Hypo Group: Losses up to € 1.3bn

Published: February 19, 2011; 12:09 · (Vindobona)

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…

This article includes a total of 153 words.

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