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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: Savings to Shrink Further
According to Erste Group, the amount to be saved continues to shrink substantially. What is more, average loan amounts are declining moderately.
January 22, 2014
Bank Dispute between Croatia and Slovenia Reappears
Last year Slovenia was ordered in the first instance to pay back the foreign currency deposits of LB’s former affiliate in Sarajevo.
January 22, 2014
Eurozone: Number of Banks Declining Fastly
The decline in the number of euro area monetary financial institutions (MFI) continued in 2013, according to ECB’s (European Central Bank) reports.
January 22, 2014
Austrian Bank Levy: “Penalty Gone Wild”
On the basis of a new method of calculation around € 90m more in bank levy should be generated compared to the previous year.
January 22, 2014
Slovenian Economy to Shrink “Only” 2 Percent
According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.
January 22, 2014
Capital Increase: Raiffeisen Bank International Has High Hopes
The second-largest lender in Central, Eastern and Southeastern Europe (CESEE) wants to raise funds of € 2.9bn. This is substantially more than initially scheduled.
January 21, 2014
Czech Economy to Grow Not Sooner than 2016
The Czech economy will struggle to show economic growth both this and next year, according to the Czech Federation of Trade Unions CMKOS.
January 21, 2014
Austria: Nowotny Calls for Fast Decision on Hypo Group
The Governor of the Austrian National Bank (OeNB) presses the government to act quickly and avoid further straining the budget and burdening the taxpayers.
January 21, 2014
Erste to Maintain Business in Hungary
According to CEO of Erste Group’s Hungarian affiliate, the bank will remain in the country to expand business activity.
January 21, 2014
Croatia: Hungarian OTP to Acquire Banco Popolare Croatia
OTP will, according to media reports, take over Banco Popolare Croatia which has a market share of only 0.56 percent.
January 21, 2014
Spindelegger Met Almunia: „Bank Aids Were No Issue“
Today, Austrian Minister of Finance Michael Spindelegger has met Commissioner for competition Joaquin Almunia.
January 20, 2014
Czech Republic: Lending Conditions to Remain Stable
According to the Czech National Bank (CNB), credit conditions for corporate and mortgage loans will remain unchanged while conditions for consumer loans will tighten.
January 20, 2014
Erste Group: Moderate Economic Recovery in Eurozone
Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.
January 20, 2014
Poland to Do without Further Bond Issues
Poland will abstain from issuing new US-Dollar or Eurobonds.
January 20, 2014
Kotian: “Growth in CEE is Accelerating“
In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.
January 20, 2014
Austrian Banks to Resist Further Burdens?
Podium discussion at Viennese law firm Binder Grösswang.
January 20, 2014
Mitterlehner: „Hypo Group Must Not Burden State Budget“
Austria´s Minister of Economics underlined that the Austrian government is looking for an effective and cost-saving solution for the nationalized Lender Hypo Group Alpe Adria.
January 20, 2014
„Hungarian Economy Must be Rearranged“
István Töröcskei thinks that the Hungarian banking sector is highly interesting. In general, the financial sector must help to develop the Hungarian economy, Töröcskei argues.
January 18, 2014
Hypo Group Alpe Adria: Austrian Government Becomes Nervous
Although the participation of the private banking sector is unrealistic, the Austrian government does not give up. However, the time pressure grows week by week.
January 18, 2014
KPMG: „Social Media Is the Key“
The image of the global banking industry is not satisfying at all. According to a study released by KPMG, banks have to put more effort in social media activities.
January 18, 2014
Croatia: “Loose Monetary Policy Shows First Signs of Success”
Boris Vujcic, governor of HNB (Croatian National Bank) thinks that the quantitative easing policy works.
January 17, 2014
Oberbank Continues Expansion Strategy
The Austrian regional bank considers Vienna and the Czech Republic as potential growth markets.
January 17, 2014
S&P Optimistic About Slovenia
The U.S. rating agency reiterated the Slovenian sovereign debt rating at A-. The outlook remains “stable”. S&P´s analysts consider Slovenia´s crisis management as adequate.
January 17, 2014
Hungary: Forex Loan Problem to be Solved
According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.
January 17, 2014
Austrian State Sues Six Banks
The Republic of Austria filed lawsuits against six lending banks of bankrupt construction enterprise Alpine.
January 17, 2014
Slovenia Attracting FDI from US and UK
The Slovenian Ministry of Finance is taking great efforts to attract investors from the US and the UK.
January 17, 2014
Bank Levy: Austrian Regional Banks Under High Pressure
The Austrian government will raise the bank levy significantly. Smaller banks have to perform disproportionately high taxes, Oberbank´s CEO Franz Gasselsberger says.
January 16, 2014
$ 1.0trn Capital Shortfall in European Banking Sector?
According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.
January 16, 2014
BayernLB Bought Hypo Group Alpe Adria above Value
Apparently former member of BayernLB’s supervisory board acquired Hypo Group Alpe Adria above its value.
January 16, 2014
Bulgaria: Loan Portfolios Expected to Increase
The increase in industrial production will have a positive effect on the number of loans taken out.
January 16, 2014
Causa Aliyev: Austrian Justice Minister under Pressure
Austrian Justice Minister Brandstetter has registered more former members of the Kazakh secret service than was previously known.
January 16, 2014
Austria Inflation Rate Dropped in 2013
Last year the overall annual inflation rate dropped to 2.0 percent after 2.4 percent in the previous year.
January 16, 2014
Expansion Course of Austrian Banks Slowed Down
After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.
January 16, 2014
Hypo Group: Other Downsizing Unit than Bad Bank?
Rumors about other models than a bad bank have appeared.
January 15, 2014
S&P: Polish Banks to Remain “Strongly Profitable”
In 2014’s outlook on Polish banks rating agency Standard&Poor; announced that Polish banks are expected to benefit from an ongoing economic recovery and remain “strongly profitable”.
January 15, 2014
Hypo Group: No Alternative to Bad Bank
The time pressure on the Austrian government is growing day by day. The nationalized Austrian problem bank urgently needs a bad bank.
January 14, 2014
IMF and EBRD Deeply Concerned Over CESEE
Foreign banks continue to withdraw capital from the region. According to the International Monetary Fund, the development is highly considerable.
January 14, 2014
Raiffeisen Bank International Moves Up a Gear
The second-largest lender in CESEE is in a hurry. According to the news provider Bloomberg, the capital increase may take place in the next few weeks.
January 14, 2014
Bank Austria Declines Selling Plans in Ukraine
CEO of Bank Austria, Gianni Franco Papa, rejects rumors about Bank Austria intending to leave the Ukraine.
January 14, 2014
Czech Republic: Economic Growth Expected to Expand
The Czech Banking Association (CBA) has adjusted its economic forecast and expects a growth rate of 1.9 percent for the Czech economy this year.
January 14, 2014
CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Nowotny Sees Growth Potential in Eurozone and CEE
According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.
January 14, 2014
Bank Austria Generates Fresh Capital
On Monday, January 13, UniCredit Bank Austria issued its first mortgage bond for 2014 to strengthen its capital base.
January 14, 2014
CESEE: Lack in FDI Causes Modest Economic Growth
The International Monetary Fund (IMF) is cautiously optimistic about economic growth in CESEE.
January 14, 2014
Austria: Expert Paper for Hypo Group’s Bad Bank
An expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria is expected to be handed in to the government until the middle of the week.
January 13, 2014
CNB: Significant Increase in Profits
Due to the forex interventions in November last year, the Czech National Bank (CNB) was able to increase its results.
January 13, 2014
Austria: Distribution of Wealth Extremely Unequal
The top one percent of Austrian households possesses more than 50 percent of all investment income.
January 13, 2014
Basel III Framework to be Softened
The Basel Committee´s oversight body has amended the leverage ratio rules. For the banking industry, this step is an important success.
January 13, 2014
Austria: VBAG Not to Receive Further Aids
Ailing banking institute VBAG of the Austrian Volksbanken Group will not be granted further state aids.
January 13, 2014
Fitch: Positive Comment on Raiffeisen Bank International
According to the U.S. rating agency, the planned capital increase is evaluated positively. In certain CESEE market, RBI´s operations will remain challenging, Fitch said.
January 11, 2014
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