Hypo Alpe Adria: Involvement in Southeastern Europe to be maintained

Published: November 10, 2010; 10:28 · (Vindobona)

The Carinthian bank intends to continue operating in the Balkans. The active involvement is justified because the region is the one with most significant growth in Europe and Hypo has the status of a systemically important bank.

Hypo Alpe Adria: Involvement in Southeastern Europe to be maintained / Picture: © Reuters

Hypo Alpe Adria will stay as an active driver of economic development and convergence of the economies in southeastern Europe, says Gottwald Kranebitter, Chairman of the Board of Hypo Alpe Adria.

The region was characterized in 2008 by a very high economic growth, which was only surpassed by Asian economies. But the collapse of the economy in the years 2008 to 2010 was also…

This article includes a total of 236 words.

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