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Hypo Group: Current Capital Injection Not Enough
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Published: July 23, 2013; 22:08 ♦ (Vindobona)
Klaus Liebscher, head of the supervisory board of the nationalized Austrian problem bank, thinks that the Ministry of Finance will have to inject further money.
Hypo Group: Current Capital Injection Not Enough / Picture: © Vindobona.org
Liebscher confirms that the Austrian Ministry of Finance faces further problems. This week, the general shareholder meeting decided to inject € 700m. These funds will be needed for the half-year financial statements.
In the first half year of 2013, losses exceeded the half of the share capital substantially, which comes at € 970m. The results of the first half year are not…
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