According to media reports, the ECB should examine bank loans to Signa – banks

2023-07-08 17:17:16

Vienna – In the consolidated balance sheets of two Signa companies of the Tyrolean real estate investor Rene Benko, “adjustments to incorrect previous year’s figures” were made in 2020, as reported by DER STANDARD. The “Presse” reported, referring to an article in the “Frankfurter Allgemeine Zeitung”, that the European Central Bank (ECB) was for the first time only examining banks for one borrower – Benko’s Signa Group. A team of bank supervisors – mostly Austrians – is examining European banks for this selected borrower. “It’s never happened before,” the German newspaper quoted a long-standing bank director who wished to remain anonymous.

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