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

Politics ♦ 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…

or Log In

Fast News Search
Related News
Srei Group to Offer € 65.6m for Hypo (May 22, 2013)
Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“ (May 21, 2013)
Hypo to Require € 1bn This Year (May 17, 2013)
Austria: OeNB Positive About Hypo’s Future (May 14, 2013)
“Operations of Austrian Banks in CESEE Region Are a Success Story“ (January 30, 2013)
Read More
Hypo Group Alpe Adria, Banking Industry, Srei Group, India, Ewald Nowotny, OeNB Austrian National Bank, Maria Fekter, Monetary Policy, Austerity, Restructuring, CESEE, Italy
Featured
See latest Vindobona Newsletter