Research Detail
| 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
| Author | Erste Group Research |
| Date | 2024/02/15 |
| 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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