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Austria: Hypo Group Capitalized Again
Politics ♦
Published: April 9, 2014; 18:46 ♦ (Vindobona)
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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…
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