Hypo Group Expects Enormous Challenges

People ♦ Published: December 10, 2012; 20:04 ♦ (Vindobona)

„Next year will be very difficult.“ CEO Gottwald Kranebitter says in an interview with “WirtschaftsBlatt”.

Hypo Group Expects Enormous Challenges / Picture: © KPMG - Pressefoto Gottwald Kranebitter

„It is an illusion to expect us to record profits next year.” Kranebitter said. Next year will become very difficult for the nationalized bank. Next year, the Austrian unit will be sold, he explains. However, it will not be easy to find a suitable buyer. The price is not the main criterion, Kranebitter says. Last week, Hypo Group has started the sale process of the subsidiaries in…