Hypo Group: Non-Performing Loans for € 8.5bn

Professional Services › Banks ♦ 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 (€…

or Log In

Fast News Search
Related News
U.S. Embassy on Hypo Group: "Mini-empire in the Balkans" (January 26, 2011)
Hypo Group Purchase by BayernLB was "unrealistic" (January 20, 2011)
The Hypo Group and its Consultants (January 17, 2011)
New Controversy over the Hypo Group (January 10, 2011)
Suspicion on Money-Laundering at Hypo Group (January 7, 2011)
Hypo Group: Little Enlightment Expected from Grasser and Berlin (January 4, 2011)
Read More
Privatizations, Carinthia, Gottwald Kranebitter, Banking Industry, Hypo Group Alpe Adria, Restructuring
Featured
Rudolfinerhaus Private Hospital: The Most Advanced Treatment by Tradition
See latest Vindobona Newsletter