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Gottwald Kranebitter
Austria: Hypo Group Looking for New CRO
Deputy CEO and chief risk officer of Hypo Group Wolfgang Edelmüller will resign as of the end of February.
January 10, 2014
Austria: New CEO for Hypo Group Alpe Adria
The search for a new CEO for Hypo Group has ended. On Friday the bank has found a new head of the management board since the position was vacant after Gottwald Kranebitter’s resignation this summer.
December 20, 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
Austria: Kranebitter to Leave Hypo Group
After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.
August 19, 2013
Austria: Speculations About Kranebitter’s Sucessor
It is still unclear who will become new CEO of ailing bank Hypo Group. Gottwald Kranebitter will resign in mid-August.
July 12, 2013
EU Commissioner Open for Extension of Deadline for Hypo Group
EU Competition Commissioner Joaquin Almunia presented himself open to the extension of the winding-down of Hypo Group.
July 3, 2013
Fekter: Kranebitter „Weary of Office“
Hypo CEO Kranebitter resigns and settles a score with the Finance Ministry in an open letter. He decided to step back after three and a half years because “major parts of the work were damaged”.
July 3, 2013
Hypo Group: CEO Kranebitter Steps Back
Kranebitter announced to stay until the half-year accounts are published. On Monday it became known that the ailing bank will in all likelihood require more state aid than planned.
July 2, 2013
Austria: Hypo Alpe Adria Group and Anadi Financial Holdings Pte. Ltd. Signed Deal
After a successful restructuring of the bank the signing is an important step towards the privatization of the banking institute.
May 31, 2013
Selling of Hypo Group Would Cost Austria Dearly
The selling of Hypo Group would cost the Austrian state around € 16bn.
April 29, 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 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
Hypo Group: Supervisory Board Wants Bad Bank
Johannes Ditz, chairman of Hypo Group´s supervisory board thinks that the bank will need even more time to scale-down its risky assets.
December 22, 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
Hypo Group Expects Enormous Challenges
„Next year will be very difficult.“ CEO Gottwald Kranebitter says in an interview with “WirtschaftsBlatt”.
December 10, 2012
Hypo Group´s Capital Shortfall at € 2.2bn
Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.
September 6, 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
Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn
The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn
May 21, 2012
Hypo Group to Cut Jobs
The Austrian Hypo Group Alpe Adria continues its downsizing program. 800 employees will be laid-off.
February 1, 2012
Hypo Group´s Result „Close to Zero“
CEO Gottwald Kranebitter announced that Hypo Group Alpe Adria could reduce its losses significantly in 2011.
January 30, 2012
Hypo Group to Sell Interests in SEE Earlier
Due to the equity regulations, the Austrian bank prefers to sell its business in South Eastern Europe instead of the Italian and Austrian subsidiary.
December 19, 2011
Hypo Group: „Need Time, not Cash“
Gottwald Kranebitter, CEO of the Austrian nationalized Hypo Group emphasizes the independence from further state capital.
October 18, 2011
Hypo Alpe Adria Needs More Time to Build Up Capital
The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.
September 29, 2011
Hypo Alpe Adria Sells Off German Biogas Plants
The Austrian nationalized bank pulls out of the biogas sector. Sale of its plants in Austria is planned for the second half of 2011.
August 2, 2011
Hypo Alpe Adria Sells Schlosshotel Velden
The Austrian bank signed a purchase agreement with Amisola Immobilien AG. Falkensteiner Michaeler Tourism Group will take over management of the hotel.
July 29, 2011
Hypo Alpe Adria to Sell its Italian Subsidiary
The Carinthian bank intends to divest its operations in the neighboring country. The subsidiary achieved a profit of € 10.82m in 2010.
June 1, 2011
Hypo-Group Restructuring to be Completed by 2012
The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.
March 31, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Hypo Group: Non-Performing Loans for € 8.5bn
The Hypo Group nationalized by the Austrian government is still deep in the red. The bank will be profitable as of 2012.
January 29, 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
Massive Lay Offs at Hypo Group
The still ailing Carinthian bank restructures the leasing division. 500 jobs are being cut.
November 30, 2010
Hypo Alpe Adria: Involvement in Southeastern Europe to be maintained
The Carinthian bank intends to continue operating in the Balkans. The active involvement is justified because the region is the one with most significant growth in Europe and Hypo has the status of a systemically important bank.
November 10, 2010
Hypo-Group Changes Board of Austrian Subsidiary
Hypo Alpe Adria makes new appointments to the Executive Board of the Austrian banking subsidiary Hypo Alpe-Adria-Bank AG.
November 2, 2010
Hypo Proceedings: New Revelations
Both sensitive data and risk and control instruments were handled negligently.
November 2, 2010
Hypo Group: Dramatic Losses Expected for 2010
The bank has to downsize, and will therefore have to part with many assets, according to the chairman of the board. For 2012, prrofits are expected again.
October 27, 2010
HYPO Group: Further Liabilities Necessary?
The Carinthian HYPO Group would suffer massive losses should it sell its real estate in the Balkans. Due to the write-offs, new liabilities of the Republic might be required.
October 25, 2010
Hypo: 700,000 € go from Berlin to KPMG
The auditing firm, formerly headed by the current Hypo-boss Kranebitter, received more money than previously known.
September 13, 2010
Hypo Alpe-Adria-Bank - The new Group Press Officer
Dominic Köfner to take on the role of Group Press Officer for Hypo Alpe-Adria-Bank International AG (HGAA)
September 9, 2010
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