Hypo Group Reduced Capital at Croatian Subsidiary

Business › n.a. ♦ Published: September 3, 2012; 22:41 ♦ (Vindobona)

The Austrian nationalized bank cut the stock capital of the Croatian subsidiary by € 100m.

Hypo Group Reduced Capital at Croatian Subsidiary / Picture: © Wikipedia / JJ55 (30 March 2008)

The Croatian newspaper “Poslovni dnevnik” reported that the equity quota of the local subsidiary was reduced by € 100m. Hypo Group confirmed this report.

According to Hypo Group, the capital structure was amended as the equity quota in Croatia was too high, the bank said. Hypo Group Croatia´s equity quota reached 26%.

The funds were shifted to the Austrian holding…

or Log In

Fast News Search
Related News
Capital Shortfall at Hypo Group up to € 2.0bn (September 1, 2012)
Fekter Does Not Exclude Further Bank Aids Anymore (August 23, 2012)
Hypo Group: Major Risk Factor for BayernLB (August 18, 2012)
Dispute Over Hypo Group (August 16, 2012)
Read More
Hypo Group Alpe Adria, Banking Industry, Croatia
Featured
See latest Vindobona Newsletter