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Hypo Group Denies New Capital Shortfall

Published: January 25, 2014; 11:27 · (Vindobona)

The nationalized Austrian lender Hypo Group Alpe Adria is said to require fresh founds in the amount of € 500m. The bank´s management claims the opposite.

Hypo Group Denies New Capital Shortfall / Picture: © LinkedIn

According to the Austrian newspaper “Standard”, Hypo Group Alpe Adria immediately needs capital injections in the amount of € 500m. Insiders report that the capital injection in December 2013 was insufficient.

Alexander Picker, CEO of Hypo Group Alpe Adria denied this information vehemently. „I absolutely reject such rumors.“

Hypo Group´s management board…

This article includes a total of 123 words.

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