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…

or Log In

Fast News Search
Related News
Pecik to Buy Hypo Group´s SEE-Affiliates? (October 2, 2013)
Austrian Banking Package: Costs May Reach € 30bn (October 1, 2013)
Hypo Group: Sale of Assets in SEE to Take Forms (September 29, 2013)
Keuschnigg: Losses of Hypo Compensated by Privatizations (September 20, 2013)
Austria: Fekter Demands “More Intelligent Model“ for Hypo (September 17, 2013)
Read More
Downsizing, Hypo Group Alpe Adria, Banking Industry, Germany, BayernLB, Leaders, Maria Fekter, Monetary Policy, Brussels, Justice
Featured
See latest Vindobona Newsletter