Austria: Downsizing Options for Hypo Group under Discussion

Politics ♦ Published: November 12, 2013; 18:08 ♦ (Vindobona)

In the discussion about establishing a downsizing unit for ailing bank Hypo Group Alpe Adria, several possibilities are taken into account.

Austria: Downsizing Options for Hypo Group under Discussion / Picture: © Hypo Alpe-Adria-Bank International AG

Apart from a so-called “bad bank” with a majority participation of Austrian major banks, there is the option of a public institution is currently favored since major banks will not have to be offered compensations for the participation in Hypo Group, according to informed circles, as reported by the Austrian Press Agency (APA). As a medium-term target these informed circles consider…

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Banking Industry, Hypo Group Alpe Adria, ECB European Central Bank, Downsizing, Bankruptcy, Nationalization, Privatizations, VBAG, Kommunalkredit, KA Finanz, Brussels
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