Losses slashed at IFSC’s bailed-out German bank
Depfa losses down from €185 million to €53 milliom
Depfa, the Dublin-based German bank that was one of the biggest casualties of the global financial crisis, cut its losses by more than two-thirds last year.
The bank, which is headquartered in the International Financial Services Centre, made a loss of €53 million, down from €185 million in 2015, according to its annual report published last week.
The lender needed to be rescued in 2008 by the German state, which took over the ...
