Hypo Group Needs up to € 17bn

Politics ♦ Published: September 12, 2013; 08:06 ♦ (Vindobona)

The scenarios for the nationalized Austrian banking group become even more pessimistic.

Hypo Group Needs up to € 17bn / Picture: © Hypo Alpe-Adria-Bank International AG

The Austrian National Bank (OeNB) has made a new risk assessment for Hypo Group. The new worst case scenario would be even more expensive for the Austrian taxpayers than the previous ones. According to OeNB, the capital requirement of the fully nationalized bank may reach up to € 17bn. In July, the most pessimistic scenario indicated a cash requirement of € 14bn.

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