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Hypo Group: Further State Aids not Excluded
People ♦
Published: May 30, 2012; 16:26 ♦ (Vindobona)
Johannes Ditz, chairman of the nationalized Hypo Group Alpe Adria, wants to sell about a third of the interests until 2014. In the end, losses are likely.
Hypo Group: Further State Aids not Excluded / Picture: © Vindobona.org
The head of the supervisory board does not exclude the need of further bank aids provided by the Austrian state. This would be due to the difficult market environment.
Ditz pushes for lower equity requirements oft he „bad bank“ compared to the subsidiaries, which dispose of a sufficiently large equity base. Hypo Group´s bad bank Hypo International manages assets of € 10bn.…
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