Austria's Heta says wind-down going better than expected

July 21, 2016 10:12 AM

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VIENNA, July 21 Austrian "bad bank" Heta Asset Resolution is exceeding its targets on the wind-down of its assets and will revise its forecast for its cash holdings upwards, the company said on Thursday.

"Yes, it is going better (than expected), but it will get increasingly difficult (to maintain that level)," Heta's Chief Executive Prince Sebastian von Schoenaich-Carolath told reporters.

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