Austria: Bad Bank For Hypo As Good As Guaranteed.

People ♦ Published: November 14, 2013; 13:52 ♦ (Vindobona)

Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.

Austria: Bad Bank For Hypo As Good As Guaranteed. / Picture: © Hypo Alpe-Adria-Bank International AG

Klaus Liebscher, chairman of Hypo Group’s supervisory board and head of the task force, has presented suggestions for the establishing of a bad bank to both Chancellor Werner Faymann and his deputy Michael Spindelegger. By the creation of a downsizing unit for the problem bank the best possible realization of assets should be guaranteed.

According to Liebscher, both have…

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Banking Industry, Hypo Group Alpe Adria, Downsizing, Restructuring, Leaders, Werner Faymann, Michael Spindelegger, Klaus Liebscher, NPL Non Performing Loans, Real Estate Industry, Equity Markets, Kommunalkredit, KA Finanz, VBAG
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