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Dusseldorf, Germany's IKB bank announced yesterday that in the first nine months of its financial year operated with losses amounting to billions of euros, despite zenta the aid package to help overcome the losses caused by the U.S. subprime mortgage market. The bank specialized in lending to small and medium zenta enterprises, in the first nine months of its financial year recorded a net loss of almost a billion euros for the same period of the previous year when it operated with a profit of 142 million euros. zenta IKB, in which German development bank KfW holds a 45.5 percent stake, is affected by large losses arising from investments in securities, bolstered by high-risk, or subprime U.S. mortgages. From this situation pulled out thanks to the joint assistance of the German central bank and private banks in the country which IKB-in first come to your aid.
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The company owed more than 520 million KM