Appointment of the Executive Board Chairmanship
Hypo Alpe-Adria-Bank International AG announces that at today’s Meeting of the Supervisory Board Dr. Alexander Picker was appointed Chair of the Executive Board of the Bank. The new CEO will take up office on January 1, 2014, under a contract that has been concluded for a period of three years.
Closing of the sale of Hypo Alpe-Adria-Bank AG
In Vienna, on today’s date, Hypo Alpe-Adria-Bank International AG and Anadi Financial Holdings Pte. Ltd. closed the sale of all of the shares in Hypo Alpe-Adria-Bank AG.
Issuance of participation capital
As indicated in the ad-hoc release of 10 December 2013, Hypo Alpe-Adria-Bank International AG announces that the General Meeting held today has authorised the Executive Board of the Bank to issue participation capital up to the nominal amount of EUR 800 million for acquisition by the Republic of Austria.
Calling of a General Meeting of Shareholders
Further to the releases issued on 8, 22 and 29 November 2013, the bank hereby announces that a General Meeting of Shareholders is going to be called for 13 December 2013. The subject of the resolution to be adopted at that Meeting is the authorisation of the Executive Board to issue participation capital up to a nominal amount of EUR 800 million for acquisition by the Republic of Austria.
Measures to ensure regulatory capital adequacy
With reference to its ad-hoc release of 8 November 2013, Hypo Alpe-Adria-Bank International AG calls attention to the fact that a shortfall in the bank’s regulatory capital cannot be excluded at the present time and therefore announces that in order to ensure observance of the legal requirements concerning capital adequacy and limits on large exposures under the European Commission’s state aid decision of 3 September 2013 for the current calendar year appropriate capital strengthening measures totalling EUR 1,050 million will be taken.
Measures to retain regulatory capital requirements
Hypo Alpe-Adria-Bank International AG states that on the basis of current projections concerning the bank’s equity situation, and in view of expectations regarding the 2013 annual financial statements, it has to be assumed that the requirements regarding regulatory capital adequacy, and limits on large exposures can no longer be met by the end of November 2013.
In the light of this situation Hypo Alpe-Adria-Bank International AG is in final talks with its owner the Republic of Austria to obtain necessary decisions on measures, which secure the compliance with regulatory capital requirements and limits on large exposures in the short term, and within the framework of the European Commission’s ruling dated 3. September 2013.
04.09. - EU state aid proceedings
Following the announcement by the European Commission in its press release no. IP/13/811 dated 3 September 2013 that the state aid procedure SA.32554 (2009/C) relating to Hypo Alpe-Adria-Bank International AG has come to a positive conclusion, the bank announces that it has been informed of the content of the decision by its owner, the Republic of Austria on 4 September 2013.
2013 interim result
Impact on capital requirements for Hypo Alpe-Adria-Bank International AG
As expected, the interim consolidated financial statements of Hypo Alpe-Adria-Bank International AG as at 30 June 2013, published on 28 August 2013, have reported a negative result for the period of EUR -859.8 million after tax (same period in 2012: EUR +3.4 million) on the basis of international accounting standards (IFRS).
2013 interim result - current media reports
Referring to current media reports Hypo Alpe-Adria-Bank International AG wants to emphasize that it is currently working on the finalization of the interim results as at 30 June 2013. As announced in an ad-hoc-release published on 19 July 2013 the result for the period will be considerably negative. Details about the half-year result will be published by the bank until 31st August 2013 at the latest.
19.07. - General Assembly to decide on increase of capital on 23 July 2013
In an ad-hoc-release dated 1 July 2013, Hypo Alpe-Adria-Bank International AG announced that due to the imminent requirements and obligations resulting from the expected EU decision, as per 30 June 2013 there will be a need for recapitalization whose concrete amount is currently evaluated.
02.07. - CEO Kranebitter resigns from his position
Hypo Alpe Adria Bank International AG hereby announces, that CEO Gottwald Kranebitter, has informed the chair of the Supervisory Board of the company that he will resign from his position as Chief Executive Officer.
01.07. - EU plan: Impact to be expected on the bank’s own funds
Hypo Alpe-Adria-Bank International AG informs that it has been notified, that a reviewed restructuring plan has been submitted to the European Commission.
03.06. - Retirement of Dr Ditz, Chairman of HBInt. Supervisory Board
Dr. Johannes Ditz resigned both as Chairman and member of the Supervisory Board with immediate effect.
31.05. - Purchase of HYPO ALPE-ADRIA-BANK AG
Purchase of austrian subsidiary HYPO ALPE-ADRIA-BANK AG.
12.03. - Publication of 2012 consolidated results
In the 2012 financial year, Hypo Alpe Adria generated a consolidated profit of EUR 3.0 m after taxes and before non-controlling interests according to the International Financial Reporting Standards (IFRS) (2011: EUR 69.3 m).
31.01.: HBInt: Bank receives JRAD notification
Hypo Alpe-Adria-Bank International AG/Bank receives expected notification on JRAD audit; FMA requires new own capital funds ratio of 12.4% and extends fulfilment deadline until 31 December 2013.