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Hypo Group Alpe Adria

Croatia: Foreign Currency Loans No Danger for Banks

About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.

August 5, 2013

Bad Bank for Hypo Group?

According to market rumors, Austria´s government wants domestic banks to participate in a bad bank for the nationalized Hypo Group. Finance Minister Maria Fekter denies such reports.

August 5, 2013

Moody’s to Examine Hypo Pfandbriefe

The Aa2-Rating of Pfandbriefe of Hypo Group without governmental guarantee are under observation. This is because of the insecurity of the final decision of the EU Commission about the restructuring plan.

August 1, 2013

Hypo Group: Massive Losses in Italy

The Italian affiliate of Austrian problem bank Hypo Alpe Adria has notched up considerable losses.

July 25, 2013

Hypo Group: Current Capital Injection Not Enough

Klaus Liebscher, head of the supervisory board of the nationalized Austrian problem bank, thinks that the Ministry of Finance will have to inject further money.

July 23, 2013

Hypo Group Needs Even More Money

The nationalized Austrian bank needs fresh funds of more than € 700m. For the Austrian taxpayers, the banking package becomes more and more costly.

July 21, 2013

Austrian Banking Package: Major Burden for Taxpayers

In total, the banking package has caused costs of more than € 6.4bn. Austrian taxpayers must expect further costs.

July 19, 2013

Fekter: Horror Figures with Hypo’s Restructuring Plan.

The restructuring plan for Hypo Alpe Adria involves several scenarios, which Finance Minister Fekter does not want to mention. The “horror figures” tax payers are burded with are set up “in an apocalyptical way”, according to her.

July 15, 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

Fekter: Capital Aids for Hypo Included in Next Budgets

Finance Minister Maria Fekter sticks to it: „We will reach a zero deficit in 2016 and have a slight surplus in 2017,”she announced during the presentation of the economic report 2013 on Wednesday.

July 11, 2013

OeNB Favors Examination of Bad Bank for Hypo

The Austrian National Bank (OeNB) has, according to Govenor Ewald Nowotny, requested to examine models for the establishing of a bad bank for Hypo Group. This was announced by Nowotny on Monday

July 8, 2013

Hypo: Greens vs. Fekter

The debate about a Hypo Group has turned out a genuine match between deputy chief of the Austrian Green Party Werner Kogler and Finance Minister Fekter.

July 4, 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

Hypo Group: CESEE Units to be Sold Until Mid-2015

The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.

July 1, 2013

Hypo Group: Government Hopes For Expansion of Deadline

The restructuring plan for Hypo Group has been handed in to Brussels. It is still unclear whether the deadline will be expanded.

July 1, 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

Hypo Group: Commisson Against Extension of Deadline

Austria will in all probability not be granted an extension of the deadline for the winding down of Hypo Alpe Adria. This was announced by EU Competition Commissioner Joaquin Almunia

June 26, 2013

Raids at Hypo Group in Italy

Because of suspicions of tax fraud Hypo Group’s affiliate in Udine was searched by the Italian police.

June 25, 2013

Austria: Investigations on Loan to Alpine

Apparently ailing bank Hypo Group plays a role in the bankruptcy of Austrian construction company Alpine. The bank is supposed to have granted a bridge loan.

June 21, 2013

Hypo: Deal with Russian Oligarch with “Proper Mortgage”

The investigations into money laundering at the Federal Criminal Office concerning the business with Russian oligarch Vladimir Antonov were brought to an end without any results. There were no arms among the securities.

June 20, 2013

Hypo Group: Business With Russian Oligarch

Austrian magazine „News“ unveils a remarkable business connection of Hypo Group from 2008.

June 19, 2013

Fekter: „Bad Bank for Hypo Not The Most Creative Solution“

The Austrian Greens affirm their demand for the establishing of a bad bank for the ailing Hypo Group and a respective bill.

June 12, 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

Fekter: The North Feeds The South

Finance Minister Fekter compares the situation in Europe with the economic circumstances in Italy.

June 11, 2013

Hypo Group: Fekter Under Pressure

Finance Minister Fekter is put under pressure by Austrian Green Party to establish a bad bank for Hypo Group.

June 10, 2013

Austria: Liebscher as Chairman of Hypo Group’s Supervisory Board

Liebscher is to take over Ditz’ position after the meeting of bodies on June 21.

June 5, 2013

Hypo Group: Possible Deductions from Selling Price

The new British-Indian Owner of Hypo Group is to pay only € 32m for the time being.

June 5, 2013

Hypo Group: Italian Affilate Not to be Closed

The nationalized Carinthian bank has no plans of shutting down its Italien affiliate.

June 4, 2013

Austria: Finance Ministry Regrets Ditz’ Withdrawal

Johannes Ditz, chairman of Hypo Group’s suvervisory board, announced his withdrawal yesterday.

June 4, 2013

Hypo: Ditz to Resign

Chairman of Hypo Group’s supervising board Johannes Ditz might soon resign, according to media reports.

June 3, 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

Erste Group Claimed of Being Interested in Croatian Banks

There are rumors of the taking over of Hypo Croatia and HPB. However, the banks deny the speculations.

May 29, 2013

Hypo Group to Sell Austrian Affiliate

On Friday the deal of nationalized Hypo Bank’s Austrian affiliate will finally be sealed. Indian Srei Group will become the new owner in all likelyhood. The company will pay € 60m to € 70m.

May 29, 2013

Austria: Faymann Proposes Extension of Bank Levy

Not only the federation and taxpayers should avow for the losses at Hypo Group. This week the restructuring plan has to be handed to the EU Commission.

May 27, 2013

Austria: Faymann Positive About Extension for Hypo Group

Chancellor Werner Faymann presented himself restrained yet confident about the extension granted by the Commission regarding the deadline for the winding-down of Hypo Alpe Adria Group.

May 24, 2013

Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now

The Governor of Austrian’s National Bank confirms that the result for the ailing Hypo Group will not be “good” due to the losses that have amounted over the past years.

May 23, 2013

Srei Group to Offer € 65.6m for Hypo

The Indian Srei Group offers € 65.5m for Austrian Hypo affiliate.

May 22, 2013

Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“

In the margin of the Council of Ministers, Finance Minister Maria Fekter announced that Austria will hand in the new restructuring plan for Hypo Alpe Adria Group to the EU Commission in the coming days.

May 21, 2013

Austria: Preliminary Results on Hypo Group Expected Next Week

Hypo Group’s task force, appointed by the government, will present the preliminary corner marks next week.

May 17, 2013

Hypo to Require € 1bn This Year

The ailing banking institute Hypo Group in the province of Carinthia will need € 1bn. On Friday, the managing board of Hypo Group will present a restructuring plan to the Finance Minister.

May 17, 2013

Austria: New Bidder for Hypo Group

Apart from Indian Srei Group, a new interested party has entered the match for the ailing banking institute.

May 16, 2013

Austrian Government Desperate to Sell Hypo Group

Without an agreement for a new plan and without more time for the selling of the Eastern affiliates, the crisis-struck banking institute Hypo Alpe Adria Group will not be able to make up the balances anymore, according to Austrian newspaper Presse.

May 16, 2013

Austria: OeNB Positive About Hypo’s Future

Issuing Bank Director Ittner is confident that it will not come to a liquidation of the ailing banking institute.

May 14, 2013

Indian Srei Group to Acquire Austrian Hypo?

Austria is looking for a buyer for the domestic Hypo affiliates. Indian Srei Group seems to have good chances.

May 13, 2013

Austria: Domestic Banks Reject Taking Over Hypo Group

The task force, appointed for Hypo Alpe Adria Group by the government, held a meeting again today. It is only two more weeks until the suggestions have to be presented to Brussels. Domestic banks reject participating in a bad bank.

May 13, 2013

Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy

Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.

May 10, 2013

Maria Fekter: Hot-Tempered Lady At the Fireplace

Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.

May 8, 2013

Austria: Task Force for Hypo Group

The Austrian government is going to establish a task force for the nationalized by force problem bank Hypo Alpe Adria Group.

May 8, 2013
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