Hypo Alpe-Adria-Bank International AG now operating under the name of Heta Asset Resolution AG
As of today, Monday November 3, 2014, Hypo Alpe-Adria-Bank International AG (HBInt.) operates under the name of Heta Asset Resolution AG and with a new logo.
Transfer of Hypo Alpe-Adria-Bank S.p.A. to HBI-Bundesholding AG
Hypo Alpe-Adria-Bank International AG (HBInt.) hereby announces that at the Annual General Meeting held today, the owner of the bank, the Republic of Austria, adopted the decision to transfer all of the shares held by HBInt. in Hypo Alpe-Adria-Bank S.p.A., Udine, to HBI-Bundesholding AG. This transaction is in compliance with the legal requirements pursuant to the Federal Law on the Creation of a Wind-Down Unit (GSA) and the Federal Law on the Establishment of a Holding Company for Hypo Alpe-Adria-Bank S.p.A. (HBI-Bundesholdinggesetz). The closing for this transfer is scheduled for Q4 2014 and requires prior approval by the Italian banking supervisory authority, Banca d'Italia.
Sale of retail non performing loan portfolios in Slovenia, Croatia, Serbia and Montenegro of EUR 169mn to B2Holding
On Thuesday, August 12, 2014 Hypo Alpe Adria Group (HAA) signed a contract with B2Holding on the sale of a portfolio of non performing loans in Slovenia, Croatia, Serbia and Montenegro in the amount of EUR 169mn. Closing is expected to take place in early September 2014 and is subject to the approval of local regulators. With this auctioned cross-border transaction HAA is proving its commitment to accelerate its wind-down and deleverage strategy by moving towards portfolio sales in its region.
Information release regarding the Austrian Federal Law on the reorganisation of HYPO ALPE-ADRIA-BANK-INTERNATIONAL AG
Hypo Alpe-Adria-Bank International AG hereby wants to inform you that the Austrian Federal Law on the reorganisation of HYPO ALPE-ADRIA-BANK INTERNATIONAL AG (Bundesgesetz über Sanierungsmaßnahmen für die HYPO ALPE-ADRIA-BANK INTERNATIONAL AG - HaaSanG) has been published in the Austrian Federal Legal Gazette Nr. I 51/2014 on 31 July 2014. The HaaSanG has, pursuant to its Section 13, become effective on 1 August 2014.
Dr. Herbert Walter appointed as Chairman of the Supervisory Board
Hypo Alpe-Adria-Bank International AG herewith informs that the members of the company’s Supervisory Board appointed in the course of the General Assembly of 23 May 2014 have gathered today together with the current employee representatives of the body for its constituent session. On this occasion Dr. Herbert Walter was elected as Chairman of the Supervisory Board and Dipl.-Vw. Wolfgang Hartmann as its Deputy Chairman.
Hypo Alpe-Adria informs the Federal Ministry of Finance about capital calculations
Total capital requirement until autumn 2014 is forecast to amount up to EUR 1.43 billion: Following the conclusion of the meeting of the Supervisory Board of Hypo Alpe-Adria-Bank International AG which took place yesterday amongst others in the presence of the auditor, the Bank has today as agreed informed the Federal Ministry of Finance about the results of the discussions and its forecast calculations. According to these, capital measures are to be implemented in respect of the annual financial statements per 31 December 2013 (which have been largely confirmed by the auditor) to cover further devaluations and risk provisions.
Owner decides in favour of a wind-up company
At a joint press conference held today with the Governor of the Austrian National Bank, Dr. Ewald Nowotny, Vice-Chancellor Dr. Michael Spindelegger announced that the Republic of Austria, in its role as sole shareholder of the Bank, has decided to form a wind-up company for the Hypo Alpe Adria following extensive analysis.
CRO Edelmüller resigns from the Management Board as from the end of February
Searching process for the new CRO will start soon
In agreement with the Supervisory Board and the other Management Board Members of Hypo Alpe-Adria-Bank International AG CRO Wolfgang Edelmüller announced today, that he will end his mandate in the Group Management Board as from 28.02.2014. The 62-years old Chief Risk Officer entered his position after emergency nationalization in April 2010 and acted as interim CEO up to the appointment of Alexander Picker at the beginning of the year.