Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Slovenian Government to Approve Adjusted Budget
The Slovenian government today plans on implementing the revised budget for next year and the draft for the 2015 budget.
September 30, 2013
Romania Cuts Base Rate to Record Low
The Romanian Central Bank has cut the base rate to a record low of 4.25 percent.
September 30, 2013
Austrian Industry Continues Upward Trend
Developments in Austria follow the European trend.
September 30, 2013
Hypo Group: Sale of Assets in SEE to Take Forms
The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.
September 29, 2013
CESEE: Consumer Loans Decline Considerably
Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.
September 29, 2013
RZB: Leasing Segment Proves Difficult
Last year, the leasing subsidiary of Raiffeisen Zentralbank (RZB) has recorded massive losses. In the next years, the leasing business will not return to profitability.
September 28, 2013
"European bank supervision sends a strong signal to financial markets"
Austrian Federal Minister of Finance Maria Fekter welcomes favourable European Parliament decision on bank supervision.
September 28, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
Austrian Bank Tax Paid By Bank´s Customers
The Austrian Institute of Advanced Studies (IHS) reports that it is “likely” that banks shift the burden to their customers.
September 26, 2013
Raiffeisen Sector: Austerity Cuts Ahead
RZB (Raiffeisen Zentralbank), the majority shareholder of Vienna-listed RBI (Raiffeisen Bank International) plans to reduce its costs substantially.
September 26, 2013
Slovenia: PM Takes International Bailout into Consideration
For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.
September 26, 2013
Slovenia: Economic Outlook Deteriorates
Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.
September 26, 2013
Raids at Ukrainian Affiliate of Bank Austria
Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.
September 25, 2013
RBI: Drastic Austerity Measures Ahead
Vienna-listed Raiffeisen Bank International will have to cut costs by € 450m within 3 years.
September 25, 2013 · Updated: September 25, 2013; 10:41
Poland: Warsaw Stock Exchange to Introduce WIG30
The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
September 23, 2013
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
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