|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 Group's strategic business sectors are banking and leasing. HGAA serves over 1.2 million customers in 12 countries through a network of about 320 branches in Austria, Bulgaria, Croatia, Italy, Serbia, Germany, Slovenia, Bosnia and Herzegovina, Montenegro, Ukraine, Hungary and Macedonia. The principal company of Hypo Group Alpe Adria is Hypo Alpe-Adria-Bank International AG with head office in Klagenfurt. In May 2007, the BayernLB bought 50% plus one share of HGAA for 1.63 billion Euros. 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 31 December 2009, HAAB reported total consolidated assets of €41.1 billion. Hypo Alpe-Adria-Bank (HAAB) was founded in 1896 as Kärntner Landes-Hypothekenanstalt (Carinthian provincial mortgage bank) and today employs over 7,000 people.
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.
Hypo Alpe‐Adria‐Bank International AG (Group)
|Total assets||EUR 33.804 B (31.12.2012)|
|Customer loans||EUR 24.402 B (31.12.2012)|
|Customer deposits||EUR 8.406 B (31.12.2012)|
|Products||Commercial banking, Investment banking, Leasing,
Head office address:
Alpen-Adria Platz 1
Phone: +43 (0) 50202-0
Fax: +43 (0) 50202-3000