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Hypo Shows Improved Results for CESEE and Austria

Published: March 19, 2013; 11:36 · (Vindobona)

Hypo Group achieved a result close to break-even in 2012 with € 3.0m after tax. Total assets drop below € 34bn (2011: € 35.1bn). Net interest income drops y/y from € 753.3 m to EUR 678.4 m (almost 10 %).

Hypo Shows Improved Results for CESEE and Austria / Picture: © Hypo Alpe-Adria-Bank International AG

Gottwald Kranebitter, Chairman of the Executive Board:

“2012 marks the end of the third year following the emergency nationalisation of Hypo Alpe Adria. Although from today’s point of view the former shareholders had previously presented the bank in too optimistic a light, despite a deep and long lasting depression in our core markets considerable stride have…

This article includes a total of 1386 words.

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