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2024/02/15 / Erste Group Research

Hypo Tirol Bank AG

Hypo Tirol operates as a regional universal bank in its core market of Tyrol. The Vienna office complements the core market. Historically, the corporate client segment has made the most stable and largest contribution to earnings. The province of Tyrol owns 100% of Hypo Tirol. In 1H 2023, the bank was once again able to increase its net profit to EUR 35.9mn (1H 2022: EUR 13.1mn).

The mortgage covered bond program is the main source of refinancing on the capital market. Both covered bond programs are rated by Moody's, whereby the public sector program is rated 'Aaa' and the mortgage covered bond program 'Aa1'. Hypo Tirol itself is currently rated by S&P ('A+' / stable) and Moody's ('Baa1' / positive). Hypo Tirol is both a social and a green covered bond issuer.

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General information

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


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