news 07 Nov 12

Hypo Group Starts Selling Balkan Businesses

The Austrian banking group has started putting its subsidiaries in Southeast Europe up for sale.

FriedlNews

Hypo Group on Tuesday launched the sale of the group's units in Slovenia, Croatia, Serbia, Bosnia and Montenegro. Offers have to be submitted by 7 December.

The business units are held by the Austrian-based SEE Holding. Hypo Group's subsidiaries consist of banking and leasing units.

SEE Holding has total assets of €11.0 billion. The six subsidiaries serve 1.1 million customers and operate 250 branches.

In the first six months, the six subsidiaries recorded a net income of €26 million. The subsidiaries in Slovenia and Montenegro are loss-makers, while the Serbian and the Croatian subsidiaries are profitable. The biggest unit is the Croatian subsidiary, followed by the Slovenian subsidiary.

In total, the Austrian bank has a capital shortfall of €2.2 billion.

Talk about it!

blog comments powered by Disqus

Related Headlines:

businessman-arranged-croatia-president-meetings-with-trump-s-men-01-19-2017
21 Jan 17

Businessman Bonded Croatia President to Trump Team

US businessman Jeffory Blackard says fruitful meetings he arranged in the US for Croatia's President gave her a head start on most world leaders when it comes to Team Trump.

20 Jan 17

Bosnian Serb Invites to Trump Gala Disputed

20 Jan 17

Birth of Trump Era Divides Balkan Countries

20 Jan 17

Croatian School Removes Anne Frank Exhibition

20 Jan 17

Croatia Accused of Forcing Asylum-Seekers Out

20 Jan 17

Balkan States Eye Their Prospects in Trump Era

Premium Selection

birth-of-trump-era-divides-balkan-countries-01-20-2017
20 Jan 17

Birth of Trump Era Divides Balkan Countries

Right-wing Serbs are euphoric while Romanians and Bosniaks are worried. All over the Balkans, governments and people are watching to see what a new era in US diplomacy brings.

kosovo-s-serbs-feel-frightened-insecure-and-misused-01-19-2017
19 Jan 17

Kosovo’s Serbs Feel Frightened, Insecure and Misused

Serbs in Kosovo say that the recent ‘propaganda train’ dispute between Belgrade and Pristina left them worried about their security and fearful that they are being used as political pawns.

18 Jan 17

Serbia Urged to Build on Results of 2016

17 Jan 17

Dodik’s Secession Talk Keeps Bosnia on Edge

17 Jan 17

Young Albanians Strike Gold in the Emirates

Latest News from the Balkans

20 Jan 17

Bosnian Serb Invites to Trump Gala Disputed

20 Jan 17

Croatian School Removes Anne Frank Exhibition

20 Jan 17

Croatia Accused of Forcing Asylum-Seekers Out