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Hypo Bankruptcy Could Severly Harm BayernLB
Rating agency Moody’s sees German BayernLB impacted by the critical capital situation in the coming years.
Hypo Bankruptcy Could Severly Harm BayernLB / Picture: © Vindobona.org
Because of financial problems with former affiliate Hypo Group Alpe Adria and losses of Hungarian affiliate BayernLB get under pressure in regard to its capital resources, according to Moody’s. Moreover, the German regional bank has to pay back € 4bn in state aid until the year 2019. However, Moody’s is optimistic that the bank will be able to comply with the restructuring…
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