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Hypo Group: Current Capital Injection Not Enough

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: © Das Rudolfinerhaus

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…

This article includes a total of 271 words.

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