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Further Write-Offs at Hypo Tirol Possible
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The Tyrolean bank could make further write-offs in 2012. Non-performing loans of € 30m in Italy are still in the books.
Further Write-Offs at Hypo Tirol Possible / Picture: © Hypo Tirol
The management of Hypo Group expects to write off a considerable part of its Italian loan business. Non-performing loans amount to € 30m. Besides this, several properties are still insecure. Last Friday, Hypo Group had to report write-offs in Italy amounting to € 120m. In 2011, total losses reach € 110m at least.
Among other projects, Hypo Tirol participates in an…
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