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Vienna International Professional Services Industry News
Read the latest headlines about developments in the international service industry in Vienna and Austria
Losses at ECO Business Immobilien
The Austrian real estate company recorded losses of 12m in 2011. The year before, ECO Business still showed profits.
April 17, 2012
OeNB: “Nationalizations Are Clean Up”
Austria’s central bank (OeNB) said that the nationalization of three of the nation’s lenders helped clean up the structure of the domestic banking industry.
April 17, 2012
RZB Group: Profits Fell by 38%
The Austrian banking group posts an operating income of € 5,416m (minus 1.5 per cent). Profit before tax reached € 1,144m (minus 11.5 per cent).
April 17, 2012
Hypo Tirol: NPL Quota at 37%
The Tyrolean regional bank recorded losses of € 125m last year. The owner, the province of Tyrol has to inject further capital.
April 16, 2012
Goldman Sachs: Too Small Margins at Austrian Banks in CEE
The U.S. investment bank is optimistic that the CEE region recovers in 2013. The write-offs made by Austrian banks were “correct”.
April 16, 2012
Erste to Improve Equity Base
Austrian Erste Group will ask shareholders for permission to sell bonds that automatically convert into shares to cover potential capital shortfalls.
April 16, 2012
Uniqa Sells German Mannheimer Group
The Austrian insurance company concludes the sale of its majority stake in Mannheimer AG.
April 16, 2012
Fekter Nominates Koren as VBAG´s Chief Executive
Maria Fekter, the Austrian Minister of Finance said that Stephan Koren already agreed to become CEO of the partly nationalized bank VBAG.
April 14, 2012
Erste Group Sells Property
The Austrian banking group shifts its headquarters to the new Vienna main station in three years. The property sales are essential due to equity restrictions by EBA.
April 13, 2012
Strong Growth at UniCredit Leasing Austria
Volume of new business rises by 23.6 per cent to about € 943m. In 2011, UniCredit Leasing Austria expanded its market lead in Austria to a market share of 14.9 per cent
April 12, 2012
Raiffeisen Fixes Change in Leadership
The supervisory board of Raiffeisenlandesbank Lower Austria - Vienna approves the changes in leadership. Hameseder succeeds Konrad.
April 11, 2012
S&P: Austrian Banks Still Weakly Capitalized
The U.S. rating agency S&P regards Austrian banks to record high capital shortfalls.
April 11, 2012
Major Loan to Immofinanz by Russian Sberbank
The Austrian real estate company Immofinanz Group and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $ 715m.
April 11, 2012
„Bank Aids Are Lost“
The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.
April 10, 2012
Oberbank Aims For „Organic Growth“
The Upper-Austrian regional bank continues its growth course and underlines its financial stability and independence.
April 6, 2012
Austrian Insurance Industry: Growth Opportunities in CESEE
Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.
April 6, 2012
Higher Earnings at RLB Tyrol
In 2011, Raiffeisenlandesbank Tyrol (RLB) could raise earnings by 37 %to € 24.2m.
April 6, 2012
Raiffeisen: Downsizing in Hungary Completed
The Hungarian subsidiary of the Austrian lender Raiffeisen Bank International has no plans for further business downsizing.
April 5, 2012
VBAG Records Losses of € 1.35bn
Due to high write-offs in Hungary and Romania, the Austrian nationalized bank registered major losses in 2011. Thus, the capital injection covers these losses only partially.
April 5, 2012
VIG Re: Increase In Profits
Vienna Insurance Group Re posted results. The re-insurer said it raised pre-tax profit by 11.1 percent to € 20.6m, and premium volume by 4.2 percent to € 292.3m.
April 5, 2012
Austria Rejects Bank Bonds of Southern Euro-Members
The Austrian Central Bank will join Germany’s Bundesbank in rejecting as collateral bank bonds guaranteed by member states receiving aid from the European Union and the International Monetary Fund.
April 4, 2012
Raiffeisen: Buchleitner Succeeds Hameseder
The series of staffing changes at the Raiffeisen sector goes on. General attorney Konrad leaves, Hameseder succeeds. RWA´s CEO Klaus Buchleitner replaces Hameseder.
April 4, 2012
Austrian Insurance Firms Continue to Commit to Internationalisation
Last year foreign business accounted for almost 40% overall. Austrian insurers believe there is further potential, above all in Eastern Europe.
April 4, 2012
Oberbank: High Earnings, Low Expectations
The Upper-Austrian regional bank achieved strong results in 2011. Nevertheless, expectations for 2012 are decent.
April 3, 2012
Massive Cut in Stock Turnover
In March, the Vienna Stock Exchange recorded a dramatic decrease in stock turnover. The first three months of 2012 brought a decline in sales by 40%.
April 3, 2012
Warimpex Achieved Turnaround
The Austrian real estate enterprise reported figures today. Sales rose by 11%.
April 3, 2012
s Immo Welcomes City of Vienna as New Tenant
Arkade Meidling looks back at a successful 2011, in which both sales and frequency were increased. Now, the Austrian real estate company won the City of Vienna as new tenant.
April 3, 2012
Steiermärkische Interested in Hypo Group´s Subdidiary
The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.
April 3, 2012
Konrad to Leave RZB
Christian Konrad, general attorney of the Raiffeisen sector and chairman of RZB supervisory board, will step down in June. Successors are already designated.
April 2, 2012
RBI Strengthens Commitment to CEE Region
Austrian Raiffeisen Bank International underlines its function as major lender in Central and Eastern Europe. Hungary is still the most uncertain market.
April 2, 2012
3.5% Salary Increase in Austrian Banking Industry
After six negotiation rounds, the collective agreement at Austrian banks has been resolved. By April 1, salaries will increase.
March 31, 2012
Strong Growth of Austrian Leasing Market
Last year, Austrian leasing business recorded a 10.3% market growth. 183,111 new contracts were concluded.
March 31, 2012
RBI Is Optimistic to Reach Solution in Hungary
On the occasion of a investor conference in London, Austrian Raiffeisen Bank International talked about risks in Hungary and capital requirements by EBA.
March 31, 2012
Total Assets of Austrian Banks Beyond € 1.0tn
At the end of 2011, the level of unconsolidated assets exceeded the € 1.0tn threshold again.
March 30, 2012
Pröll Declines Konrad´s Succession
Josef Pröll, former Austrian Minister of Finance, excludes rumors about the succession of RZB´s chairman Christian Konrad.
March 30, 2012
RBI Is Optimistic to Reach Equity Requirements Without Capital Increase
The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.
March 30, 2012
Bank Austria Considers Leaving East European Markets
UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.
March 30, 2012
VIG Reaches Record in Group Profits
Vienna Insurance Group registers an increase in Group profit (before taxes) by 10.1 percent to about € 560m. VIG proposed a dividend increase of 10 percent to € 1.10 per share.
March 29, 2012
RBI Posts Pre-Tax Profit of € 1.4bn
As only Austrian bank, Raiffeisen Bank International pays divididends. The tier 1 ratio raises by 0.2 percentage points.
March 29, 2012
Palfinger: High Expectations in China
The Austrian crane manufacturer is optimistic that China becomes the biggest market for the company.
March 28, 2012
Zumtobel Introduces Global Management for all Production Plants
As part of its growth strategy, the Zumtobel Group is placing all Zumtobel brand production plants under uniform global management.
March 28, 2012
VBAG to Cut Capital by 70%
The financially stricken Austrian VBAG will cut its equity capital by around 70 and then top it up again with state aid next month as part of a previously announced bailout.
March 28, 2012
Massive Increase in Revenues at Conwert
Revenues at the Austrian real estate company increase by 55.9 % to € 852.9m. Net income almost doubled.
March 28, 2012
Bank Austria: Higher Profits than Expected
Bank Austria posts net profit of € 209m despite burdens of € 1.2bn resulting from Greece, goodwill impairment and bank levies.
March 28, 2012
UK Investor Plans Sale of Iglo
The British company should get new owners soon. The consequences for the Austrian subsidiary are unknown yet.
March 27, 2012
Vienna Stock Exchange Calls for New Listings
Birgit Kuras, the new member of VSE´s management board aims to enhance the stock exchange´s importance and pushes for further privatizations.
March 27, 2012
Increase in Profits at Immofinanz
The Austrian real estate Group continued the positive trend recorded in recent quarters during the third quarter of the 2011/12 financial year. Profits were up by 17.5%.
March 26, 2012
Koren to Become VBAG´s New CEO?
Finance Minister Maria Fekter aims to nominate the former Vice-CEO of Bawag as board director of VBAG.
March 24, 2012
Rothensteiner Against Bank Insolvencies
Raiffeisen Zentralbank´s CEO Walter Rothensteiner is against the discussion about bank insolvencies.
March 24, 2012
Bank Austria: Cernko Confirmed as CEO
Bank Austria’s Supervisory Board renews the term of office of Willibald Cernko and Rainer Hauser for another three years.
March 23, 2012
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