Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Slovenia: Condition of Banking Sector Still Critical
In the first five months, the Slovenian Banking has recorded a net loss of € 117m. Lending goes down substantially.
July 18, 2013
Erdogan Attacks Banks
Turkey´s Prime Minister wants to strengthen his fight against the over-indebtedness of private Turkish households. According to Erdogan, banks are responsible for the unfavorable situation.
July 18, 2013
Does RBI Need a Partner?
The Austrian “Wiener Zeitung” reports that RBI (Raiffeisenbank International), the second-biggest lender in the CESEE region, has a capital requirement of more than € 5.0bn.
July 17, 2013
Poland: Banking Sector Faces Downward Trend
According the Poland´s National Bank NBP, the profitability of the Polish banking sector is expected to decline further.
July 17, 2013
„Austrian Banking Sector Still Weakly Capitalized“
Austrian National Bank (OeNB) criticizes that the domestic banking sector did not improve the equity base sufficiently.
July 16, 2013
Moody´s Cuts Bank Austria´s Rating
According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.
July 16, 2013
RBI Plans on Reconstructing Branch Banks
The new concept of Karl Sevelda, successor of former CEO Herbert Stepic, is becoming clearer. He has inherited the task to reconstruct the capital of Basel-III.
July 15, 2013
Fekter: Horror Figures with Hypo’s Restructuring Plan.
The restructuring plan for Hypo Alpe Adria involves several scenarios, which Finance Minister Fekter does not want to mention. The “horror figures” tax payers are burded with are set up “in an apocalyptical way”, according to her.
July 15, 2013
Austria: Speculations About Kranebitter’s Sucessor
It is still unclear who will become new CEO of ailing bank Hypo Group. Gottwald Kranebitter will resign in mid-August.
July 12, 2013
Czech Republic: Gloomy Prospects for Economy
The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013
Erste Group Bank AG - SWOT Analysis & Company Report
This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.
July 12, 2013
Fekter: Capital Aids for Hypo Included in Next Budgets
Finance Minister Maria Fekter sticks to it: „We will reach a zero deficit in 2016 and have a slight surplus in 2017,”she announced during the presentation of the economic report 2013 on Wednesday.
July 11, 2013
Austrian Economy Dependent on Neighbor Countries
Austria’s economy is getting through the crisis better than the Eurozone. However, the country owes this partly to neighboring countries.
July 11, 2013
Slovenia Can Afford Bank Sector Cleanup Itself
Slovenia intends to use its own funds and avoid having to ask the Eurozone or IMF for aid to restore the stability of its banking sector, said the country's finance minister Uros Cufer.
July 10, 2013
Russian Car Market to Get New Lift
The number of sales of new cars in Russia has declined 11 percent. This is the fourth month in a row showing declines, according to the figures of the Accociation of European Businesses (AEB).
July 10, 2013
Alpine Bankruptcy Hits Clients Hard
According to real estate experts problems for home builders have just started.
July 10, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Slovenia’s Banking Sector Threatened by Delay of Bad Bank-Transfers
After the EU Commission denied approval for the first transfers of bad loans to the bank asset management by June 28, the reorganization of the banking system in Slovenia has been postponed.
July 9, 2013
Latvia: Joining the Eurozone
Lativa is becoming the 18th country in the Eurozone. The EU Economy and Finance Ministers have given their green light for the admission.
July 9, 2013
Poland: NBP Downgrades Forecasts for GDP and CPI
The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.
July 9, 2013
OeNB Favors Examination of Bad Bank for Hypo
The Austrian National Bank (OeNB) has, according to Govenor Ewald Nowotny, requested to examine models for the establishing of a bad bank for Hypo Group. This was announced by Nowotny on Monday
July 8, 2013
Hypo: Greens vs. Fekter
The debate about a Hypo Group has turned out a genuine match between deputy chief of the Austrian Green Party Werner Kogler and Finance Minister Fekter.
July 4, 2013
Slovenia: Trying to Make a Difference
The crisis measures approved by Brussels are partially starting to make an impact. Since July 1, the higher tax rate of 22 percent is binding. However, the country does much more than just raise taxes.
July 3, 2013
Bank Austria to Close 67 Subsidiaries
UniCredit Affiliate Bank Austria plans to close 67 subsidiaries – a quarter of its 270 stores for private costumers until 2015.
July 3, 2013
EU Commissioner Open for Extension of Deadline for Hypo Group
EU Competition Commissioner Joaquin Almunia presented himself open to the extension of the winding-down of Hypo Group.
July 3, 2013
Fekter: Kranebitter „Weary of Office“
Hypo CEO Kranebitter resigns and settles a score with the Finance Ministry in an open letter. He decided to step back after three and a half years because “major parts of the work were damaged”.
July 3, 2013
Erste Group Successfully Completes EUR 660.6 Million Accelerated Bookbuild Offering
Issue size of the capital increase: 35,231,353 new shares at a final subscription and offer price of EUR 18.75 per share.
July 2, 2013
Hypo Group: CEO Kranebitter Steps Back
Kranebitter announced to stay until the half-year accounts are published. On Monday it became known that the ailing bank will in all likelihood require more state aid than planned.
July 2, 2013
Hypo Group: CESEE Units to be Sold Until Mid-2015
The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.
July 1, 2013
Crisis in Slovenia Might Take Longer Than Expected
According to the latest economic report by auditing firm Ernst&Young;, the financial crisis in Slovenia will take longer than expected beforehand. However, the country should still be able to avoid international bailout.
July 1, 2013
Hypo Group: Government Hopes For Expansion of Deadline
The restructuring plan for Hypo Group has been handed in to Brussels. It is still unclear whether the deadline will be expanded.
July 1, 2013
Slovenia Likely To Require Bailout
According to Capital Economics Ltd. Slovenia will in all likelyhood ask for a bailout to bolster its ailing banking sector in case the debt crisis in Europe should worsen.
June 28, 2013
Hungary: New Tax for Banks
According to a legislative proposal by Economy Minister Varga, banks would have to face a further burden of around € 250m.
June 27, 2013
VBAG And RZB Group Reach An Agreement
VBAG and RZB Group conclude contract on the aquisition of assets.
June 27, 2013
RBI Will Take Its Time With the Repayment of Participation Capital
It is not yet clear when RBI will pay back state participation capital in the amount of € 1.75bn.
June 27, 2013
Hypo Group and BayernLB Keep on Fighting
Hypo Group responds to the BayernLB’s lawfile at the Regional Court in Munich. Both banks will not give up their very hard stance.
June 26, 2013
RBI: Increase in Dividend Payment
Raiffeisen Bank International's Annual General Meeting approves dividend of € 1.17 per share.
June 26, 2013
Hypo Group: Commisson Against Extension of Deadline
Austria will in all probability not be granted an extension of the deadline for the winding down of Hypo Alpe Adria. This was announced by EU Competition Commissioner Joaquin Almunia
June 26, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
Raids at Hypo Group in Italy
Because of suspicions of tax fraud Hypo Group’s affiliate in Udine was searched by the Italian police.
June 25, 2013
Fekter: "1.76 Billion Repayment by Erste Bank is Good News for Taxpayers"
Thanks given to Erste Bank for repayment of EUR 1.76 billion in participation capital
June 25, 2013
Erste Group to Pay Back € 1.8bn in State Aid
The Austrian banking institute plans on not only paying back its debts at the state but also to significantly increase equity capital.
June 24, 2013
Slovenia Expects Economic Recovery As Soon As 2014
On Saturday, the Slovenian Finance Ministry expressed its confidence that the newly adopted action plan would help stabilize public finances and help gain economic recovery despite of Fitch’s downgrade.
June 24, 2013
Austria: Investigations on Loan to Alpine
Apparently ailing bank Hypo Group plays a role in the bankruptcy of Austrian construction company Alpine. The bank is supposed to have granted a bridge loan.
June 21, 2013
Changes to the Management Board of Erste Group
CFO Wimmer to retire, Mittendorfer to take over.
June 21, 2013
Hypo: Deal with Russian Oligarch with “Proper Mortgage”
The investigations into money laundering at the Federal Criminal Office concerning the business with Russian oligarch Vladimir Antonov were brought to an end without any results. There were no arms among the securities.
June 20, 2013
Hypo Group: Business With Russian Oligarch
Austrian magazine „News“ unveils a remarkable business connection of Hypo Group from 2008.
June 19, 2013
Cyprus Demands Further Capital Aid
In a letter to the European Union, President of Cyprus Nikos Anastasiades demands further capital support for the Bank of Cyprus, the “Wallstreet Journal” reports. According to him, Cyprus’ economy depended on it.
June 19, 2013
Alpine Facing Bankruptcy
The restructuring of Austria’s second biggest construction company Alpine has failed. The enterprise therefore has to face bankruptcy.
June 19, 2013
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