UPDATE 1-Hypo Alpe Adria expects full-year net loss

* Blames financial crisis, risk provisions

* First-half net loss 162 mln eur

(Adds detail)

VIENNA, Aug 25 (Reuters) - Austria's Hypo Alpe Adria Bank expects to post a full-year net loss due to the effects of the financial crisis and rising risk provisions, it said on Tuesday.

Hypo, which reported a first-half loss of 162 million euros ($231.8 million), said soaring risk costs had hurt results and that it will undertake a major restructuring programme in the second half of the year. It gave no comparative figure.

The bank, a major lender in the former Yugoslavia, was bailed out by its 67 percent owner BayernLB [BAYLB.UL] and the Austrian government late last year with a combined capital injection of 1.6 billion euros.

Without the cash infusion -- 900 million euros from the government and 700 million euros from BayernLB -- it would have dropped below regulatory capital requirements last year, its annual report showed.

Hypo had a net loss of 520 million euros last year as bad debt charges and writedowns on financial instruments soared.

Parent BayernLB itself needed cash injections of around 30 billion euros from the German and Bavarian governments last year.

(Reporting by Sylvia Westall; editing by John Stonestreet)