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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
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
Controversials at conwert
Clemens Schneider was appointed as new CEO of the Vienna-listed real estate group. Not everybody is happy with the decision.
November 30, 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
VIG: „We Will Clean Up Merciless“
Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.
November 28, 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
Poland Looking for Investors for PHN
Polish real estate group PHN (Polski Holding Nieruchomości S.A.) is searching for an investor.
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
New CEO at conwert
Today, the Austrian real estate group has presented its new chief executive officer to the public. As of February 1, Clemens Schneider will manage conwert.
November 27, 2013
Vienna Insurance Group: Net Income to Fall
The biggest Austrian insurance group is anticipated to post lower profits.
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
Conwert Doubles Profits in First Nine Months
conwert on course for year of record operational results following strong nine months in 2013
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
Hungary: Monetary Policy Eases Further
Today, Hungary´s National Bank (MNB) has cut the two-week deposit rate to 3.2% from 3.4%. The government is optimistic that the monetary easing will help Hungary´s economy.
November 26, 2013
CESEE: Austrian Banks Face New Challenges
For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.
November 26, 2013
New Austerity Measures for Bank Austria
UniCredit´s Austrian subsidiary and biggest Austrian bank faces job cuts and structural measures again.
November 26, 2013
Immofinanz to Enlarge Buwog’s Portfolio
Austrian real estate company Immofinanz plans on acquiring a large portfolio in Germany. The purchase price of around € 900m is supposed to be raised by the company itself.
November 26, 2013
Dispute about NLB Reignites between Slovenia and Croatia
Damaged savers of NLB filed lawsuit against the bank at the European Court for Human Rights.
November 26, 2013
Czech Republic: CNB Aquires Foreign Currencies
During monetary interventions CNB has purchased foreign currencies in the amoung of CZK 200bn.
November 26, 2013
Hypo Investigations Could Last Several More Years
Yesterday the first court proceeding at the Regional Higher Court in Munich started. Investigations in Austria will take up to four years.
November 26, 2013
Hungary. Forex Loans Probed by Supreme Court
Due to the upcoming elections in 2014, Hungary´s government puts pressure on the Supreme Court.
November 25, 2013
ECB Does Not See Danger of Deflation
Benoit Coeure, member of ECB’s supervisory board, does not see the danger of deflation in Europe.
November 25, 2013
Germany: Austrian Real Estate Enterprises under Pressure
Austrian real estate companies have invested hundreds of millions Euros in apartments in Germany since yields are around 30 percent higher; however the German government plans on putting a hold to the upward trend.
November 25, 2013
BayernLB Lodges Claim of Almost € 5bn
The value in dispute in the legal discussions between German BayernLB and fromer affiliate Hypo Group Alpe Adria runs up to almost € 5bn.
November 25, 2013
Slovenia: Stress Tests Result Published on December 13
Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.
November 23, 2013
Bulgaria: Real Estate Transaction Increase Substantially
In the third quarter, Bulgaria´s residential property real estate transactions were up by 20%.
November 23, 2013
Czech Demand for Housing Loans Still Grows
While demand for consumer loans was down, demand for housing loans is still on the rise. In total, loan growth decelerates.
November 23, 2013
Bawag Sells Headquarter Building
In order to improve its equity base, the Austrian banking group sells the headquarter building in Vienna´s City.
November 23, 2013
Slovenia: Economic Growth Expected to Speed up Next Year
Economic growth is expected to accelerate next year.
November 22, 2013
Austria:Kommunalkredit Managers Accused of Breach of Trust
Four former managers of nationalized Kommunalkredit (KA) are accused of breach of trust and violating the Stock Corporation Act by the Public Prosecutor's Office against Economy and Corruption (WKStA) at the Regional Court in Vienna.
November 22, 2013
Czech Republic: CNB Facing Investigations
Czech Senator Dryml ordered the head of counter-intelligence service (BIS) Jiri Lang to initiate investigations against the Czech National Bank (CNB).
November 22, 2013
Croatia: Amendmends to Cosumer Credit Law
Interest rates on housing loans pegged to Swiss Franc dropped by 30 percent.
November 22, 2013
Fresh Money for Hypo Group Alpe Adria
The nationalized Austrian bank receives € 1.05bn from the Austrian Ministry of Finance.
November 22, 2013
VIG and Bulgaria Are Causing Headache Each Other
The Austrian insurance group VIG has sold the Bulgarian pension fund to an unknown investor. Bulgaria´s government wants to reverse the sale.
November 21, 2013
Eurozone: Nouy New Manager of ECB’s Banking Suvervision
Daniele Nouy will become the new head of the ECB’s banking supervision.
November 21, 2013
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