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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
„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
Size of Austrian Bank Aid: € 20bn
Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.
February 5, 2013
Rothensteiner: „Bank Taxes Cause a Cut in Lending”
Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) says that bank taxes have a detrimental impact on the economic development.
February 5, 2013
Slovenia: Non-Performing Loans Still on the Rise
The banking system’s high credit risk increased slightly in the first nine months of the year, but at a slower pace than in 2011.
February 5, 2013
Slovenia´s Banking Industry in Distress
Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.
February 5, 2013
RBI Posts Smaller Profit
RBI: Full year pre-tax profit 2012 slightly above € 1 billion (consolidated profit over € 700m).
January 31, 2013
Sale of Kommunalkredit to Collapse?
The sale of the Austrian nationalized bank is everything but successful. The sale will have to be postponed again.
January 31, 2013
Hungary: Lending Declines
Household and non-financial corporate sector interest rates: December 2012.
January 31, 2013
Nowotny Underlines Improving Outlook
Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.
January 30, 2013 · Updated: January 30, 2013; 18:34
OeNB: Austrian Banks Remain Cautious
According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.
January 30, 2013
Slovenia: Corporate Lending Falls Considerably
Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013
Serbia: Foreign Debt Grows
Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.
January 30, 2013
Bank Austria Centralizes Operations in Baltic Countries
The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.
January 29, 2013
Austria: Non Performing Loans on the Rise
According to RBI´s (Raiffeisen Bank International) CEO Herbert Stepic, the NPL quota has risen in Austria last year.
January 29, 2013
Peter Czapek becomes CEO of Bank Austria Real Invest
Gerhard Dreyer, 53, now responsible for Investment and Asset Management as well as Group Investments. Günter Hofbauer, 47, remains responsible for risk management and controlling.
January 29, 2013
„Our Future is Central and Eastern Europe“
Andreas Treichl, CEO of Austrian Erste Group, stresses the importance of the CESEE region and the necessity to become more efficient.
January 29, 2013
Austria: Kommunalkredit May Become Even More Expensive
According to experts, the bail-out of the Austrian fully nationalized bank is not managed yet. Austrian taxpayers must expect further capital injections.
January 26, 2013 · Updated: January 26, 2013; 20:24
Erste Bank Savings and Credit Outlook: Austrians Only Cautiously Optimistic
Austrians: only one third expect an improvement in Europe's economic situation this year
January 25, 2013
EU Wants Austria to Give Up Bank Secret
Commissioner Algirdas Semeta threatens with a complaint against Austria. According tom him, Austria and Luxembourg are blocking the automatic information exchange.
January 25, 2013
Bank Austria Places € 500m Bond
Bank Austria today issued a five-year bond with a volume of EUR 500 million. This was the first euro-denominated senior unsecured benchmark bond from the bank in over seven years, and the first benchmark bond issued this year.
January 24, 2013
Treichl: „BCR Will be Positive this Year“
Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.
January 24, 2013 · Updated: January 24, 2013; 21:58
Stepic on Austrian Banking Sector: „There is some Need for Reforms”
In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.
January 19, 2013 · Updated: January 19, 2013; 19:31
VBAG: Raiffeisen Tries to Justify Breach of Contract
In an interview with the Austrian newspaper “Standard”, RZB´s (Raiffeisen Zentralbank) CEO Walter Rothensteiner explains why the banking group did not acquire loas from VBAG.
January 16, 2013
Erste Group: Austerity Cuts Also in Austria
After sharp austerity measures in Romania and Hungary, the banking group wants to reduce personnel costs in Austria.
January 15, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)
Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)
Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (1)
The CEE banking sector keeps showing good profitability with revenue margins narrowing but still above Western European levels.
January 15, 2013
Erste Group: Massive Write-Downs in Romania
The Austrian banking group reduces goodwill by € 300 million.
January 15, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
VBAG: High Losses Ahead
The partially nationalized Austrian bank is expected to record losses of more than € 150m in 2012.
January 12, 2013
Hungary Suffers from Capital Outflow
Hungary´s banking industry faces a substantial loss of confidence. More and more Hungarians shift their deposits to foreign banks.
January 9, 2013
Poland Plans Bank Taxes
The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013
Austrian FMA Sharpens Lending Rules for Foreign Currency Loans
The Austrian Financial Market Authority changes the rules for banks which grant foreign currency loans.
January 2, 2013
Bawag Concludes Capital Increase of € 200m
Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.
December 28, 2012
WIFO: „Shut Down Hypo Group“
The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.
December 27, 2012
Bawag: Changes in Management Board
Retail director Wolfgang Klein becomes Deputy CEO of the Austrian bank. Corey Plinkston joins the management board. Byron Haynes keeps his position as CEO:
December 22, 2012
Hypo Group: Supervisory Board Wants Bad Bank
Johannes Ditz, chairman of Hypo Group´s supervisory board thinks that the bank will need even more time to scale-down its risky assets.
December 22, 2012
RZB: „Hypo Group Is No Issue“
Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) will not bid for Hypo Group´s subsidiaries.
December 21, 2012
CESEE: Deposit Growth Slows Down
Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012
Bank Taxes: RZB Records Costs of € 168m
For Austrian RZB (Raiffeisen Zentralbank), bank taxes in Austria, Hungary and Slovakia come at € 168m. RZB will not leave Hungary, CEO Rothensteiner says.
December 20, 2012
Erste Group Withdraws from Ukraine
Austrian Erste Group enters into an agreement to sell Erste Bank Ukraine.
December 20, 2012
Raiffeisen: “No signs of a regional deleveraging trend in CEE”
Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.
December 20, 2012
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