Alpincenter Hamburg-Wittenburg sold
Hypo Alpe-Adria-Bank International AG is pleased to announce that its investment alpincenter Hamburg-Wittenburg has been sold to a renowned purchaser. The new owner is the Van der Valk tourism and hotel group. It was agreed that the amount of the purchase price is not to be disclosed.
Communique Supervisory Board
“The new senior management team has identified the bank’s problem areas and, in just a few months, has taken decisive steps to rectify them and follow up on initial actions.” This was the résumé of the Chairman of the Supervisory Board of Hypo Group Alpe Adria (HGAA), Dr. Johannes Ditz, and the Deputy Chairman of the HGAA Supervisory Board, Dr. Rudolf Scholten, on Friday evening following the regular Supervisory Board meeting in Klagenfurt.
Vienna Economic Forum 2010
Hypo Alpe Adria still remains an active driving force for the economic development and convergence of the economies in South Eastern Europe. That was the clear statement of Dr. Gottwald Kranebitter, Managing Director of Hypo Alpe Adria, on the occasion of his speech during the two-days economic congress „7th Vienna Economic Forum“.
Sale of golf courses
Hypo Alpe-Adria-Bank International AG has successfully completed the sale of the Carinthian golf courses in Seltenheim and Finkenstein. In the course of a transparent procedure, Hypo Alpe Adria was able to sell the golf courses to the highest bidder. At the request of the new owner, the details of the sales contract are not to be disclosed.
Interim Results 2010
HGAA publishes 2010 half-year results: Group Management Board presents first milestones in re-orientation of the Hypo Group Alpe Adria.
Re-evaluation of credit risks
The new management board of Hypo Group Alpe Adria (HGAA) has analyzed and re-evaluated the group’s credit portfolio. Conclusion: Restructuring is on track.
EUR 600 m capital increase
Bank issues EUR 450 million’s worth of participation certificates to the Federal Republic of Austria, the State of Carinthia subscribes to EUR 150 million’s worth.
Rainer Sicher new COO and CMO
A top executive with many years of banking experience in the CEE/SEE regions has been appointed Chief Operations and Markets Officer for Hypo Group Alpe Adria. Sichert will be responsible for market operations as well as for organisation, IT and procurement within the Group.
Annual Report 2009
2009 – A very difficult year in an economic environment that continues to be highly demanding. Reduction of total assets by 5%, from EUR 43.3 billion to EUR 41.1 billion. This fall is in particular due to a reduction in new business and increased risk provisions.
New Management Board
Gottwald Kranebitter succeeds Franz Pinkl as Chairman of the Executive Board of Hypo Alpe-Adria-Bank International AG. The Executive Board will be reduced in size, from 5 members down to 4. Wolfgang Edelmüller has been recruited as Vice Chairman of the Executive Board and Chief Risk Officer. Johannes Proksch will in future be responsible for the group’s finances. The Chief Operating Officer position will be filled at a later point.