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Capital Shortfall at Hypo Group up to € 2.0bn

Politics ♦ Published: September 1, 2012; 13:04 ♦ (Vindobona)

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OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.

Capital Shortfall at Hypo Group up to € 2.0bn / Picture: © Wikipedia / JJ55 (30 March 2008)

For years, Hypo Group´s equity base is rather thin. Experts expect a capital shortfall of € 2.0bn at the nationalized bank. As the state budget is rather strained, the Austrian government is said to put pressure on OeNB.

According to OeNB´s director Andreas Ittner, the Austrian Central Bank will make its calculations thoroughly. “We will not submit to any pressure from…