UPDATE 1-Austrian 'bad bank' Heta expects to have 6.3 bln euros cash in 2020

October 21, 2015 9:48 AM

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VIENNA Oct 21 (Reuters) - Austrian "bad bank" Heta Asset Resolution expects to have about 6.3 billion euros ($7.2 billion) in cash in 2020 from winding down its assets, it said in a presentation posted on its website on Wednesday.

Heta was created from failed lender Hypo Alpe Adria, a regional bank that expanded rapidly with the help of bond guarantees from its home province of Carinthia.

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