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Hypo to Require € 1bn This Year
Politics ♦
Published: May 17, 2013; 10:23 ♦ (Vindobona)
The ailing banking institute Hypo Group in the province of Carinthia will need € 1bn. On Friday, the managing board of Hypo Group will present a restructuring plan to the Finance Minister.
Hypo to Require € 1bn This Year / Picture: © European Commission
The central points of the concept presented by Hypo Group’s managing board to Finance Minister Maria Fekter today excludes setting a deadline for the selling of the CESEE affiliates but offers the withdrawal from business. However, the heas of the bank reject the establishing of a bad bank. Fekters’s officials have to work out a restructuring plan until the end of May which is…
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