Sponsored Content

The Hypo Group and its Consultants

People ♦ Published: January 18, 2011; 00:31 ♦ (Vindobona)

Sponsored Content

In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.

The Hypo Group and its Consultants / Picture: © Hypo Alpe-Adria-Bank International AG

With the emergency nationalization of the Carinthian Hypo Group in December 2009, the Pinkl era also came to an end, but not the high expenses incurred for consulting services.

Therefore, according to the daily "Der Standard", alone in 2009, when the BayernLB still was the main owner of the bank and Franz Pinkl the chairman of its board, an amount of € 60m was spent for…