Hypo Alpe-Adria-Bank in the Red Again

Published: August 13, 2012; 17:22 · (Vindobona)

Today, the nationalized bank announced its half yearly result for 2012. Net Results reached € 10m.

Hypo Alpe-Adria-Bank in the Red Again / Picture: © Hypo Alpe-Adria-Bank International AG

The nationalized Hypo Group still faces enormous difficulties in Southeastern Europe. Above all, the recent downgrades of Slovenia and Croatia cause an increase in risk provisions.

“A consolidated result before taxes of € 34.4m (06/2011: € 90.8m) proves Hypo Alpe Adria's economic stability out of its own resources, in spite of the difficult market environment - particularly…

This article includes a total of 327 words.

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