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Fear of Capital Shortfall at Austrian Banks
Politics ♦
Published: July 19, 2012; 19:59 ♦ (Vindobona)
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The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.
Fear of Capital Shortfall at Austrian Banks / Picture: © Vindobona.org
According to the Austrian business magazine „Format“, the capital shortfall at Hypo Group Alpe Adria may reach up to € 2.0bn. The Vice Chairman of Fimbag Hannes Androsch fears that the capital shortfall may be even bigger. Androsch recently estimated that Hypo Group´s potential losses come at € 4.0bn.
For Androsch, the nationalization of Hypo Group was a „blind flight…
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