Burgenland Bank
| HYPO-BANK BURGENLAND Aktiengesellschaft | |
|---|---|
|
|
| Country |
 Austria
|
| Seat | Eisenstadt |
| legal form | Corporation |
| Bank code | 51000 |
| BIC | EHBBAT2EXXX |
| founding | 1928 |
| Website | www.bank-bgld.at |
| Business data | |
| Total assets | 5.6 billion euros (2019) |
| Employee | 865 (2019) |
| Offices | 13 |
| management | |
| Board | Christian Jauk |
| Supervisory board | Othmar Ederer |
The Bank Burgenland is an Austrian bank, primarily in the state of Burgenland and the neighboring Hungary operates.
Surname
The actual name of the bank according to the Austrian commercial register is “Hypo-Bank Burgenland AG”, which has been part of the GRAWE ( Grazer Wechselseiten Versicherung AG ) group since the closing in summer 2006 . Hypo-Bank Burgenland is also a permanent member of the Association of Austrian Hypo-Banks.
history
It was founded in 1928 as the state mortgage bank of Burgenland , which had the task of financing public institutions. In 1991 it was merged with the Eisenstädter Bank to form Bank Burgenland .
affair
In June 2000, falsified audit reports led to the discovery of a credit scandal at the bank. Unsecured loans in the amount of 2.35 billion schillings (approx. 171 million EUR) had brought the bank into turbulence. The state of Burgenland saved the bank from bankruptcy by means of a guarantee. Further loan defaults became known in October of the same year. These were intercepted by Bank Austria with a capital grant of 1.65 billion schillings (approx. 120 million euros). In return, the Province of Burgenland took over shares in Bank Burgenland previously held by Bank Austria and issued a liability guarantee. These abuses at the mainly state-owned bank sparked political turmoil. An investigative committee was set up in the state parliament, Governor Karl Stix ( SPÖ ) resigned, ÖVP and FPÖ submitted a motion for early elections, as a result of which Hans Niessl (SPÖ) became the new governor. The goal was now to privatize the bank.
sale
In 2003 the state parliament decided to sell the bank "quickly", but this dragged on because the first attempt to sell it to the Carinthian Hypo Alpe Adria Bank AG failed. The second also failed when the bank was to be sold to the industrialist Mirko Kovats or his A-Tec Industries in August 2005 . Kovats withdrew his offer when it became apparent that no majority could be found in the Burgenland state parliament.
In October 2005 the bank was put up for sale again. On March 5, 2006, Grazer Wechselseiten Versicherung AG (GRAWE) won the bid for 100.3 million euros plus a capital increase of 40 million euros, although an Austro-Ukrainian bidding consortium ( Slav AG , based in Vienna) 155 million euros plus a capital increase of Had offered 100 million euros. Since the sale was made dependent not only on the purchase price, but on a so-called "total package", GRAWE was awarded the contract.
The final sale of Hypo-Bank Burgenland, the so-called closing , took place in summer 2006. The prerequisite for this was a positive evaluation by the European Commission . The defeated Slav AG protested there, among other things, with the assertion that Bank Burgenland would be sold to GRAWE below its market value , which is an unauthorized subsidy within the meaning of European state aid law. As a result, EU competition commissioner Neelie Kroes called on Grawe to pay the difference to the offer of 55 million euros from the Ukrainians who had been thrown off.
Current
Through the purchase by GRAWE, Hypo-Bank Burgenland AG is now part of one of the largest Austrian insurance groups. In 2008 the Capital Bank , which also belongs to GRAWE, was integrated into Bank Burgenland. As a result of this merger, the bank achieved total assets of 5.6 billion euros and employs more than 800 people. The bank has 13 branches (eleven in Burgenland, one each in Vienna and Graz)
Individual evidence
- ↑ a b query for bank code 51000. In: SEPA payment transactions directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)
- ↑ Bank Burgenland - data & facts
- ↑ Bank Burgenland scandal was exposed five years ago - derStandard.at. July 18, 2005, accessed July 20, 2020 .
- ↑ http://www.news.at/articles/0533/30/119594/niessl-verkauf-bank-burgenland-kovats-angebote
- ↑ Bank Burgenland: GraWe has to pay 55 million euros later DiePresse of April 30, 2008
- ↑ Bank Burgenland - about us. Retrieved July 20, 2020 .
Coordinates: 47 ° 50 ′ 49.1 ″ N , 16 ° 31 ′ 48.3 ″ E