Pfandbrief over 500 guilders of the Niederösterreichische Landes-Hypothekenanstalt of 1895
HYPO NOE Landesbank für Niederösterreich und Wien AG (short: HYPO NOE Landesbank) is one of the oldest and largest regional banks in Austria. It was created in 1888. Within the Group, HYPO NOE Landesbank is a partner for the public sector, real estate and key accounts as well as private and business customers in the core market of Lower Austria, Vienna and selectively in the Danube region. The Province of Lower Austria is the 100 percent owner of the bank.
Group structure
The group of HYPO NOE Landesbank für Niederösterreich und Wien AG consists of:
HYPO NOE Landesbank für Niederösterreich und Wien AG
HYPO NOE Landesbank, the parent company of the HYPO NOE Group, has given itself the goal of being a secure and reliable partner for the public sector, real estate and key accounts as well as private and business customers in the core market of Lower Austria, Vienna and selectively in the Danube region. The product portfolio focuses on financing social and traditional infrastructure, corporate, project and structured finance, as well as real estate finance and treasury solutions.[3]
Board member HYPO NOE Group
Wolfgang Viehauser (Chief Market Officer and Spokesman of the Management Board)
Udo Birkner (Chief Financial Officer and Chief Risk Officer)[4]
Supervisory Board HYPO NOE Group
Günther Ofner (Chairman of the Supervisory Board)
Michael Lentsch (Deputy Chairman of the Supervisory Board)
Birgit Kuras
Karl Schlögl
Hubert Schultes
Gottfried Haber
Ulrike Prommer
Karl Fakler
Peter Böhm (works council)
Franz Gyöngyösi (works council)
Claudia Mikes (works council)
HYPO NOE Leasing GmbH
HYPO NOE Leasing GmbH is particularly responsible for leasing businesses with the public sector and with public corporations. Its expertise lies in complex real estate leasing contracts with a project character. In addition, the range of services offered includes the handling of real estate projects as well as the control and management of companies.[5]
HYPO NOE Immobilien Beteiligungsholding GmbH
The real estate business of the HYPO NOE Group is bundled under the umbrella of HYPO NOE Immobilien Beteiligungsholding GmbH and comprises HYPO NOE Real Consult GmbH and HYPO NOE First Facility GmbH.[6] With the main objective of offering a one-stop service along the entire value chain in real estate management, Holding is responsible for facility and property management, sales/make-up, cross-selling agendas and project development and management.
HYPO NOE Valuation & Advisory GmbH
HYPO NOE Valuation & Advisory GmbH is a specialist for the valuation and analysis of real estate loan collateral and Group properties in Germany and abroad.
HYPO NOE Versicherungsservice GmbH
HYPO NOE Versicherungsservice GmbH acts as an independent broker and supports the customers of the HYPO NOE Group in insurance matters.
Key figures
Period Q1-Q3 2017
Consolidated net income attributable to the owner of €19.5 million.
Regulatory capital ratios according to CRR/CRD IV as at 30 September 2017 still well above the regulatory requirements: Core capital ratio at 18.13% and own funds ratio at 18.13%.
History
Corporate Headquarters
Foundation & first years
The oldest part of the Group is the Landesbank, which was founded as the Landes-Hypothekenanstalt für Niederösterreich in 1888. As part of the partial privatization, 26% was sold to Österreichische Volksbanken-Aktiengesellschaft.
Restructuring in Hypo Landesbank
In 1998 the bank moved its group headquarters to Sankt Pölten. In 1999, ÖVAG's share was increased to 41%. In 2007, the state bought back ÖVAG shares and the bank was divided into HYPO Investmentbank AG and Niederösterreichische Landesbank-Hypothekenbank Aktiengesellschaft (HYPO Landesbank). Since this date, it has again been wholly owned by the Province of Lower Austria.
In September 2017, the banking operations of HYPO NOE Gruppe Bank AG and HYPO NOE Landesbank AG were merged.[7] From 23 September 2017, the merged bank operated under the names HYPO NOE Landesbank für Niederösterreich und Wien AG.[8] By reintegrating the retail and residential construction business into the core bank, efficiency increases could be ensured by reducing the complexity of the organisation and leveraging operational synergy effects.
History
Corporate Headquarters
Foundation & first years
The oldest part of the Group is the Landesbank, which was founded as the Landes-Hypothekenanstalt für Niederösterreich in 1888. As part of the partial privatization, 26% was sold to Österreichische Volksbanken-Aktiengesellschaft.
Restructuring in Hypo Landesbank
In 1998 the bank moved its group headquarters to Sankt Pölten. In 1999, ÖVAG's share was increased to 41%. In 2007, the state bought back ÖVAG shares and the bank was divided into HYPO Investmentbank AG and Niederösterreichische Landesbank-Hypothekenbank Aktiengesellschaft (HYPO Landesbank). Since this date, it has again been wholly owned by the Province of Lower Austria.
In September 2017, the banking operations of HYPO NOE Gruppe Bank AG and HYPO NOE Landesbank AG were merged.[9] From 23 September 2017, the merged bank operated under the names HYPO NOE Landesbank für Niederösterreich und Wien AG.[10] By reintegrating the retail and residential construction business into the core bank, efficiency increases could be ensured by reducing the complexity of the organisation and leveraging operational synergy effects.
On 20 July 2017, Investment was dropped from its company name which became Hypo Vorarlberg Bank AG.[11][12][13][14][15][16][17][18]
Current developments
In autumn 2012, General Director Peter Harold opened a new corporate headquarters in Sankt Pölten on behalf of the HYPO NOE Group with a net floor area of around 19,000 m2.[19] In addition to these infrastructure measures, the company also intends to continue focusing on sustainable development in its business areas in the federal state of Lower Austria, according to the management board, and has been preparing a sustainability/CSR report on the subject since 2013.[20][21]
Sponsoring
Hypo Noe Landesbank acts as a sponsor in the areas of social affairs, art and culture as well as sport. The HYPO NOE Group is one of the largest sports sponsors in Lower Austria. In the field of sports, HYPO NOE Landesbank sponsors, among others:[22]
Artist Support Program HYPO NOE Art & Culture artconnection[24]
Controversies
In 2007, Hypo Investmentbank acquired a 20% stake in Augustus Funding Ltd. (Dublin) in the amount of approximately €800 million[25] and is said to have speculated on €40 million.[26] According to the Oesterreichische Nationalbank (OeNB) and the Financial Market Authority (FMA), these investments exceeded the large investment limit.[25] The FMA penalty of €58 million was paid in 2011 and taken into account in the annual financial statements. This requirement was challenged by HYPO NOE before the Administrative Court, HYPO NOE was proved right in 2013 and the full amount was remitted to the bank.[27]
The preliminary proceedings initiated by the public prosecutors office years ago in connection with the crash of the securities of the USinvestment bankLehman Brothers, were discontinued in 2017 because there were no indications of any misconduct on the part of the executive bodies of HYPO NOE.[28]
