Sponsored Content
Hypo Tirol Needs Capital Increase
The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.
Hypo Tirol Needs Capital Increase / Picture: © Vindobona.org
Last week, Hypo Tirol announced write-offs amounting to € 120m, caused by the business in Italy. A capital increase becomes necessary. The head of the supervisory board, Wilfried Stauder, explained that an equity quota of 5.8% cannot be a persisting figure. Now, the facts and data will be audited. “By the end of the day”, the bank will decide which actions are necessary in order…
or Log In
Fast News Search