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Bank Resolution
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Budget Deficit: Austria Threatened with Penalty
Due to the capital injections into the distressed lender Hypo Group, Austria´s 2013 budget deficit will exceed the 3.0% threshold. According to Finance Minister Spindelegger, Austria might face an excessive deficit procedure.
April 25, 2014
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Austrian Public Debt Almost at 80% of GDP
The Austrian public debt burden will reach a new all-time high at the end of the current year. The challenging fiscal situation is partly attributable to the capital injections into Hypo Group Alpe Adria.
April 24, 2014
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Hypo Group: Time Pressure Grows Dramatically
Future bank aids for the nationalized Austrian lender are limited. Haircuts for creditors and bondholders are not unlikely.
April 17, 2014
Horrible Loss at Hypo Group Alpe Adria
The former Balkan lender shocks with new figures. The Austrian nationalized bank had to write off wide parts of its risky assets. Further losses are likely as well as further capital injections.
April 16, 2014
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Hypo Group Alpe Adria: Massive Losses in Italy
Last year, the distressed Austrian lender recorded losses in the amount of € 2.7bn. In Italy, losses were highest.
April 11, 2014
ECB Puts Pressure on Hypo Group
The distressed Austrian nationalized lender has no access to the Eurosystem monetary policy credit instruments. About ten potential buyers might be interested in the Balkan lender.
April 5, 2014
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Hypo Group: „We Are not the Only One Who Must Pay“
Austrian Minister of Finance Michael Spindelegger underlines that the Austrian taxpayers are not the only ones who must bear the losses of the nationalized lender Hypo Group Alpe Adria.
April 5, 2014
Austria: VBAG Downgraded to Junk Status
Moody´s has lowered VBAG´s rating. According to the rating agency, the partly nationalized Austrian bank has no investment grade anymore.
March 29, 2014
KA Finanz: No More State Aids Necessary
The nationalized Austrian bad bank has finished the loss-making sale of credit default swaps. In the last six years, KA Finanz has downsized radically.
March 29, 2014
Hypo Group: New Supervisory Board President
Herbert Walter becomes head of the nationalized Austrian Balkan lender Hypo Group Alpe Adria. According to Austrian Finance Minister Michael Spindelegger, Hypo Group needs even more capital injections.
March 24, 2014
„Austria Needs an Excellent Minister of Finance“
Andreas Treichl, CEO of the third-biggest lender in Central, Eastern and Southeastern Europe expressed subtle doubt as to whether Michael Spindelegger is the right person for the job.
March 2, 2014
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Hypo Group: Five Potential Buyers for CESEE Affiliates
Alexander Picker, CEO of the nationalized bank Hypo Group Alpe Adria, is optimistic that the affiliates in the Western Balkan countries may be sold until the end of 2014.
March 1, 2014
Threat of Bankruptcy: Moody´s Cuts Hypo Group Alpe Adria´s Rating
The U.S. rating agency downgrades the rating of the Austrian nationalized lender by four notches. Moody´s referred to the uncertainty and the vague statements of the Austrian government.
February 15, 2014 · Updated: February 15, 2014; 18:47
Hypo Group Alpe Adria: Nowotny Attacks Fekter
Governor of the Austrian National Bank (OeNB) Ewald Nowotny criticizes former Minister of Finance Maria Fekter sharply and blames her for inactivity.
February 15, 2014 · Updated: February 15, 2014; 18:19
„We Were Cheated by BayernLB“
Hannes Androsch, head of the Hypo Group task force, thinks that the former Austrian government has made serious mistakes.
February 13, 2014
Hypo Group Alpe Adria: The War of Nerves Has Begun
The Austrian government puts enormous pressure on the Austrian banking sector and does not exclude Hypo Group´s orderly bankruptcy anymore. The Austrian banking sector insistently warns of this option.
February 9, 2014 · Updated: February 9, 2014; 23:41
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Austrian Bad Bank Received Further State Aid
The Austrian Ministry of Finance injected € 150m into KA Finanz, the bad bank of the publicly held Kommunalkredit.
February 6, 2014
Hypo Group Alpe Adria: Fitch Recommends “Joint Bad Bank”
According to the rating agency, the best alternative is a joint solution between the Austrian state and privately held banks. In return, the bank levy should be reduced, Fitch says.
February 5, 2014
Austria: IHS Against Bank Levy
Christian Keuschnigg, director of the Austrian economic research institute IHS stresses that the bank resolution funds would replace the bank levy.
January 28, 2014
Spindelegger: “No Exploitation of Resolution Funds”
Among the finance ministers in Europe, there are still different perceptions regarding the bank resolution fund.
January 28, 2014
Spindelegger Met Almunia: „Bank Aids Were No Issue“
Today, Austrian Minister of Finance Michael Spindelegger has met Commissioner for competition Joaquin Almunia.
January 20, 2014
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Mitterlehner: „Hypo Group Must Not Burden State Budget“
Austria´s Minister of Economics underlined that the Austrian government is looking for an effective and cost-saving solution for the nationalized Lender Hypo Group Alpe Adria.
January 20, 2014
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