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Hypo Group: Losses up to € 1.3bn
The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.
Hypo Group: Losses up to € 1.3bn / Picture: © Hypo Alpe-Adria-Bank International AG
The previously expected loss of € 900m assumed by the Board has proved to be too low. The Slovenian location is particularly likely to cause problems to the Carinthian bank. Insiders believe that a loss below a billion would be really remarkable. The operating result, apart from the cost of provisioning, is considered to be very modest.
Value adjustments, particularly those in…
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