Sponsored Content
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia
Politics ♦
Published: September 28, 2010; 13:42 ♦ (Vindobona)
After the debacle of the Hypo Group Alpe Adria (HGAA), the Bayerische Landesbank will have to wait up to 7 years for the repayment of the 3.9 billion euro. The repayment plan provides for this period.
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia / Picture: © BayernLB
The repayment schedule for the sum of 3.9 billion euro over a period of several years, has been agreed on, it is stated in financial circles. BayernLB had been forced to turn the bank over to Austria last year after a financial fiasco. However, 3.9 billion euro of liquidity were left in the bank after negotiations, since the HGAA would have gone bankrupt had BayernLB withdrawn the…
or Log In
Fast News Search