First losses for s-Immo in company history


Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company – which belongs to Austrian bank group Erste – announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]