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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Austria Rejects Bank Bonds of Southern Euro-Members
The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the International Monetary Fund.
April 4, 2012
Raiffeisen: Buchleitner Succeeds Hameseder
The series of staffing changes at the Raiffeisen sector goes on. General attorney Konrad leaves, Hameseder succeeds. RWA´s CEO Klaus Buchleitner replaces Hameseder.
April 4, 2012
Oberbank: High Earnings, Low Expectations
The Upper-Austrian regional bank achieved strong results in 2011. Nevertheless, expectations for 2012 are decent.
April 3, 2012
Steiermärkische Interested in Hypo Group´s Subdidiary
The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.
April 3, 2012
Konrad to Leave RZB
Christian Konrad, general attorney of the Raiffeisen sector and chairman of RZB supervisory board, will step down in June. Successors are already designated.
April 2, 2012
RBI Strengthens Commitment to CEE Region
Austrian Raiffeisen Bank International underlines its function as major lender in Central and Eastern Europe. Hungary is still the most uncertain market.
April 2, 2012
3.5% Salary Increase in Austrian Banking Industry
After six negotiation rounds, the collective agreement at Austrian banks has been resolved. By April 1, salaries will increase.
March 31, 2012
RBI Is Optimistic to Reach Solution in Hungary
On the occasion of a investor conference in London, Austrian Raiffeisen Bank International talked about risks in Hungary and capital requirements by EBA.
March 31, 2012
Total Assets of Austrian Banks Beyond € 1.0tn
At the end of 2011, the level of unconsolidated assets exceeded the € 1.0tn threshold again.
March 30, 2012
Pröll Declines Konrad´s Succession
Josef Pröll, former Austrian Minister of Finance, excludes rumors about the succession of RZB´s chairman Christian Konrad.
March 30, 2012
RBI Is Optimistic to Reach Equity Requirements Without Capital Increase
The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.
March 30, 2012
Bank Austria Considers Leaving East European Markets
UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.
March 30, 2012
RBI Posts Pre-Tax Profit of € 1.4bn
As only Austrian bank, Raiffeisen Bank International pays divididends. The tier 1 ratio raises by 0.2 percentage points.
March 29, 2012
VBAG to Cut Capital by 70%
The financially stricken Austrian VBAG will cut its equity capital by around 70 and then top it up again with state aid next month as part of a previously announced bailout.
March 28, 2012
Bank Austria: Higher Profits than Expected
Bank Austria posts net profit of € 209m despite burdens of € 1.2bn resulting from Greece, goodwill impairment and bank levies.
March 28, 2012
Koren to Become VBAG´s New CEO?
Finance Minister Maria Fekter aims to nominate the former Vice-CEO of Bawag as board director of VBAG.
March 24, 2012
Rothensteiner Against Bank Insolvencies
Raiffeisen Zentralbank´s CEO Walter Rothensteiner is against the discussion about bank insolvencies.
March 24, 2012
Bank Austria: Cernko Confirmed as CEO
Bank Austria’s Supervisory Board renews the term of office of Willibald Cernko and Rainer Hauser for another three years.
March 23, 2012
Raiffeisen, 3-Banken Reject Comment on Hypo Interest
Raiffeisenlandesbank Carinthia and BKS aren’t interested in Hypo Alpe-Adria-Bank International AG’s Austrian subsidiary.
March 23, 2012
RBI: Günther Gall Appointed Vice-Chairman of EPC
The Austrian national Günther Gall of Raiffeisen Bank International AG (RBI) was elected vice president of the European Payments Council (EPC).
March 23, 2012
RBI: No Capital Increase
Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.
March 23, 2012
Hypo Alpe Adria Bank to be Sold this Year
The Austrian subsidiary of the nationalized Hypo Group Alpe Adria will be sold this year. “All potential risk factors are eliminated.” the supervisory board chairman says.
March 22, 2012
New Executives for VBAG
The banking group VBAG, in which the Austrian state is about to take a stake of up to 49 percent, will get new management after losing nearly € 1.4bn ($1.85bn) last year.
March 22, 2012
Banks have CEE-Subsidiaries „Under Control“
RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.
March 21, 2012
Cernko Claims Bank Rescue Fund
Bank Austria´s CEO Willibald Cernko wants the bank tax to be solely used for a stability fund in order to support financially stricken banks.
March 20, 2012
Hypo Group´s Austrian Subsidiary in the Profit Zone
Hypo Alpe Adria Bank AG, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG, today reports positive results from ordinary business activities (EBT) in 2011 of € 10.18m.
March 20, 2012
AMAG Appreciates Changes in Shareholder Structure
With B&C Industrieholding, the Austrian aluminum producer got a new major shareholder. RLB Upper Austria widens its share up to 16.44%.
March 19, 2012
Croatian Banks: Rise in NPL Ends
Croatian banks do not expect any further hike in the level of bad loans, which surpassed 12 percent at the end of 2011, the national banking association HUB said.
March 19, 2012
Bank Austria Plays Down Hungary Risks
The head of UniCredit unit Bank Austria's central and eastern Europe business played down potential risks from Hungary in a magazine interview published on Friday.
March 19, 2012
Bawag to Refund Bank Aid in 2014 by Earliest
The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.
March 17, 2012
Raiffeisen Places Chinese Bonds
The Austrian bank places 750 million yuan in first sale dim sum bonds.
March 16, 2012
Bawag Underlines its Profitability
The Austrian bank, which is owned by the U.S. investment fund Cerberus, could report profits before taxes of € 156m. Against 2010, this is a rise by 13%.
March 16, 2012
B&C Holding Interested in 30% AMAG Stake
The industrial holding aims for entering the aluminum producer AMAG. RLB Upper Austria is interested too.
March 15, 2012
Vienna Initiative an Insurance Policy, not a Game Changer, Fitch Says
The principles adopted Tuesday in “Vienna Initiative 2.0” do not change Fitch’s base case expectation that central, eastern and south-eastern Europe (CESEE) will continue to see weak, or marginally negative, credit growth in the near-to-medium term.
March 15, 2012
Crystallizing Fronts in Austrian Banking Industry
For managers of the Austrian banking industry, the maximum salary increase for its employees is 3.3%. The trade unions call for a 3.8% increase.
March 14, 2012
No Credit Crunch in CEE
Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.
March 14, 2012
Raiffeisen Energy & Environment Sells Bulgarian Assets
The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.
March 14, 2012
Austrian Supervisory Authority Published Guideline For Banks
The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.
March 14, 2012
Hypo Group: Losses of € 165m
Hypo Group Alpe Adria, a nationalized Austrian lender, does not pay a dividend to the state. According to IFRS, Hypo Group could achieve profits of € 69.3m.
March 13, 2012
KA Finanz: Disaster Was Avoidable
The „bad bank“ of the nationalized bank Kommunalkredit considered selling Greek sovereign bonds in spring 2009. Last week, KA Finanz wrote off € 423m.
March 12, 2012
Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn”
The governor of the Austrian Central Bank (OeNB) repulses reports stating that the nationalized bank Hypo Group needs capital injections of € 10bn.
March 10, 2012
Hypo Group: Costs Could Increase up to € 10bn
The nationalized Hypo Group Alpe Adria may need massive capital injections by the Austrian state. The bank must downsize radically.
March 10, 2012
Ghizzoni: „Austrian Bank Tax Is Painful“
The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.
March 10, 2012
KA Finanz Needs € 1.0bn
Due to write-offs of Greek sovereign bonds, the “bad bank” of the nationalized Kommunalkredit has a capital shortfall of € 1.0bn.
March 9, 2012
RBI Mandated Lead Arranger and Bookrunner for Moscow Airport
The loan of € 165m for the largest Russian Airport is for general corporate purposes. The international financing consortium consists of ING, Société Générale and RBI.
March 9, 2012
Bawag Buys Back Hybrid Capital
The U.S. owned Austrian bank purchases € 300m in hybrid capital back in order to strengthen the equity base.
March 9, 2012
Cernko Criticizes VBAG Bail-Out
Willibald Cernko, CEO of Bank Austria considers that the Austrian state reacted too late. A partly nationalization could have taken place already one year before.
March 9, 2012
RBI Optimizes Its Structure of Participations
EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.
March 8, 2012
EBA Does Not Accept Participation Capital as Equity
Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.
March 8, 2012
Kommunalkredit Bring € 455m to Greek Swap
Kommunalkredit AG and KA Finanz AG, two nationalized Austrian banks, said they will join Greece’s debt swap with a total of € 455m ($600 million) to avoid triggering default swaps.
March 8, 2012
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