Germany's Hypo Real Estate (HRE) said it secured a "multi-billion-euro" credit line from an unspecified group of German banks that will help Germany's second biggest commercial property lender to cope with liquidity problems caused by its Irish daughter Depfa. HRE said the new credit facility means the group "will not need to go back to the unsecured money market for its refunding in the foreseeable future". Germany's financial regulator BaFin and the Bundesbank said in a joint statement that the new financing agreement has solved HRE's problems. HRE shares continued to fall this morning. However, the ECB current account holdings point to massive imbalances on the interbank market. Latest data show that banks borrowed EUR 6.788B through the marginal lending facility at a rate of 5.25%. At the same time EUR 28.059B were deposited in the deposit facility at just 3.25%, much lower than the average overnight