Hypo Alpe Adria Gets More Time to Build Up Capital

Other Countries ♦ Published: December 30, 2011; 15:10 ♦ (Vindobona)

The Carinthian nationalized bank has to raise its own funds ratio to 12%. The Financial Market Authority granted a deadline extension of nine months.

Hypo Alpe Adria Gets More Time to Build Up Capital / Picture: © Hypo Alpe-Adria-Bank International AG

State-owned Hypo Alpe Adria Bank will have time until the end of 2012 to build up its capital buffer. The original deadline of 31 March 2012 has been extended by nine months by the Austrian Financial Market Authority (FMA), the company announced today. In mid-2011, the bank’s capital shortfall amounted to € 1.5bn, now it is “less than € 500m”, according to Johannes Ditz,…

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