„Selling Hypo Group Needs up to Five Years“

Businessn.a. ♦ Published: February 15, 2013; 18:53 ♦ (Vindobona)

Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.

„Selling Hypo Group Needs up to Five Years“ / Picture: © Wikipedia / JJ55 (30 March 2008)

At the moment, a sale of the nationalized banking group is rather complicated, Androsch says. In an interview with the Austria magazine “Format”, Androsch explains that the maximum losses for the Austrian taxpayers will reach up to € 6bn. In the best case scenario, losses come at € 2bn, he says.

According to Hypo Group´s supervisory board president Johannes Ditz, the…