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Hypo Group´s Austrian Subsidiary in the Profit Zone
Hypo Alpe Adria Bank AG, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG, today reports positive results from ordinary business activities (EBT) in 2011 of € 10.18m.
Hypo Group´s Austrian Subsidiary in the Profit Zone / Picture: © Wikipedia / JJ55 (30 March 2008)
In 2010, the Austrian subsidiary still had to report operating losses of€ 108.5m. The 2011 net income was € 7.48m.
Consequently, Hypo Alpe Adria Bank AG announces that the conditions have been met for coupon payments on two profit-based supplementary capital instruments, which are solely adjusted to the 2011 financial statement.
Furthermore, an additional interest…
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