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Still Capital Requirement at Kommunalkredit
The „bad bank“ of the nationalized Austrian bank, KA Finanz, receives € 190m by the Austrian state. Moreover, another € 600m are needed in the first half of 2012.
Still Capital Requirement at Kommunalkredit / Picture: © Kommunalkredit
The nationalized bank Kommunalkredit faces persisting problems. Due to the write-off of Greek sovereign bonds, the bank recorded high losses in 2011. For 2011, the bank will again record substantial losses. In the first nine months of 2011, Kommunalkredit could achieve a neutral result at least. Though, Greek sovereign bonds had to be written-off in the last quarter of 2011.
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