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BayernLB

Hypo Alleged of Having Hoarded Assets of Former Serbian Regime

A Serbian NGO suspects assets of former Serbian President Slobodan Milosevic at Hypo Group Alpe Adria. The Austrian bank strongly rejects this allegation.

December 6, 2013

Austria: Insolvency of Hypo Group Still an Option

Both the center of government and the Austrian National Bank (OeNB) reject Hypo Group’s bankruptcy. However, insolvency options are currently being assessed by the Finance Ministry and the Federal Law Office.

December 4, 2013

Hypo Investigations Could Last Several More Years

Yesterday the first court proceeding at the Regional Higher Court in Munich started. Investigations in Austria will take up to four years.

November 26, 2013

BayernLB Lodges Claim of Almost € 5bn

The value in dispute in the legal discussions between German BayernLB and fromer affiliate Hypo Group Alpe Adria runs up to almost € 5bn.

November 25, 2013

Hungary: Banks Penalized for Lobbying

The Hungarian competition authority GVH has imposed a penalty running in the millions on domestic and foreign banks.

November 20, 2013

BayernLB: “Hypo Not Willing to Pay“

Because of the legal dispute with Austrian problem bank Hypo Group Alpe Adria, former German parent company BayernLB announced not to increase its risk provision.

November 13, 2013

Germany: Proceedings against Take-Over of Hypo Group to Start

On Thursday the Higher Regional Court in Munich has decided to admit the prosecution against the take-over of Hypo Group Alpe Adria, which had earlier been rejected by the Regional Court as implausible.

October 28, 2013

Austria: Downsizing Models for Hypo

Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.

October 4, 2013

Further Nationalizations in Hungary?

In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.

September 23, 2013

EU Approves Hypo Group´s Restructuring Plan

The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.

September 2, 2013

Austrian Division of Hypo Alpe Adria Managed to Turn A Profit

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

August 20, 2013

Hypo Group and BayernLB Keep on Fighting

Hypo Group responds to the BayernLB’s lawfile at the Regional Court in Munich. Both banks will not give up their very hard stance.

June 26, 2013

Serracchiani: „Will Do Everything I Can“

In an interview with Austrian newspaper “Kleine Zeitung“ Debora Serracchiani, new regional president of the province Friuli in Italy announced to do everything so that Hypo Group Italy will survive.

June 11, 2013

Austria: Restructuring Plan for Hypo Group Threatened By Rejection

The restructuring plan of Austrian crisis-struck banking institute Hypo Group is threatened to be rejected by the EU Commission.

May 6, 2013

Hypo Group to Get a Bad Bank?

Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.

April 30, 2013

Hypo Group’s Silence Bewilders Bayern LB

Bayern LB is puzzled as to why former affiliate, Carithian Hypo Group, has not shown any efforts to state their position before court.

March 21, 2013

Austria: Hypo Group Still Sailing in Stormy Waters

Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.

March 12, 2013

Austria: Nationalizing Hypo Group Prevented BayernLB from Losses

EU Competition Commission pushes the Austrian government to shut down the loss-making Hypo Group.

March 11, 2013

Austria: Hypo Gets Additional € 700m From State

The EU threatens to close down Hypo Group because of the overdue restructuring measures.

March 9, 2013

Austria: Hypo Managing Board Warns of Losses

Hypo Group’s managers fear that selling the bank precipitately might lead to additional losses up to € 5bn for the bank and federal state.

March 7, 2013

BayernLB Rejects Settlement with Hypo Group

The German banking group and its former Austrian subsidiary do not reach a compromise. BayernLB wants Hypo Group to repay a loan of € 2.3bn.

March 2, 2013

Sharp Attack Against Hypo Group

The legal dispute between Austrian Hypo Group and German BayernLB escalates. The majority owner of BayernLB announced that Hypo Group´s lawsuit will be fought by all means.

December 15, 2012

Hypo Group Refuses to Repay Loans to BayernLB

Today, the management board and the shareholders of the Austrian nationalized bank resolved to stop payments to the former owner BayernLB. BayernLB files a lawsuit against Hypo Group.

December 13, 2012

Austria Wants to Unload Hypo Group

In 2009, BayernLB sold the financially stricken bank to the Austrian state. Now, the Austrian Republic may appeal against the sale.

September 18, 2012

Hypo Group: Major Risk Factor for BayernLB

The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.

August 18, 2012

Austria is Liable for Hypo Group´s Major Loan

At the sale of Hypo Group by BayernLB in late 2009, BayernLB granted a loan of € 2.64bn. The Austrian state has issued a guarantee for this loan.

July 27, 2012

„Shotdown of Hypo Group Would Cost € 6.0bn“

The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.

June 15, 2012

Androsch Criticizes Hypo Group Purchase

In 2009, the Austrian state nationalized the financially stricken Hypo Group. Much time was wasted, the industrialist and Fimbag board member Hannes Androsch thinks.

May 30, 2012

Hypo Group May Need Further State Aid

The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.

May 23, 2012

Banking Industry As „Cash Cow“?

For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.

February 29, 2012

German Justice Puts Pressure on Former Hypo Group Executives

In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.

February 18, 2012

Hypo Group: € 3.0bn Debts at BayernLB

The nationalized Hypo Group is still massively indebted at its former holding company, the German BayernLB. The loan will be due by the end of 2013.

December 3, 2011

BayernLB Demands Rescission of Hypo-Deal

The German bank has taken action against the employee fund which is accused of having misled the management about Hypo’s equity base.

August 10, 2011

Charges against Former Board Members of BayernLB

Accusations relating to the acquisition of the Austrian Hypo Group: breach of duty, embezzlement of bank funds.

June 3, 2011

Hypo Group Purchase by BayernLB was "unrealistic"

The former chairman of BayernLB’s Supervisory Board said that the bank cheated itself on the purchase of the Hypo Group.

January 20, 2011

The Hypo Group and its Consultants

In the months before and after the emergency nationalization of the Austrian Hypo Group, the Bank paid rich consulting fees despite all turbulences.

January 18, 2011

New Controversy over the Hypo Group

According to the investigators, there would be no connection between the Austrian bank and Gribkowsky, the former member of the board of BayernLB

January 10, 2011

Suspicion on Money-Laundering at Hypo Group

Money transfers between the Carinthian Bank, Switzerland, Liechtenstein and the Caribbean are currently being checked extensively by the judiciary.

January 7, 2011

Former Member of the Board of BayernLB Arrested

Gerhard Gribkowsky, whose foundation in Austria was concealed to the German judiciary and is now known, is in custody

January 5, 2011

Hypo Group: Little Enlightment Expected from Grasser and Berlin

The Chairman of the Inquiry Committee on the Hypo Group expects little gain of information by the summons of Karl-Heinz Grasser and Tilo Berlin.

January 4, 2011

Secret Foundation of BayernLB in Austria

In the hearings on the purchase of Austria's Hypo Group, a former Member of the Board of BayernLB concealed the existence of a foundation in Austria.

January 3, 2011

Hypo Group: Sanader Denies Payments of Commissions

The former Croatian Prime Minister Ivo Sanader, questioned in Salzburg, denies having ever received money from the Hypo Group.

December 22, 2010

Bavaria: "Hypo-Sale was Correct"

The issue Hypo Alpe Adria preoccupies not only the Austrian justice: Bavaria's Prime Minister Horst Seehofer defended the sale to Austria.

December 8, 2010

Hypo Group: Motives for Purchase of BayernLB Unexplained

In 2007, when the Carinthian Hypo Group Alpe Adria was sold to the BayernLB, there were many critical technical opinions. The Bavarians bought despite them.

December 5, 2010

Hypo-Group: Bavarian Lawsuit Against Carinthia

The balance sheet of the Hypo Group -nationalized in 2009- was artificially inflated, according to the accusation from Bavaria.

October 18, 2010

Strabag renews € 2 billion syndicated surety loan

Strabag SE has concluded the renewal of a syndicated surety loan (SynLoan) with a consortium of 17 international banks led by Deutsche Bank and Raiffeisen Bank International (RBI).

October 13, 2010

BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia

After the debacle of the Hypo Group Alpe Adria (HGAA), the Bayerische Landesbank will have to wait up to 7 years for the repayment of the 3.9 billion euro. The repayment plan provides for this period.

September 28, 2010
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