Austrian Division of Hypo Alpe Adria Managed to Turn A Profit

Politics ♦ Published: August 20, 2013; 11:38 ♦ (Vindobona)

In the past half year the Austrian division of nationalized bank Hypo Group made small profits.

Austrian Division of Hypo Alpe Adria Managed to Turn A Profit / Picture: © Hypo Alpe-Adria-Bank International AG

On Monday, the banking group reported a modest profit for the first six months of this year. After net earning of € 5.8m in the first half year in 2012, the bank shows an after tax profit of € 787,000 in the first half year of 2013. However, losses at the parent company Hypo Alpe Adria were so high in the first half year that a semi-annual balance sheet could only be made with a…

or Log In

Fast News Search
Related News
Austria: Kranebitter to Leave Hypo Group (August 19, 2013)
Austria: Speculations About Kranebitter’s Sucessor (July 12, 2013)
Fekter: Kranebitter „Weary of Office“ (July 3, 2013)
Hypo Group: CEO Kranebitter Steps Back (July 2, 2013)
Hypo Group: Possible Deductions from Selling Price (June 5, 2013)
Read More
Banking Industry, Hypo Group Alpe Adria, Italy, UK United Kingdom, India, Anadi, Gottwald Kranebitter, Klaus Liebscher, Germany, BayernLB, Monetary Policy, Labor Market, Earnings, CESEE
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter