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Hypo Tirol
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Downsizing Program at Hypo Tirol
After the major losses in 2011, the Austrian regional bank is obliged to withdraw from Germany, Switzerland and Italy.
May 19, 2012
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High Losses at Hypo Tirol
The Austrian regional bank suffered high write-offs due to Italian non-performing loans. Pre-tax losses totaled € 107m.
May 1, 2012
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Hypo Tirol: NPL Quota at 37%
The Tyrolean regional bank recorded losses of € 125m last year. The owner, the province of Tyrol has to inject further capital.
April 16, 2012
Hypo Tirol Withdraws from Italy
The Tyrolean regional bank decided in favor of a downsizing strategy. The Italian market should be served through Innsbruck.
February 23, 2012
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Tyrol Equity Takes Over German RSN Sihn
The Austrian investment company acquired 50.1% in the German automotive supplier company RSN Sihn.
January 2, 2012
Hypo Tirol: Cut in Lending Prevented
Without the capital increase by the province of Tyrol, the bank would have been forced to cut its lending activities drastically.
December 27, 2011
€ 230m Capital Increase at Hypo Tirol
The province of Tyrol, the owner of Hypo Tirol, decided to strengthen the bank´s capital base. From where the funds will be provided, is not clear yet.
December 12, 2011
Hypo Tirol Needs Capital Increase
The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.
December 7, 2011
Further Write-Offs at Hypo Tirol Possible
The Tyrolean bank could make further write-offs in 2012. Non-performing loans of € 30m in Italy are still in the books.
December 5, 2011
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Hypo Tirol Expects Loss of € 110m
The Austrian regional bank’s result will be impacted by major write-downs of non-performing loans in Italy.
December 2, 2011
Hypo Tirol Continues Restructuring Process
The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.
April 27, 2011
Hypo Tirol Regroups
The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.
November 16, 2010
Markus Jochum as new CEO of Hypo Tirol
Markus Jochum, currently CEO of the Tiroler Sparkasse (TISPA), was unanimously elected as the new CEO by the Supervisory Board of Hypo Tirol.
June 21, 2010
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