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Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now

Published: May 23, 2013; 19:18 · (Vindobona)

The Governor of Austrian’s National Bank confirms that the result for the ailing Hypo Group will not be “good” due to the losses that have amounted over the past years.

Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now / Picture: © Wikipedia / Christian Wirth (Wirthi)

A fundamental decision for or against the establishing of a bad bank for state-owned Hypo Alpe Adria Group does not have to be made at the end of May already, Govenor of the Austrian National Bank (OeNB) Ewald Nowotny declared at the sideline of a press conference on Thursday. Until the end of May, only schedules need to be decided on but not in which form the restructuring has to be…

This article includes a total of 461 words.

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