Hypo Group: Cash Contributions Come at € 500m

Business › n.a. ♦ Published: November 14, 2012; 20:43 ♦ (Vindobona)

The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.

Hypo Group: Cash Contributions Come at € 500m / Picture: © Wikipedia / JJ55 (30 March 2008)

As reported by Vindobona, Hypo Group´s capital shortfall comes at € 2.2bn. The Austrian Financial Market Authority and OeNB (Austrian National Bank) calculated the equity requirement of Hypo Group in summer. Next year, Hypo Group must achieve an equity quota of 12.04%.

Now, the Finance Ministry officially confirmed that cash contributions will reach € 500m. The money will be…

or Log In

Fast News Search
Related News
Austria Wants to Unload Hypo Group (September 18, 2012)
Austria is Liable for Hypo Group´s Major Loan (July 27, 2012)
Hypo Group Prepares for Sale (May 4, 2012)
Hypo Alpe Adria Bank to be Sold this Year (March 22, 2012)
Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn” (March 10, 2012)
Read More
Hypo Group Alpe Adria, Maria Fekter, Capital Increase, Banking Industry, Nationalization, Croatia, Slovenia, Bosnia and Herzegovina, Serbia, Montenegro, Downsizing, FMA Financial Market Authority, OeNB Austrian National Bank
Featured
See latest Vindobona Newsletter