avoid Loss With Reserves, HB Says

Don't Miss Out —
Follow us on:

March 22 (Bloomberg) -- Muenchener Hypothekenbank eG will draw on its reserves to avoid posting a deficit this year as losses from Greek bonds mount, Handelsblatt reported, citing unidentified people close to the company.

The lender has had to write down 60 percent of the 108 million euros ($143 million) of Greek state debt it holds, Handelsblatt reported. The firm will book the losses in 2012, according to the newspaper.

To contact the reporter on this story: Alex Webb in Frankfurt

To contact the editor responsible for this story: Chad Thomas at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.