Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn”
The governor of the Austrian Central Bank (OeNB) repulses reports stating that the nationalized bank Hypo Group needs capital injections of € 10bn.
For Ewald Nowotny, the report on the financial situation of Hypo Group Alpe Adria is not comprehensible. “This is not the standpoint of OeNB.” Nowotny emphasized. Hypo Group is said to need up to € 10bn due to a high NPL exposure.
“This figure was told in a report in Brussels by the EU Commission. We absolutely cannot comprehend this figure.” OeNB examines the capital…