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Hypo Group: More than One Billion Required?

Published: March 21, 2014; 14:16 · (Vindobona)

As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.

Hypo Group is expected to require more than planned in this year's budget. / Picture: © Flickr

Ö1 received unverified information about the financial requirements about the ailing bank, which was nationalized in 2009, until September when the bad bank will be established. The amount of € 1.1bn exceeds this year’s budget allocated to Hypo Group by € 100m.

The session of the supervisory board of Hypo Group took longer than twelve hours yesterday. However, detailed…

This article includes a total of 257 words.

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