RBI Approves Participation in Bad Bank for Hypo

People ♦ Published: November 18, 2013; 16:12 ♦ (Vindobona)

CEO of RBI Sevelda expects Austrian government to set a time limit for bank levies until the end of 2016.

RBI Approves Participation in Bad Bank for Hypo / Picture: © Raiffeisen Bank International AG / Press Photo

In order for burdens to stay within reasonable limits for taxpayers, financial insitutes are supposed to participate in a bad bank for ailing Hypo Group Alpe Adria. CEO of Raiffeisen Bank International (RBI), Karl Sevelda, is not opposed to this model. However, he expects give-and-take from the Austrian government and hopes that the bank levies will not be extendend after…

or Log In

Fast News Search
Related News
RBI Considers Leaving Ukraine (November 17, 2013)
“Bank Aid for Hypo Group Is too Late“ (November 16, 2013)
Hypo Bad Bank Not to be Established Before 2014 (November 15, 2013)
Austria: Downsizing Options for Hypo Group under Discussion (November 12, 2013)
RBI: Rothensteiner Opposed Payout Block (October 31, 2013)
Read More
Ewald Nowotny, Klaus Liebscher, Bankruptcy, Restructuring, Banking Industry, Taxation, Hypo Group Alpe Adria, Karl Sevelda, Leaders, RBI Raiffeisen Bank International, OeNB Austrian National Bank, Michael Spindelegger, Werner Faymann, Public Debt, Budget Deficit
ISIN
AT0000606306
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter