Hypo Alpe Adria says needs more state aid
FRANKFURT, March 21
FRANKFURT, March 21 (Reuters) - Nationalised Austrian lender Hypo Alpe Adria Bank International AG said it needed more state funds to keep its capital at the minimum levels allowed by banking regulation.
The bank, which has already got 4.8 billion euros ($6.6 billion) in state aid since 2008, said it found that it needed to take further writedowns for the fiscal year 2013 that would push its capital ratios below the regulatory threshold.
Hypo Alpe Adria had already warned earlier this month that it may need more state capital to be able to draw up its 2013 financial results.
- U.S. and Arab allies launch first strikes on fighters in Syria |
- Argentina's Fernandez to meet billionaire investor Soros in New York
- Israel downs Syrian warplane it says violated its Golan airspace
- Qatar adamant it will host 2022 World Cup despite doubts
- U.S. attack on IS targets in Syria "will be answered" - fighter