Another Emergency at Hypo Group Alpe Adria

Business › n.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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Hypo Group: Decision Within First Quarter of 2014 (January 23, 2014)
Austrian Bank Levy: “Penalty Gone Wild” (January 22, 2014)
Austria: Nowotny Calls for Fast Decision on Hypo Group (January 21, 2014)
Mitterlehner: „Hypo Group Must Not Burden State Budget“ (January 19, 2014)
BayernLB Bought Hypo Group Alpe Adria above Value (January 16, 2014)
Read More
NPL Non Performing Loans, Hypo Group Alpe Adria, Banking Industry, Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Nationalization
Featured
See latest Vindobona Newsletter