Press Release: State aid: Commission approves emergency rescue aid for Austrian bank Hypo Group Alpe Adria

Author (Corporate)
Series Title
Series Details IP/12/1315 (05.12.12)
Publication Date 05/12/2012
Content Type

The European Commission has temporarily approved, under EU state aid rules, an emergency recapitalisation totalling €1.5 billion that Austria intends to grant to Hypo Group Alpe Adria (HGAA). The bank needs the aid to comply with regulatory equity ratios. The Commission temporarily approved the aid for reasons of financial stability.

Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-12-1315_en.htm
Related Links
ESO: Background information: State aid: Commission temporarily approves aid for Austrian Hypo Alpe Adria Group http://www.europeansources.info/record/press-release-state-aid-commission-temporarily-approves-aid-for-austrian-hypo-alpe-adria-group/
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