Austria: Downsizing Models for Hypo

People ♦ Published: October 4, 2013; 10:16 ♦ (Vindobona)

Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.

Austria: Downsizing Models for Hypo / Picture: © Hypo Alpe-Adria-Bank International AG

Possible options about the downsizing of the ailing banking institute are supposed to be presented at the beginning of next week.

One of these options is the creation of a fund company where non-performing loans could be deposited since neither the Austrian Banking Act (Bankwesengesetz) is applied here nor do capital requirements have to be met. According to Chairman of the…

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