Hypo Group´s Capital Shortfall at € 2.2bn

People ♦ Published: September 6, 2012; 17:42 ♦ (Vindobona)

Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.

Hypo Group´s Capital Shortfall at € 2.2bn / Picture: © Wikipedia / JJ55 (30 March 2008)

One year ago, the capital shortfall was estimated to reach € 1.5bn. The bank´s equity ratio should exceed 12%, OeNB and FMA stated. After OeNB has published the capital shortfall in fall 2011, Hypo Group asked to government to extend the time limit and to recalculate the figure.

Due to the recession in Southeastern Europe and the decrease in real estate markets, the gap…

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