Hypo Group: Supervisory Board Wants Bad Bank

Businessn.a. ♦ Published: December 22, 2012; 15:41 ♦ (Vindobona)

Johannes Ditz, chairman of Hypo Group´s supervisory board thinks that the bank will need even more time to scale-down its risky assets.

Hypo Group: Supervisory Board Wants Bad Bank / Picture: © Hypo Alpe-Adria-Bank International AG

The sale of Hypo Group´s subsidiaries will take much more time than planned. At the moment, Hypo Group´s risky assets total more than € 10bn.

The restructuring process is extremely difficult as the economic situation is worse than expected. Above all, the weak economy in Southeast Europe is problematic, Kranebitter says. Initially, economists forecasted an economic growth…