Hypo Group Expected to Publish Figures This Week

People ♦ Published: March 19, 2014; 18:56 ♦ (Vindobona)

On Thursday the Austrian taxpayers are supposed to officially get to know the financial requirements for nationalized problem bank Hypo Group Alpe Adria.

Investors in Hypo are supposed to contribute to the downsizing costs with around € 500m. / Picture: © Hypo Alpe-Adria-Bank International AG

The Austrian Finance Ministry is still making plan about implementing special laws in order to make investors take part financially in the downsizing costs. According to daily “Kurier” (Thursday issue), investors, who have acquired cheap bonds from the bank due to the positive share price development, are supposed to participate with around € 500m. However, the legal issue has…