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Hypo Alpe Adria Threatened with Losses of up to € 3.5bn
Politics ♦
Published: August 29, 2013; 17:44 ♦ (Vindobona)
According to the restructuring plan and in a worst case scenario, even more losses could amount than in the past five years together. Reports by the media say, this year alone figures never seen before could pile up.
Hypo Alpe Adria Threatened with Losses of up to € 3.5bn / Picture: © Wikipedia / JJ55 (30 March 2008)
Losses of nationalized troubled bank Hypo Alpe Adria could exceed any expectations. In the latest issue, Austrian magazine “Format” quotes the confidential restructuring plan which has been handed in to Brussels eight weeks ago. Brussels demands a fast downsizing of the banking institute, which is costly. In the report, the bank’s management organs predicted that in the coming…
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