(ANSA) - FRANKFURT - Bundesbank announced a 35 billion euro bridge loan to Hypo RE until the end of October, within the new rescue plan of the second largest German bank, specialised in real estate mortgages. The credit line will provide short-term funding for the troubled bank. The loan of the German central bank refers to the 35 billion euro 'tranche' of financing by the State, to which other 15 billions will add, coming from the private financial sector. The rescue package has a total value of 50 billion euros and involves the German Government, the Bundesbank, the German Financial Supervisory Authority (BAFIN), and representatives of the private banking and insurance sectors. Already after the Paris' G4, the German Government assures that it ''will not allow that the problems of one bank will become a problem of the whole system''.
October 6