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Hypo Group: Time Pressure Grows Dramatically
Politics ♦
Published: April 17, 2014; 23:01 ♦ (Vindobona)
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Future bank aids for the nationalized Austrian lender are limited. Haircuts for creditors and bondholders are not unlikely.
Hypo Group Has Not Much Time Left / Picture: © Vindobona.org
The difficulties at Hypo Group Alpe Adria are far from being solved. In the contrary, the enormous losses in the last few years exhausted the capital injections provided by the Austrian Ministry of Finance. Yesterday, Hypo Group Alpe Adria confirmed that the annual loss came at € 2.7bn last year.
Last year, the European Commission has limited the maximum amount of state aids…
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