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Austria: Still No Disclosure about Hypo’s Capital Gap

People ♦ Published: March 21, 2014; 09:50 ♦ (Vindobona)

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Detailed figures about how much the Austrian state will have to inject for the balance sheet total of 2013 will be published on Friday at the earliest.

Hypo Group did not make a statement after the meeting of the supervisory board yesterday. / Picture: © Wikipedia / JJ55 (30 March 2008)

The supervisory board of the ailing bank has left the negotiations after almost twelve hours without giving details about the extent of the capital gap for completing the balance sheets of last year, or how much is required until September when the bad bank will be established. The government expects “valid figures” at least today. After the meeting of the supervisory board the…