LBBW ADMITS FURTHER LOSSES

From foreign media

The crisis-damaged Landesbank Baden-Württemberg keeps failing to get out of the red. In the first nine months of 2009, its loss a.er tax amounted to 620 million Euros. In 2008 the books showed a minus of 974 million Euros. In the last quarter LBBW expects further encumbrances due to the high risk provisioning requirements.

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