Research Detail
| 2019/08/05 / Erste Group Research |
Issuer Profile | HYPO TIROL BANK AG Hypo Tirol operates as a regional universal bank in its core market in the federal province of Tyrol and South Tyrol. The Bank has a balance sheet total of EUR 7.3 billion and generated a profit after tax of EUR 32 million in the 2018 financial year. Hypo Tirol has an issuer rating of S&P (A-/stabil) as well as Moody's (Baa1/stabil). The bank states that it plans to fund its growth by issuing covered bonds and senior unsecured bonds. Its funding plan calls for annual issuance volume between EUR 600mn and EUR 900mn in the years 2019 to 2021. Hypo Tirol has a public sector as well as a mortgage cover pool. Both covered bond categories are rated 'Aa1' by Moody's. |
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General information
| Author | Erste Group Research |
| Date | 2019/08/05 |
| Language |  |
| 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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