Sponsored Content
Hypo Group: Losses of € 165m
Sponsored Content
Hypo Group Alpe Adria, a nationalized Austrian lender, does not pay a dividend to the state. According to IFRS, Hypo Group could achieve profits of € 69.3m.

Net income was € 69.3m in 2011 under international financial reporting standards after a € 1.1bn loss the year before, the Klagenfurt, Austria-based bank said today in a statement on its website. Hypo won’t pay a dividend because it still posted a full-year loss of € 164.7m, according to Austrian accounting standards.
Austria took over Hypo Group in 2009 after bad debts,…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Hypo Group: Costs Could Increase up to € 10bn (March 10, 2012)
Bank Insolvency Act to be Finished by Summer 2012 (March 7, 2012)
Public Dispute Over Privatizations (February 29, 2012)
„Banks are the Real Austrian Problem“ (February 28, 2012)
Sponsored Content
Read More
Featured