Sponsored Content
Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Greek Haircut Would Cost Another € 350m
Austrian banks still have a substantial exposure in Greece. A haircut up to 60% seems possible. Then, another € 350m would have to be written off.
October 18, 2011
€ 4.0bn Capital Requirement for Austrian Banks
After the industrialist Hannes Androsch, also the Vice-President of the Austrian Central Bank (OeNB), Wolfgang Duchatczek, sees a need to support domestic banks.
October 17, 2011
VIG Upgraded by Raiffeisen
Current talks of bank recapitalization can in the view of Raiffeisen Research be a positive trigger for the insurance sector.
October 17, 2011
Erste Bank Hungary Opens Home Savings Bank
According to Imre Szatno. the deputy head of retail division of Erste Bank in Hungary, quoted by Budapest Business Journal, the Erste Group has launched its own home saving bank.
October 17, 2011
Do Austrian Banks Need More Capital?
Recently, the prominent Austrian industrialist Hannes Androsch expressed his concerns about the equity situation of Austrian banks. Androsch sees many challenges for the domestic bank sector.
October 15, 2011
Erste Group Increases Stake in BCR
The Austrian Erste Group further expands in the difficult Romanian market. Erste Group will hold 94% in BCR then.
October 15, 2011
Erste Group Signs Facility Agreement with Ukrainian Energy Holding
The Austrian bank extends an existing credit facility for DTEK from € 50 to € 100m with a maturity of three years.
October 14, 2011
VBAG Expects Massive Loss
The Austrian bank has to write off € 700m on the book value of its participations in Investkredit and Volksbank Romania. The state’s participation capital will not be repaid this year.
October 14, 2011
Slovakia Approved EFSF
After unsuccessful voting on Tuesday, Slovak lawmakers supported today the enlargement of the European Financial Stability Fund.
October 13, 2011
Vienna Insurance Group Has Its Own Funds to Buy the Polish Insurer Warta
Guenter Geyer, the head of the Austrian insurance company quoted by the Polish daily Gazeta Prawna confirmed the interest in an auction of the Warta Insurance and Reinsurance Company.
October 13, 2011
OeEB Grants Credit to Azerbaijani Bank
DemirBank receives $ 25m from the Austrian Development Bank, RBI and other lenders to support entrepreneurs in Azerbaijan.
October 12, 2011
Bank Austria Rethinks Expansion in Hungary
The subsidiary of Italian UniCredit reviews its activities in the country. A withdrawal is not ruled out.
October 12, 2011
„Austrian Banks Are Robust“
Ewald Nowotny, the head of the Austrian Central Bank (OeNB) as well as the Minister of Finance, Maria Fekter, appreciate the announcement of Erste Group.
October 11, 2011
Bank Austria Optimizing its Activities in Russia
Sergey Sidorov to remain CEO until year end and to support the organizational and strategic Changes. Alexander Cheporov to become Head of Equity Brokerage Operations.
October 11, 2011
Santander Close to Become a Leading Player in Poland
According to the Polish daily Rzeczpospolita, Santander, the Euro zone’s top lender, made a binding offer for Polish Kredyt Bank.
October 11, 2011
UniCredit is Optimistic For ATX
Despite several uncertainties, UniCredit sees the potential of a positive long-term development for the Austrian main index ATX. The new ATX target is 2700 points for the next 12 months.
October 11, 2011
RBI: „There Is No Reason to Write Off“
After Erste Group has published its highly negative forecast for 2011, Raiffeisen Bank International came under pressure. RBI underlines that its risk is not comparable to that of Erste Group.
October 10, 2011
Surprising Write-Offs at Erste Group
Due to write-offs in Hungary and Romania, Austrian Erste Group reports a net loss of about € 920 - 970m in the first three quarters of 2011.
October 10, 2011
UniCredit: Sale of Bank Austria?
According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.
October 8, 2011
Kärntner Sparkasse Finalized Withdrawal from Italy
The Carinthian bank will close its operating business in Italy. The branches have been overtaken by the South Tyrolean “Südtiroler Sparkasse”.
October 8, 2011
Erste Bank to Keep State Capital Into 2012
According to Bloomberg, Erste Group Bank, Austria’s biggest lender, may not repay € 1.2bn in state aid until 2012.
October 8, 2011
RBI: Capital Injection for Hungarian Subsidiary Likely
The Austrian bank’s losses from the conversion of foreign currency loans will amount to approximately € 100m.
October 7, 2011
Androsch „Another Three to Four Billions for Hypo Group“
The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”
October 4, 2011
UniCredit and Raiffeisen to Expand in Russia
The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.
October 4, 2011
Erste Group´s CEO: „The Situation is Serious“
Andreas Treichl, CEO of the Austrian Erste Group considers to delay the repayment of the Bank Aid.
October 1, 2011
Sergey Monin Appointed as CEO of Raiffeisenbank in Russia
He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.
September 30, 2011
Hypo Alpe Adria Needs More Time to Build Up Capital
The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.
September 29, 2011
VBAG: No Repayment of State Aid in 2011
The Austrian bank’s low equity capital base does not allow repayment of the first € 300m tranche of state capital.
September 28, 2011
RBI Defies Hungary’s Banking Tax
The Austrian bank is not planning to pull out of Hungary. Losses from the conversion of foreign currency loans cannot be estimated yet.
September 22, 2011
No Dividends at Austrian Volksbanken AG
Österreichische Volksbanken Aktiengesellschaft – no payments on profit-related instruments for the 2011 business year.
September 21, 2011
German and Austrian Economy Claim Improvements for Company Loans
Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.
September 20, 2011
S&P: „Austrian Banks Undercapitalized“
The rating agency Standard & Poor´s (S&P) sees a substantial undercapitalization for Austrian banks. The recommended rist-adjusted capital quota is 8%, Austrian banks are below.
September 19, 2011
Erste Group: BCR Needs Capital Boost
The Austrian bank’s Romanian subsidiary may need additional capital due to high risk costs and the overall economic situation.
September 16, 2011
Semper Constantia Invest Becomes Core Shareholder of German Praktiker
The Austrian investment company has increased its stake to become the second largest shareholder in the ailing German do-it-yourself store chain.
September 15, 2011
Decline in Savings Deposits Continues
Business development of Austrian banks in the first half of 2011: Balance sheet total grows; volume of demand and fixed-term deposits increases.
September 14, 2011
Erste Group Increases Stake in Romanian BCR
The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.
September 14, 2011
Austria Considers Lawsuit Against Hungary
The Austrian Minister of Foreign Affairs, Michael Spindelegger (ÖVP) threatens Hungary to file a lawsuit at the European Court of Justice. Hungary plans to stress banks massively.
September 12, 2011
Sale of Volksbank International Finalized
The Eastern European subsidiary will be sold for a price ranging from € 585m to € 645m depending on business performance in 2011.
September 8, 2011
Bank Aid Package is a Loss for Austria
For the Austrian Republic, the recapitalization measures for Austrian business banks is a losing deal. Losses amount to € 237m.
September 7, 2011
CEO of Raiffeisenbank Russia Dead
Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.
September 5, 2011
Fekter: No Nationalization of VBAG
The Austrian Finance Minister has the right to nationalize the bank if it does not pay a dividend on the state’s € 1bn of participation capital.
September 2, 2011
Raiffeisen Centrobank Reports Increase in Profit
Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.
September 2, 2011
Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn
The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.
September 2, 2011
RZB Reports Significant Increase in Profit
Profit before tax for the period up 60.5% to € 877m, with consolidated profit increasing 21.5% to € 488m. Net allocations to impairment loss provisioning were reduced by 32%.
August 30, 2011
Decline in Profit for Hypo Lower Austria
The Austrian regional bank achieved net profit of € 16.4m in the first six months of 2011. Net interest income increased to € 75.8m
August 29, 2011
New Structure and Management for Raiffeisen Leasing
The Austrian banking group is reorganizing its leasing business. Three new subsidiaries will deal with business in Austria, large customers and in-house projects.
August 26, 2011
Sberbank Reduces Offer for VBI after Drop of Share Prices
Sberbank wants to pay less for the purchase of Volksbank International after European bank shares have dropped more than 20%. Executives are going to meet on 28 August to negotiate the deal.
August 26, 2011
VBAG: Reduced Consolidated Net Income in First Half of Year
The Austrian bank recorded net income of € 1m. The result was negatively impacted by write-downs of Greek bonds.
August 25, 2011
RBI – Capital Increase May Be an Option
The Austrian bank posted strong results for the first six months of the year. Consolidated profit increased by almost one third year-on-year.
August 25, 2011
Significant Decline in Profits for Bawag
Net profit of the Austrian bank dropped 18.5% to € 78.5m in the first six months of the year. The bank levy totaled € 10.2m.
August 24, 2011
Fast News Search
This category only
