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Hypo Group: Decision Has Finally Been Made

Published: March 14, 2014; 10:08 · (Vindobona)

The government has finally made a decision. Ailing Hypo Group Alpe Adria will be downsized through a private bad bank.

Hypo Group will be downsized through a private bad bank. / Picture: © Flickr

The Austrian government has finally come to a conclusion about the method of how to deal with problem bank Hypo Group. The ailing bank will be downsized through a national bad bank while the affiliates in SEE will be sold as soon as possible. Apart from the SEE network the “rest of Hypo will be transferred to a deregulated private company” and downsized in separate units in order to…

This article includes a total of 272 words.

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