Austria: Hypo Group Capitalized Again

Politics ♦ Published: April 9, 2014; 18:46 ♦ (Vindobona)

The Austrian state has filled the capital hole of the ailing bank again.

Hypo Group has again enough capital cushion for the next few months. / Picture: © Vindobona.org

With the capital injection in the amount of € 750m the problem bank is able to complete its balances of 2013. With the issuance of new shares, which are subscribed by the Republic of Austria, the capital of Hypo Group will be increased by € 750m. The decision was made on Wednesday during the extraordinary general meeting.

By this the bank, whose capital had dropped…

or Log In

Fast News Search
Related News
Hypo Group: Former CEO Sentenced to Prison (April 9, 2014)
Austria: Government Wants “Restrictive Budget Performance” (April 8, 2014)
Hypo Group: Heavy Burden for Austrian Fiscal Position (April 7, 2014)
ECB Puts Pressure on Hypo Group (April 5, 2014)
Hypo Group: „We Are not the Only One Who Must Pay“ (April 5, 2014)
Read More
Banking Industry, Hypo Group Alpe Adria, Equity Markets, Capital Increase, OeNB Austrian National Bank
Featured
Update: Lockdown in Austria - What applies from Monday 7 December?
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter