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Austria: Downsizing Models for Hypo

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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Austria: Downsizing Models for Hypo

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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.