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…

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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
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