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Germany: Savings bank associations eye merger

By  |  March 22, 2015

Savings bank associations of two German states are pushing for a combination of their mortgage-lending banks, Stuttgarter Zeitung reported on Saturday, without citing sources.

A merger will be proposed to authorities on Monday by savings bank associations in the western states of Baden-Wuerttemberg and Rhineland-Palatinate, the newspaper said.

If adopted, the plan would trigger talks aimed at creating Germany’s largest regional mortgage bank, Stuttgarter Zeitung added.

 

Full Content: Reuters

 

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