Treichl: „Not Afraid of Hypo Group Bankruptcy“

Businessn.a. ♦ Published: March 1, 2014; 15:19 ♦ (Vindobona)

Andreas Treichl, CEO of Vienna-listed Erste Group does not think that a potential bankruptcy of the nationalized lender Hypo Group Alpe Adria would affect Erste Group´s rating.

Treichl: „Not Afraid of Hypo Group Bankruptcy“ / Picture: © Erste Group / Andi Bruckner

In the past few weeks, Austrian economists and representatives of the government and the Austrian National Bank (OeNB) repeatedly warned of Hypo Group´s bankruptcy. Follow up-costs might not only burden the Austrian state budget, but also the Austrian banking industry.

Erste Group´s CEO Andreas Treichl is more relaxed, by contrast. Treichl is optimistic that Erste Group would…

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