Home Page
 
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:

democracy-remains-elusive-in-albania-06-24-2017
24 Jun 17

Albania's Election Escapades

Patronage and corruption keep voting a 'low-standard' exercise in democracy. 

23 Jun 17

Agrokor Boss Vows to Tackle Problems in Bosnia

23 Jun 17

Albania Enjoys Calmest Ever Election Campaign

23 Jun 17

Romanian Top Filmmakers Fight for Reform

Premium Selection

albania-enjoys-calmest-ever-election-campaign-06-23-2017
23 Jun 17

Albania Enjoys Calmest Ever Election Campaign

With an almost complete absence of posters and other campaign paraphernalia, Albania is witnessing the most decent and calm pre-election period in its history, experts say.

romanians-top-filmmakers-fight-for-reform-06-23-2017-1
23 Jun 17

Romanian Top Filmmakers Fight for Reform

Hopes of comprehensive change to the film industry – deemed vital for this flourishing field - have suffered another blow after Romania’s parliament withdraw the reform legislation.