Hypo Group: Non-Performing Loans for € 8.5bn

Professional ServicesBanks ♦ Published: January 29, 2011; 11:01 ♦ (Vindobona)

The Hypo Group nationalized by the Austrian government is still deep in the red. The bank will be profitable as of 2012.

Hypo Group: Non-Performing Loans for € 8.5bn / Picture: © Vindobona.org

The nationalized Carinthian bank is still far from being able to complete its restructuring. The legal processing of controversial business transactions will take some time yet. The bank is still faced with high-risk loans: the level of non-performing loans is currently at € 8.5bn, and the value of risk provisions amounted in 2010 to more than € 1bn,  less however than in 2009 (€…