Hypo Alpe Adria Becomes Solely Bad Bank, Bank License Revoked

11 hours ago · Politics & Policy
Nationalised lender, defunct Hypo Alpe Adria will function solely as a bad bank, as the regulator revoked the banking license of the group. The move was made possible by the transfer of bank stakes - Hypo's Balkan assets - to state holding OIAG/Fimbag, ahead of the planned sale to US fund Advent and the EBRD.


Schelling: Zero Deficit in 2016, More Measures Necessary in 2015

October 27
Austrian Finance Minister Hans Jörg Schelling (ÖVP) told the European Commission that Austria would reach a structural "zero deficit" in 2016. In his reply to the European Commission the minister indicated also that he and his ministerial colleagues were negotiating additional measures ...

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Erste Group's Romanian Subsidiary BCR Turns to 9-Mo Loss of EUR 549 Mln

7 hours ago
Romania's top lender in terms of assets, Banca Comerciala Romana (BCR), said, that it turned to a nine-month net loss attributable ...

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