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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Bulgaria: Lending Growth Close to Freezing Point
The increase in deposits also decelerates. The annual rate of growth of money supply (measured by means of the M3 aggregate) slowed down in October to 8.6% (it was 8.8% in the previous two months), Raiffeisen Research says.
December 14, 2012
Polish Government Considers Joining Banking Union
Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.
December 14, 2012
EU Guarantees Stability of Czech Banking Sector
The Czech Republic will not use its right to veto. In return, the EU guarantees the stability of the Czech financial sector.
December 14, 2012
Hypo Group Refuses to Repay Loans to BayernLB
Today, the management board and the shareholders of the Austrian nationalized bank resolved to stop payments to the former owner BayernLB. BayernLB files a lawsuit against Hypo Group.
December 13, 2012
Banking Supervision to Control Nine Austrian Banks
Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.
December 13, 2012
CEE Countries May Join Banking Union
ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.
December 13, 2012
Austrian Banking Package: Losses total € 1.9bn
According to Austria´s Financial State Secretary Andreas Schieder, preliminary losses of the banking package come at € 1.9bn. Further losses are expected.
December 13, 2012
Czech Finance Minister: „No Reason to Veto Banking Union“
The Czech Minister of Finance Miroslav Kalousek announced that the Czech Republic has no concerns against the banking union in the Eurozone.
December 12, 2012
Zavarovalnica Maribor Remains Slovenian
The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.
December 11, 2012
Bank Austria: Major Losses in Kazakhstan
In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.
December 11, 2012
Hypo Group Expects Enormous Challenges
„Next year will be very difficult.“ CEO Gottwald Kranebitter says in an interview with “WirtschaftsBlatt”.
December 10, 2012
RBI Sells Stake in RHI
The Austrian Raiffeisen Bank International sells the 7.3% interest in the Austrian refractory company.
December 7, 2012
Hypo Group: Deadline Expires
Today, the first deadline for the sale of Hypo Group´s subsidiaries in Southeast-Europe expires.
December 7, 2012
Immofinanz: New Major Project in Germany
With the Casa Stupenda, a pioneering plus-energy house is under construction in Duesseldorf’s MediaHarbor. The outstanding construction costs total approx. € 100m, and completion is scheduled for 2015.
December 6, 2012
Czech Republic Still May Use Veto Against Banking Union
The Czech government wants to secure the rights of national regulation authorities.
December 5, 2012
EU Approves State Aid for Hypo Group
The EU Commission has no objections against the state aid with a size of € 1.5bn.
December 5, 2012
CNB Underlines Stability of Czech Banking Sector
According to CNB, the banking industry is able to bear potential external shocks.
December 5, 2012
Sberbank Intensifies its Relations with Turkey
In future, the Sberbank of Russia is to step up its activities in Turkey and on December 3, 2012 signed two landmark agreements to this end.
December 5, 2012
Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved
Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.
December 5, 2012
Banking Supervision: Fekter Calls for Flexibility
Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.
December 4, 2012
Rothensteiner: „No Credit Crunch“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.
December 3, 2012
Czech Republic: Deposits Grow Substantially
At the end of September, client deposits at Czech banks reached CZK 3,100bn. Compared to September 2011, this is an increase by 8.3%.
December 1, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
VBAG Records Operating Losses
The Group result was positive only because of one time effects due to accounting regulation. Next year, VBAG expects substantial losses again.
November 30, 2012
Slovenia to Inject Further Money in NLB
The biggest Slovenian banking group NLB records a capital shortfall of € 375m. Risky loans reach more than € 1.5bn.
November 29, 2012
The Banker: RBI Bank of the Year in CEE
Already fourth award for RBI as “Best Bank” in CEE this year. Network banks in Albania, Belarus, Bosnia and Herzegovina and Romania receive local “Bank of the Year“ awards.
November 29, 2012
IMF: Higher Risks for Austrian Banks in CESEE
In an interview with the Austrian news magazine “Presse”, IMF´s Executive Director Johann Prader explained that the European debt crisis has arrived in Central, East and Southeast Europe.
November 28, 2012
„Too Many Banks in Austria“
Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.
November 28, 2012
Austrians Reject Further Bank Aids
About 61% of the Austrian citizens are against further bank aids by the Austrian state. Economists fear that the bank aids are lost forever.
November 28, 2012
RBI: Net Income Up by 13%
Raiffeisen Bank International posts a profit before tax of more than € 1bn for the first three quarters.
November 28, 2012
RBI Expected to Record Higher Net Results
Tomorrow, Raiffeisen Bank International (RBI) publishes its results for the first nine months of 2012. The interest income is anticipated to decline slightly.
November 27, 2012
KA Finanz: Capital Shortfall to Become Bigger
The financially stricken bank is expected to need further cash contributions.
November 24, 2012
Hungary: Small Concession for Banking Industry
The banking sector in Hungary is under pressure. The government in Budapest decided to pay back debts of municipalities by the end of the year.
November 24, 2012
Slovenian NKBM in Difficulties
The second-biggest Slovenian Nova Kreditna Banka Maribor (NKBM) bank suffers from its risky assets. The NPL quota is still on the rise.
November 22, 2012
RBI Threatens to Leave Hungary
The Austrian Raiffeisen Bank International criticizes the burden for the banking sector in Hungary.
November 22, 2012
Ukrainian Banking Sector Expands Slightly
Despite the economic slowdown in the Ukraine, lending is on the rise.
November 19, 2012
Bawag: Cerberus Shares Ownership with U.S. Hedge Fund
The U.S. hedge fund Golden Tree Asset Management becomes a 40% shareholder at the Austrian bank.
November 19, 2012
Austria´s Budget Deficit to Decrease Slightly
Today, the Austrian National Assembly has resolved the budget for 2013. This year, Austria will not fulfill the Maastricht Criteria.
November 16, 2012
Treichl: Austria Should Cooperate with CEE Countries
Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.
November 16, 2012
Bank Austria Considers Withdrawing from Kazakhstan
ATF-Bank, the Kazakh subsidiary of Bank Austria is said to be sold.
November 16, 2012
Immofinanz: Major Success in Hungary
The Austrian real estate company concludes one of the biggest logistics leasing transactions of the year in Hungary.
November 15, 2012
Hypo Group: Cash Contributions Come at € 500m
The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.
November 14, 2012
CESEE: Massive Capital Outflow
In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.
November 14, 2012
Bank Austria: “Austrian agriculture has optimistic prospects for the future”
Agricultural revenues grew by roughly one third in 2010 and 2011 to EUR 2.6 billion. Agriculture loses a bit of momentum in 2012: Losses in revenue despite price increases due to dramatic decline in harvest yields.
November 14, 2012
Bank Austria Posts Net Profit Increase
Net operating profit up by 11 per cent thanks to slight growth in customer business, flat cost trend and further decline in provisioning charge.
November 14, 2012
Hungary: Head of Banking Association Resigns
The chairman of the Hungarian Banking Association Mihaly Patai steps down. He explains that the Hungarian state overburdens the banking sector.
November 13, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
CESEE: Lending Shrinks
Foreign banks reduce lending in Central, Eastern and Southeastern Europe. Hungary and Southeastern Europe are most affected.
November 12, 2012
Slovenia Still Rules Out Calling for Rescue
The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.
November 10, 2012
VBAG Expects Substantial Losses in 2012
This year, the partially nationalized Austrian bank will record losses reaching a two-digit million amount.
November 10, 2012
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