Hypo Group: „As Little Bank Aids as Possible“

People ♦ Published: July 20, 2012; 20:00 ♦ (Vindobona)

Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.

Hypo Group: „As Little Bank Aids as Possible“ / Picture: © KPMG - Pressefoto Gottwald Kranebitter

Kranebitter is angry about reports on Hypo Group. The bank is said to face substantical capital shortfalls. In total, the bank has a risky exposure of more than € 10bn. The capital shortfall may reach up to € 5.0bn, insiders say. However, Kranebitter admits that the business enviroment has deteriorated in the last months.

Two years ago, such a recession in Southeastern Europe…