A predominantly highly collateralized and granular public-sector-related loan portfolio. Important role for and very strong link with the State of Upper Austria, which owns 51% of the bank. Benefits from a strategic partnership with 39% stakeholder Raiffeisenlandesbank Oberösterreich. Comparatively low operating profitability. Reliance of business activity on low-margin public-sector and mortgage lending. Standard&Poor's Ratings Services' outlook on Austria-based Oberoesterreichische Landesbank AG (HYPO OÖ) is stable. This reflects our expectation that the bank's majority owner, the State of Upper Austria, will remain highly supportive of HYPO OÖ and that the bank's capitalization will continue to improve over the next two years. We currently see a low probability that resolution frameworks will impede Upper Austria's willingness to provide extraordinary support
