Hypo Group Alpe Adria: Liebscher Against Haircut

People ♦ Published: December 10, 2013; 20:02 ♦ (Vindobona)

Klaus Liebscher, chairman of Hypo Group’s supervisory board, is strictly against a debt cut at the nationalized bank. He expects a decision about a bad bank only in the first quarter next year.

Hypo Group Alpe Adria: Liebscher Against Haircut / Picture: © Das Rudolfinerhaus

However, Liebscher needs to wait for restructuring solutions by the government. “My current contact persons are Chancellor Werner Faymann and Deputy Chancellor Michael Spindelegger and also I am in touch with Finance Minister Maria Fekter but a decision about Hypo is reserved to the future government. We will certainly take some time in the first quarter 2014 to find a solution for a…

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Banking Industry, Hypo Group Alpe Adria, Leaders, Klaus Liebscher, Werner Faymann, Michael Spindelegger, Maria Fekter, Downsizing, Bankruptcy, Nationalization, Privatizations, Taxation, Greece, UK United Kingdom, NPL Non Performing Loans, CESEE, Lending
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