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Austrian Company Earnings Reports

Austria: Difficult Market Situation for Selling Bawag

The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.

April 24, 2014

Poland: BNP Paribas Bank Polska Hopes for Higher Profits

Because of the merger with BGZ Bank BNP Paribas Bank Polska, the Polish branch of the French financial giant, expects a growth of return on equity (ROE) in the double-digit figures.

April 24, 2014

Romania: BRD Group Societe General with High Expectations

The Romanian lender intends to increase its lending by four percent in 2014.

April 23, 2014

Struggling Insurance Industry

Despite favorable results last year the European insurance market has to face a number of adverse factors.

April 23, 2014

Hypo Group: Italian Branch Turns Out a Huge Problem

According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.

April 17, 2014

Hypo Group: Privatization of Balkan Business Until 2015

The nationalized problem bank intends to sell its Balkan business within 2014.

April 17, 2014

Horrible Loss at Hypo Group Alpe Adria

The former Balkan lender shocks with new figures. The Austrian nationalized bank had to write off wide parts of its risky assets. Further losses are likely as well as further capital injections.

April 16, 2014

Austria: RLB OÖ Rows Bank on Threat to Leave

Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.

April 16, 2014

Erste Group Bank AG: Full Year 2013 Company Report has been Published by FriedlResearch

Published in April 2014, 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 & forecasts, plus a SWOT analysis.

April 15, 2014

Hypo Group: Disastrous Losses Revealed

Huge write-offs and value adjustments have sent losses of nationalized problem Hypo Group Alpe Adria soaring. Losses running into the billions are expected.

April 10, 2014

Poland: NBP Posts No Profits

In 2013 the Polish National Bank (NBP) posted no profit.

April 10, 2014

Erste Group to be Relocated to the Czech Republic?

CEO of Erste Group, Andreas Treichl, has informed Czech President Milos Zeman about the bank’s intention to move to Prague in the coming years.

April 9, 2014

Hungary: OTP Approaches Acquisition of MKB

MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.

April 3, 2014

Poland: Banking Industry Expects Improvement in Results

The Polish banking sector expects net profits to increase in 2014.

April 3, 2014

Oberbank: Slow Expansion Strategy to be Continued

The Austrian regional bank starts to enter the stage in two German states. The net income has reached a new record level.

April 2, 2014

Poland: Banks Post Profit of PLN 25bn

In the financial year of 2013 Polish banks posted profits of more than PLN 25bn, as reported by Polish daily Dziennik Gazeta Prawna citing figures by the Polish Financial Market Regulator KNF.

April 2, 2014

Czech Republic: Banks’ Net Profits Decline

The majority of large banks operating in the Czech Republic have to face profit losses for the business year 2013.

April 1, 2014

Vienna Insurance Group in Ukraine: Strong Start to 2014

Double-digit premium growth.

April 1, 2014

Poland: Raiffeisen Polbank Increases Net Profit

Net profits for Raiffeisen Polbank, the Polish branch of the Austrian lender, achieved a considerable increase in net profits.

March 31, 2014

RBI to Keep Hungarian and Ukrainian Affiliates?

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

March 27, 2014

RBI: Profit Shrinks by Almost A Quarter

RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.

March 27, 2014

Raiffeisen Group: Uncertain Future

On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.

March 26, 2014

BayernLB Threatens Hypo Group with Damage Claims

BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.

March 26, 2014

Hypo Group: More than One Billion Required?

As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.

March 21, 2014

Conwert Achieves Turnaround

The Austrian real estate group returns to the profit zone. Last year, net income totaled € 49m.

March 19, 2014

Immofinanz: Substantial Increase in Profits

In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.

March 19, 2014

CA Immo: Considerable Drop in Net Income

Financial results 2013: CA Immo achieves record operating result. Balance sheet strengthened, Net Asset Value up 6%.

March 19, 2014

Slovenia: SID Bank With Declining Profits

The public export and development bank of Slovenia, SID, sees shrinking profits.

March 18, 2014

Poland: PZU Below Profit Expectations

Polish insurer PZU missed the profit expectations in the last quarter in 2013.

March 13, 2014

Poland: Bank Pekao with Ambitious Plans

Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.

March 12, 2014

Bank Austria to Focus on Growth Markets in the Future

Because of the high value of write-offs Bank Austria, CEE affiliate of Italian UniCredit, had to face record losses amounting to € 1.6bn. CEO Willibald Cernko, however, does not consider the bank having made any mistakes in the past.

March 12, 2014

Hypo Group: Losses Expected to Run into Billions

Hypo Group Alpe Adria is expected to reveal losses of around € 2bn in the balance sheet for the business year 2013. Up to now, losses in the amount of € 1.3bn were expected.

March 12, 2014

Losses Running into the Billions for Bank Austria

Bank Austria’s results for the 2013 financial year.

March 11, 2014

Hungary: OTP Bank’s Profits Vanished by Provisions and Taxes

A decrease on the operating profit, increasing risk provisions and taxes drained almost all profits made in the fourth quarter last year.

March 7, 2014

Slovenia: NLB to Break Even in 2014

As part of the restructuring plan, the Slovenian bank is closing branch shops all over the country and downsizing its personnel.

March 4, 2014

Uniqa: „We Will Not Leave Ukraine“

Andreas Brandstetter, CEO of the Austrian insurance group is “highly satisfied” with the Ukrainian affiliate.

March 1, 2014

Erste Group: Profits Decline

Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.

February 28, 2014

VIG Third Biggest Insurance Company in Poland

Vienna Insurance Group records strong performance in Poland.

February 27, 2014

Hungary: Customers Fleeced by Banks

For the first time in three years Hungarian commercial banks have returned to profitability. However, extra cost, caused by political circumstances, was passed on to clients.

February 26, 2014

VIG Generates Profits in Poland

Vienna Insurance Group Polska (VIG) generated a gross profit of PLN 229m last year.

February 25, 2014

Warsaw Stock Exchange Registers Profits

The operator of Warsaw Stock Exchange (WSE) GPW saw an increase in profits in the business year 2013.

February 24, 2014

Vienna Insurance Group Expands Market Leadership in Slovakia

The Group expands its position as the number one in the core market Slovakia. Strong growth above market average. Increase in premiums in all lines of business.

February 17, 2014

Erste Group: Net Results Below Expectations

Erste Group provides business update for 2013: Improvement in risk costs is outweighed by one-off items and tax effects, impacting net profit

February 11, 2014

Vienna Insurance Group Shines in the Czech Republic

VIG continues to expand its market leadership in its largest CEE market.

February 11, 2014

Poland: Slight Drop in 2013 Banks’ Profits

Polish banks displayed a total net profit of PLN 15.43 billion in the financial year 2013, which is a slight decrease of 0.3 percent on an annual comparison basis.

February 10, 2014

Uniqa Kosovo Grows Twice as Quickly as Market

Premium volume up 22.9 per cent in the first nine months of 2013. Non-life grows twice as quickly as the market

January 30, 2014

VIG to Do Up Romanian Division

Difficulties in Romania and Italy for Vienna Insurance Group (VIG) lead to a massive decline in profits.

January 29, 2014

Uniqa Montenegro Increases Market Share

Market share expands to 14.6 per cent. Non-life premium volume increases to 6.7 million euros.

January 28, 2014

Slovenia: Bank Losses Tripled in 2013

Over the last year losses in the banking sector tripled to almost € 1.1bn.

January 23, 2014

Uniqa Serbia Continues to Grow

Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.

January 20, 2014