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Hypo Group Alpe Adria
Croatia: Privatization of HPB Fails
The privatization of the Croat Postal Bank (HPB) has failed for the time being. For the potential buyers, HPB is too risky.
December 13, 2013
Positive Respond to Slovenian Bank Recapitalization Plans
The European Bank for Reconstruction and Development responds positively to the results of the asset quality review of Slovenian banks and the corresponding plans of the government.
December 13, 2013
Capital Injection for Hypo Group Approved
In the general assembley of Hypo Group the path was cleared for a further capital injection in the amount of € 800m.
December 13, 2013
Slovenia Pushes Forward with Privatizations
In spite of the capital shortfall of € 4.78bn of the banks in Slovenia, the bank stress test was passed by the financial institutes.
December 13, 2013
Austria: Hypo Group Insolvency Best Solution for Taxpayers
According to consulting agency Oliver Wyman, an insolvency of ailing bank Hypo Group would be the most favorable option for taxpayers as instead of domestic banks foreign banking institutes will be burdened.
December 12, 2013
Slovenian Banks Exhibit Capital Gap of Almost € 5bn
The capital gap of Slovenian banks comes at a total of 4.78bn, according to the stress test published today.
December 12, 2013
Austria: Nowotny Reiterates Statement
Ewald Nowotny, governor of the Austrian National Bank (OeNB), reiterated his view on Hypo Group.
December 11, 2013
Hypo Group Alpe Adria to Receive Next Capital Injection
On Friday the ailing bank is expected to receive fresh money again in association with the extraordinary general meeting.
December 11, 2013
Hypo Group Alpe Adria: Liebscher Against Haircut
Klaus Liebscher, chairman of Hypo Group’s supervisory board, is strictly against a debt cut at the nationalized bank. He expects a decision about a bad bank only in the first quarter next year.
December 10, 2013
EU Demands € 55bn for Banking Union
The Finance Ministers of the European Union are still negotiating about a mechanism aimed at preventing states from having to take over financial difficulties from banks, the banking union.
December 9, 2013
Austrian Banking Sector: € 35bn NPL
Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.
December 9, 2013
Sale of Hypo Group: Small Number of Potential Buyers
In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.
December 7, 2013
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
Slovenia: Bank Stress Test Results Expected Earlier
According to a source within the European Union, the test results of the asset review of Slovenian banks will be published on December 12.
December 6, 2013
Slovenia: National Bank Rejects Rumors
The Slovenian National Bank has reacted to the increasing number of reports on the possible result of the stress tests at eight Slovenian Banks.
December 5, 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
Austria: Government Rules Out Hypo Group’s Insolvency
Chancellor Faymann referred to incalculable economic and political consequential effects due to the liabilities assumed by Hypo Group Alpe Adria.
December 3, 2013
Bratusek: Slovenia Will Manage Bank Rescue
According to Prime Minister Bratusek, Slovenia will manage the bank rescue on its own.
December 3, 2013
„We Can Exclude a Bankruptcy of Hypo Group”
Ewald Nowotny, governor of the Austrian National Bank (OeNB) and Klaus Liebscher, head of Hypo Group´s supervisory board argue that the nationalized bank will be downsized according to plan.
November 29, 2013
Croatia: HNB Pushes Credits
According to reports by Reuters, the Croatian National Bank (HNB) intends to issue HRK 4bn (US-$ 707m) to support credits. Further details will be published by the Central Bank later this week.
November 27, 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
Slovenia: Stress Tests Result Published on December 13
Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.
November 23, 2013
Fresh Money for Hypo Group Alpe Adria
The nationalized Austrian bank receives € 1.05bn from the Austrian Ministry of Finance.
November 22, 2013
Austria: Cernko Favors Participation in Bad Bank
CEO of Bank Austria Willibald Cernko is in favor of Austrian banks participating in a bad bank for Hypo Group Alpe Adria.
November 21, 2013
Hypo Group: Investors Claim Refunds
A group of aggrieved investors in Hypo Group Alpe Adria files claims for damages. These so-called small investors provided amounts from € 30,000 to € 300,000 and feel disadvantaged compared to bigger investors.
November 20, 2013
„Not Enough Bank Insolvencies“
Andrea Enria, head of the European Banking Authority (EBA), claims that the banking landscape did not change sufficiently.
November 18, 2013
RBI Approves Participation in Bad Bank for Hypo
CEO of RBI Sevelda expects Austrian government to set a time limit for bank levies until the end of 2016.
November 18, 2013
Nowotny: Economic Recovery not as Strong as Expected
According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), indicators point toward a slow recovery in the next quarters.
November 18, 2013
“Bank Aid for Hypo Group Is too Late“
The Austrian economist Franz Hahn argues that capital injections into Hypo Group Alpe Adria are ineffective.
November 16, 2013
Hypo Bad Bank Not to be Established Before 2014
Insiders do not expect the downsizing unit for state-owned Hypo Group Alpe Adria to be established before 2014.
November 15, 2013
Austria: Fekter Indicates Resignation
Even before the general elections in September rumors were circling around about Finance Minister Maria Fekter’s withdawal from her position.
November 14, 2013
Austria: Bad Bank For Hypo As Good As Guaranteed.
Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.
November 14, 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
Austria: Downsizing Options for Hypo Group under Discussion
In the discussion about establishing a downsizing unit for ailing bank Hypo Group Alpe Adria, several possibilities are taken into account.
November 12, 2013
Austria: Hypo Group Reason for Major Budget Gap
The ailing bank is a major cause for the massive Austrian budget deficit increase. According to reports, up to € 1.3bn will be required even this year.
November 11, 2013
Hypo Group: Urgent Need for Fresh Money
The ailing nationalized bank Austrian Hypo Group Alpe Adria has a capital shortfall of € 1.3bn. The gap must be closed before the end of the year.
November 11, 2013
Austrian Banks Forced to Prepare in Case of Bankruptcy
From 2014 on, the Austrian Banks are required to start planning the emergency scenario in case of a liquidation in order to be able and react more quickly.
November 7, 2013
Slovenia: Ten Banks under Stress Test
In addition to the country’s three major banks, NLB, NKBM and Abanka Vipa, seven other banks are concerned by the bank stress test.
November 7, 2013
Leitl Rejects Further Bank Taxes
Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.
November 6, 2013
Austria: New Austerity Package to Come?
Austrian economists expect that the new government will draft another austerity package. Otherwise the fiscal objectives will not be achieved.
November 6, 2013
Banking Sector: Difficulties in Croatia Ahead
In order to protect indebted home-owners, the Croat parliament will resolve a new bank act. Like in Hungary, foreign-exchange-based mortgage should be converted at the expense of banks.
November 6, 2013
Hypo Group: Restraining Effect on Budget Consolidation
According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.
November 5, 2013
Number of Banks Shrinks Substantially
Since 2008, about 10% of the banks had to be closed in the Eurozone. In the last five years, 16,200 bank shops were shut down. In Austria, the situation is almost the same.
November 5, 2013
Austrian Banks Demand Cut in Bank Levy
Major banks in Austria demand tax reliefs in return for a participation in Hypo Group Alpe Adria’s bad bank.
November 5, 2013
Austria: Liquidation No Option for Hypo Group
Nationalized-by force Hypo Group Alpe Adria, which is struggling under liabilities running in the billions, will not be closed. OeNB rejects rumors about establishing a bad bank
November 4, 2013
Banks Jeopardize Austrian Triple-A Rating
In case further aids will become imminent, Austria could lose its rating.
October 31, 2013
“Property Tax Cannot Finance Wage Tax Cut”
Bernhard Felderer, head of the Austrian public debt committee, stresses that the Austrian government must reduce the public debt level as soon as possible.
October 31, 2013
Hypo Group to be Renamed after Sale
After the closing of the sale future owner of Hypo Group Alpe Adria Sanjeev Kanoria from the UK with Indian origins intends to rename Hypo Group.
October 31, 2013
Austrian Banking Sector: NPL at Eurozone´s Top
In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.
October 30, 2013
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