: Vrlo je cudno sto nijedan od vecih medija ne prenosi nista o svemu sto se desava :)
Recimo news.bbc.co.uk u delu business nista ne pise o tome, cak ni u naznakama. Kod nas takodje, Kuriri koji je prosli put pisao o Hypo banci kada nije bilo razloga sada cuti.
Da li je u pitanju odredjeni event management koji je usvojen u drzavama posle proslogodisnjeg kraha ili prosto nezainteresovanost? Mnogo je cudno sve to...
Pa nije mnogo čudno, bilo je informacija o ovom događaju već nekoliko nedelja... ALI, reč je o, za svetske i evropske banke MINORNOJ banci, te osim medija u zemljama koje su direktno involvirane, to nije bitna vest... a naši mediji, pa Kurir piše samo o špekulacijama (kao prošle godine kad je pisao NEBULOZE o navodnoj propasti nekoliko banaka)... ovde nije bilo reč o špekulacijama već o činjenicama, a činjenice su nešto što srpski mediji ne prenose...
Austria nationalises troubled bank HGAA
By Chris Bryant in Vienna and James Wilson in Frankfurt
Published: December 14 2009 09:25 | Last updated: December 14 2009 09:25
The Austrian government on Monday nationalised Hypo Group Alpe Adria, the country’s sixth largest bank, as authorities took action to avoid its collapse and risk undermining confidence in the region’s lenders.
Austria will take over 100 per cent of HGAA after BayernLB, the German Landesbank, Grawe, the Austrian insurer and the Austrian province of Carinthia agreed to give up their shareholdings and inject around €1bn ($1.46bn) in capital.
HGAA expanded rapidly in the Balkans in recent years but these operations have begun to rack up big losses, threatening to erode the Austrian lender’s thin capital base.
The bank warned last month that rising risk provisions for bad loans would mean it would make a loss of “significantly” more than €1bn this year.
“The risk situation of this bank has created an enormous threat to Austria in the past days,” Josef Proell, finance minister, told reporters at the end of marathon talks with Georg Fahrenschon, his Bavarian counterpart, and shareholders. ”We jointly could avert this threat.”
Neither the Austrian government nor BayernLB were keen to inject capital into Hypo because both had already provided hundreds of millions of euros to prop up the lender. This tension produced a stalemate that endured into the early hours of Monday morning.
Under the terms of the deal, BayernLB will sell its 67 per cent shareholding for a nominal €1
and will inject a further €825m of capital by waiving liabilities. It will also leave €3bn of liquidity in the bank.
Carinthia will provide €200m, reflecting its 12.4 per cent stake and Grawe, which holds 20.5 per cent, will contribute €30m. Meanwhile, the Austrian government will inject up to €450m.
This is the second time that the Austrian government has been forced to nationalize a bank during the current crisis. In November 2008 it stepped in to rescue Kommunalkredit when credit markets dried up.
BayernLB now faces around a €2.3bn write-down on its investment. It paid €1.63bn for a stake of 50 per cent plus a share in Hypo Group in 2007 and has since put more than €1.1bn of extra capital into the group in two tranches raising its stake to 67 per cent.
The nationalisation of HGAA is the latest in a series of woes for Germany’s Landesbanken – public sector banks with regional ownership and primarily dependent on capital markets for funding.
WestLB needed a renewed government bailout last month while HSH Nordbank, LBBW and BayernLB have all also needed state aid. All will have to cut their business drastically.
BayernLB’s failed acquisition of HGAA helped push it to a loss of more than €5bn last year and the bank has said that HGAA’s problems would contribute to a loss exceeding €1bn this year.
The acquisition of HGAA in 2007 is being probed by Bavarian state prosecutors, whose inquiy centres on whether too high a price was paid.