Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
VBAG Achieves Turnaround
Stabilisation measures for the partly nationalized Austrian VBAG take effect: satisfactory first quarter result.
May 29, 2012
Austrian Banks Record Profits Due to Special Items
This year, Austrian banks achieved earnings of € 1.0bn. This does not relate to operating business, but with special items.
May 26, 2012
Substantial Losses at Volksbanken
The main shareholders of Austrian VBAG had to write down € 333m last year.
May 26, 2012
Oberbank: Substantial Rise in Earnings
The regional banks Oberbank and BTV achieved a rise in profit in the first quarter of 2012. BKS recorded stable results.
May 25, 2012
Greece and Eurobonds Divide Austria
The Greek exit and the introduction of Eurobonds are discussed heatedly. In Austria, there is no clear tendency.
May 25, 2012
OeNB’s Operating Profit Decreased
Profit of the Austrian Central Bank came to € 249m in 2011. Risk Provisions Increased by € 400m.
May 24, 2012
Raiffeisen Bank International Doubled Net Income
In the first quarter of 2012, RBI´s net interest income was stable at € 875m (down 1.0% y-o-y), the operating income decreased slightly to € 1,295m (down 3.4% y-o-y). RBI´s Core Tier 1 ratio was up to 10.2%.
May 24, 2012
Hypo Group May Need Further State Aid
The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.
May 23, 2012
RZB Capital Increase Completed
Raiffeisen Zentralbank´s shareholders subscribe core tier 1capital in the amount of roughly € 852m. The EBA capital requirements is already exceeded as a result.
May 23, 2012
Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn
The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn
May 21, 2012
Rothensteiner: Return to Drachma would be „Utter Chaos“
The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.
May 21, 2012
Solid Results at RLB Carinthia
According to preliminary results, RLB Carinthia (Raiffeisenlandesbank Kärnten) reached operating profits of € 34.5m in 2011. The insolvent AvW is still a massive risk factor, however.
May 19, 2012
Greek Exit: € 5.0bn Costs for Austria „In the Best Case“
Bank Austria´s chief economist Stefan Bruckbauer warns of exorbitant costs in case of a Greek exit out of the Eurozone. A common solution would be the better alternative.
May 19, 2012
BCR: Treichl Expects Soon Recovery
Andreas Treichl, CEO of Erste Group, anticipates a soon recovery of the Romanian subsidiary Banka Comerciala Romana.
May 19, 2012
Downsizing Program at Hypo Tirol
After the major losses in 2011, the Austrian regional bank is obliged to withdraw from Germany, Switzerland and Italy.
May 19, 2012
RBI: Rise in Earnings Predicted
The Austrian Raiffeisen Bank International will report its first quarter results on May 24. A 94% increase in earnings is expected.
May 18, 2012
Record Results at RWA
Raiffeisen Ware Austria achieved an increase in revenues of 26%. EBIT rose by 23.3%.
May 16, 2012
Bank Secret: EU Commission is Frustrated
The European Commission is dissatisfied with Austria´s and Luxembourg´s blockage of the interest taxation directive.
May 16, 2012
New Supervisory Board at Erste Group
Friedrich Rödler was appointed as new chairman of the supervisory board of the Austrian bank.
May 16, 2012
„I´m Glad That It Is Over“
Andreas Treichl, CEO of Erste Group had to present the first annual loss to the shareholders since its IPO in 1997.
May 15, 2012
Greek Exit: Costs of € 7.7bn for Austria
Austria could have to bear costs of up to € 7.7bn if Greece leaves the Eurozone. Austrian guarantees amount to € 3.1bn.
May 14, 2012
Raiffeisen Plans Capital Increase
The Austrian regional bank RLB Lower Austria – Vienna increases its capital base by € 500m, the chairman Erwin Hameseder says.
May 14, 2012
Cerberus May Sell Bawag
Five years ago, the U.S. investment fund Cerberus acquired the financially stricken Austrian Bawag bank. Next week, the retention period expires.
May 12, 2012
Commerzbank Has Growth Plans in Austria
The German commercial bank wants to become number one in Austria. At the moment every second big company is a customer at Commerzbank.
May 11, 2012
Hungarian Bank Tax May be Abolished
The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.
May 10, 2012
Stable Development of Austrian Economy
The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.
May 10, 2012
Bank Austria Posts Rising Profits
Net operating profit was up by 20 per cent, reflecting sound customer business, a flat cost trend and a further decline in the provisioning charge. Lending grew by 3.7% to € 133.4bn.
May 10, 2012
Massive Demand for Austrian Railway Bonds
The majority of the € 1.0bn bond was placed with high quality institutional investors in Germany, Asia, Austria and France; offering was 3.0x over-subscribed within 30 minutes.
May 10, 2012
Raiffeisen Against Bank Insolvency Act
The Austrian government announced to introduce a bank insolvency act in summer. Raiffeisen wants a European solution.
May 9, 2012
VTB Continues Growth Course
The Austrian subsidiary of the Russian VTB Bank registered a 39.8% growth in net income. Total assets grew by 43%.
May 7, 2012
Kommunalkredit: Search for Buyer Goes on
In 2008, the former interest of VBAG was nationalized. The market environment would be too insecure, CEO Steinbichler says.
May 5, 2012
RBI´s Hauptmann Enters ICC
Raiffeisen Bank International´s Andrea Hauptmann appointed new chairwoman of the International Chamber of Commerce Task Force.
May 5, 2012
Hypo Group Prepares for Sale
The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.
May 4, 2012
Mixed Results at RLB Styria
Raiffeisenlandesbank (RLB) Styria achieved an increase in EBIT by 13.3%. Net Income was down by 4%.
May 2, 2012
Austrian Banks Only Reached Minor Profits in 2011
Last year, consolidated profits of Austrian banks were down by 85%. In total, profits after taxes amounted to € 0.71bn. At the moment, Spain and Portugal are not regarded as risk factors.
May 2, 2012
High Losses at Hypo Tirol
The Austrian regional bank suffered high write-offs due to Italian non-performing loans. Pre-tax losses totaled € 107m.
May 1, 2012
Kommunalkredit: Losses Reach € 150m
The nationalized Austrian lender had to write down Greek sovereign bonds. Write-offs totaled € 176m.
April 30, 2012
Raiffeisen Bank International Closes Acquisition of Polbank
The Provisional purchase price is € 460m in cash for a 70 per cent stake in the Polish private bank. RBI becomes number 6 in the Polish banking market.
April 30, 2012
Erste Group Surpasses Expectations
The Austrian banking group improves net profit to € 346.5m in Q1 2012, EBA capital requirement already met as of March 2012.
April 30, 2012
RZB´s Rothensteiner: „Not Interested in VBAG“
Walter Rothensteiner, CEO of Raiffeisen Zentralbank (RZB), does not see a suitable takeover target in the partly nationalized VBAG.
April 28, 2012
Erste Group Expected to Record Lower Profits
In the first quarter of 2012, the Austrian banking group will register weaker results compared to the first three months of 2011.
April 28, 2012
Schelling Elected Chairman of VBAG
Hans Jörg Schelling, former CEO of the public accident insurance company, was elected supervisory board chairman of financially stricken Austrian banking group Volksbanken AG (VBAG), in which the state just got a 43 percent stake.
April 27, 2012
Drastic Profit Decrease at Raiffeisen´s Interests
In 2011, profits of interests held by RLB Lower Austria – Vienna Holding went down by 59%. CEO Hameseder is “not satisfied at all”.
April 27, 2012
Hypo Group Alpe Adria Splits Operations
The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.
April 26, 2012
Austria Injects € 1bn into KA Finanz
Austria injected € 998m into nationalized KA Finanz AG after the lender lost more than € 1bn on its bonds and credit-default swaps in Greece’s debt restructuring.
April 26, 2012
Scharinger to Enter ÖBB´s Board
The former CEO of RLB Upper Austria becomes supervisory board member at Austrian Railways.
April 25, 2012
Record Results at Hypo Lower Austria
The regional bank could enhance its earnings and profit situations significantly.
April 25, 2012
Second Bawag Process Starts
In June, the former investment fund manager Wolfgang Flöttl will face retrial of Austria´s biggest criminal process.
April 25, 2012
Tumpel-Gugerell Won´t Head VBAG´s Supervisory Board
Gertrude Tumpel-Gugerell will not become chairwoman of the Austrian bank VBAG as planned.
April 25, 2012
VBI: Sberbank Injects € 300m
The Russian Sberbank raises the equity base of its new Austrian subsidiary VBI, which should become the hub for the CEE region.
April 24, 2012
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