Article Tools

Bad Bank for Hypo Group?

Published: August 5, 2013; 06:42 · (Vindobona)

According to market rumors, Austria´s government wants domestic banks to participate in a bad bank for the nationalized Hypo Group. Finance Minister Maria Fekter denies such reports.

Bad Bank for Hypo Group? / Picture: © Vindobona.org

Austria´s government is said to create a bad bank for the financially stricken Hypo Group and KA Finanz. The bad bank would buy non-performing loans of more than € 20bn from the nationalized banking groups. Austrian privately held banking groups are said to acquire shares in the bad bank. However, Austrian banks would only accept participating in the bad bank if the bank taxes were…

This article includes a total of 438 words.

or Log In

Fast News Search
Related News
Erste Group Claimed of Being Interested in Croatian Banks (May 29, 2013)
Austria: KA Finanz Not Planning On Needing More State Funds (April 23, 2013)
CESEE: Banking Industry Slightly Optimistic (February 11, 2013)
Austria: Non Performing Loans on the Rise (January 29, 2013)
Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn” (March 10, 2012)
Read More
Hypo Group Alpe Adria, Werner Faymann, Maria Fekter, Karl Sevelda, Franz Gasselsberger, Oberbank, RBI Raiffeisen Bank International, Bank Austria, Banking Industry, Willibald Cernko, Taxation, Bank Taxes, KA Finanz
ISIN
AT0000652011, AT0000606306
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter