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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
NKBM Suspected of Money Laudnering
The second-largest Slovenian bank does not only face financial problems. NKBM´s management is alleged to have practiced money laundering activities.
August 23, 2012
Fekter Does Not Exclude Further Bank Aids Anymore
Austria´s Finance Minister Maria Fekter admits that the three nationalized banks Hypo Group and Kommunalkredit/KA Finanz may need further capital injections. In the past, Fekter denied the need of further bank aids.
August 23, 2012
Bawag May Sell Leasing Unit
The Austrian lender Bawag, which is owned by the U.S. investment fund Cerberus, is said to sell its leasing business.
August 23, 2012
Croatia: Non-Performing Loans on the Rise
Almost one out of seven loans is classified as “non-performing.” A further aggravation is rather likely.
August 22, 2012
Several Potential Buyers for Kommunalkredit
In 2013, the nationalized Austrian bank must be re-privatized. The buyer won´t be an Austrian bank.
August 21, 2012
Lay-Offs in Polish Banking Sector Ahead
According to the Polish newspaper Rzeczpospolita, about 2,500 employees may lose their jobs in the banking industry.
August 21, 2012
Ukraine's Banking System Demonstrates a “Sustainable Development”
Deputy Head of the National Bank of Ukraine Igor Sorkin commented on the situation in the Ukraine’s banking system for the first half-year 2012. Lending is on the rise.
August 21, 2012
Hypo Group: Major Risk Factor for BayernLB
The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.
August 18, 2012
VBAG to Sell Container Business
The Austrian partly nationalized bank is said to sell its container leasing business for € 163m.
August 18, 2012
Foreign Currency Loans Decrasing
Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.
August 17, 2012
Dispute Over Hypo Group
Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.
August 16, 2012
Croatian Banks Record Lower Profits
In the first six months of 2012, the net income generated by Croatian banks was down by 19%. The Croatian economy is expected to shrink this year.
August 16, 2012
Non-Perfoming Loans on the Rise in Austria
In the last three years, the size of non-performing loans held by Austrian banks has doubled. At the end of 2011, the NPL volume stood at € 18bn.
August 16, 2012
Demerger at Hypo Group Resolved
In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.
August 14, 2012
Slovenia to Establish a Bad Bank
The Slovenian government wants to support the financially stricken banking sector. Risky assets should be outsourced to separate banks.
August 14, 2012
Hypo Alpe-Adria-Bank in the Red Again
Today, the nationalized bank announced its half yearly result for 2012. Net Results reached € 10m.
August 13, 2012
Hypo Alpe Adria Divests TLM-TVP in Croatia
The nationalized Austrian bank successfully has sold the aluminum hot-rolling mill TLM-TVP d.o.o. in Croatia to the Vienna-based Euris.
August 13, 2012
Profits Grow Slower in Polish Banking Sector
The Polish banking sector is still very stable. However, a trend reversal is foreseeable.
August 10, 2012
Fitch Downgrades Slovenian Banks
The U.S. rating agency downgrades the lown-term ratings of major Slovenian banks. The outlook is negative for all of them.
August 10, 2012
Hungary: Erste Group Expands
The Austria major bank purchases the private banking segment of BNP Paribas in Hungary.
August 9, 2012
conwert takes over residential portfolio in Berlin
Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin
August 9, 2012
East European Banking Industry Shows Ambiguity
For West European banks, their subsidiaries in Eastern Europe are either highly problematic or the cash cows.
August 8, 2012
Fitch Downgrades Slovenia
The Southern neighbor country of Austria was downgraded to “A-“. The outlook is negative now.
August 8, 2012
S&P Confirms Bank Austria´s Rating
Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.
August 8, 2012
FMA Pushes for Bank Insolvency Law
The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.
August 7, 2012
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
No Merger Between VBAG and Bawag
Bawag´s CEO Byron Haynes reaffirmed that U.S. owned bank is not interested in a merger with the partly nationalized VBAG.
August 6, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Again Downgrades in Slovenian Banking Sector
Last week, Moody´s downgraded big Slovenian banks. Now, S&P puts the domestic banking industry under even more pressure.
August 6, 2012
Bank Austria as UniCredit´s Cash Cow
Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.
August 4, 2012
Kommunalkredit: Small Profit, Big Risks
In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.
August 4, 2012
Moody´s Downgrades Slovenia
Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.
August 3, 2012
Rising Profit at Bank Austria
Bank Austria posts net profit of € 646m for the first six months. Net operating profit was up by 11.1 per cent. Lending volume rises by 3.3 per cent to € 136bn.
August 3, 2012
Investor Confidence in Austrian Issues Remains Very High
Austria’s government and corporate sectors are still able to borrow at historically low rates, the loss of the triple A sovereign rating notwithstanding.
August 3, 2012
Dispute Over Bank Taxes
In Austria, only 82 of 787 banks have to pay bank taxes. Above all, the Raiffeisen sector and the Volksbanken sector are excluded.
August 2, 2012
Erste Group: Concerns Despite Profits
Yesterday, the Austrian banking group published its results for the first half year. The business in Romania, Hungary and Ukraine causes worries.
August 1, 2012
Oberbank: Lending Business Grows
The Linz-based Oberbank has achieved strong results in the first half year of 2012. Profits remained stable.
August 1, 2012
Slovenian Abanka Vipa Needs Fresh Capital
The third-biggest Slovenian bank needs a capital injection of € 50m. In total, Abanka Vipa has a risky assets of € 600m.
July 31, 2012
Erste Group Burdened by Losses in Eastern Europe
Despite losses in Romania, Hungary and Ukraine, Erste Group posts a net profit of € 453.6m in first half of 2012.
July 31, 2012
Banking Industry: Slower Growth Expected
Due to the weak results in Eastern Europe, the Austrian banking industry faces only decent net income figures in the second quarter of 2012.
July 30, 2012
Kommunalkredit Sale: „There are potential buyers“
Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.
July 27, 2012
Austria is Liable for Hypo Group´s Major Loan
At the sale of Hypo Group by BayernLB in late 2009, BayernLB granted a loan of € 2.64bn. The Austrian state has issued a guarantee for this loan.
July 27, 2012
Slovenian Banking Crisis Aggravates
This week, the rating agency Moody´s downgrades the three biggest banks of Slovenia. Slovenia is threatened of becoming a bail-out candidate.
July 27, 2012
Decrease in Building Saving May Increase Rents
In Austria, the popularity of building saving declined in the first half year of 2012. In a few years, funds for the residential building market may be insufficient.
July 27, 2012
Austrian Banking Industry Records Higher Profits
In the first quarter of 2012, Austria´s bank achieved a consolidated net income after taxes and minorities of € 2.12bn.
July 27, 2012
Government Puts Kommunalkredit for Sale
The nationalized Austrian lender Kommunalkredit should be sold until 2013. Offers must be to submit to Morgan Stanley until August 16.
July 26, 2012
Slight Tightening of Austrian Lending Guidelines
The Austrian Central Bank (OeNB) reports that domestic banks have tightened lending guidelines for both company and household loans in the second quarter of 2012.
July 25, 2012
Insolvencies in CESEE on the Rise
In 2011, the number of business insolvencies rose by 25% in the CESEE region. Hungary ranks first.
July 25, 2012
Bawag and Generali Extend Cooperation
The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.
July 23, 2012
Bank Insolvency Law: No Austrian Solo Run
Austria´s government changed its mind. There will be no national bank insolvency law. Austria will wait for a European solution instead.
July 23, 2012
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