Sponsored
Article Tools

RBI Approves Participation in Bad Bank for Hypo

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…

This article includes a total of 449 words.

or Log In