Deutsche Hypo grows new CRE lending outside Germany

Deutsche Hypo, part of Nordeutsche Landesbank, increased its new lending on commercial real estate by 36% in 2014, to €3.6bn. However, profits were 36% down , to €41.4m, because of €42m of provisions against Austrian Heta, the ‘bad bank’ of Hypo Alpe Adriabad.