Users "Hypo" services are safe - same model for "Volksbank"?

Following the takeover of Hypo Alpe Adria Bank by the state of Austria, the banking sector in that country got worried because of bad financial situation in "Volksbank" .

The Financial Management Association (FMA) and the National Bank of Austria have already put "Volksbank" on the "monitoring" list.

Viennese daily newspaper "Prese" claims that FMA demands from the owner to present the concept for the future of "Volksbank", which is the fourth largest credit organization in Austria, after "Bank Austria", "Erste bank" and "Raiffeisen", with the balance of 53 billion EUR, so that it is of great importance to the whole banking system of the country, which means that its breakdown can not be allowed.

Just like "Hypo", "Volksbank" came to a criticial situation because of the financial crisis, and it registered 607m EUR worth of losses during three quarters in 2009.