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Hypo Group Reduced Capital at Croatian Subsidiary
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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…
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