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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Poland: Inflation Decreasing
Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.
March 15, 2013
Romania: Surplus in Balance of Payments
In January, the balance-of-payments current account posted a surplus of EUR 465 million Y/Y.
March 15, 2013
Russia: Former Economy Minister To Become New Governor Of Central Bank
Former economy minister Elvira Nabiullina will take over the post of the Central Bank of Russia (CBR) Governor.
March 14, 2013
Russia: Banks At Risk Of Losing Billions
According to rating agency Moody’s, Russians banking institutes are at risk of losing money to investments in Cyprus.
March 14, 2013
Austrian Banks to Stay in Hungary
In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.
March 14, 2013
Croatia: HRK 380m To Be Paid Into The State Budget
At its session today, the Croatian National Bank (CNB) Council examined the latest monetary and economic indicators as well as a report on the banking system condition in the last quarter of 2012.
March 14, 2013
Slovenia: New Coalition Stands
Slovenia´s new Prime Minister Alenka Bratusek is the head of a four-party-coalition.
March 13, 2013
Orban Wants to Strengthen Hungarian Banks
According to Hungary´s Prime Minister Viktor Orban, the high share of foreign banks is “unhealthy”.
March 13, 2013
Bawag: Solid Operating Performance in 2012
Profit after tax (without restructuring expenses) of € 153.2m slightly above last year’s level.
March 13, 2013
Erste Group to Take over BCR Completely
The Austrian banking group launches a permanent buy-out offer for minority shareholders of BCR.
March 13, 2013
Austria: Hypo Group Still Sailing in Stormy Waters
Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.
March 12, 2013
Austria: Nationalizing Hypo Group Prevented BayernLB from Losses
EU Competition Commission pushes the Austrian government to shut down the loss-making Hypo Group.
March 11, 2013
Slovenia/Croatia: Paving the Way for Brussels
Today, both heads of government, Janez Jansa and Zoran Milanovic, signed the “Memorandum of Understanding” in Mokrice which will permit Croatia to become a full EU member.
March 11, 2013
Austria: Hypo Gets Additional € 700m From State
The EU threatens to close down Hypo Group because of the overdue restructuring measures.
March 9, 2013
Belgrade Initiative to Support Serbia´s Financial System
The first meeting of the Belgrade Initiative, a host country cross-border banking forum, was held in Belgrade today.
March 8, 2013
Hungary: OTP’s Profits Lower Than Expected for Q4
OTP said it had to recover from losses from previous year. Income in the core domestic business fell 17 % to HUF 94.6 bn in 2012. Still, net profits are up 46 %.
March 8, 2013
Czech Republic: Erste Group Cutting More Jobs
Because Erste Group has to save CZK 1bn (€ 39m) this year, economy measures need to be taken.
March 8, 2013
Austria: Negative Outlook for Banks
Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.
March 8, 2013
Austria: RZB About to Take Over Assets of VBAG?
The possible takeover by RZB is still kept in the dark. RBI, however, might absorb Citibank Romania.
March 8, 2013
Austria: Less Money in Foreign Currency Credits
The volume of foreign currency loans has decreased further at the end of 2012.
March 7, 2013
Austria: Hypo Managing Board Warns of Losses
Hypo Group’s managers fear that selling the bank precipitately might lead to additional losses up to € 5bn for the bank and federal state.
March 7, 2013
Austria: Elsner Files Lawsuit in US Supreme Court
Former BAWAG CEO Helmut Elsner filed a lawsuit over $ 1.8bn against members of the Austrian Social Democrat party (SPÖ).
March 7, 2013
Hungary: Percentage of Foreign Direct Investments in Decline
Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
March 4, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
“I do not expect for crediting requirements to tighten”
There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
BayernLB Rejects Settlement with Hypo Group
The German banking group and its former Austrian subsidiary do not reach a compromise. BayernLB wants Hypo Group to repay a loan of € 2.3bn.
March 2, 2013
Romania As Risk Factor for Austria´s Public Finance
The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.
March 2, 2013
Lithuanian Banking Sector: Lending Up, Profitability Down
Over the past year, the assets of banks operating in the country and branches of foreign banks decreased.
March 2, 2013
Alpine: Austrian Ministry of Finance Rejects Waiver
Although the banks reached an agreement, the restructuring of the Austrian construction group may collapse.
March 1, 2013
Alpine: Future Still Highly Uncertain
Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.
February 28, 2013
Fekter Pleased with New Banking Regulations
Austrian Minister of Finance: "Agreement stabilizes banking sector, protects taxpayers and strengthens Austrian SMEs".
February 28, 2013
Austrian Private Banking Market Consolidates
Bank Austria Private Banking sees itself as benefiting from this development. “The idea of security in asset management must constantly be redefined. Investors will have to accept more risk.” Bank Austria says.
February 28, 2013
Erste Group: Profit Higher than Expected
The Austrian bank posts a net profit of EUR 483.5 million in 2012.
February 28, 2013
Erste Group: High Losses Ahead
Analysts believe that the Austrian bank record substantial losses in the fourth quarter of 2012.
February 26, 2013
Bank Austria Plans Radical Reduction of Branches
The biggest Austrian bank wants to reduce the number of branches from 350 to 250 in the next two years.
February 22, 2013
VBAG: Major Losses in Romania
The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.
February 21, 2013
RBI: Profits Declining Significantly
Raiffeisen Bank International posts consolidated profit of € 725 million in 2012.Significantly strengthened core tier 1 ratio of 10.7 per cent
February 20, 2013
Sberbank Threatens to Sue VBAG
Last year, VBAG has sold VBI (Volksbank International) to Russian Sberbank. Now, Sberbank is highly dissatisfied with the performance of VBI.
February 19, 2013
“Sale of Kommunalkredit Will Take Some Time”
Ewald Nowotny, governor of Austrian National Bank, believes that the sale of the nationalized Austrian banking group will take some years.
February 18, 2013
NBU: “Banking Industry Shows an Upward Trend”
Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.
February 18, 2013
Hypo Group: Sale of Austrian Unit „at a Late Stage”
According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.
February 16, 2013
Assets Become More Risky in CESEE Countries
According to S&P, the exposure of Austrian banks in the CESEE region has become more risky.
February 15, 2013
„Selling Hypo Group Needs up to Five Years“
Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.
February 15, 2013
Bank Austria: New Supervisory Board Members
Today, the general meeting of UniCredit´s wholly-owned subsidiary Bank Austria had elected two new members to Bank Austria’s Supervisory Board.
February 14, 2013
Massive Losses in Slovenian Banking Sector
Last year, the banking industry has recorded total losses of more than € 600m, the Slovenian business magazine “Finance” reports.
February 13, 2013
“2012 was a good year for the domestic banking industry”
Ihor Sorkin, governor of the National Bank of Ukraine underlines that the performance of the Ukrainian banking industry was satisfying last year.
February 12, 2013
Bulgaria: Bad and Restructured Loans Decrease
In the last month of 2012 the annual rate of increase of the monetary aggregate M3 decelerated again (to 8.5%), after in November it accelerated to 10.1%, Raiffeisen Research reports.
February 12, 2013
CESEE: Banking Industry Slightly Optimistic
Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.
February 11, 2013
Erste Group Finances Major Slovak Real Estate Project
Erste Group’s Slovak subsidiary co-refinances City Business Centre in Bratislava with EUR 34.5 million.
February 11, 2013
Dispute Between Croatia and Slovenia Solved
Regarding the Slovenian banking group NLB, the Slovenian Minister of Foreign Affairs and his Croatian counterpart have found a compromise.
February 7, 2013
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