Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn

Business › n.a. ♦ Published: September 2, 2011; 19:55 ♦ (Vindobona)

The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.

Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn / Picture: © Hypo Alpe-Adria-Bank International AG

Hypo Alpe Adria Bank International AG has undergone a Joint Risk Assessment (JRAD) for the first time, administered by the Austrian National Bank (OeNB).

In the draft findings, the authorities have advised that the JRAD has established a requirement for additional equity capital to cover all the risks that exist for the bank, including stress scenarios. The auditors are of the…

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