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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
RBI: Sevelda to Remain CEO unil 2017
Karl Sevelda, who was appointed new CEO of listed Raiffeisen Bank International (RBI) at the beginning of June, does not regard himself as interim head of the bank.
September 23, 2013
Poland: Budget for 2014 Realistic
According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.
September 23, 2013
Slovenia in a Decisive Phase
According to Bostjan Jazbec, Govenor of the Bank of Slovenia, the coming weeks will be critical for the small Eurozone member country.
September 23, 2013
Further Nationalizations in Hungary?
In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.
September 23, 2013
Croatia: Foreign Exchange Loan Conversion Costs € 50m
In order to help over-indebted Croat households, the government plans to shift the burden to the banking sector.
September 21, 2013
Head of Slovenia’s Chief Bank Arrested
Janko Medja, manager of Slovenia’s most important bank NLB, was arrested because of suspicion of corruption.
September 20, 2013
NBP: First Signs of Recovery
According to the National Bank of Poland (NBP) there are first signs of recovery in the corporate sector.
September 20, 2013
Keuschnigg: Losses of Hypo Compensated by Privatizations
Christian Keuschnigg, head of the IHS (Austrian Institute for Higher Studies) suggests to privatize OMV, Post and Telekom Austria to pay for Hypo Group.
September 20, 2013
Slovenia: First Budget Surplus in 2013
For the first time this year, Slovenia shows a budget surplus of € 15m. However, the deficit of the first eight months is as high as € 1.3bn, according to data by the Finance Ministry.
September 20, 2013
Banking in CESEE: Risk Provisions to Decline
Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.
September 20, 2013
Bank Austria to Close Subsidiaries in Hungary
Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.
September 19, 2013
Romania Is Recovering According to PM
Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.
September 19, 2013
RBI: Lennkh Takes Over Divisions of Sevelda
Peter Lennkh takes over responsibility for Corporate Business within the Managing Board of RBI.
September 18, 2013
Austrian Banking Sector Proves Stable
The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.
September 18, 2013
CESEE Banking: Funding Improves
Regarding the stability of the banking system in the CESEE region, there are still substantial differences between the countries.
September 18, 2013
Treichl: Requirements for Banks Increased Massively
According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).
September 17, 2013
Austria: Fekter Demands “More Intelligent Model“ for Hypo
Finance Minister Fekter plans on introducing a “more creative model“ than a bad bank.
September 17, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
CESEE Investment Market with Growing Potential
The Eastern European investment market continues to post robust levels of transaction.
September 17, 2013
Bank Austria Considers Establishing Franchise Banks in Austria
The streamlining of the CESEE network of Bank Austria seems to take on a very concrete form now.
September 16, 2013
IHS/WIFO: Austrian Hypo Group Needs Bad Bank
Christian Keuschnigg and Karl Aiginger claim that the nationalized Austrian bank should be split into a “good” and a “bad” part. Austria´s public debt would increase substantially.
September 16, 2013
RBI Revises Expected Provisioning Requirement
Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.
September 16, 2013
Hungarian National Bank to Use Foreign Currency Reserves
In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.
September 15, 2013
Slovenia: Bankruptcy Without ECB/ESM?
Without external aid, Slovenia will not manage its severe financial crisis, experts say. A bail-out becomes more likely.
September 15, 2013
Austrian Banking Sector: Profitability Below Potential
Not only the high NPL quota in the CESEE region, but also the overcapacity in Austria is a burden for the domestic banking industry.
September 14, 2013
Boom in CESEE Will not Return
In the next years, the growth rates of the pre-crisis will not come back in the CESEE region. For the banking industry, the region is still a substantial risk factor.
September 14, 2013
Austria Must Implement Liquidation Mechanism for Banks
In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.
September 13, 2013
Eurogroup Grants Cyprus Further € 1.5bn
Payments will be made at the end of September
September 13, 2013
Hypo Needs € 700m in Capital Increase
The ailing banking group needs a further capital injection in order to fulfill the lawful capital adequacy requirements.
September 12, 2013
Austria: OeNB Denies Hypo Revaluations
According to the Austrian National Bank (OeNB) there are no revaluations in regard to Hypo Group Alpe Adria’s capital requirement.
September 12, 2013
Hypo Group Needs up to € 17bn
The scenarios for the nationalized Austrian banking group become even more pessimistic.
September 12, 2013
Austria: Enormous Amounts Could Pile Up For Hypo Group
According to Austrian daily “Standard“, the winding down of the ailing bank Hypo could be even more expensive than assumed so far. The amount of required capital reanges between € 6.2bn (until the end of 2014) and € 17bn (until 2017).
September 11, 2013
Romania: Chinese Investors to Support Infrastructure Projects with € 3bn
According to the Romanian Infrastructure and Foreign Investments Department (DPIIS), investors from China will support the construction of new highways and electricity generating power plants in the amount of more than € 3bn.
September 11, 2013
Former President of Budapest Stock Exchange New Head of Division at RBI
RBI appoints Attila Szalay-Berzeviczy Head of Group Securities Services Business.
September 11, 2013
IMF: Praise and Criticism for Austria
According to the IMF´s country report, Austria´s main problem is the fiscal situation.
September 11, 2013
Turkish Dogus Group Not Interested in Hypo Alpe Adria
A high-ranking representative of Turkish Dogus Group denied that the corporation was interested in taking over Austrian bank Hypo Alpe Adria. In an interview with “Wall Street Journal” he claimed there had been no negotiations with Hypo.
September 10, 2013
Orban on Foreign Banks: „Colonization is Over“
Hungary´s Prime Minister Viktor Orban emphasizes that foreign banks have to pay for foreign exchange loans.
September 9, 2013
Slovenia Shuts Down Two Small Banks
In order to ensure the stability of its financing sector, Slovenia decided to liquidate two banks, Factor Banka and Probanka. According to state officials, the step was also taken to avoid international bailout.
September 9, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
TAP: Surveys with Contractors to Begin
Trans Adriatic Pipeline has authorized its contractors to start surveys.
September 9, 2013
Eight Austrian Banks to be Supervized by ECB
The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.
September 6, 2013
Romania to Issue New Bonds
Romania plans to generate at least € 1bn from a second bond issue.
September 6, 2013
Hungary: New Threats for Foreign Banks
Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.
September 6, 2013
Austria: Spindelegger in Favor of “Creative Model“ for Banks
Deputy Chancellor Spindelegger seems willing to lead open discussions about the extension of bank levies.
September 6, 2013
Another Austerity Package in Austria?
Due to the dismal situation of nationalized banks, the economist Christian Keuschnigg anticipates another austerity package after the election at the end of September.
September 6, 2013
RBI to Take Over Croatian Subsidiary Completely
Vienna-listed Raiffeisen Bank International holds 75% of its Croatian subsidiary. RBI confirmed that the remaining shares of Croatian subsidiary will be acquired.
September 6, 2013
Eurogroup: Greece Requires Further Aids
Crisis-struck Greece will require further support by Eurozone member countries, according to head of the Eurogroup Jeroen Dijsselbloem.
September 5, 2013
VBAG to Start Selling Process of Volksbank Malta Ltd.
The Austrian VBAG has started the selling process of its affiliate Volksbank Malta Ltd. (VB Malta).
September 5, 2013
Faymann: “Banks Should Pay for Hypo”
Austrian Chancellor Werner Faymann does not consider a new austerity package necessary despite of the threatening billions of Euros for the selling and winding-up of the ailing bank.
September 5, 2013
Austrian Banks Register Growing NPL
The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.
September 5, 2013
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