Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft

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Main categories of products sold and/or services offered
Leading corporate bank in Vorarlberg
Corporate services represent an important pillar of the Issuer's activities. Being a universal bank, Hypo
Landesbank Vorarlberg offers its corporate customers both traditional banking products and other bankrelated
services such as leasing, real-estate services, and insurances through its subsidiaries. The range of
financing portfolio products also includes equity financing as well as competent advice and support in
connection with subsidy programmes and institutions.
The lending volume to corporate customers as of 31 December 2009 for an amount of EUR 4,230.2 million
(2008: 4,068.6 million) underscores the leading position of Hypo Landesbank Vorarlberg as a corporate
bank. Significant increases in 2009 were also achieved outside Vorarlberg by the branch offices in Vienna,
Graz, and Wels as well as in the adjacent area around Lake Constance in the Federal Republic of Germany
and Switzerland.
Successful residential real estate bank
The lending volume to private customers has been increased by 4.8% compared to the year 2008. It
amounts EUR 1,565.4 million as of 31 December 2009. The Issuer will further focus on this traditional
important pillar especially with its special products "Hypo-Lebenswert-Kredit" (a financing product in
particular for seniors after retirement to maintain their living standard) and "Hypo-Klima-Kredit" (supports
energy saving investments).
Private Banking
The Issuer operates separate private banking centres in all large branch offices in Vorarlberg and in Lech,
Graz, Wels, and Vienna. A particular quality feature of these centres consists in the fact that only qualified
investment managers provide services. The "Private Banking Plus" division is a team of experts which
provides further optimised professional and individual support of investment customers.
Asset Management
At 31 December 2009, assets under management totalled EUR 732.9 million. Compared to 2008 this
means an increase of 13.70%.
Hypo Portfolio and Asset Management is well-positioned in Vorarlberg, particularly given investors' renewed
interest in a safe haven (capital preservation concepts and international investing standards). Portfolio and
Asset Management employs effective and dynamic investment strategies. Strict discipline in market and
security selection and containing risk and costs remains a high priority.
At the end of the year 2009, Hypo Landesbank Vorarlberg acted as a custodian for 81 Austrian investment
funds. The Fund Service division's core competence is to act as depositary for Austrian investment funds.
Apart from its custodian role for investment funds, Hypo Landesbank Vorarlberg also supports foreign fund
providers acting as a tax representative and paying agent in the Republic of Austria. Over 200 customers
were supported by the Bank in 2009.
Significant new products and/or activities
Thanks to the introduction of the international "GIPS ®1 "-Standard (Global Investment Performance
Standards) in Private Banking in 2005, Hypo Landesbank Vorarlberg is able to offer comparable
performance results. The quality standard and the transparency toward our customers resulting from Global
Investment Performance Standards was recently audited and attested by PricewaterhouseCoopers in
March 2009.
1 The centralised portfolio management of Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft having registered
offices in Bregenz qualifies as a firm within the meaning of the Global Investment Performance Standards (GIPS®). The
firm comprises all asset management mandates of private and institutional customers as well as public funds that are
managed in the context of the bank‘s centralised investment process. It does not include decentralised organisational units
and other units of the group that operate independently. The firm is in compliance with the GIPS®. For a list of all
composites along with a detailed description, please contact Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft
at: +4350414-1521 or e-mail us at gips@hypovbg.at.