Politics

Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector

Published: December 19, 2013; 11:58 · (Vindobona)

In case of Hypo Group Alpe Adria´s bankruptcy, the Austrian banking sector would have to absorb enormous write-offs. Above all, mortgage institutions in the Raiffeisen sector would be endangered.

Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector / Picture: © Hypo OÖ

At the moment, the future of the nationalized lender Hypo Group Alpe Adria is still uncertain. The Austrian Federal Financial Agency (Finanzprokuratur) favors a bankruptcy scenario. The Federal Financial Agency is said to argue that this is the least expensive alternative. According to a study carried out by the business adviser Oliver Wyman, the Federation of Austria would save costs…

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Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector

In case of Hypo Group Alpe Adria´s bankruptcy, the Austrian banking sector would have to absorb enormous write-offs. Above all, mortgage institutions in the Raiffeisen sector would be endangered.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.