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Austria: Preliminary Results on Hypo Group Expected Next Week

Published: May 17, 2013; 19:07 · (Vindobona)

Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.

Austria: Preliminary Results on Hypo Group Expected Next Week / Picture: © Hypo Alpe-Adria-Bank International AG

On Tuesday next week the task force for Hypo Group is supposed to meet again. Experts still evaluate models for the establishing of a bad bank where non-performing loans and unsaleable bank units are supposed to be deposited. The Finance Ministry has collected new data at the bank. Next week Austria will hand over the preliminary corner marks to Brussels for the restructuring plan…

This article includes a total of 491 words.

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