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Hypo: Half-Year Results Expected August 28
Politics ♦
Published: August 27, 2013; 18:26 ♦ (Vindobona)
In order to be able and balance, nationalized Hypo Group required € 700m in capital by the Austrian state.
Hypo: Half-Year Results Expected August 28 / Picture: © Wikipedia / JJ55 (30 March 2008)
The preliminary report from January to June 2013 was the management board’s key topic on Tuesday during the board meeting. The announcement of results is expected in the coming days, probably on Wednesday, according to the board of directors. After further write-offs of loans, downgrades and increased loss coverage in Italy, losses amounted to more than € 700m. Without the current…
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