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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: Decisions about Hypo Group Expected This Year
Decisions about the future of problem bank Hypo Alpe Adria will in all likelihood be delayed.
October 16, 2013
Bank Austria: Economic Recovering in Small Steps
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
October 16, 2013
Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.
October 15, 2013
„CESEE Is Not the Devil Anymore“
Regarding the development of the CESEE equity market, Birgit Kuras, CEO of Vienna Stock Exchange (VSE) demonstrates optimism.
October 14, 2013
RBI May Pay Back State Aid Sooner
For Austrian Raiffeisen Bank International, the state aid becomes more and more expensive. The repayment will take place before 2017, insiders report.
October 14, 2013
HVB: UniCredit Considers IPO
Bank Austria´s holding company UniCredit may sell a minority stake in Germany HVB.
October 14, 2013
Croatia: Hypo Group Losing Last Industrial Participation
Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.
October 14, 2013
Moody’s: Poland Threatened by Outflow of Foreign Funds
Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.
October 14, 2013
FX Loans: ECB Warns Hungary
ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.
October 14, 2013
Poland´s Banking Sector Underlines Stability
Moody´s Upgrades Poland´s banking sector. After the upgrade, Polish banks have their best rating since 2007.
October 12, 2013
VBAG to Downsize Radically
In order to become competitive again, the partly nationalized VBAG and the Volksbanken sector will cut its structure.
October 12, 2013
Erste Observes SEE Region Intensively
Vienna-listed Erste Group, which is the third-biggest lender in the CESEE region, wants to expand into Southeastern Europe.
October 11, 2013
RBI Issues EUR 500 Million of Supplementary Capital
Strengthening of capital structure provided by this measure.
October 10, 2013
Slovenia Cannot Escape the Vicious Circle
Slovenia still aims to manage its banking crisis on its own. After the new economic forecast issued by Slovenia´s National Bank, this aim suffers another setback.
October 10, 2013
Austria: FMA Approves of Sale of Hypo Group
The Financial Market Authority has given green light for the selling of Austrian problem bank Hypo Alpe Adria to Indian Srei Group.
October 9, 2013
Bratusek: “We Are Paying for Your Debts”
On Tuesday Slovenian Prime Minister Alenka Bratusek presented the budget draft for 2014 and 2015 to the members of parliament.
October 9, 2013
FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG
This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.
October 8, 2013
Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published
FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.
October 8, 2013
World Bank: 47 Banking Crises in the Past 40 Years
47 banking crises that have struck 116 countries in the past 40 years - World Bank
October 8, 2013
Bulgaria Takes out Schuldschein Note Loan via German Banks
The Bulgarian government has decided to take out a Schuldschein note loan in the amount of € 360m through German banks, media reports claim.
October 7, 2013
Political Crisis in Slovenia to Sharpen Further
The power struggle between Prime Minister Alenka Bratusek and Ljubljana´s mayor Zoran Jankovic escalates. Jankovic is said to receive more support from his party.
October 5, 2013
Hungary: Easing Cycle Nears Its End
After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.
October 4, 2013
Raiffeisen Research: CESEE Deserves Better Credit Ratings
Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.
October 4, 2013
Sevelda: Not the Right Time for Capital Increase
In an interview with Financial Times (FT) Karl Sevelda, CEO of RBI, states that a capital increase would be difficult at the moment due to an unfavorable economic environment.
October 4, 2013
Wifo: Austrian Economy Sees Upturn
Today the Austrian Institute for Economic Research (Wifo) has released its prognosis for 2013 and 2014. The institute sees the first signs of an economic recovery.
October 4, 2013
Austria: Downsizing Models for Hypo
Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.
October 4, 2013
Economic Recovery and Interest Rate Turnaround Also in Austria?
Not only Germany but also the peripheral areas of the European Union see economic recovery supported by an increasing export activity.
October 3, 2013
Poland Increases Funding for SMEs
According to Polish Finance Minister Rostowski, the government plans on extending a funding program for the support of small and medium sized companies in order to improve the country’s economy.
October 3, 2013
UniCredit Toying With Idea of Take-Over in Poland
Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.
October 3, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
October 3, 2013
Pecik to Buy Hypo Group´s SEE-Affiliates?
The Austrian investor Ronny Pecik is said to be interested in acquiring the Southeast European subsidiaries of nationalized Hypo Group.
October 2, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
New Economic Strategy for SEE
On Tuesday, economic experts held a meeting in the Albanian capital Tirana to examine a draft strategy for development and employment in the SEE region until the year 2020.
October 2, 2013
Slovenia: Asset Quality Deteriorates Rapidly
The government of the financially stricken country comes more and more under pressure. In meantime, about 17% of the Slovenian loans are classified as “risky”.
October 1, 2013
Austrian Banking Package: Costs May Reach € 30bn
In total, the burden for Austrian taxpayers is expected to reach up to 10% of GDP.
October 1, 2013
Slovenian Government to Approve Adjusted Budget
The Slovenian government today plans on implementing the revised budget for next year and the draft for the 2015 budget.
September 30, 2013
Romania Cuts Base Rate to Record Low
The Romanian Central Bank has cut the base rate to a record low of 4.25 percent.
September 30, 2013
Austrian Industry Continues Upward Trend
Developments in Austria follow the European trend.
September 30, 2013
Hypo Group: Sale of Assets in SEE to Take Forms
The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.
September 29, 2013
CESEE: Consumer Loans Decline Considerably
Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.
September 29, 2013
RZB: Leasing Segment Proves Difficult
Last year, the leasing subsidiary of Raiffeisen Zentralbank (RZB) has recorded massive losses. In the next years, the leasing business will not return to profitability.
September 28, 2013
"European bank supervision sends a strong signal to financial markets"
Austrian Federal Minister of Finance Maria Fekter welcomes favourable European Parliament decision on bank supervision.
September 28, 2013
Austria: Fitch Confirms Triple A
Austria´s main weak point is the banking sector, the rating agency criticizes.
September 28, 2013
Austrian Bank Tax Paid By Bank´s Customers
The Austrian Institute of Advanced Studies (IHS) reports that it is “likely” that banks shift the burden to their customers.
September 26, 2013
Raiffeisen Sector: Austerity Cuts Ahead
RZB (Raiffeisen Zentralbank), the majority shareholder of Vienna-listed RBI (Raiffeisen Bank International) plans to reduce its costs substantially.
September 26, 2013
Slovenia: PM Takes International Bailout into Consideration
For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.
September 26, 2013
Slovenia: Economic Outlook Deteriorates
Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.
September 26, 2013
Raids at Ukrainian Affiliate of Bank Austria
Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.
September 25, 2013
RBI: Drastic Austerity Measures Ahead
Vienna-listed Raiffeisen Bank International will have to cut costs by € 450m within 3 years.
September 25, 2013 · Updated: September 25, 2013; 10:41
Poland: Warsaw Stock Exchange to Introduce WIG30
The new index covers thirty enterprises instead of formerly twenty and reduced the dominance of the banking industry.
September 23, 2013
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