Article Tools

Fear of Capital Shortfall at Austrian Banks

Published: July 19, 2012; 19:59 · (Vindobona)

The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.

Fear of Capital Shortfall at Austrian Banks / Picture: © Flickr

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…

This article includes a total of 263 words.

or Log In