February 13, 2012, 04:00 CET
Press release
Frankfurt am Main
1 October 2008
Explanatory Statement
The German financial sector’s risk shielding of Hypo Real Estate (HRE) has been reported misleadingly in some sections of the media. For this reason, the following clarification is necessary.
The risk-shielding strategy, which was agreed last weekend by the German financial sector in consultation with BaFin and the Bundesbank, has the objective of enabling the HRE Group to eliminate its liquidity difficulties and resize its risk positions.
Deutsche Bundesbank | Communications Departement | Wilhelm-Epstein-Strasse 14
| 60431 Frankfurt am Main | Germany
www.bundesbank.de | E-Mail: presse-information@bundesbank.de
Tel: +49 69 9566 3511/3512 | Fax: +49 69 9566 3077
Reproduction permitted only if source is stated.
