Press Releases 2015


16.12.2015

Hypo Group Alpe Adria AG undertakes relaunch of organization

The Supervisory Board of Hypo Group Alpe Adria AG (HGAA), a Group operating a banking network in Southeast Europe, has today approved adjustments to the Group’s organizational structure.

As part of a comprehensive relaunch following the separation from its former parent company HETA, the Group will move some central group functions from Klagenfurt to the markets where it serves its customers, and open a Group holding office in Vienna early next year. Klagenfurt is to remain a service center for the Group.

“With this step we want to reduce the complexity of the Group in order to be faster and more efficient with our services to the client. By adjusting to the new market realities and improving our structure, we open ourselves to many opportunities for growth in our regions”, says Ulrich Kissing, Group CEO.


Dec
16

27.11.2015

Hermann-Josef Lamberti appointed as member of the Supervisory Board of Hypo Group Alpe Adria AGo Group Alpe Adria AG

Klagenfurt, 27th November 2015. The General Assembly of Hypo Group Alpe Adria AG in today’s meeting appointed Mr. Herrmann-Josef Lamberti as member of the Supervisory Board, effective as of 1st December 2015.

Hermann-Josef Lamberti: „I am looking forward to actively supporting the realignment of the bank. Our goal is to offer first-class and efficient processes for our private and corporate customers. We seek to grow in a profitable manner and strengthen our distribution channels as well as our mobile offering.”

The former Chairman, Marko Voljč, will resign as member and Chairman of the Supervisory Board for personal reasons as of 30th November 2015. Herrmann-Josef Lamberti shall succeed him as Chairman of the Supervisory Board.


Nov
27

17.07.2015

Hypo Group Alpe Adria AG – SEE banking network – acquired by Advent International and EBRD

  • Advent International/EBRD strongly committed to the development of the Group
  • Banking network to be led by newly appointed Group CEO Ulrich Kissing
  • Advent/EBRD committed to growing core retail and SME franchise as well as corporate and public sector offering in SEE region
  • New owners aim at turning SEE banking network into top-5 player in the region delivering profitable growth

Klagenfurt, 17 July 2015 – Funds advised by Advent International, one of the largest and most experienced global private equity investors, and the European Bank for Reconstruction and Development (EBRD) have closed the acquisition of Hypo Group Alpe Adria AG (HGAA) with its Southeast Europe banking network (SEE-Network) from Heta Asset Resolution (Heta), the wind down asset of the former Hypo Alpe Adria bank owned by the Republic of Austria.

The acquisition was formally closed today following all conditions agreed in the Sales and Purchase Agreement (SPA) signed on December 22, 2014 being met.


Jul
17

28.05.2015

2014 annual result of Hypo Group Alpe Adria affected by one-off items – Sale of the south-eastern European banking network soon to be closed

  • Negative net consolidated income after tax of EUR -97.4m due to impairments and risk provisioning
  • Closing of sale to Advent/EBRD expected by mid-2015

Klagenfurt am Wörthersee, 28 May 2015 – Hypo Group Alpe Adria AG (HGAA) published today for the first time its annual report as an independent banking network. For the financial year 2014, which was particularly marked by preparations for the upcoming sale of HGAA, the banking network reports an annual loss after tax of EUR -97.4m (2013: EUR -302.3m). HGAA has only been fully carved out legally from its former owner Hypo Alpe-Adria-Bank International (now Heta Asset Resolution AG (Heta)) since 30 October 2014, and operationally since the beginning of April 2015.


May
28

14.04.2015

Carve-out of Hypo Group Alpe Adria AG SEE banking network from Heta Asset Resolution AG finalised

  • HGAA SEE-Network fully separated from Heta Asset Resolution AG
  • Acquisition of Hypo Group Alpe Adria AG – SEE banking network by Advent International and the European Bank for Reconstruction and Development (EBRD) expected to close on schedule in June 2015; regulatory approvals on track
  • Advent and EBRD aim to grow core retail and SME service offering in SEE-region.

Klagenfurt, 14 April 2015 – Hypo Group Alpe Adria AG (HGAA) and its south-east European banking network (SEE-Network), consisting of entities in Slovenia, Croatia, Serbia, Bosnia-Herzegovina and Montenegro have been fully carved out legally and operationally from their former owner Hypo Alpe-Adria-Bank International AG (now Heta Asset Resolution AG (Heta)). HGAA is now the parent credit institution with steering functions for the SEE banking network.


Apr
14

25.02.2015

Next important step in the Hypo Group Alpe Adria AG sale process

Staff of 180 banking experts to continue the Group headquarters of Hypo Group Alpe Adria AG in Klagenfurt

On 22 December 2014, Heta Asset Resolution AG (Heta) signed an agreement with a consortium of bidders consisting of Advent International, a leading international private equity investor, and the European Bank for Reconstruction and Development (EBRD) for the sale of Hypo Group Alpe Adria AG (HGAA), the South-Eastern European banking network of the former Hypo Alpe-Adria-Bank International AG, including the holding company based in Austria.


Feb
25