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2021/09/21 / Erste Group Research

Hypo Vorarlberg Bank AG

Die Hypo Vorarlberg Bank positioniert sich als regionale Universalbank in Vorarlberg mit Nischenstrategie in Ostösterreich und im Ausland. Die Bank ist vor allem im Firmenkundengeschäft, der Immobilienfinanzierung und im Anlagegeschäft tätig. Das Land Vorarlberg ist mit rund 77% der Mehrheitseigentümer der Bank.

Im 1H 2021 wies die Bank ein Ergebnis nach Steuern von EUR 35,1 Mio. (VJ EUR 16,4 Mio.) aus, wobei für 2021 aufgrund der Corona-Krise weiterhin von einem deutlichen Druck auf das Konzernergebnis ausgegangen wird.

Am Kapitalmarkt ist die Hypo Vorarlberg vor allem mit hypothekarisch besicherten Pfandbriefen (Moody’s ‚Aaa‘) und Senior Unsecured Anleihen (S&P ‚A+‘ / Moody’s ‚A3‘) vertreten. Zusätzlich ist die Bank auch ein Green Bond Emittent und wird von der Nachhaltigkeits-Ratingagentur ISS ESG mit der Note „C“ bewertet.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-


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