Hypo Group: Decision about Future Delayed

People ♦ Published: February 28, 2014; 14:34 ♦ (Vindobona)

The decision about the future of Austrian problem bank Hypo will be delayed.

Hypo Group: Decision about Future Delayed / Picture: © Hypo Alpe-Adria-Bank International AG

As reported by Austrian daily “Standard”, the task force of the nationalized bank will hand in the final report for the government later than planned.

The report about the different downsizing alternatives was supposed to be presented early next week. However, according to the circles of the owners, “the task force will not be finished in time” but needs more time to…

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