Berlin Hyp warns profits this year will be “well below” 2015

Berlin Hyp became the second German pfandbrief bank to say that profits are likely to be lower this year than last when it unveiled results on 16 March. The bank posted a rise in 2015 profits before tax and transfer to shareholders, from €65.8 million to €93 million, after recording €5.4 billion of new business volume.

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