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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
Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna
The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.
April 16, 2011
Raiffeisen Zentralbank Posts 57% Increase in Profits
Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).
April 15, 2011
Sparkassen Immobilien AG: Significant EBIT Improvement
The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.
April 15, 2011
Immofinanz Opens Tenth Retail Park in Slovakia
STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.
April 15, 2011
Kommunalkredit within the Profit Sector
After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.
April 14, 2011
Austria's Small Caps with Above Average Performance
In the EU comparison, as well as to Large Caps, Austria’s Small Caps record large gains.
April 14, 2011
AutoBank‘s Figures Slightly Negative
The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.
April 13, 2011
Occupational Pension Funds: Deposits in Investment funds +32%
By the end of 2010, the volume of pension rights of the ten occupational pension funds operating in Austria amounted to € 3.56bn, representing an increase of 26% compared with the end of December 2009.
April 12, 2011
Strong Growth in Earnings for Generali Austria
Trhough a slightly above-average growth in premiums and lower claims, the third largest insurance provider in Austria was able to maintain its market position.
April 12, 2011
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 2011
ÖVAG Participates in the Stress Test
Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.
April 9, 2011
Raiffeisen Bank International Posts Consolidated Profit of € 1.1bn in 2010
Consolidated profit rises 141.5 per cent year-on-year to € 1,087 m (pro forma 2009: € 450 m)
April 9, 2011
Corporate Banking: Bank Austria still dominant
Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.
April 9, 2011
Speculations on Improvement of Bid of Telekom Austria in Serbia
Telekom Austria (TA) has time until 12 April to increase the bid for a majority stake in Telekom Srbija. TA does not seem to be totally uninterested.
April 8, 2011
Profit Decline at Zürich Austria
The Swiss insurance group Zürich Versicherung managed to increase its premiums, but the results decreased.
April 8, 2011
Austria’s Exposure to Portugal: € 433m
France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.
April 8, 2011
Coface: Profit of the Group Better than Before the Crisis in 2010
Austria and the CEE surpasses the international trend: increasing sales, decreasing management costs and lower claims ratio improve financial strength.
April 8, 2011
Koren Leaves Bawag
Bawag P.S.K. announces that the Deputy Chief Executive Officer Stephan Koren will not be available for an extension of his term of office as of 1 May.
April 5, 2011
Volume of Bank Austria Wohnbaubank Bonds Remained Stable
Bank Austria could hold its dominant position in the Austrian residential construction bonds market in 2010.
April 5, 2011
Bank Schelhammer & Schattera with Stable Results
The operating results of the Austrian bank are at the same level as in the previous year. Lending volume and customer deposits increased slightly.
April 5, 2011
Increase of Profits at RLB Tirol
Raiffeisenlandesbank Tirol registered a higher yearly net profit despite falling income. Risk provisions were greatly reduced.
April 5, 2011
Slight Rise in Results for Sparkasse Oberösterreich
The regional bank could achieve an operating profit of € 96m in 2010. This enabled the pre-crisis levels to be reached again.
April 2, 2011
Vienna Insurance Group: Satisfying Results in 2010
Group premiums raised by 7.2 percent to € 8.6bn. Profit (before taxes): clear increase by 15.1 percent to € 507.8 m.
April 1, 2011
Uniqa: Preliminary result 2010 more than €150m
The Management Board of the Austrian insurance group Uniqa proposes dividend of 40 cents per share. Profits were higher than expected.
April 1, 2011
Hypo-Group Restructuring to be Completed by 2012
The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.
March 31, 2011
VIG Leaves Russia
The Austrian Vienna Insurance Group accepts the offer to sell its Russian insurance participations.
March 31, 2011
Weinviertler Sparkasse and Erste Bank to merge
The Merger is planned for September 2011, which is seen as "Logical next move" after the acquisition in 2009.
March 31, 2011
VIG: Supervisory Board Adopts Changes of Group Managing Board
Günter Geyer, 67, will resign as Chairman of the Managing Board of the listed Vienna Insurance Group AG with effect 31 May 2012.
March 31, 2011
Immofinanz Announces Improvement in Results
The Austrian real estate company publishes its Q1-Q3 resuls for 2010/11. Revenues and net profits grew moderately.
March 31, 2011
OeNB: "Positive Signals from the Banking System"
The expected consolidated net income of Austrian banks rose to € 4.58bn, generated in large part on foreign markets.
March 30, 2011
C-Quadrat Achieved Strong Profit Increase
In 2010, operating income of the Austrian investment funds was up by 76%. Operating profits almost tripled.
March 30, 2011
Vienna Stock Exchange: Management board contracts prolonged for five years
Heinrich Schaller and Michael Buhl will continue their functions as board members of the CEE Stock Exchange Group.
March 30, 2011
Austrian SME as New Target for Bank Austria
In total, € 13.2bn of new loans could be granted at Bank Austria in Austria in 2010 (corresponding to an increase of 19.3 percent as compared to 2009)
March 29, 2011
BTV with Record Figures in 2010
The regional bank for Tyrol and Vorarlberg was able to increase its net income from 20.4% to 61.8%.
March 26, 2011 · Updated: March 26, 2011; 13:03
Increase in sales for OeKB Versicherung
After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.
March 26, 2011
Brau Union with Stable Results
The Austrian brewery Brau Union has sold more beer again, while maintaining sales and profits. Innovations and a more aggressive pricing policy provided for market growth.
March 26, 2011 · Updated: March 26, 2011; 12:10
“GemeindeMilliarde” Initiative of Bank Austria Extended
In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m
March 26, 2011
Upward Trend for Austria's Machinery and Metal Products Industry
The Austrian machinery and metal products industry has recovered in 2010 from a very difficult previous year. Orders increased to € 29.6bn (+18.3%), production to € 32.7bn (+6.5%).
March 25, 2011 · Updated: March 25, 2011; 03:12
ÖVAG Bundles Real Estate Activities
Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.
March 24, 2011 · Updated: March 24, 2011; 01:17
Bawag Announces Being Back in Black
Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.
March 24, 2011
Bank Austria: Operating Performance Improved, Net Profits Decline
The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.
March 24, 2011
conwert Announces Augmenting Operating Results
conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.
March 24, 2011
Higher Profits for UBM Despite Lower Production in 2010
Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.
March 23, 2011
Eco Business Back in Black
The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
March 22, 2011
Europäische Reiseversicherung AG on Growth Path
Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.
March 22, 2011
ATX Launches Dividend Point Indices
The Vienna Stock Exchanges started calculating and disseminating dividend point indices.
March 22, 2011
RLB Upper Austria Records Massive Increase in Earnings
Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.
March 21, 2011
Ikrath: "Bank Tax Should Fall in 2012"
Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).
March 19, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Leasing Business Boom in Austria
Because of capital requirements and rigid lending conditions, leasing gains in importance as a financing alternative.
March 18, 2011
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