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Hypo Group: The Time is Pressing
Politics ♦
Published: June 11, 2012; 16:43 ♦ (Vindobona)
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Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.
Hypo Group: The Time is Pressing / Picture: © Hypo Alpe-Adria-Bank International AG
Last month, Hypo Group´s supervisory board member Johannes Ditz explicitly said not to exclude the need of further bank aids provided by the Austrian state. This would be due to the difficult market environment. In order to fill the capital shortfall at Hypo Group, a bad bank should be established. Ditz called for a model which would minimize the costs for the taxpayers. Until now, the…
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