KA Finanz: No More State Aids Necessary

Politics ♦ Published: March 29, 2014; 14:01 ♦ (Vindobona)

The nationalized Austrian bad bank has finished the loss-making sale of credit default swaps. In the last six years, KA Finanz has downsized radically.

KA Finanz Reduces Risky Assets / Picture: © Vindobona.org

According to KA Finanz, the bad bank of the nationalized lender Kommunalkredit, no more state aids will be necessary in the coming years. However, the management of the bad bank underlined that the asset sale must go on without time pressure. “We do not need capital injections anymore. However, we must not accelerate the risk reduction program.” CEO Alois Steinbichler…