Hypo Group: Nowotny Calls for Fast Proceeding

People ♦ Published: February 24, 2014; 15:45 ♦ (Vindobona)

Newly designated head of Hypo Group’s task force, Governor of the Austrian National Bank (OeNB) Ewald Nowotny, calls upon the government to fastly proceed with the downsizing of the ailing bank.

Hypo Group: Nowotny Calls for Fast Proceeding / Picture: © Agenda Austria 2020

Nowotny took over the chair of the task force to avoid any further delays, the Governor of the Austrian National Bank said on Saturday, a day after the resignation of his predecessor Klaus Liebscher became known.

Currently the task force is working on a bad bank model for problem loans and liabilities. According to Nowotny, preparations for the bank model are supposed to be…

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