Hypo Real Estate Group, posted a net loss of EUR 574 mln for in the third quarter of 2009, marking the German real estate lender's fifth consecutive quarterly loss. The performance in the July to September period brings the banking group's net loss for the first nine months of the year to EUR 1.71 bn. In the same period last year the group suffered a loss of EUR 3 bn and massive state intervention was required to prevent Hypo collapsing in a credit squeeze.
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