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Hypo Group Alpe Adria

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

Austria: Commission Wants Roadmap to Hypo’s Future

The EU Commission wants the Austrian government to announce the next steps for Hypo Group until the end of this month.

May 2, 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

Selling of Hypo Group Would Cost Austria Dearly

The selling of Hypo Group would cost the Austrian state around € 16bn.

April 29, 2013

„Slovenia Can Manage On Its Own“

In an interview with Austrian newspaper Kurier, President of the Slovenian Bankers Association France Arhar stresses that Slovenia is not the new Cyprus.

April 29, 2013

Austria: Hypo Group to Come Under Fire

Pressure from Brussel grows for a fast selling of Hypo Group.

April 16, 2013

Concern About Hypo Group in Friuli

MEP Serracchiani has requested to get involved in the current affairs.

April 8, 2013

Decisions About Hypo Group’s Future Still Pending

Finance Minister Maria Fekter has presented herself rather reserved after the meeting with EU Commissioner for Competition Joaquin Almunia.

April 5, 2013

Austria: Fekter Craving for Indulgence in Brussels

Austrian Finance Minister Fekter will be in Brussels on Friday to negotiate about the privatization of the nationalized-by –force Hypo Group.

April 4, 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

Hypo Shows Improved Results for CESEE and Austria

Hypo Group achieved a result close to break-even in 2012 with € 3.0m after tax. Total assets drop below € 34bn (2011: € 35.1bn). Net interest income drops y/y from € 753.3 m to EUR 678.4 m (almost 10 %).

March 19, 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: Negative Outlook for Banks

Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.

March 8, 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

Hypo Group: Sale of Austrian Unit „at a Late Stage”

According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.

February 16, 2013

„Selling Hypo Group Needs up to Five Years“

Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.

February 15, 2013

Size of Austrian Bank Aid: € 20bn

Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.

February 5, 2013

Alpine: Creditors Face Haircut

The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.

February 2, 2013

WIFO: „Shut Down Hypo Group“

The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.

December 27, 2012

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

RZB: „Hypo Group Is No Issue“

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) will not bid for Hypo Group´s subsidiaries.

December 21, 2012

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

Austrian Banking Package: Losses total € 1.9bn

According to Austria´s Financial State Secretary Andreas Schieder, preliminary losses of the banking package come at € 1.9bn. Further losses are expected.

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: Deadline Expires

Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.

December 7, 2012

EU Approves State Aid for Hypo Group

The EU Commission has no objections against the state aid with a size of € 1.5bn.

December 5, 2012

Hypo Group Sold AluFlexPack to MTC

After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.

November 30, 2012

Austrians Reject Further Bank Aids

About 61% of the Austrian citizens are against further bank aids by the Austrian state. Economists fear that the bank aids are lost forever.

November 28, 2012

Austria´s Budget Deficit to Decrease Slightly

Today, the Austrian National Assembly has resolved the budget for 2013. This year, Austria will not fulfill the Maastricht Criteria.

November 16, 2012

Hypo Group: Cash Contributions Come at € 500m

The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.

November 14, 2012

Hypo Group Starts Selling Business in SEE

The nationalized Austrian banking group has to downsize drastically. Today, Hypo Group started to put the subsidiaries in Southeastern Europe for sale.

November 6, 2012

Hybrid Bond for Hypo Group

In order to cover the capital shortfall of Hypo Group, the Austrian state may inject € 500m into the nationalized bank. Furthermore, the bank plans to issue bonds worth € 1.0bn.

November 3, 2012

FMA: „Austria is Open to Blackmail by Banks”

Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.

October 23, 2012

Austrian Tax Quota to Increase

Austria´s Finance Minister Maria Fekter expects a higher tax intake in 2013. Next year, the tax quota will grow slightly to 43%. In order to prevent further expenses, Fekter rejects creating bad banks.

October 20, 2012

Austria to Violate Maastricht Criteria in 2012

This year, the Austria budget deficit will not be below the 3.0% threshold. This is mainly due to the banking package.

October 15, 2012

Hypo Group: Difficult Negotiations with Austrian State

The nationalized banking group urgently needs a capital injection. This year, the capital shortfall will be reduced by € 1.5bn.

October 9, 2012

Banking Package: Austrian Opposition Criticizes Government Sharply

Today, the Austrian Audit Court explained that costs may reach up to € 4.8bn.

September 26, 2012

Hypo Group: Problems in Italy

The Austrian banking group, which was nationalized in 2009, must downsize. The sale of the Italian subsidiary proves difficult, however.

September 25, 2012

Costs of Austrian Banking Package: € 2.36bn

Since 2008, the Austrian government has resolved rescue packages worth € 21bn. Expenses totaled € 4.169bn, revenues reached € 1.814bn.

September 19, 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 Cuts Jobs in Italy

The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.

September 13, 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

Hypo Group Reduced Capital at Croatian Subsidiary

The Austrian nationalized bank cut the stock capital of the Croatian subsidiary by € 100m.

September 3, 2012

Capital Shortfall at Hypo Group up to € 2.0bn

OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.

September 1, 2012

Fekter Does Not Exclude Further Bank Aids Anymore

Austria´s Finance Minister Maria Fekter admits that the three nationalized banks Hypo Group and Kommunalkredit/KA Finanz may need further capital injections. In the past, Fekter denied the need of further bank aids.

August 23, 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
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