Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Slovenia: Business Organizations Post Wishlist to Government
Slovenian business organizations have forewarded a wishlist to the government in which they request more "breathing room" by the lowering of taxes and measures to enhance development and competitiveness.
August 20, 2013
National Bank of Ukraine fully meets domestic demand for cash
The National Bank of Ukraine is committed to developing cashless payments. At the same, cash is needed for retail payments. The growing demand for cash is fully met.
August 20, 2013
Austrian Division of Hypo Alpe Adria Managed to Turn A Profit
In the past half year the Austrian division of nationalized bank Hypo Group made small profits.
August 20, 2013
Slovenia to Expand Bank Stress Test
Instead of formarly three, ten banks are now supposed to be subjected to a stress test. Results are expected until the end of the year.
August 19, 2013
Austria: Kranebitter to Leave Hypo Group
After three and a half years, Gottwald Kranebitter steps back as CEO of nationalized Hypo Alpe Adria. Tax payers are left with a burden running in the billions in the years to come.
August 19, 2013
RBI´s CEO Sevelda: Drastic Losses in Hungary
Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.
August 17, 2013
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Bulgaria: Raiffeisenbank Downgraded by Moody’s
Bulgaria: Moody's downgrades Raiffeisenbank (Bulgaria)'s deposit ratings to Ba2
August 15, 2013
Cyprus: Bailout Should Have Come Sooner
Cyprus should have applied for an EU rescue package in 2011 to avoid the restrictive terms forced on investors to ensure support, its central bank governor said yesterday.
August 14, 2013
Bulgaria: Ministry Reopens Issue of Government Bonds
Bulgaria's Ministry reopens 5-year government bonds issue for maturing on 23 January 2018
August 14, 2013
ECB: New Issuance of Debt Securities Totaled EUR 672 Billion In June 2013.
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in June 2013, compared with 0.1% in May.
August 14, 2013
Hungary to Pay Back IMF Credit
A year earlier than necessary € 2.15bn go back to the International Monetary Fund (IMF).
August 14, 2013
New Erste Group Loan Contributes to La Fantana Recapitalization
La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.
August 13, 2013
Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
August 13, 2013
Austria: State-Owned Bank to Receive Further € 200m
The state subsidy for bad bank of Kommunalkredit has increased to more than € 2bn.
August 13, 2013
20,000 Bank Shops Have Closed Since Beginning of Crisis
60 percent of the costs in the business with private clients are caused by bank shops. Still, banks are hesitant to close them as they fear the loss of long-term clients.
August 12, 2013
Commerzbank: Austria to Miss Budget Goals
Without a new austerity package, Austria will run up more debts than calculated in the bugdet plan, German Commerzbank says. The country’s AAA ratings are likely to decrease.
August 12, 2013
Austria: Banks Indignant At Chancellor Faymann
Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.
August 9, 2013
Fitch: European Investors See Withdrawal of Bank Stimulus
More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013
Hypo: New CEO at Italian Affiliate
Marco Gariglio appointed new General Manager of Hypo Alpe Adria Bank S.p.A.
August 8, 2013
Erste Paid Back € 1.22 to Austrian State
On Thursday, Erste Group announced that the participation capital in the amount of € 1.76 was paid back completely.
August 8, 2013
Raiffeisen Bank International AG - SWOT Analysis & Company Report
This report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
August 8, 2013
UniCredit: No Withdrawal from Hungary
CEO of UniCredit Federico Ghizzoni has rejected rumors about disengagement plans from Hungary.
August 7, 2013
Hypo Group: Reason for “Budget Lie”
The situation of ailing bank Hypo Alpe Adria may be worse than assumed. The supervisory board of the bank and the taskforce are discussing about the half-yearly report.
August 7, 2013
Loan Loss Provisions Impede Higher Profits for Bank Austria
Results for the first half of 2013: Bank Austria posts net profit of EUR 566 million for the first half of 2013.
August 7, 2013
Credit Crunch in CESEE?
The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.
August 7, 2013
UniCredit to Focus on Poland, Turkey and Russia
UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.
August 6, 2013
Turkey: Banking Sector Improves Profitability
In the first six months of 2013, net income of Turkey´s banking sector was up by 20%.
August 6, 2013
RBI Considers Withdrawing from Hungary
The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.
August 6, 2013
Arab Partner for RBI?
Karl Sevelda, CEO of Raiffeisen Bank International, indicated that an Arab investor may become a shareholder.
August 5, 2013
Croatia: Foreign Currency Loans No Danger for Banks
About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.
August 5, 2013
Bad Bank for Hypo Group?
According to market rumors, Austria´s government wants domestic banks to participate in a bad bank for the nationalized Hypo Group. Finance Minister Maria Fekter denies such reports.
August 5, 2013
Slovenian Banking Sector: Equity Capital Base Improves
The banking system’s overall capital adequacy improved last year to 11.9% on average. The banks primarily focused on improving their core Tier 1 capital ratio, which was up 1.1 percentage points to stand at 10%.
August 3, 2013
Slovenian Real Estate Sector Shrinks
The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.
August 3, 2013
Slovenian Banking Sector Still Under Enormous Pressure
Besides the decreasing negative net income and the high impairment losses, Slovenia´s banks register a decreasing lending activity. Deposits are going down as well.
August 2, 2013
Slovenia: Non-Performing Loans Stabilizing
The Slovenian banking industry still suffers from a high NPL quota. The NPL volume is going down slightly, however.
August 2, 2013
Moody’s to Examine Hypo Pfandbriefe
The Aa2-Rating of Pfandbriefe of Hypo Group without governmental guarantee are under observation. This is because of the insecurity of the final decision of the EU Commission about the restructuring plan.
August 1, 2013
Cyprus Is Showing Progress
According to estimates by its international creditors, Cyprus is showing progress at the reorganization of its state budget.
July 31, 2013
Slovenia Likely to Overcome Problems in Banking Sector
Slovenia’s problems in banking sector are controllable, according to experts.
July 31, 2013
Eurozone: Business Investments Decreased to 18.8 Percent
Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively
July 31, 2013
Bulgaria: Danger of Policy Drifting
Bulgaria's fundamentals are strong but politics suggest policy drift.
July 31, 2013
Ukraine’s Banking System to Approximate EU Standards
Introduction of Basel-II regulation earlier in 2013 helped banks create more reserves.
July 31, 2013
Slovenia Lures Russian Investors
Slovenia invites Russian investors to participate in privatization plans.
July 30, 2013
47.5 Percent Compulsory Levy in Cyprus
Major investors are losing almost half of their assets.
July 30, 2013
Meager Profits for Erste Group in First Half 2013
Erste Group posts net profit of EUR 301.2 million for first half of 2013; risk costs decline
July 30, 2013
RBI Trying to Avoid Becoming “Cash Cow“ in Hungary
In an interview with “Wirtschaftsblatt“, CEO of RBI Karl Sevelda talks about further burdens in Hungary and the bank’s reaction to them, capital increase and how participation capital can be replaced.
July 29, 2013
Two Interested Parties for Hypo Alpe Adria Italia
Two investors have shown their interest for the take-over of Italian affiliate of nationalized Hypo Alpe Adria. Banca Popolare di Vicenza and a British-Indian Group are claimed of being interested.
July 29, 2013
Russia: Stronger Regulations for Market for Consumer Loans
Business with consumer credits have started comparatively late in Russia. Now, the market is supposed to be regulated further.
July 29, 2013
ECB: No Risk of Deflation in Europe
The European Central Bank (ECB), in contrast to the International Monetary Fund (IMF), does not see the danger of a general downward trend in prices with all its negative effects for the economy.
July 29, 2013
Hypo Group: Massive Losses in Italy
The Italian affiliate of Austrian problem bank Hypo Alpe Adria has notched up considerable losses.
July 25, 2013
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