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Hypo Austria aims to build bridges with India

Dec 20, 2013    

VIENNA (Reuters) - Hypo Alpe Adria AG AAIM.UL, the domestic banking unit of Austrian nationalised lender Hypo Alpe Adria International HAABI.UL just sold to a British-Indian investor, said it aims to build bridges to develop business between Europe and India.The bank said it would strengthen its existing business in retail banking and the financing of public projects in its home province of Carinthia, but also aimed to become a trade bank for European exporters to India and Indian firms in Europe.The 66 million-euro sale is so far the only successful disposal of a unit of Hypo Alpe Adria Inter...

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