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OeNB Favors Examination of Bad Bank for Hypo

Published: July 8, 2013; 20:05 · (Vindobona)

The Austrian National Bank (OeNB) has, according to Govenor Ewald Nowotny, requested to examine models for the establishing of a bad bank for Hypo Group. This was announced by Nowotny on Monday

OeNB Favors Examination of Bad Bank for Hypo / Picture: © Wikipedia / Christian Wirth (Wirthi)

The decision upon the establishing of a bad bank for ailing Hypo Group was still left with the owner, the Austrian state. “We are not the owner,” Nowotny declared. In Europe there were many models, and so, according to the Governor, many different versions under the term “bad bank” can be understood. Nowotny announced that the OeNB was currently under way to examine such models…

This article includes a total of 269 words.

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