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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Raiffeisen: CEE Network to be Closed
Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.
October 1, 2012
Bank Secret: Semeta Criticizes Austria´s Position
According to the EU Commissioner Algirdas Semeta, Austria´s bank secret is “out-dated”. He criticizes that Austria and Luxembourg still reject to give up the bank secret.
October 1, 2012
Sale of Kommunalkredit: First Offers Expected
The nationalized Austrian bank should be sold until June 2013. Next week, the first non-binding offers are expected.
September 29, 2012
Slovenia “No Bail-Out Candidate”
Slovenia ´s former Prime Minister Anton Rop is optimistic that the country will manage the crisis.
September 27, 2012
Crucial Days for Slovenia
This week, Slovenia´s Parliament may decide on establishing a bad bank. After Prime Minister Janez Jansa warned of a national bankruptcy, the Slovenian opposition is under pressure.
September 26, 2012
Banking Package: Costs up to € 4.8bn
The Austrian Audit Court expects that the banking package will be much more expensive than it was said before. Moreover, the Audit Court criticizes the government massively. The control mechanism would be too weak.
September 26, 2012
Hypo Group: Problems in Italy
The Austrian banking group, which was nationalized in 2009, must downsize. The sale of the Italian subsidiary proves difficult, however.
September 25, 2012
Slovenia Creates Bad Bank
The Slovenian government aims to lower risky assets of the financially stricken banking sector. A major capital increase may be necessary.
September 21, 2012
VBAG to Cut More than 1,000 Jobs
Today, the Austrian problem bank announced to sharpen its austerity program radically. Until 2017, VBAG must be downsized to the half of its current size.
September 21, 2012
Haynes: Cerberus Supports Bawag
Bawag´s CEO Byron Haynes confirms that the bank will cut jobs. The customer segment should be kept, however. Instead, the cost structure should become more efficient.
September 20, 2012
Poland: Standard & Poor´s Upgrades Banking Industry
The U.S. rating agency upgrades the banking sector´s risk score.
September 20, 2012
European Commission Approves State Aid for VBAG
The European Commission has today approved the comprehensive restructuring plan developed by Österreichische Volksbanken-AG (VBAG) in the wake of the financial and economic crisis to restore long-term profitability.
September 19, 2012
Costs of Austrian Banking Package: € 2.36bn
Since 2008, the Austrian government has resolved rescue packages worth € 21bn. Expenses totaled € 4.169bn, revenues reached € 1.814bn.
September 19, 2012
Austria Wants to Unload Hypo Group
In 2009, BayernLB sold the financially stricken bank to the Austrian state. Now, the Austrian Republic may appeal against the sale.
September 18, 2012
Bawag to Cut 700 Jobs
The Austrian bank plans to sharpen its austerity program. The private trade segment should be downsized in order to reduce the equity requirement.
September 18, 2012
Implementation of Banking Union to be Postponed
Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.
September 17, 2012
Austrian Economy at a Standstill – "But probably not for long"
Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.
September 17, 2012
VBAG Streamlines Management Board
Wolfgang Perdich to step down from Board of Management on 30 September 2012.
September 17, 2012
VBAG Redeems Bonds
The partly nationalized Austrian bank has repaid bonds guaranteed by the Austrian state.
September 14, 2012
Banking Union: Austrian FMA Wants to Integrate Eastern European Countries
According to the board of Austria´s Financial Market Authority, not only the banks of the Eurozone should be supervised.
September 13, 2012
Hypo Group Cuts Jobs in Italy
The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.
September 13, 2012
Erste Group Expects Higher Equity Quota
The Vienna-listed Erste Group expects that a new minimum equity quota will be prescribed in 2013.
September 12, 2012
Bank Austria: Bernkopf New Management Board Member
Helmut Bernkopf becomes Management Board member of Bank Austria with responsibility for the bank’s private and corporate customers
September 11, 2012
Hungary: Bank Tax Intake Lower than Expected
The bank tax proceeds only reach 40% of the planned volume.
September 10, 2012
Slovenia: Juncker Calls for Reforms
The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”
September 10, 2012
S&P Criticizes Weak Capital Base of Austrian Banks
According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.
September 7, 2012
S&P: Foreign Currency Loans Endanger Austrian Banks
According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.
September 6, 2012
Hypo Group´s Capital Shortfall at € 2.2bn
Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.
September 6, 2012
Oberbank to Expand in Hungary
The Austrian regional banks plans to open new branches in Hungary
September 5, 2012
Slovenia „No Problem for Austrian Banks“
Although Austria is the biggest investor in Slovenia, the Austrian banking industry does not fear a national bankruptcy.
September 5, 2012
Five Potential Buyers for Kommunalkredit
Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.
September 4, 2012
Hypo Group Reduced Capital at Croatian Subsidiary
The Austrian nationalized bank cut the stock capital of the Croatian subsidiary by € 100m.
September 3, 2012
Slovenia: “Danger for Austrian Banks is Limited”
Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.
September 3, 2012
Bank Union: Austrian Banking Industry Cautious
European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.
September 1, 2012
Outstanding Foreign Currency Loan Volumes Continue to Fall
The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.
September 1, 2012
RLB Lower Austria – Vienna Decreasing Net Income
RLB (Raiffeisenlandesbank) Lower Austria-Vienna published its results for the first six months of 2012. Net income and operating profit were down.
September 1, 2012
Capital Shortfall at Hypo Group up to € 2.0bn
OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.
September 1, 2012
Croatian Crisis Aggravates
For Croatia, the end of the severe recession is not foreseeable. Croatia´s real economy is hit hard, the financial sector suffers from bad loans.
August 31, 2012
Slovenia in a Vicious Circle
Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.
August 31, 2012
Satisfactory Half Year Result for VBAG
Österreichische Volksbanken-Aktiengesellschaft (VBAG) Group has ended the first six months of 2012 with a result before taxes of € 49m.
August 31, 2012
Nowotny: Austrian Banking Sector “More Boring, but More Stable”
European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.
August 31, 2012
Pribil: „ECB Must Not Become Safe Haven for Zombie Banks”
At the European Forum Alpbach, the Director of the Austrian Financial Market Authority (FMA) Kurt Pribil stresses the importance of a centralized banking supervision authority.
August 31, 2012
Debt Crisis: “Somebody Will Have to Pay”
European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.
August 30, 2012
RZB Posts Moderate Profit Increase
RZB´s (Raiffeisen Zentralbank) profit before tax rose 6.2 per cent to € 931m. Return on Equity increased mildly to 16.2 per cent (+0.4 percentage points)
August 29, 2012
RBI Improves Results
Raiffeisen Bank International's consolidated profit for the first half of 2012 rises by 13.9 per cent to € 701m. The net interest income was down by 3.6%. The second quarter´s results were down.
August 29, 2012
Bawag´s Profit Is Decreasing
In the first half of 2012, Bawag´s earnings were down moderately. The net income declined by 14%.
August 28, 2012
Goldman Sachs Lowers Expectations for Austrian Banks
The U.S. investment bank anticipates decreasing earnings.
August 27, 2012
Crisis in Eurozone: Stepic Is Optimistic
In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.
August 25, 2012
Bulgaria: Bad Loans Declining
Contrary to the trend in Southeastern Europe, the Bulgarian banking sector records a substantial relief.
August 25, 2012
Austrian Business Lending On the Rise
In the second quarter of 2012, business loans were up by 2.8%. By contrast, lending in the Eurozone decreased by 0.6%.
August 24, 2012
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