Brussels, 05/10/2012 (Agence Europe) - On 4 October 2012, the European Commission gave the go-ahead to a planned capital injection of €220 million for the Austrian public bank, Hypo Tirol Bank AG, struggling due to a depreciation of assets. The Commission says that the bank's restructuring plan ensures the bank's viability without state support and provides for a sufficient own contribution to the restructuring costs while minimising distortions of competition..
Hypo Tirol Bank is a...