|2023/01/24 / Erste Group Research|
Hypo Vorarlberg Bank AG
Hypo Vorarlberg Bank positions itself as a regional universal bank in Vorarlberg with a niche strategy in Eastern Austria and abroad. The Bank is primarily active in corporate customer business, real estate financing and investment business. The state of Vorarlberg is the majority owner of the Bank with around 77%.
In 3Q 2022, the Bank reported a net income after tax of EUR 101.8mn (PY EUR 53.8mn). The increase in earnings is primarily due to better valuation results in connection with the rise in interest rates.
Hypo Vorarlberg is primarily represented on the capital market with mortgage covered bonds (Moody's 'Aaa') and senior unsecured bonds (S&P 'A+' / Moody's 'A3'). Hypo Vorarlberg has also been a Green Bond issuer since 2017.
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|Author||Erste Group Research|
|Product name||Credit News|
|Topic in focus||Credits/ Corporate bonds|
|Economy in focus||Austria|
|Currency in focus||Euro|
|Sector in focus||-|
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