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:

bosnian-serbs-rush-to-finalise-disputed-referendum-09-23-2016
23 Sep 16

Bosnian Serbs Rush to Finalise Disputed Referendum

Officials in Bosnia’s Serb-dominated entity Republika Srpska are finalising preparations to hold their controversial referendum but the apparent haste has been causing confusion, while a boycott by Bosniaks seems certain.

23 Sep 16

Putin Meets Dodik On Eve of Bosnia Referendum

23 Sep 16

Tony Blair Winds up Operations in Albania

23 Sep 16

War Talk Grips Balkans Ahead of Bosnia Vote

Premium Selection

bosnian-serbs-rush-to-finalise-disputed-referendum-09-23-2016
23 Sep 16

Bosnian Serbs Rush to Finalise Disputed Referendum

Officials in Bosnia’s Serb-dominated entity Republika Srpska are finalising preparations to hold their controversial referendum but the apparent haste has been causing confusion, while a boycott by Bosniaks seems certain.

ricardo-gutierrez-state-of-macedonia-media-worst-in-balkans--09-23-2016
23 Sep 16

Ricardo Gutierrez: State of Macedonia Media ‘Worst in Balkans’

The General Secretary of the European Federation of Journalists, EFJ, says the outlook for press freedom in Macedonia is depressing, condemning the incarceration of the journalist Zoran Bozinovski.

23 Sep 16

War Talk Grips Balkans Ahead of Bosnia Vote

22 Sep 16

Putin Hosts Dodik Ahead of Bosnia Serb Vote

21 Sep 16

Tara Mountain, a True Touch of Nature