|Hypo Alpe Adria HQ|
The Hypo Group Alpe Adria (HGAA) is an Austrian banking group but its franchise spans the major banking markets of South Eastern Europe. The principal company of Hypo Group Alpe Adria is Hypo Alpe-Adria-Bank International AG with head office in Klagenfurt. The Group's strategic business sectors are banking and leasing. HGAA serves over 1.2 million customers, including small and medium-sized enterprises, private customers and local authorities, through a network of about 300 branches in Austria, Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro. In May 2007, the BayernLB bought 50% plus one share of HGAA for €1.63 billion. In December 2008, HGAA received a €900 million capital injection from the Republic of Austria as part of the government’s support package for the country’s financial sector. In December 2009, BayernLB, Kärntner Landesholding and Grazer Wechselseitige Versicherung sold their stakes in the HGAA to Austrian government for one Euro. Hypo Group Alpe Adria was nationalised by the Austrian government to avert a bank collapse. As of June 30, 2014, Hypo Alpe‐Adria‐Bank reported total consolidated assets of €25.2 billion. The company was founded in 1896 as Kärntner Landes-Hypothekenanstalt (Carinthian provincial mortgage bank) and today employs over 6,000 people.
Hypo Alpe‐Adria‐Bank International AG (Group)
|Total assets||EUR 25,153 B (6/2014)|
|Customer loans||EUR 17.807 B (6/2014)|
|Customer deposits||EUR 5.720 B (6/2014)|
|Products||Commercial banking, Investment banking, Leasing,
July 17, 2015
Hypo Group Alpe Adria was acquired by Advent International and EBRD
Advent International, one of the largest private equity investors, and EBRD (European Bank for Reconstruction and Development) have closed the acquisition of Hypo Group Alpe Adria AG with its SEE Network (Southeast Europe banking network) from Heta Asset Resolution, the wind down asset of the former Hypo Alpe Adria bank owned by the Republic of Austria.
December 14, 2009
The Austrian government has nationalised Hypo Group Alpe Adria
The Austrian government has nationalised Hypo Group Alpe Adria (HGAA), the country's sixth largest bank, to save it from bankruptcy, Finance Minister Josef Proell said. German bank BayernLB said it will sell its 67.08% stake in Hypo Group to Austria for the symbolic sum of 1 euro. The German bank also said it was helping to secure the liquidity of Hypo Group and that it would waive 825 million euros ($1.21 billion) in claims from Hypo Alpe Adria. Bavarian State Minister Georg Fahrenschoen said in a statement the transaction was necessary to stabilize a systemically important bank.
Head office address:
Alpen-Adria Platz 1
Klagenfurt 9020, Austria
Phone: +43 (0) 50232 - 0
Fax: +43 (0) 50232 72 - 3000