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Hypo Group: Bad Bank Active at Least 10 Years

Published: February 12, 2014; 09:56 · (Vindobona)

Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.

Hypo Group: Bad Bank Active at Least 10 Years / Picture: © Hypo Alpe-Adria-Bank International AG

According to Alois Strasser, analyst at Standard & Poor’s, the expenditures for the planned bad bank for Hypo Group are not easy to forecast. He considers the figure announced ‑ € 19bn in risks and bad loans – not to be unrealistic and estimates that the bad bank of Hypo Group will be operating at least ten years, perhaps even longer than that.

However, the expert…

This article includes a total of 318 words.

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