Sponsored Content
„Shotdown of Hypo Group Would Cost € 6.0bn“
People ♦
Published: June 15, 2012; 13:54 ♦ (Vindobona)
Sponsored Content
The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.
„Shotdown of Hypo Group Would Cost € 6.0bn“ / Picture: © KPMG - Pressefoto Gottwald Kranebitter
According to CEO Gottwald Kranebitter, closing the bank now would cost about € 6.0bn. Above all, this would affect the taxpayers and the creditor and former owner BayernLB. For comparison, the shutdown of KA Finanz would cause costs of € 3.0bn. KA Finanz is the bad bank of Kommunalkredit, which was nationlized in 2008.
In 2009, the Austrian state took over the financially…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content