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Bavarian ambitions

25 March 2015 By Olaf Storbeck

Germany’s No. 2 Landesbank is still haunted by the past, as shown by a 1.2 bln euro impairment on loans to Austrian lender Heta. BayernLB also has yet to repay 2.3 bln euros of state aid. With much cleaning up still to do, plans for national growth look too ambitious.

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