German bank Hypo Real Estate fails EU stress test

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Property lending specialist Hypo Real Estate is the only German bank to fail European Union stress tests, a statement by the central bank and financial sector stabilization fund SoFFin said Friday.

"HRE is the only German bank to fall short of the six percent tier 1 capital ratio in the most severe stress scenario," said a statement, which added: "The German banking system has shown itself to be robust and proved its resilience even under very pessimistic assumptions."

© 2010 AFP

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