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Hypo banka to remain in Serbia

13. May 2010. | 10:58

Source: limun.hr

After the restructuring process, Hypo Alpe Adria Bank will focus on five markets: Austrian, Slovenian, Croatian, Serbian and Bosnia and Herzegovinia.

After the restructuring process, Hypo Alpe Adria Bank will focus on five markets: Austrian, Slovenian, Croatian, Serbian and Bosnia and Herzegovinia.

The bank will withdraw its business from Ukraine, Macedonia, Hungary, Bulgaria and Germany, where it suffered substantial losses.

The “new” Hypo Bank will drastically reduce its business, limiting it to five markets. The balance sheet will reduce to only a half of the current EUR 41.1 bn.

According to estimates, the recovered Hypo Bank will be able to achieve positive business results in three years, and in five years it will be ready for sale.

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