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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.

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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