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Vienna International Banking Industry News
Read the latest headlines about developments in the international banking industry in Vienna and Austria
Former Kazakh Embassador Facing Trial in Austria
Rachat Alijew is facing prosecution in Austria because of alleged money laundering. Moreover, a former Austrian Chancellor is suspected of spying.
December 10, 2013
NKBM´s CEO Demonstrates Optimism
In an interview with the Slovenian STA, Ales Hauc stressed that the second-largest Slovenian lender has a positive future.
December 10, 2013
Bulgaria: Prime Minister Stresses Positive Development
Plamen Oresharski stressed that Bulgaria has performed better than expected in 2013.
December 10, 2013
EU Demands € 55bn for Banking Union
The Finance Ministers of the European Union are still negotiating about a mechanism aimed at preventing states from having to take over financial difficulties from banks, the banking union.
December 9, 2013
Wifo: Austrian Economic Growth Still Sluggish
Seasonally adjusted and corrected for working day effects, GDP increased by 0.2 percent compared to the second quarter. The upturn becomes evident only in a very moderate pace.
December 9, 2013
OTP Interested in MKB
Sandor Csanyi, CEO of the largest Hungrian lender OTP, considers taking over the rival MKB.
December 9, 2013
Austrian Banking Sector: € 35bn NPL
Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.
December 9, 2013
Major Changes in Hungarian Banking Industry Ahead
The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.
December 7, 2013
Austrian FDI Worth Less than in 2003
Due to the financial crisis after 2008, foreign investments of Austrian investors have lost in value dramatically.
December 7, 2013
Sale of Hypo Group: Small Number of Potential Buyers
In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.
December 7, 2013
Hypo Alleged of Having Hoarded Assets of Former Serbian Regime
A Serbian NGO suspects assets of former Serbian President Slobodan Milosevic at Hypo Group Alpe Adria. The Austrian bank strongly rejects this allegation.
December 6, 2013
Austria: Nowotny Warns of Choking off Economic Growth
The Austrian National Bank (OeNB) has slightly decreased this year’s economic growth from 0.5 percent to 0.4 percent. However, the recession of the past two years is over, the bank claims.
December 6, 2013
Slovenia: Bank Stress Test Results Expected Earlier
According to a source within the European Union, the test results of the asset review of Slovenian banks will be published on December 12.
December 6, 2013
Croatia: New Difficulties for Borrowers Ahead
The Croat banking sector pegs the interest rates to the EURIBOR. Consumers may have to pay higher borrowing costs.
December 6, 2013
Erste Group: Shareholder Structure Changes
The core shareholder of Erste Group continues to reduce its stake in the third-biggest Austrian banking group.
December 5, 2013
Moody's: ECB Rate Cut Does Little for Economic Growth
ECB rate cut to a record low 0.25% will likely do little to support economic growth, according to Moody's Analytics.
December 5, 2013
ECB: Debates about Further Measures in Monetary Policy
Today the 23 member of the European Central Bank’s Council have initiated debates about the the stance of monetary policy. The base rate, lowered to 0.25 percent last month, is expected to remain unchanged.
December 5, 2013
Poland: BGZ Bank Taken Over by BNP Paribas
Polish BGZ Bank will be taken over by French BNP Paribas for a selling price of around € 1bn.
December 5, 2013
Slovenia: National Bank Rejects Rumors
The Slovenian National Bank has reacted to the increasing number of reports on the possible result of the stress tests at eight Slovenian Banks.
December 5, 2013
Bank Austria: Massive Case of Customer Data Abuse.
Bank Austria files a lawsuit on the abuse of consumer data as Austrian magazine “News” got hold of data of around 5,000 costumers
December 4, 2013
RZB Faces Severe Restructuring Measures
The Raiffeisen Zentralbank (RZB) is facing severe restructuring and downsizing measures as it has to cut the number of employees.
December 4, 2013
Austria: Insolvency of Hypo Group Still an Option
Both the center of government and the Austrian National Bank (OeNB) reject Hypo Group’s bankruptcy. However, insolvency options are currently being assessed by the Finance Ministry and the Federal Law Office.
December 4, 2013
UniCredit: Withdrawal from Hungary as Potential Option
UniCredit does not completely rule out a withdrawal from the Hungarian market in case further burdens will be imposed on banking institutes.
December 4, 2013
Bank of Albania Presses for Agreement with IMF
The Albanian economy from short-term adjustment toward long-term sustainable growth. Why Albania needs an agreement with the IMF.
December 4, 2013
Raiffeisen Bank among Top Three Banks in Romania
Top three banks with best reputation - „The bank of Romanians” is client-centered, honest and transparent.
December 3, 2013
Slovenia: LJSE Suspended Trading Bank Shares
According to the Stock Exchange "not all conditions for a fair, orderly and efficient trading in the securities are satisfied."
December 3, 2013
UniCredit Bank Ukraine and Ukrsotsbank to be Merged
CEE Division completes additional steps in business refocusing.
December 3, 2013
Austria: Government Rules Out Hypo Group’s Insolvency
Chancellor Faymann referred to incalculable economic and political consequential effects due to the liabilities assumed by Hypo Group Alpe Adria.
December 3, 2013
Bratusek: Slovenia Will Manage Bank Rescue
According to Prime Minister Bratusek, Slovenia will manage the bank rescue on its own.
December 3, 2013
Austria: Bawag to Pay back Participation Capital
The Austrian Bawag announced its plans about paying back a further tranche of the state capital participation.
December 2, 2013
Hungary: Matolcsy Demands Resignation of EU Commissioner
György Matolcsy, Governor of the Hungarian National Bank (MNB), demands a better rating for Hungary and the resignation of EU Commissioner Olli Rehn.
December 2, 2013
Bond Swap at Raiffeisen
RBI offers bond holders of RCB to swap their debenture bonds to promissory notes.
December 2, 2013
Bank Austria: Sales Proceeds for Kazakh Affiliate Dropped
Sales proceeds of Bank Austria’s Kazakh affiliate ATF Bank only came at € 294m which is significantly less than announced by the bank in the first half year.
December 2, 2013
Bosnia: NPLs Increasing Dramatically
Almost 15 percent of the total volume of loans in Bosnia are bad.
December 2, 2013
Raiffeisen Bank International Negotiates with Alfa Bank
Vienna-listed RBI wants to leave Ukraine. RBI´s subsidiary Bank Aval may be sold to Alfa Bank.
November 30, 2013
Sberbank: Lawsuit Against VBAG
The largest Russian banking group has filed a lawsuit against Austrian VBAG at the International Court of Arbitration.
November 29, 2013
Hungary: Economic Acceleration Takes Form
According to French BNP, the Hungarian economy starts to grow again. Nevertheless, the banking industry does not face better times yet.
November 29, 2013
Sevelda: „We Are Close to the Breaking Point“
In a guest comment published by the Austrian business magazine Format, CEO of Raiffeisen Bank International Karl Sevelda refers to the high burden for Austrian banks.
November 29, 2013
„We Can Exclude a Bankruptcy of Hypo Group”
Ewald Nowotny, governor of the Austrian National Bank (OeNB) and Klaus Liebscher, head of Hypo Group´s supervisory board argue that the nationalized bank will be downsized according to plan.
November 29, 2013
VBAG: No Interest Payments on Participation Capital Until 2016
The partly nationalized Austrian bank group VBAG faces further losses. As a result, VBAG will have to perform interest payments not before 2017.
November 28, 2013
Bank Austria: Drastic Job Cut
The austerity measures at Bank Austria take form. CEO Willibald Cernko refers to the bank taxes.
November 28, 2013
RBI Calls for Better SME Financing in Europe and CEE
RBI CEO Karl Sevelda calls for improvement of SME financing.
November 28, 2013
PwC: Turbulent Years for Banks
According to a study by PricewaterhouseCoopers (PwC) the core capital of European banks need to be increased significantly.
November 28, 2013
Sberbank Strives for Organic Growth in CESEE
In 2012, the largest Russian bank took over VBAG´s sub-holding for the CESEE region. As Sberbank still has to invest a lot in the former subsidiary of Austrian VBAG, CEO German Gref is not perfectly satisfied with the acquisition.
November 27, 2013
RBI Faces Austerity Measures.
Raiffeisen Bank International (RBI) does not take into consideration capital increase.
November 27, 2013
Bulgaria: More than Half of Citizens Would Not Take Out Bank Loan
According to a survey, almost 60 percent of Bulgarians would not take out a bank loan regardless of the terms.
November 27, 2013
ECB Considers Restricting Credits
The ECB takes the option of restricting banking to industrial enterprises only into consideration.
November 27, 2013
EU Financial Transaction Tax to Become a Flop?
Experts do not expect the financial transaction tax to become effective next year.
November 27, 2013
Croatia: HNB Pushes Credits
According to reports by Reuters, the Croatian National Bank (HNB) intends to issue HRK 4bn (US-$ 707m) to support credits. Further details will be published by the Central Bank later this week.
November 27, 2013
RBI: Profits Decline by More than Half
Raiffeisen Bank International with consolidated profit of € 411 million in the first three quarters 2013.
November 27, 2013
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