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Hypo Tirol: NPL Quota at 37%
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The Tyrolean regional bank recorded losses of € 125m last year. The owner, the province of Tyrol has to inject further capital.
Hypo Tirol: NPL Quota at 37% / Picture: © Vindobona.org
The regional bank which is fully owned by the province of Tyrol still suffers from its bad business in Italy. Hypo Tirol tried to expand into the Italian real estate market. Between 2003 and 2008, too many loans were allowed, securities proved insufficient or non-recoverable.
In December 2011, high losses became public: total losses amount to € 125m. As a result, the…
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