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Kommunalkredit´s KA Finanz Needs New Guarantees

Published: August 6, 2012; 19:45 · (Vindobona)

Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.

At the moment, the bad bank of Kommunalkredit KA Finanz still has an exposure of € 297.1m in Greece. For KA Finanz, a Greek exit is a substantial risk factor. As guarantees for the exposure only come at € 243.3m, further guarantees of € 59.3m are required. In Greece, KA Finanz has already written off 70% of its assets.

The bad bank still has a remarkable size of investments…

This article includes a total of 233 words.

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