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RBI Approves Participation in Bad Bank for Hypo
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Published: November 18, 2013; 16:12 ♦ (Vindobona)

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

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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