As per recent reports, it has been revealed that there are fewer chances that Hypo Alpe-Adria-Bank International AG will undergo 16 billion-euro insolvency.

It has been said so as Austria Government is having good links with the Commission. Therefore, there are chances that the Hypo Alpe-Adria-Bank International AG will require to undergo the same, revealed the central bank of Austria.

Andreas Ittner, Director at Austria's central bank, said that Hypo Alpe-Adria-Bank International AG would have witnessed loss if the Commission would have asked for the repayment and that too without any delay. "The government is on a very good path with the Commission, therefore I don't think that there is an immediate threat", said Ittner.

Hypo Alpe is considered to be the third largest lender in the nations. Therefore, it is very important that it does not get stuck in a complication. Joaquin Almunia, top antitrust official in the European Union, said that they were not satisfied with restructuring plan for Hypo Alpe. Therefore, there were chances that they may ask Hypo Alpe to repay.

But it has been found that Klaus Liebscher, who is the former central bank governor, along with team is going to draft a novel plan and will satisfy Almunia with the same.