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Austria: Bawag to Pay Back State Capital
People ♦
Published: March 13, 2014; 11:36 ♦ (Vindobona)
Bawag is expected to pay back the entire public participation captial tomorrow. The assets are urgently required for recapitalizing Austrian problem bank Hypo Group.
Bawag will help restock the funds for the state banking aids of the Austrian federation. / Picture: © BAWAG
The good news comes right in time after further capital gaps of Austrian problem bank Hypo Group Alpe Adria were revealed earlier this week. Tomorrow Bawag will pay back the entire amount of the state capital participation and therefore help restock the funds for the state banking aids of the Austrian federation by several hundreds of million Euros.
The advance repayment was made…
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