Which authority is recorded against Hypo Alpe-Adria-Bank International AG?

The entry is recorded against FMA · Austrian criminal courts, in the Austria jurisdiction, under the theme Bank resolution · breach of trust.

What is the current status of this entry?

Status: Concluded — bank wound down. Last recorded change: 1 March 2016. The matter arose or was first recorded on 14 December 2009.

How was this matter brought to light?

Supervisory intervention. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for AT-2009-01 be checked?

The entry links to Background record — Hypo Alpe-Adria.

AT-2009-01 · Austria · 2009

Hypo Alpe-Adria: emergency nationalisation and the Austrian proceedings

The Carinthian bank was nationalised in December 2009 and later wound down through a resolution vehicle. Criminal proceedings recorded findings against former officers.

Austrian bank building at dusk, illustrating the Hypo Alpe-Adria resolution — Illustrative image · Hypo Alpe-Adria-Bank International AG

Institution: Hypo Alpe-Adria-Bank International AG
Authority: FMA · Austrian criminal courts
Status: Concluded — bank wound down
Theme: Bank resolution · breach of trust
Raised by: Supervisory intervention
Jurisdiction: Austria
Matter arose: 14 December 2009
Last recorded: 1 March 2016
Amount: c. EUR 5.5bn state cost reported

What the sources record

Rapid Balkan expansion left the bank with impaired assets that the Austrian state absorbed on nationalisation.

A parliamentary inquiry examined the supervision of the bank and the terms of the state intervention.

The wind-down vehicle Heta Asset Resolution imposed a moratorium on creditors in 2015, later resolved through a buy-back.

Timeline

2009-12-14
Bank nationalised by the Republic of Austria.
2015-03-01
Heta creditor moratorium imposed.
2016-03-01
Creditor settlement framework agreed.

Individuals named in this case

Austria

Court record

Wolfgang Kulterer

Former chief executive and chairman, Hypo Alpe-Adria-Bank

Base · Klagenfurt

Convicted in Austrian proceedings arising from the collapse of Hypo Alpe-Adria; several counts were reviewed on appeal

Austrian courts recorded findings on breach of trust and on the reporting of losses at the Carinthian bank, which was nationalised in 2009.

Portrait tile — no licensed photograph held

Record →Case record →Source →

All individuals in the register →

Primary sources

Background record — Hypo Alpe-Adria

Questions and answers on this entry

What does register entry AT-2009-01 record?: Hypo Alpe-Adria: emergency nationalisation and the Austrian proceedings. The Carinthian bank was nationalised in December 2009 and later wound down through a resolution vehicle. Criminal proceedings recorded findings against former officers.
Which authority is recorded against Hypo Alpe-Adria-Bank International AG?: The entry is recorded against FMA · Austrian criminal courts, in the Austria jurisdiction, under the theme Bank resolution · breach of trust.
What is the current status of this entry?: Status: Concluded — bank wound down. Last recorded change: 1 March 2016. The matter arose or was first recorded on 14 December 2009.
How was this matter brought to light?: Supervisory intervention. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for AT-2009-01 be checked?: The entry links to Background record — Hypo Alpe-Adria.

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