ECB tells banks to write down Heta exposure by over half-Handelsblatt

FRANKFURT, April 14 (Reuters) - The European Central Bank has told banks with exposure to Austria's Heta bad bank to write it down by more than 50 percent, Germany's Handelsblatt newspaper reported on Tuesday, citing unnamed banks.

The requested writedown would apply to debt guaranteed by Carinthia but would be higher - at least 95 percent - for other debt with a lower ranking that is not guaranteed by Austria, the newspaper reported. The ECB was not immediately available to comment.

Heta was formed from defunct Austrian lender Hypo Alpe Adria, and last month the Bundesbank said German banks and insurers had a total exposure of 7.1 billion euros. ($7.5 billion).

Carinthia, Hypo's home province, has more than 10 billion euros in debt guarantees for Heta, and is trying to figure out how to handle them given that its annual budget is only around 2 billion euros.

($1 = 0.9483 euros) (Reporting By John O'Donnell; editing by Michael Shields)

Anda sedang membaca artikel tentang

ECB tells banks to write down Heta exposure by over half-Handelsblatt

Dengan url

http://streswajah.blogspot.com/2015/04/ecb-tells-banks-to-write-down-heta.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

ECB tells banks to write down Heta exposure by over half-Handelsblatt

namun jangan lupa untuk meletakkan link

ECB tells banks to write down Heta exposure by over half-Handelsblatt

sebagai sumbernya