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Bank castle country
Head office:Central iron city new settler road 33 7000 iron city
Legal form:Hypo bank castle country corporation
Executive committee:Dr. Wolfgang Ulrich Gerhard Nyul
Supervisory board:Dr. Christoph autumn Dr. Kurt Berger
Internet:www.bankburgenland.at
Business data 2005
Balance sheet total:3.228 billion euro
Own capital funds:40,83 millions euro (2004)
Share value:Share = 35, - euro
Coworker:311
Branches:22 (15 in the castle country, 7 in Hungary)

The bank castle country is a Austrian bank, which is with priority in the Land of the Federal Republic castle country as well as the neighbouring Hungary active. It was created 1928 as national mortgage bank and fused 1991 with the bank to the bank castle country.

In the year 2000 there was a scandal because of burst credits in the extent elections of the federal parliament preferred of several billions Schilling (= several hundred million euro) which to led. In the year 2003 in the federal state parliament "„the rapid "“sales of the bank was decided, which however into the length pulled itself, since the first sales attempt failed to the Hypobank. Second failed likewise, when in August 2005 the bank should be sold to the industrial entrepreneur Mirko Kovats. Kovats withdrew its offer, when all parties with exception of the governing represented in the federal state parliament, protested.

In October 2005 the bank was written out again to the sales. To 5. March 2006 received the insurance Grazer mutual one the addition for 100,3 millions "€ plus capital increase around 40 millions euro, although a Ukrainian consortium with seat had ordered 155 millions euro in Vienna plus a capital increase of 100 millions euro.

The final sales of the bank castle country, the so-called Closing, is planned for the summer 2006. A condition is a positive evaluation by the European commission. The consortium states among other things that the sales represents mutual insurance a bad subsidy to the Grazer and thus against the European aid right offence. This is justified with the fact that the bank castle country under their market value would be sold.


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Articles in category "Bank castle country"

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» Bank Austria Creditanstalt
» Bank castle country
» Bank for Tirol and Vorarlberg

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