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China Daily | Updated: 2009-07-31 08:01

DP reports loss

Germany's Deutsche Postbank AG yesterday reported a loss of 14 million euros ($19.7 million) for the second quarter as the retail lender increased writedowns and provisions for risky loans.

The Bonn-based company, now partly owned by Deutsche Bank AG, said the loss compared to a profit of 121 million euros a year earlier. Total income, a measure of revenue, rose to 23 million euros in the quarter compared with a loss of 295 million euros.

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