Against the background of the changed economic conditions, in the first half of the year Hypo Group Alpe Adria comprehensively revised and sharpened its risk strategy. The Groupwide roll-out to all subsidiaries is planned for the second half of the year, with the result that all the Group companies will shortly be bound by the new risk strategy.

The main objectives of the new risk strategy are:

• The primary objective is to maintain the risk coverage volumes and thus to secure the sustained risk bearing capacity of the Group.
• The secondary objective is to create a risk structure appropriate to the business model through various measures, including the definition of a risk profile amongst other steps, but also through establishing rules for dealing with significant concentrations in an appropriate way.