Another Emergency at Hypo Group Alpe Adria

Businessn.a. ♦ Published: January 24, 2014; 21:52 ♦ (Vindobona)

The series of bad news does not come to an end. After enormous capital injections in 2013, the nationalized Austrian lender again needs help from the Austrian state.

Another Emergency at Hypo Group Alpe Adria / Picture: ©

It is already apparent that Hypo Group Alpe Adria is the biggest financial disaster in Austria´s history. More than four years after the nationalization of the Balkan lender, the situation is far from being under control.

Since the nationalization in December 2009, capital injections have totaled € 3.6bn. In 2013, Hypo Group´s capital injections were the highest. Insiders…