Oberoesterreichische Landesbank AG
Issuer Profile Covered Bonds , 10. Jan
Oberoesterreichische Landesbank AG (HYPO OOE) is operating as a regional universal bank in its core market of Upper Austria. The province of Upper Austria holds a 50.6% stake in the bank, while Raiffeisen-Landesbank Oberoesterreich holds a 41.1% stake.
HYPO OOE reported earnings after taxes of EUR 33.5mn for 2022 (previous year: EUR 27.5mn), an increase of 22% on the previous year. The positive trend in the operating result continued in the first half of 2023. The driving factor was once again net interest income, which rose by 36.6% to EUR 47mn.
HYPO OOE has an S&P rating of 'A+' / 'stable'. In February 2023, the outlook was set to 'stable' after it had been set to 'negative' in 2020 due to the increasing risks to economic development in view of the COVID-19 pandemic.
HYPO OOE issues mortgage and public sector covered bonds (Pfandbriefe). Both types of covered bonds are rated 'AA+' / 'stable' by S&P.
HYPO OOE reported earnings after taxes of EUR 33.5mn for 2022 (previous year: EUR 27.5mn), an increase of 22% on the previous year. The positive trend in the operating result continued in the first half of 2023. The driving factor was once again net interest income, which rose by 36.6% to EUR 47mn.
HYPO OOE has an S&P rating of 'A+' / 'stable'. In February 2023, the outlook was set to 'stable' after it had been set to 'negative' in 2020 due to the increasing risks to economic development in view of the COVID-19 pandemic.
HYPO OOE issues mortgage and public sector covered bonds (Pfandbriefe). Both types of covered bonds are rated 'AA+' / 'stable' by S&P.