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Austrian Securities Market and Stock Exchange News and Analysis
Read the latest headlines and breaking news about the Vienna International Stock Exchange and the Austrian securities market (bonds, stocks)
“Polish Economy Continues to Enjoy Full Trust of Foreign Markets”
Polands Finance Minister is satisfied with the result of the auction of Polish bonds issued earlier this week.
March 23, 2013
Meinl Needs to Reimburse Starbet Investors
The Regional High Court (OLG) in Vienna has passed the judgement that Meinl Bank has to compensate sports betting company Starbet
March 23, 2013
VBAG to Sell Malta Affiliate
VBAG is going to sell its small Malta subsidiary in the course of the EU downsizing program which the banking institute has commited to.
March 23, 2013
"Croatia Will Not Benefit From Joining The EU"
Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.
March 22, 2013
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
Hypo Group’s Silence Bewilders Bayern LB
Bayern LB is puzzled as to why former affiliate, Carithian Hypo Group, has not shown any efforts to state their position before court.
March 21, 2013
RBI to Acquire More Clients in Romania
RBI (Raiffeisen Bank International) is attaining a portfolio of private clients by Citibank via affiliate Raiffeisen Bank S. A.
March 21, 2013
Good Year for Austrian Banks in 2012
The consolidated financial statements after tax and minority shares increased from € 711m to € 2.97bn.
March 20, 2013
Cyprus: Parliament Rejects EU Bail-Out Package
Not a single member of the Cyprian parliament has voted in favor of the controversial plan where a compulsary levy for all creditors was planned.
March 19, 2013
Bank Austria To Boost Capital Base
CEO Cernko wants Eastern Europe to play an important role again in the future.
March 19, 2013
Hypo Shows Improved Results for CESEE and Austria
Hypo Group achieved a result close to break-even in 2012 with € 3.0m after tax. Total assets drop below € 34bn (2011: € 35.1bn). Net interest income drops y/y from € 753.3 m to EUR 678.4 m (almost 10 %).
March 19, 2013
Cyprus: Small Investors To Be Excluded From Tax
After protests among Cyprus‘ citizens arised and harsh criticism was expressed, the government now intends to exclude small savers from the compulsary tax and grant them a relief.
March 19, 2013
VBAG is Forced to Continue Radical Downsizing Measures
The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.
March 15, 2013
Austria: EVN To Sell Devoll Hydropower To Statkraft A. S.
Agreement regarding the sale of EVN AG's stake in Devoll Hydropower ShA, a project entity for the construction of a hydro power plant in Albania, to Statkraft A.S.
March 14, 2013
Austria: AMAG EBITA Dropped in 2012
The Amag Group achieved sales of 814.2 mEUR in the fiscal year 2012 and continues on the prior year's level of 813.1 m EUR despite the average price of aluminium falling 370 USD/t.
March 14, 2013
Austria: Post Shows Solid Revenues
In 2012, Austrian Post generated € 123.2m and was therefore able to slightly increase the turnover. € 1.80 is being declared per share, which is a raise of € 0.10.
March 14, 2013
Orban Wants to Strengthen Hungarian Banks
According to Hungary´s Prime Minister Viktor Orban, the high share of foreign banks is “unhealthy”.
March 13, 2013
Erste Group to Take over BCR Completely
The Austrian banking group launches a permanent buy-out offer for minority shareholders of BCR.
March 13, 2013
Austria: Hypo Group Still Sailing in Stormy Waters
Hypo Group wants a fast selling until the end of 2013. Vending of Italian and CESEE subsidiaries could take longer as the economic situation is not appealing at the moment.
March 12, 2013
Russia: Rosneft Takes over TNK-BP
The EU Commission has approved of the fusion of TNK-BP and Rosneft. According to the commission, Rosneft will still have business competition.
March 11, 2013
Austria: Negative Outlook for Banks
Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.
March 8, 2013
Austria: RZB About to Take Over Assets of VBAG?
The possible takeover by RZB is still kept in the dark. RBI, however, might absorb Citibank Romania.
March 8, 2013
Slovenia/Croatia: Agreement over Bank Dispute
After years of debate, there seem to be a final agreement in the fight for the insolvent Ljubljanska Banka. The settlement should pave the way for Croatia’s becoming an EU member state.
March 7, 2013
Lithuania: Cashing in Eurobonds to Decrease Public Debt
The finance ministry of Lithuania declared to having redeemed the second large Eurobond issue today and reduced its public debt by € 1 bn.
March 7, 2013
Leitl: "Restructuring Instead of Cashing in"
Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.
March 6, 2013
Bulgaria: Still Fighting Minimal Growth and Weak Economy
The Balkan country has the lowest living standards in the EU and the population’s frustration over its failure to improve the economic situation led to mass protests.
March 6, 2013
Poland: NBP Cuts Interest Rate to Record Low
The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.
March 6, 2013
Verbund: Group Result Increased, Higher Dividend
EBITDA: +15.4% to €1.2bn | Group result: +9.4% to €389m | Recommended dividend: +9% | €0.60 per share.
March 6, 2013
Austria: Zumtobel Attracted Attention of FMA
The sudden price slump of 6 % for shares astonishes the authorities. Profits have dropped from € 18.0m to € 9.7m.
March 6, 2013
Czech Airlines May be Taken Over by Korean Air
The Korean airline company aims to take over the publicly held stake in Czech Airlines.
March 5, 2013
Austria: Zumtobel Shows Profit Shrinkage and Faces Structural Measures
Group revenues fade by 1.8% to EUR 946.5 million (prior year: EUR 964.2 million) while adjusted EBIT totals EUR 29.5 million (adj. EBIT margin: 3.1%; prior year: 3.5%). Adj. EBIT is higher in Q3 than in prior year due to structural adjustment measures.
March 5, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
Romania As Risk Factor for Austria´s Public Finance
The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.
March 2, 2013
Hungary: Matolcsy Becomes New Central Bank Governor
Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.
March 1, 2013
Alpine: Future Still Highly Uncertain
Today, Alpine´s creditors decide whether the financially stricken construction company will be restructured.
February 28, 2013
Austrian Private Banking Market Consolidates
Bank Austria Private Banking sees itself as benefiting from this development. “The idea of security in asset management must constantly be redefined. Investors will have to accept more risk.” Bank Austria says.
February 28, 2013
Erste Group: Profit Higher than Expected
The Austrian bank posts a net profit of EUR 483.5 million in 2012.
February 28, 2013
Ukrainian Banking Sector Shows Small Progress
NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.
February 22, 2013
Romania Tapped Again External Markets
In February, Romania borrowed USD 1.5bn in a 10-year Eurobond. Demand for debt papers was strong, Raiffeisen Research says.
February 22, 2013
“No further tightening of corporate credit conditions”
The Hungarian National Bank has today published the results of its latest lending survey. The survey conducted in January 2013 found that credit conditions for non-financial corporations had not been tightened further.
February 22, 2013
VBAG: Major Losses in Romania
The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.
February 21, 2013
Sberbank Threatens to Sue VBAG
Last year, VBAG has sold VBI (Volksbank International) to Russian Sberbank. Now, Sberbank is highly dissatisfied with the performance of VBI.
February 19, 2013
“Sale of Kommunalkredit Will Take Some Time”
Ewald Nowotny, governor of Austrian National Bank, believes that the sale of the nationalized Austrian banking group will take some years.
February 18, 2013
Assets Become More Risky in CESEE Countries
According to S&P, the exposure of Austrian banks in the CESEE region has become more risky.
February 15, 2013
„Selling Hypo Group Needs up to Five Years“
Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.
February 15, 2013
Vienna Stock Exchange Cooperates with Kazakhstan Stock Exchange
Vienna stock exchange could enlarge its network to 17 exchanges. With the recently agreed index cooperation with the Kazakhstan Stock Exchange, the Vienna Stock Exchange has enlarged its international network once again.
February 15, 2013
Russia: Consumer Loans Growing Substantially
At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.
February 13, 2013
Immofinanz Withdraws from the Tender for GBW AG
The Austrian real estate group has withdrawn its non-binding offer for the purchase of the tendered shares in GBW AG, Munich, and informed the seller, Bayerische Landesbank, of this decision on 13 February 2013.
February 13, 2013
Bulgaria: Bad and Restructured Loans Decrease
In the last month of 2012 the annual rate of increase of the monetary aggregate M3 decelerated again (to 8.5%), after in November it accelerated to 10.1%, Raiffeisen Research reports.
February 12, 2013
Boom Market Turkey: Overheating or an Investment Opportunity?
Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.
February 11, 2013
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