Hypo Vorarlberg Bank
Hypo Vorarlberg Bank AG | |
---|---|
Country | Austria |
Seat | Bregenz |
legal form | Corporation |
Bank code | 58000 |
BIC | HYPVAT2BXXX |
founding | 1897 |
Website | www.hypovbg.at |
Business data 2019 | |
Total assets | 13,980 million euros |
insoles | 5,435 million euros |
Customer credit | 10,042 million euros |
Employee | 719 |
Offices | 18 (in Austria) |
management | |
Board | Michel Haller (Chairman) Wilfried Amann Philipp Hämmerle |
Supervisory board | Jodok Simma (Chairman) |
The Hypo Vorarlberg AG (short Hypo Vorarlberg ) is a universal bank with its headquarters in Bregenz ( Vorarlberg , Austria ). With total assets of around 14 billion euros, over 700 employees and 19 bank branches (15 of them in Vorarlberg), it is the largest independent bank in Vorarlberg.
history
Vorarlberger Landeshypothekenbank was founded to provide long-term, non-cancellable loans to farmers who were heavily indebted in large numbers in the 19th century. As a result of the stock market crash of 1873, tens of thousands of farms in Austria had to be foreclosed. At the same time, the mortgage bank served as the country's paying agent. After the First World War, however, the institute fell into disrepair for years due to a general lack of capital and was a “bank without banking”. It survived the crisis without any losses, as the current account business that ran on the side covered the low management costs. However, it was also forced to seize defaulting mortgage debtors. Barnabas Fink, pastor of Hittisau, well-known as a politician, therefore declared his resignation from the board of trustees of the Landeshypothekenbank in 1933, "in order to avoid impairing my pastoral work as much as possible." "Purge" in management: directors and board members have been replaced; and of course the management of the institute was also denazified after the end of the war in 1945. Thanks to the economic miracle of the 1950s and 1960s, the mortgage bank was able to develop beyond its traditional line of business - in 1945, agriculture accounted for 70 percent of the loans it issued - into an internationally active commercial bank.
organization
Hypo Vorarlberg (until October 2017: Vorarlberger Landes- und Hypothekenbank ) was founded by the Vorarlberger Landtag with resolutions of February 3, 1894 and February 23, 1897.
Ownership
The bank was founded in 1897 by the Vorarlberg state parliament. It has been a stock corporation since 1996. The Vorarlberger Landesbank-Holding (a special fund of the Land of Vorarlberg) holds 76.8732% of ordinary shares. The remaining voting rights (23.1268%) are owned by a banking consortium from Baden-Württemberg, consisting of the Landesbank Baden-Württemberg and the Landeskreditbank Baden-Württemberg - Förderbank , within the framework of Austria Beteiligungsgesellschaft mbH .
market
Hypo Vorarlberg has 15 branches in its core market of Vorarlberg and other market outlets in Vienna , Graz , Wels and St. Gallen (Switzerland).
The German market is served from the branches in Bregenz and Riezlern ( Kleinwalsertal ).
The Italian subsidiary in Bolzano with branches in Como and Treviso develops leasing solutions.
Holdings
Hypo Vorarlberg Bank AG has investments in the following companies in Austria, Germany and Italy:
Others
In January 2014, the bank and nine other Vorarlberg companies founded the “Climate Neutrality Alliance 2025” with the aim of making all of their activities 100 percent climate neutral by 2025.
After the Panama Papers were published in April 2016, CEO Michael Grahammer announced his resignation. On January 1, 2017, Michel Haller took over the chairmanship of Vorarlberger Landes- und Hypothekenbank AG.
A committee of inquiry subsequently set up by the Vorarlberg state parliament to clarify the involvement of Hypo Vorarlberg in the business that became known with the Panama Papers did not reveal any findings of any misconduct by those responsible at the bank.
literature
- Norbert Schepke : The mortgage bank of the state of Vorarlberg . Innsbruck 1972.
- Peter Melichar : Through the times of crisis. The mortgage bank between 1918 and 1945 . In: Meinrad Pichler (Ed.): 111 Hypo Vorarlberg. A historic cash fall from 1897-2008 . Bregenz 2008, p. 70-102 .
- Harald Walser : From the loom to the chip. The structural change since 1945 . In: Meinrad Pichler (Ed.): 111 Hypo Vorarlberg. A historic cash fall from 1897-2008 . Bregenz 2008, p. 118-132 .
Web links
- Hypo Vorarlberg Bank AG
- Early documents and newspaper articles on Hypo Vorarlberg Bank in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ a b query for bank code 58000. In: SEPA payment transactions directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)
- ^ Hypo Vorarlberg - Investor Relations
- ↑ Peter Melichar: Through the times of crisis. The mortgage bank between 1918 and 1945. In: Meinrad Pichler (ed.): 111 Hypo Vorarlberg. A historic fall in cash register 1897–2008 , Bregenz 2008, pp. 70–102, here 75.
- ↑ Peter Melichar: Through the times of crisis. The mortgage bank between 1918 and 1945. In: Meinrad Pichler (ed.): 111 Hypo Vorarlberg. A historical fall in cash register 1897–2008 , Bregenz 2008, pp. 70–102, here 84.
- ↑ Harald Walser: From the loom to the chip. The structural change since 1945. In: Meinrad Pichler (ed.): 111 Hypo Vorarlberg. A historical fall in cash from 1897–2008 , Bregenz 2008, pp. 118–132, here 127.
- ↑ Hypo deletes Landesbank from company name. In: ORF Vorarlberg (vorarlberg.ORF.at). July 20, 2017. Retrieved October 3, 2017 .
- ↑ Vorarlberg companies found a climate neutrality alliance (January 9, 2015)
- ↑ Vorarlberger Hypo boss leaves, withdrawal from offshore planned. In: derstandard.at. April 7, 2016, accessed April 10, 2016 .
- ↑ Hypo Vorarlberg appoints new CEO. In: Vorarlberg Online (VOL.at). August 10, 2016. Retrieved August 11, 2016 .
Coordinates: 47 ° 30 ′ 12.1 ″ N , 9 ° 44 ′ 39.9 ″ E