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Hypo Tirol

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

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

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

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

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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