Hypo Group: „Need Time, not Cash“

Professional Services › Banks ♦ Published: October 18, 2011; 15:25 ♦ (Vindobona)

Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.

Hypo Group: „Need Time, not Cash“ / Picture: © Wikipedia / JJ55 (30 March 2008)

According to CEO Kranebitter, Hypo Group needs more time from the current point of view. In December 2009, the bank has been nationalized by the government. Before that, the Carinthian bank was a subsidiary of the German BayernLB. The financial crisis in 2008/09 and the following economic downturn caused massive write-offs in foreign subsidiaries and interests. Hypo Group is strongly…

or Log In

Fast News Search
Related News
Do Austrian Banks Need More Capital? (October 15, 2011)
Androsch „Another Three to Four Billions for Hypo Group“ (October 4, 2011)
Hypo Alpe Adria Needs More Time to Build Up Capital (September 29, 2011)
Bank Aid Package is a Loss for Austria (September 7, 2011)
Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn (September 2, 2011)
Read More
Hypo Group Alpe Adria, Gottwald Kranebitter, Downsizing, NPL Non Performing Loans, Italy, Croatia
Featured
See latest Vindobona Newsletter